The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved ExxonMobil’s Hebron Development Application. The approval of the Development Plan now enables ExxonMobil Canada Properties Limited to proceed with development of the Hebron Field, which is estimated to contain 707 m
Alfa Laval, a company specialising in heat transfer, centrifugal separation and fluid handling has received an order from a Technip Samsung Consortium (TSC) to supply Alfa Laval equipment to Shell’s Prelude FLNG (floating liquefied natural gas) facility. Due to a confidentiality agreement Alfa Laval
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for well 35/2-3, located in PL 318 in the Norwegian part of the North Sea. Statoil will use the Scarabeo 8 semi-submersible drilling rig, owned and operated by Saipem SpA Norwegian Branch. The drilling programme for well 35/2-
Schlumberger Limited has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Founded in 1921, Wilson is a leading distributo
Brazil’s Petrobras announces that new data obtained from drilling of well 4-SPS-86B (4-BRSA-971-SPS), which is testing the prospect known as Carcará, reinforces the importance of the good-quality oil discovery in block BM-S-8, located in ultradeep waters in the Santos Basin pre-salt region. It has b
Nido Petroleum Limited , in conjunction with SC 54A Joint Venture partners , has signed a Memorandum of Agreement with Viking Energy Holdings to develop three oil fields in SC 54A, offshore Philippines. The MOA is subject to negotiation and execution of a formal agreement between the parties. It out
British oil major BP announced today that it has received unsolicited indications of interest regarding the potential acquisition of its stake in TNK-BP. TNK-BP is a leading Russian oil company, owned equally by BP and Alfa Access Renova. The company was formed in 2003 as the result of the merger of
Fairstar Heavy Transport N.V. (FAIR) has taken delivery of the semi-submersible heavy transport, FORTE. The closing documentation has been completed to the satisfaction of Fairstar’s bankers, classification society and the Dutch Flag State. Fairstar has drawn down on the USD 247 million facility led
Statoil has awarded Maersk Drilling contract for chartering a completely new jack-up rig for the Dagny field on the Norwegian continental shelf (NCS). The jack-up rig will drill on the Dagny oil and gas field in the North Sea. Earlier this year Statoil and its partners chose a fixed processing platf
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expendit
International oil and gas giant Shell has chosen not to sign a major contract with Bond Offshore Helicopters, a UK company specialising in providing offshore helicopter transportation services between Aberdeen, Scotland and several North Sea oil platforms, BBC reports. Shell had been close to awardi
McDermott International, Inc. announced today that one of its subsidiaries has been awarded a fabrication contract for components of a deepwater platform in the Gulf of Mexico, by Heerema Marine Contractors Nederland BV. McDermott will construct 16 tendon buoyancy modules (“TBMs”) for the deepwater
Wessex Exploration PLC announces that following the purchase of approximately 1,000 kilometres of 2-D seismic data shot by TGS-Nopec in 2006 offshore Madagascar, Wessex has completed the reprocessing of the dataset, with particular emphasis on the shallow water area, which will allow a more accurate
Nido Petroleum Limited announces that Mr. Philip Byrne, Chief Executive Officer, has been appointed to the position of Managing Director with effect from 1 June 2012. Mr. Byrne joined Nido on 29 December 2011 as Chief Operating Officer, and was promoted to Chief Executive Officer on 20 January 2012.
