FMC Technologies, Inc. announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Pan Pandora field. The award has a value of approximately $70 million in revenue to FMC Technologies. Pan Pandora is an offshore oil and ga
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into a contract for the provision of the accommodation semi-submersible Borgholm Dolphin with BP Exploration Operating Company Ltd. The contract is for a nine month period commencing first quarter 2011 supporting operations on
Spring Energy has successfully amended its exploration loan facility with its banking group that comprises Merchant Banking, Skandinaviska Enskilda Banken AB , DnB NOR (“DNB”) and BNP Paribas Spring Energy has secured commitments from the Lenders to increase the Facility amount from NOK1,000 million
Hess Corporation today announced it has exercised its right to pre-empt Total’s sale to BP of its interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod. Hess will gain additional interests of 7.85 percent in Valhall and 12.5 percent in Hod for $496 million in cash. Together wit
Electromagnetic Geoservices ASA (EMGS) announces that it has been awarded a multi-year contract worth a minimum of USD 150 million by one of the world’s largest oil companies. The 3D EM campaign will employ one of EMGS’s purpose-built 3D EM vessels continuously throughout the duration of the contrac
The two Shtokman partners to expand cooperation through a sci-tech cooperation program. Today within the framework of the St. Petersburg International Economic Forum 2010 Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Peter Mellbye, Executive Vice President of Statoil si
BW Offshore Limited , one of the world’s leading FPSO contractors and a market leader within advanced offshore loading and production systems to the oil and gas industry, announced today its intention to make a voluntary exchange offer for all of the shares of Prosafe Production Public Limited not c
Circle Oil plc , the international oil and gas exploration, development and production company, announces its results for the year ended 31 December 2009. Thomas Anderson, Chairman of Circle, said: “In 2010 Circle is continuing with its exploration and production programmes with further drilling in
Skanska has been commissioned to build an office in Oslo. The contract amount is NOK 1.3 billion, approximately SEK 1.6 billion, which will be included in order bookings for the second quarter of 2010. The customer is the Norwegian company IT Fornebu, which is developing the former airport area, For
Danish shipping company ESVAGT has ordered a standby/rescue vessel of the Ulstein SX123 design. The vessel is a part of emergency preparedness in the Goliat field for operator Eni and will enter directly into a ten-year contract. The vessel will be constructed at the shipyard Astilleros Zamakona SA
Engineering and construction services provider Halcyon Offshore is buying Cables International and its units for S$30 million. [mappress] Source: channelnewsasia, June 18, 2010;
Aker Solutions has been awarded another subsea equipment contract by leading US independent oil and gas company Noble Energy Inc. This time Aker Solutions will deliver subsea control equipment worth approximately NOK 150 million. Scope of work is engineering, manufacturing and delivery of a subsea c
Damen’s STAN Tug 1205 on the pontoons (A36) has been purchased at the Seawork exhibition by their fellow exhibitor Red7Marine. Nick Offord, (MD of Red7) commented: “We came to Seawork with a view to investigating our first major tug purchase and found that the first-of-type vessel brought by Damen w
CGGVeritas announced that it has signed a Technology Cooperation Agreement (TCA) with the Brazilian energy company, Petrobras, for the collaborative development and implementation of new technologies in the field of Geophysics. The TCA sets the framework for collaborative research projects between P
