Apply Sørco has been awarded a contract by Statoil for topside modifications related to subsea compression on Gullfaks field in the Norwegian sector of the North Sea. The project will increase the wellhead pressure and production from the field. The contract includes installation of new equipment an
On July 3, CNPC affiliated China Petroleum Technology and Development Corporation (CPTDC) and CSIC Dalian Shipbuilding Industry Offshore Co., Ltd. signed a contract in Beijing for building the 3rd and 4th DSJ300 jack-up drilling rigs. This will further consolidate the strategic cooperation between t
Songa Offshore, a Cyprus based drilling contractor, has announced its fleet status update for May/ June 2012. Songa Venus achieved an average operating efficiency of 98% during the period. The rig continues to operate for Petronas Carigali in Malaysia. It is anticipated that the 1 year optional cont
Lundin Petroleum AB has entered into a farmout agreement with Explora Petroleum AS (Explora Petroleum) in respect of licence PL544. Explora Petroleum will acquire a 30 percent interest in PL544, the license is located in the Norwegian sector of the North Sea. The farmout agreement is subject to appr
John Mills Valves, a subsidiary of Wärtsilä Valves Limited, has completed a contract for a bronze globe valve for GE Oil & Gas for the firefighting system handling seawater on the Triton FPSO facility, approximately 100 miles off the east coast of Scotland. GE Oil & Gas required a non-standard valve
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced yesterday the signature of an agreement in principle to supply a newbuild floating LNG regasification unit (FRU) to VGS Group of New Jersey, USA, for installation offshore India. The FRU, which will be owned by V
Golar LNG Limited has been awarded the Gas Atacama Mejillones Seaport’s FSRU Project (“Gas Atacama”). The initial term of the contract, in Gas Atacama’s option, is for 15 or 20 years and is expected to generate an average annual EBITDA of approximately US$48 million for the 15 year charter or US$47
Coastal Energy Company has entered into a Small Field Risk Service Contract (“RSC”) with Petroliam Nasional Berhad (“PETRONAS”) for the development and production of petroleum from the Kapal, Banang and Meranti cluster of small fields (the “KBM Cluster”) offshore Peninsular Malaysia. Coastal (with 1
The U.S. based 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 Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies. Gullfa
In a break with tradition this year, the Central Dredging Association’s trademark conference and exhibition, CEDA Dredging Days 2012, will be held in Abu Dhabi, United Arab Emirates on 12-13 December. This unique opportunity takes advantage of the substantive dredging programmes in the Middle East o
Oil & Gas UK’s 2012 Economic Report, published today (5 July), highlights how constructive engagement between the Government and industry on the stewardship of the UK’s oil and gas resource over the last twelve months has succeeded in promoting investment and increasing the reserves planned for reco
Statoil is preparing to shut down production on the Norwegian continental shelf (NCS) following a notice of lockout. The Norwegian Oil Industry Association (OLF) announced today that a lockout will be imposed on all members of Industry Energy (Industri Energi), the Organisation of Energy Personnel (
Safe Boreas will, according to the owner, be the most advanced and efficient harsh environment accommodation rig in the world, with facilities for 450 persons in single man cabins.
Nexus Energy Limited (Nexus) advises that main documentation for the consolidation of interests in AC/L9 has been finalised and parties are now progressing to their final board approvals. The company refers to the Heads of Agreement with Shell Development (Australia) Pty Ltd (Shell) and Osaka Gas Cr
