Fossil Energy
DeepOcean Wins Largest Contract in Its History
Norway’s DeepOcean AS (“DeepOcean”), a subsidiary of DeepOcean Group, has been awarded the single largest contract in the history of the company since it was founded in 1999. The contract is for a firm period of 5 years starting in the first quarter of 2014 with options for another 3 years and cover
Technip Bags 5-Year PSVM FPSO Job in Angola
Technip has been awarded by BP Angola a five-year contract for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola. Technip described t
Plexus Receives Best Oil and Gas Plc Award (UK)
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announced that it has been awarded the ‘Best Oil and Gas Plc’ award at the annual Stock Market Wire Awards, presented on 18 February 2013
Tentec Names ERIKS as Asian Region Distributor
Tentec announced the appointment of ERIKS Pte Ltd as a distributor of its bolt tensioning equipment and torque wrenches in Singapore, Malaysia and Indonesia. The company will be responsible for the sales of Tentec bolt tensioners in all markets including oil and gas, offshore, mining and renewables.
BP, Reliance Working to Boost Output from KG D6 Block Offshore India
Bob Dudley, BP Group Chief Executive and Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) met with the Indian Minister of Petroleum and Natural Gas, Dr Veerappa Moily in Delhi today. They updated the Minister on their joint future plans in India, including the KG D6
CB&I Bags Aasta Hansteen Topsides Design Gig
CB&I announced today that it has been awarded a project valued in excess of US$180 million by HYUNDAI Heavy Industries Co., Ltd. (HHI). CB&I’s scope of work, which will commence in the first quarter, includes detailed engineering design and procurement services for the spar topside that is part of S
Deepwater Horizon Was an Accident, Not Gross Negligence, BP Says
British supermajor BP is preparing for the federal civil trial beginning next Monday in the Deepwater Horizon Multi-District Litigation pending in the US District Court for the Eastern District of Louisiana. This proceeding is the first of at least two phases the Court has set for the trial. The fir
Chinese Oil Companies Eyeing Russian Upstream Projects
Rosneft President and Chairman of the Management Board Igor Sechin held a number of meetings with the heads of Chinese oil companies on 18 February as part of a working visit to China. Sechin held talks with CNPC General Manager Zhou Jiping. The two discussed prospects for hydrocarbon supplies to Ch
Maersk Oil Qatar Hires GDI’s New Jack-Up Rig for $211 Mln
Maersk Oil Qatar and Gulf Drilling International (“GDI”) have signed a four year agreement for 770 million Qatari Riyal (approximately $211 mln) under which Maersk Oil Qatar will contract the Al Jassra, GDI’s new-build jack-up drilling rig. The contract covers drilling and well work-over activity in
VIDEO: Research Ship Launched in Turkey
A research vessel “TÜBİTAK Marmara” was launched in Turkey on Sunday, February 17. The launching ceremony was held at Tuzla Shipyard. The TÜBİTAK Marmara is the first vessel of its kind built in Turkey. It will be used for scientific as well as for oil & gas exploration. The 41.2 meters long and 9.5
Dron & Dickson to Conduct Electrical Inspection of SBM Offshore’s Assets
Dron & Dickson, specialists in design, supply and maintenance of hazardous area electrical equipment, has secured a contract with SBM Offshore. The project will see Dron & Dickson carry out electrical inspection and maintenance on SBM Offshore’s assets. The Global Frame Agreement began in late 2012.
Germany’s Man Wins Petrobras FPSO Equipment Contract
Six two-stage screw compressor units for six offshore oil production installations, known as FPSO (floating production, storage and offloading) units, have been ordered from MAN Diesel & Turbo for Brazilian energy company Petrobras. Acting as contractor here for the first time is MAN Diesel & Turbo
Petrobras Restarting Production from PPM-1 Platform Following Oil Leak
Brazil’s state-controlled oil company Petrobras yesterday began resuming production from an offshore platform after a small oil leak was discovered during the weekend. The 30-liter leak was found on Saturday at the Petrobras-operated PPM-1 platform in the Campos Basin, off Brazil, which forced the c
Loyz Energy Expands Portfolio with New Acreage Offshore Philippines
Loyz Energy Limited (Loyz Energy or the Group), the Singapore-based upstream energy group has expanded its concession portfolio with a newly awarded petroleum service contract for Area 14, located off the shores of the Philippines. Area 14, a 9,839 km2 block is one of 15 blocks, offered by the count