Fossil Energy
Eni makes significant oil discovery offshore Congo
Italy’s Eni has made an important new exploration discovery in the Marine XII Block located 17 km offshore Congo. The exploration well, Nene Marine 3, which led to the important result, was drilled in a water depth of 28 meters and has encountered a significant wet gas and light oil accumulation in
Maersk Completer rig stays in Brunei
Brunei Shell Petroleum has awarded Maersk Drilling a four year contract for the jack-up rig Maersk Completer for operation offshore Brunei. The contract commences in November 2014 in direct continuation of its current contract with Brunei Shell Petroleum. The contract has options for extension up to
ABB net income down by 13 pct (Switzerland)
ABB today reported record full-year revenues and higher operational EBITDA, net income and free cash flow despite a challenging market environment. The Board of Directors has proposed to increase the dividend for 2013 to CHF 0.70 per share. “These solid results, delivered in a mixed business climate
Foster Wheeler, AMEC reach agreement on takeover offer
Foster Wheeler AG today announced that it has entered into a definitive agreement with AMEC plc pursuant to which AMEC will make an offer to acquire all the issued and to be issued share capital of the Company. Under the terms of the offer, AMEC will offer to exchange for each outstanding share of F
Techip wins Zakum field consultancy job (UAE)
Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded Technip a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phases of the Zakum Oil Lines Replacement Project-Phase 1 (ZKOL). The ZKOL project serves ADMA-OPCO’s objective of r
Subsea electronics specialist moves to new premises in Houston
Seatronics Inc., an Acteon company, is moving to a new, purpose-built facility in Houston to expand its rental, sales and service work for customers throughout North and Central America.
Mubadala extends Songa Venus rig contract
Mubadala Petroleum has decided to extend the contract for the Songa Venus offshore drilling rig, currently deployed in Malaysia. The rig’s owner Songa Offshore SE said that the extension would cover an additional one firm well in Malaysia under the current contract terms and conditions. Mubadala is
Salamander Energy: Bualuang production resumes
Salamander Energy has repaired the damaged risers, and resumed production from its Bualuang field. To remind, the production from the field, located in the Gulf of Thailand, was stopped after the Rubicon Vantage FPSO damaged the risers when it drifted into the exclusion zone designed to protect the
Northern Petroleum appoints non-executive director
Northern Petroleum has appointed Iain Lanaghan as their new non-executive director of the company. Lanaghan is an experienced public company director whose most recent position in the exploration and production industry was with Faroe Petroleum plc. He was a Finance Director of Faroe for four years
AMEC receives contract extension for Shell ONEgas’ North Sea assets
AMEC and its partners in the AJS joint venture, Jacobs and Stork, have secured a five-year plus further five-year option period contract extension for the Integrated Services Contract for the Shell ONEgas assets in the Southern North Sea. ONEgas is a combined business unit of Shell UK Exploration &
Statoil: Concept selected for giant Johan Sverdrup field
Statoil and the partners in the Johan Sverdrup field have decided on a concept for the first development phase. The partners have agreed on a field centre consisting of four installations and power from shore. Johan Sverdrup is among the largest oil fields on the Norwegian shelf, and will at peak co
Aker Solutions: Record high order intake in 2013
Aker Solutions delivered its best quarter of 2013 as an increased focus on execution, delivery of key projects and major contract wins boosted earnings.
Otto Marine gets charter contract for Go Emerald
Singapore’s Otto Marine Limited has secured a charter contract amounting to $11.3 million for its vessel, Go Emerald. Go Emerald will be deployed for work on long term charter in West Australian waters for, according to Otto Marine, a renowned oil and gas player. Built in 2009, Go Emerald is a 2,800
Wood Group PSN names MD for Australia & Asia Pacific
Wood Group PSN has appointed a new regional managing director to lead its Australia & Asia Pacific business. The company’s previous southern operations business manager in Australia Andrew Stewart is now being appointed new regional managing director. Stewart takes the reins as part of a planned han