GE and Eike Batista, the founder of the EBX Group (“EBX”) of Brazil, announced that they have signed a strategic investment agreement. Under the terms of the agreement, GE will make a US$300 million primary investment in exchange for a 0.8% preferred equity interest in Centennial Asset Brazilian Equ
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
Dutch-based specialist in design and construction activities for the specialist maritime sector sets up a regional office in North America.
Norway’s Fred. Olsen Production ASA has announced that a letter of intent (LOI) for an FPSO charter contract, in which the company entered with Petrovietnam in December 2011, has expired. Under the LOI, Fred. Olsen Production and Marubeni of Japan were supposed to be awarded contracts for the constr
Repsol Sinopec Brasil estimates that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of light oil and 3 trillion cubic feet (Tcf) of gas, the company has announced. The announcement confirms the fact that the Brazilian offshore is one of the areas wi
China’s oil and gas exploration and production company, CNOOC, today announced it has made a new discovery Luda(LD)21-2 in Bohai sea, offshore China. LD 21-2 is situated in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 20 meters. The discovery well
Shell Bidco, a subsidiary of Shell, which has been competing with Thailand’s PTTEP over Cove Energy acquisition announced today that it was aware of PTTEP’s yesterday’s increased takeover bid of $1.9 billion. Shell’s previous $1.8 billion bid to acquire all issued or to be issued shares of UK-based
For the second year in a row Bluestream has been awarded the yearly inspection, repair and maintenance program of 21 platforms and 10 subsea domes in the Dutch sector of Total E&P Nederland B.V.. This yearly campaign consists of 3 major phases. All work will be conducted from DSV VOS Shelter. The VO
Cairn Energy India Pty Ltd., the Operator of the Offshore Ravva block located off the east coast of India has announced that two of its platforms in the field need blasting and painting. The company has called experienced contractors to file their Expression Of Interests for the job that is expected
The Norwegian Ministry of Petroleum and Energy has approved the asset transaction between Rocksoruce and Valiant Petroleum (Valiant). The asset transaction, announced in March, includes sale of a 13 per cent interest in the Norvarg discovery, leaving a 7 per cent interest with Rocksource, and an ave
Rocksource, a Norwegian oil and gas company focused on exploration has announced that the partnership in PL 506S, BS and CS on the Norwegian Continental Shelf has decided to drill an exploration well in the first half of 2013. The well will test a high risk / high potential prospect in the Stord bas
Sonardyne International Ltd has received an order for 6G acoustic positioning equipment worth £1m from Forum Energy Technologies, Inc’s equipment rental business, DPS Offshore. The is the second order placed by DPS Offshore in as many months for Sonardyne’s sixth generation hardware platform and inc
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), has provided a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Bar
Awilco Drilling PLC, a UK-based drilling contractor, has signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilHunter semi submersible rig for work related to Hess’ 2013 and 2014 abandonment program in the Central North Sea. The firm contract duration is 400 days with a contract v
