FMC Technologies, Inc. has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The contract has a value of approximately $70 million in revenue to FMC. FMC’s scope of supply includes one subsea production tree, one ma
International oilfield services company Expro has won the Offshore Achievement Innovator Award in recognition of its ground breaking AX-S subsea well intervention technology. The Innovator Award, which was presented at a ceremony in Aberdeen on Thursday (15 March), recognises excellence in innovativ
Petro Viking Energy Inc. has entered into a Letter of Intent (“LOI”) with Grisham Assets Corp. (“Grisham”) dated March 19, 2012 to acquire 100% of the issued and outstanding shares in the capital of Grisham. Grisham is a private company incorporated under the laws of the British Virgin Islands whose
Kairiki Energy has provided an update on progress of its SC 54A farmin negotiations announced on 11th July 2011. The company and selected farminee party (“Party”) have signed a Letter Agreement that outlines the agreed commercial terms of a farmin and is subject to a number of conditions. The transa
GL Noble Denton, an independent technical advisor to the oil and gas industry, has been awarded a four-year enterprise framework agreement (EFA) to provide inspection services for Shell’s extensive global portfolio of projects in select locations. GL Noble Denton’s network of highly qualified inspec
Brazil’s state controlled oil company, Petrobras, reports another discovery in the pre-salt layer of Santos basin, offshore Brazil. The company announces that it has discovered a new accumulation of good quality oil in the area BM-S-8 ,informally known as Caracara, situated some 232 km off the coast
Transocean, one of the largest drilling contractors in the world recently announced that its drillship, Deepwater Expedition, was awarded a two-year contract with an undisclosed customer commencing December 2012. The initial dayrate of the contract is $650,000 ($475 million contract backlog). Additi
Valiant Petroleum plc has entered into an Asset Purchase Agreement with Rocksource ASA (“Rocksource”) to take stakes in substantially all of Rocksource’s licenses on the Norwegian Continental Shelf (“NCS”) for a total post-tax effect consideration of NOK 104 million (18.13 million U.S. dollars) The
“Above all, the reasons for this substantial improvement in earnings are the high level of crude oil and gas prices, as well as the increase in our production,” explained Chief Executive Officer Thomas Rappuhn
Range Resources Limited announces that it has entered into an Agreement with the Puntland Government with respect to obtaining a 100% working interest in the highly prospective Nugaal Basin Offshore Block . The Block is an extension of the onshore Nugaal Region which has the potential for deltaic de
Ensco plc once again received the first place ranking for total customer satisfaction among offshore drillers in the 2011 Oilfield Products & Services Customer Satisfaction Survey. Conducted by EnergyPoint Research, the annual survey is the industry benchmark for customer satisfaction in the global
As per the instructions by the Vietnamese government controlled PetroVietnam, PTSC G&S has been assigned to provide the 2D seismic services to all the clients in Vietnam using the 2D seismic vessel Binh Minh 02. In 2011, PTSC G&S has carried out three 2D seismic surveys for PVN, PVEP POC and Idemits
Norway’s Island Offshore reports that Halliburton has chartered the Company’s Island Captain as a well stimulation vessel on a 2 months firm contract. The vessel will be operating on the Clipper South field in the Southern North Sea. The Island Captain is with this joining Island Commander and Islan
The Shipping Corporation of India Ltd. (SCI) yesterday took delivery of a 80 T BP Anchor Handling, Towing & Supply vessel “M.V. SCI Mukta”. SCI had signed contracts for acquisition of four newbuilding 80 T BP Anchor Handling, Towing & Supply vessels with Bharati Shipyard Limited, India. The first tw
