Fossil Energy
Technip to Supply Umbilicals for Total’s Egina Project in Nigeria
Technip announces that its wholly-owned subsidiary DUCO Ltd was awarded “an important” contract by Total Upstream Nigeria Ltd to supply umbilicals(2) to the Egina field offshore Nigeria. For Technip, an “important” subsea contract is ranging from €50 to €100 million This field is situated within the
Chiyoda, Xodus Unite in Energy Development Projects (UK)
Chiyoda Corporation and Xodus Group Limited announce that they have formed a strategic capital alliance, with Chiyoda having acquired the majority of shares in Xodus Group from the previous investors, Sunrise Xodus B.V. and Simmons Parallel Private L.P. The increase in global demand for oil & gas ha
Woodside Founder Dies at 99 (Australia)
Australian oil and gas company Woodside has informed that the company’s former chairman Geoff Donaldson, passed away last week. Donaldson, widely recognised as the father of the company, passed away at the age of 99. He helped found Woodside in 1954 by underwriting the company’s first share issue. T
Subsea 7 Bags $400 Mln Petrobras Contract (Brazil)
Subsea 7 S.A. announced the award of a contract with a value of approximately U$400 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Normand Seven on a day rate basis for around five years, with operations starting in the fourth quarter of this year. Th
Skandi Neptune Remains with Subsea 7 Until 2014
DOF Subsea today announced that Subsea 7 has extended the contract for Skandi Neptune with one year from March 2014. Skandi Neptune is a construction support vessel, capable of operating in water depths up to 3,000 meters. The 104 m long vessel is equipped with a 250 mt crane and 2 ROVs. DOF Subsea
Nexen Extends Wood Group PSN North Sea Contract
Wood Group PSN (WGPSN) has secured its sixth major North Sea contract extension this year. The latest award comes in the form of a three-year contract from Nexen Petroleum UK Limited to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms. The contract al
Chevron to Build Office Building in the World’s Energy Capital, Houston
Chevron U.S.A. Inc. announced plans to construct an office building in downtown Houston to accommodate its business growth and expanding workforce in the world’s energy capital. The 50-story, 1.7 million-square-foot building will be located at 1600 Louisiana Street at Pease. Together with Chevron’s
EMGS Vessel Utilisation Increases in 2nd Quarter (Norway)
Electromagnetic Geoservices ASA (EMGS) has released information on vessel activity and utilisation for the second quarter of 2013. Vessel utilisation for the second quarter came in at 78% compared with 77% in the second quarter of 2012. In the second quarter of 2013, the company’s vessels were alloc
PI Buys 50.4% Shares of Adira Energy
Adira Energy Ltd has entered into an irrevocable and conditional subscription agreement for a non-brokered private placement (the “Offering”) of $5,000,000 with Pelagic Investments Limited (“PI”), which will result in PI acquiring approximately 50.4% of the issued and outstanding common shares of Ad
Repsol Sinopec to Use Aker Solutions Equipment for Deepwater Project in Brazil
Aker Solutions’ subsidiary Managed Pressure Operations will deliver managed pressure drilling (MPD) systems and riser gas handling services to Repsol Sinopec Brazil. The parties agreed not to disclose the value of the order. The three-year contract comes with an option for an additional two years of
$500 Million Subsea Trees for Pre-Salt Fields (Brazil)
Petrobras , Brazil’s national oil company, orders subsea trees worth half a billion dollars for its pre-salt fields, located offshore Brazil. FMC will supply the systems.
Idemitsu Buys ExxonMobil Share in H-Nord Field (Norway)
Japan’s Idemitsu Kosan Co.,Ltd. announces that its subsidiary, Idemitsu Snorre Oil Development Co., Ltd. has acquired additional interests in PL 090 F (25%) and PL 090 G (25%) from ExxonMobil including H-Nord oil field in the Norwegian part of North Sea. The licenses PL 090 F and PL 090 G are locate
China: TSC Provides Equipment for Dalian-Built Jack-Up Rigs
TSC recently signed a contract with Dalian Shipbuilding Industry Company (“DSIC”) to provide equipment (BOP Cranes, Conductor Tensioning Units and Rack Cutting) for four units of JU2000E Jack-up drilling rigs to be built by DSIC. The total contract value is approximately US$17.59 million and will be
Vietnam’s PV Drilling Places Order for Jack-Up Rig at Keppel FELS Yard
Singapore’s rig builder Keppel FELS Limited has announced that a Vietnamese company PV Drilling Overseas (PVDO) is acquiring from the company a KFELS B Class jackup rig for approximately US$210 million. Scheduled for delivery in 1Q 2015, the high specification rig will be the 19th KFELS B Class rig