Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted in the installation of the floating production storage and offloading unit (FPSO) Usan, offshore Nigeria. For this operation Fairmount was contracted by Saipem Energies, which needed a 200 ton bollard pull tug for this job.
Yesterday in Caracas (Venezuela) Gazprom and state-owned Petroleos de Venezuela S.A. (PDVSA) signed a Memorandum of Understanding in the presence of Igor Sechin, Deputy Prime Minister of the Russian Federation. The Memorandum stipulates possible creation of a joint venture to develop the Robalo gas
The first vessel of four, of a Havyard 841-design, was recently delivered from the Indian shipyard Bharati to the Shipping Corporation of India (SCI). «SCI-Panna» is the first vessel of a Havyard design that this shipyard has constructed and it is also the first supply vessel of a Havyard design tha
Cameron announced that it has signed an agreement with Det Norske for the supply of subsea production systems for the Jette development located in blocks 25/7 and 25/8 in the Norwegian sector of the North Sea. The scope of supply for this fast track development includes wellheads, trees, flow bases,
Russia agreed to lend Venezuela $4 billion through 2013 for defense spending in return for gaining access to heavy crude and offshore gas… By Daniel Cancel Bloomberg [mappress] Source: Bloomberg, October 11, 2011;
Dragon Oil plc, an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with a wholly owned subsidiary of Cooper Energy Limited through which Dragon Oil is to earn a 55% participating interest in and, in any development phase, as
The Norwegian Petroleum Directorate’s (NPD’s) Resource Report will be published on Wednesday, 12 October at 09:30. The report will be presented by Director General Bente Nyland in the NPD’s offices (new building – extension to old building) at Ullandhaug in Stavanger. The presentation will also be s
The four-decade clash between Turkey and Cyprus has moved offshore, drawing warships into an area where some of the past decade’s biggest… Reported by Emre Peker and Stelios Orphanides (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
China will extend a value-based tax on oil and natural gas sales to the entire nation starting next month to help conserve energy use in the… Reported by: Winnie Zhu, Jing Yang (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
An Iranian research vessel has started exploration of the Caspian Sea’s southern shelf, national media reported on Monday… RIA NOVOSTI [mappress] Source: RIA NOVOSTI, October 11, 2011;
The well #2428 drilled from the platform #2415 at Oil Rocks field has been commissioned recently. It was drilled by Oil Rocks Offshore Exploration Drilling Office of Complex Drilling Works Trust. The daily production of the well drilled to Balakhany Suite makes 16 tons of oil from 1740-1728 meters i
The U.S. risks a repeat of the 2010 Macondo oil spill as its “wildcat culture” fails to put a premium on safety and security, the … Reported by: Ayesha Daya (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
On October 9 in Beijing, CNPC and China International Trust and Investment Corporation (CITIC) signed a strategic cooperation memorandum and a framework agreement on overall oil and gas cooperation in Kazakhstan. CNPC President Jiang Jiemin and CITIC Chairman Chang Zhenming had a friendly discussion
Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of São Paulo. The area is strategicall
