Seadrill has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million. Seadrill expects to record a gain on the sale in excess of US$50 million on closing. Closing of the agreement and the transfer of owner
All three sections of the first of Nord Stream’s twin 1,224 kilometre natural gas pipelines have now been joined together underwater by hyperbaric tie-ins. The completed pipeline through the Baltic Sea will now be prepared for connection to the landfalls in Russia and Germany later in the summer. Th
Miclyn Express Offshore Limited (“MIO”) announces the formation of a new business, Express Offshore Solutions (“EOS”) that will service the project and pipe transportation segment in Asia, Middle East and Australia. This segment presents an attractive extension of MIO’s existing business activities,
Alexey Miller, Chairman of the Gazprom Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP) held a working meeting as part of the St. Petersburg International Economic Forum 2011. The parties considered the global energy market trends in Europe and Asia paying spec
INPEX CORPORATION (“INPEX”) announces that through its wholly owned subsidiary, INPEX South Makassar, Ltd. the final investment decision was made for the Ruby gas field in the Sebuku Block (the “Block”). Upon this decision, development activities will start towards the commencement of gas production
Sikorsky Aircraft Corp. announced today at the Paris Air Show that China Southern Airlines Company’s Zhuhai Helicopter Branch has contracted for a S-76C++™ and two S-92® helicopters to support the company’s offshore oil customers operating in the South China Sea. Sikorsky is a subsidiary of United T
BP today announced that it has reached agreement with Weatherford U.S., L.P. (“Weatherford”) to settle potential claims between the companies related to the Deepwater Horizon accident. BP and Weatherford have agreed to mutual releases of potential claims against each other, and BP has agreed to inde
OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, today announced the conclusion of drilling at the horizontal well OGX-9-44HP-RJS (“Waikiki Horizontal”) and through a drill-stem test (DST), the identif
ULSTEIN’s new company exhibition, ULSTEIN EXPO, opened its doors to the public on Friday 17 June. The opening was a success, with hundreds of visitors during Friday night and Saturday. Additionally, several groups have already booked guided tours of the exhibition in the coming months. “We are very
Dresser-Rand Group Inc. and Statoil announced today that they have launched a joint research and development project based on Dresser-Rand’s Integrated Compression System (ICS). The ICS is an advanced technology platform that uses high-efficiency DATUM centrifugal compressor technology driven by a h
Saipem has been awarded new offshore and onshore drilling contracts worth $ 600 million. Saipem has been awarded the contract by Eni to extend the charter of the Saipem 10000 drillship for the duration of 24 months, starting from August 2012. Saipem 10000 is an ultra deepwater drillship, capable of
Chairman Board of Investment (BOI) Saleem H. Mandviwalla has stated that Pakistan could benefit by the expertise of ENI to optimize the … Copyright PPI (Pakistan Press International), 2011 [mappress] Source:Businessrecorder , June 20, 2011;
Catalist-listed ES Group (Holdings) Limited announced today that its wholly-owned subsidiary, ES Offshore Engineering Pte. Ltd., has been awarded a new contract to construct two jack-up blocks for a major Singapore shipyard. This project comes on the back of numerous similar construction contracts a
Statoil today announces discoveries in both side tracks on the Peregrino South well, immediately adjacent to the newly opened Peregrino field offshore Brazil. The estimates of recoverable volumes in Peregrino South are between 150 – 300 million boe. This discovery brings a phase two development of t
