Brazil’s oil and gas giant Petrobras has approved the company’s 2012-2016 Business Plan with investments totaling US$ 236.5bn (R$ 416.5bn) and averaging of US$ 47.3bn per year. The 2012-2016 Business Plan is based on the integrated management of the Company’s project portfolio, with emphasis on: • R
PT Pertamina (Persero) and Timor Gas E Petroleo, National Oil Company of Democratic Republic of Timor Leste, signed the Memorandum of Understanding for developing business together in oil and gas sector in Timor Leste. The Memorandum of Understanding (MoU) was signed by President Director of Pertami
Ocean Installer has successfully completed survey and intervention work at the Balder field, as contracted by ExxonMobil Exploration & Production Norway AS (“ExxonMobil”). The work was performed in May 2012, according to schedule and in line with Ocean Installer’s quality and HSE standards and requi
IEV Holdings Limited has successfully completed on schedule, the engineering, fabrication and load-out of a four-legged jacket and refurbished topside of a wellhead platform, which is part of a supply, delivery, installation and commissioning of a refurbished wellhead platform, pipeline, and host ti
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) (jointly as “Primeline”) for Block 33/07 in the East China Sea. B
Leading international oilfield service provider Expro will provide a full well services contract to a large operator in Australia in a multi-million dollar contract estimated in the region of $20million (£12.8miilion). Expro will provide well test, wireline, surface sampling, drill stem testing (DST
Long standing customer Ensco has to date entrusted Keppel with 19 major newbuild projects worth more than US$4.8 billion. Keppel FELS Limited (Keppel FELS) is set to deliver ENSCO 8506, the seventh semisubmersible (semi) drilling rig in the ultra-deepwater ENSCO 8500 Series® to Ensco safely, on time
TTS Group ASA, Bergen has through its subsidiary Company TTS ships equipment AS secured four contracts with STX OSV Brattvaag building, STX OSV Soviknes and Kleven Maritime in a total value of 30 MNOK (USD 5 million). The contracts with STX OSV Brattvaag relate to vessel no. 793 and vessel no.794 fo
Chevron Corporation has signed additional binding agreements with Tokyo Electric Power Company (TEPCO) for liquefied natural gas (LNG) offtake and equity interests in the Chevron-operated Wheatstone Project. Under the agreements, TEPCO will purchase an additional 0.4 million tons per annum (MTPA) of
Leighton Welspun has been awarded its fifth project by India’s Oil & Natural Gas Corporation (ONGC), taking the value of the total work awarded to the Company by ONGC to more than INR 5000 Crore (AUD$914 Million) over the past 5 years. The 1400 Crore (AUD$256 Million) Pipeline Replacement Project 3
The world has finite hydrocarbon resources and conventional oil reserves are particularly in short supply. Furthermore, conventional oil resources from the Middle East are very much under threat of disruption as embargoes on Iranian oil exports come into full effect at the end of June 2012. However,
Saturday 16 June, the new dock arrived at Myklebust Verft. With the new, larger dock, the yard can now offer docking facilities also for large offshore vessels like anchor handling vessels and seismic vessels. Myklebust Verft is a combination shipyard that both builds newbuilds and carries out maint
Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, today announced it started exporting the eco-friendly gas engine Hyundai HiMSEN H35/40GV after completing test runs on June 18. The new gas engine runs on liquefied natural gas rather than heavy crude
Salamander Energy plc announces the spud of the Bualuang Far East-1 (“FE-1”) exploration well in Block B8/38, Gulf of Thailand. The Bualuang Far East prospect is located approximately 7km to the northeast and up-dip of the Bualuang oil field. The FE-1 well will be drilled to a total vertical depth o
