India’s ONGC has signed Memorandum of Understanding (MOU) with Ministry of Petroleum & Natural Gas (MoPNG) for its Performance Evaluation Parameters & Targets for the year 2012-13. The MOU was signed on March 26, 2012 by Sudhir Vasudeva, CMD, ONGC and G.C.Chaturvedi, Secretary, P&NG at Delhi in the
Fairmount Marine’s tug Fairmount Summit had towed pipelay and heavy lift barge Acergy Polaris from Brazil to Gabon. The Acergy Polaris, owned by Subsea 7, is a multipurpose barge for pipely and heavy lift activities in deepwater fields. The barge, equipped with pipelay tower, heavy lift crane and ac
Last Saturday, on March 24th, a naming ceremony for Olympic Shipping’s new Platform Supply Vessel took place in Ålesund. The naming of the vessel, now called Olympic Energy, was performed by Godmother Marianne Synnes. After the ceremony, the ship was open to the public and about 1500 people used the
Tap Oil Limited provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. The Tallaganda-1 well is located within permit WA-351-P of the Carnarvon Basin, Western Australia. The well is being drilled in 1,141 metres of water and
Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply a further two drilling equipment packages to the ‘Category D’ drilling rigs the yard is building for the rig operator Songa Offshore. Contract value is undisclosed. The development of the Ca
Red Spider, the Remote Open Close Technology (ROCT) specialist delivering multi-million pound savings and reduced risk to the oil & gas industry, has completed its first work in West Africa and secured additional contracts in the region. The success follows Red Spider’s recent announcement of the ap
McMoRan Exploration Co. announced yesterday continuing progress to flow test the Davy Jones No. 1 well on South Marsh Island Block 230. As previously reported, McMoRan saw positive pressure response from the Wilcox “D” sand which was perforated on March 24, 2012. On March 26, 2012, McMoRan attempted
Pacific Rubiales Energy Corp. acting through its wholly owned subsidiary Pacific Stratus Energy Colombia Corp. (“PSE”), announced today the signing of a natural gas/ LNG Liquefaction, Regasification, Storage and Loading Services Agreement with Belgium based EXMAR NV (“EXMAR”). The Agreement calls fo
A Malaysian oil and gas company PETRONAS has signed a Heads of Agreement (HOA) with Total of France to jointly study the development and production potential of K5, a high carbon dioxide gas field offshore Sarawak. Under the HOA, PETRONAS’ newly established upstream research unit Exploration and Pro
Kvaerner has signed a contract with Statoil for dismantling and recycling of redundant offshore installations. The contract is for dismantling of the jacket and adjacent bridge foundation belonging to the previously removed Ekofisk 2/4-S platform. The jacket has a total weight of 9000 tonnes and the
Norway’s oil giant, Statoil has awarded Sevan Marine a study of the potential application of a Sevan FPSO for Statoil’s Skrugard/ Havis development in the Norwegian Barents Sea. The study will be performed in the period from April 2012 to May 2013 and will be focused on further development of the Se
North Atlantic Drilling Ltd, a leading offshore harsh environment drilling company, 77 pct owned by Seadrill, has, via Private Placement, successfully placed 150,000,000 new ordinary shares at US$ 2.00 per share, raising gross proceeds of US$300 million. The private placement was directed towards No
Miclyn Express Offshore’s subsidiary, Express Offshore Solutions (“EOS”), has secured further project and pipe transportation contracts totalling US$14.1 m in revenue. These contracts involve both direct and transhipment transportation of pipes from fabrication yards to installation vessels using ca
Roc Oil (GB) Limited, a wholly owned subsidiary of ROC, advises that production from the Enoch oil and gas field (ROC: 12% interest), located in the North Sea, is anticipated to be offline for the remainder of 2012 due to mechanical issues related to subsea equipment. ROC is awaiting advice from the
