The floating production unit Maersk Peregrino is in position and ready to work in the booming Brazilian offshore market. The transformation is the pinnacle of a comprehensive process and succeeded only due to excellent partnership and teamwork. The Maersk Peregrino, which comes with a price tag on t
DOF Subsea AS’s subsidiary, the Aberdeen-based specialist subsea service company DOF Subsea UK has been awarded multiple contracts with Saipem. The first award is for the design and provision of 35 Subsea Transponder Frames for installation in the Kizomba Field, Angola. The second award is with Saip
Lundin Petroleum AB announces the details of its USD 540 million development and exploration budget for 2011. The budget represents a 38 percent increase on the forecast 2010 capital expenditure. The development budget for 2011 is USD 240 million with a major focus on development activities in Norwa
Reference is made to the press release sent out by Songa Offshore SE (the “Company”) on 24 March 2010 regarding the investment of 31,25% of the shares in Deepwater Driller Ltd (“Deepwater Driller”). Deepwater Driller owns the “Songa Eclipse”, a 6th generation Friede & Goldman ExD ultra-deepwater sem
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with China National Offshore Oil Corporation ( CNOOC ) for the manufacture and supply of subsea production equipment for the Liuhua 4-1 development project. The award has a value of approximately $85 million in revenu
Atwood Oceanics., a Houston-based international drilling contractor , today announced names for its three high-specification Pacific Class 400 jack-up rigs being constructed at PPL Shipyard PTE LTD in Singapore. The Atwood Mako, Atwood Manta and Atwood Orca are scheduled for delivery on September 30
OGX Petroleo e Gas Participacoes S.A. , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the presence of hydrocarbons in the Albian section of well 1OGX28DRJS, which is located in the BMC41 block, in the shallow waters o
Cameron has received an order for the supply of subsea production systems for a deepwater and offshore gas processing and pipeline project in the South China Sea. The project will include subsea equipment, as well as an agreement to provide additional services across the life of the field. Deliverie
Erik Haugane, CFO og Det norske, has been awarded one of the oil industry’s highest awards, the NPF award. The award is a recognition of the effort made, and a stimulus for further work. The jury’s arguments for giving Haugane the price is that he is “one of few leaders of a Norwegian oil company [&
Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR). The parties addressed the results of cooperation in 2010. Gazprom and SOCAR agreed that the jo
McDermott International, Inc. , announced today that its subsea construction vessel “Agile” has been contracted by Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000 meters of water offshore Brazil. The company will also provide subsea installation engineering for the durat
Aker Drilling ASA is contemplating the issue of up to NOK 1,500 million in a new senior, unsecured bond in the Norwegian bond market with maturity in February 2016. The proceeds will be used to refinance the outstanding bond issue AKD02 with ISIN NO001057171.4, repay existing subordinated loans to A
Rolls-Royce, the global power systems company, today announced an order from Singapore-based offshore company, PaxOcean, to provide the ship design, propulsion systems and deck machinery for two platform supply vessels. The order is worth over £12 million to Rolls-Royce with additional options to co
Halliburton announced today that income from continuing operations for the fourth quarter of 2010 was $625 million, or $0.68 per diluted share, compared to $485 million, or $0.53 per diluted share, in the third quarter. Net income for the fourth quarter of 2010 was $605 million, or $0.66 per diluted
