Rowan Companies, Inc. announced today that it has entered into a Share Purchase Agreement with Skeie Technology AS, Skeie Tech Invest AS and Wideluck Enterprises Limited and has obtained irrevocable commitments from Skeie Holding AS and Trafalgar AS (collectively, the “Sellers”) enabling Rowan to pu
Subsea 7 Inc can confirm today that the US $75m North Sea pipeline bundle contract award it announced on 26th April 2010 was for Apache North Sea Ltd’s Bacchus Subsea Development Project in the UK sector of the North Sea. The Subsea 7 work scope is to engineer, procure, fabricate, install and commis
Statoil is entering into frame agreements for insulation, scaffolding and surface treatment worth a total of NOK 12 billion, options included. The agreements relate to platforms, production vessels and land-based plants in Norway, as well as the Kalundborg refinery in Denmark. The agreements also ap
AWE Limited reports that at 0600 hours today (Indonesian time) the Liyun-1 well is at a measured depth of 1,162 metres and is currently testing underbalanced drilling equipment prior to running in hole and drilling ahead. Progress for the week was 671 metres. Liyun-1 is an exploration well in the Bu
Wood Group, the international energy services company, issues the following pre-close trading update for the six months to 30 June 2010. Overall performance for the Group for the year to date is in line with expectations. Engineering has performed as expected and bidding volumes have improved, givin
Planned Investment Expects to Provide Severely Needed Offshore Oil and Gas Training and Create New Jobs in the Houston, Texas Area. The principle partners at Offshore Tech Academy LLC, (“OTA”) announced their intended designs to build a sizeable training campus which will encompass a multi-disciplin
APL, a division of BW Offshore, has signed a contract with ENI Norge AS for the supply of a complete offloading system. The system will be installed on the Goliat FPSO, which will operate in the Arctic waters of the Norwegian Continental Shelf. The offloading system is based on the Stern Discharge S
In reference to the announcement made on May 3, 2010, Sevan Marine ASA, on behalf of its wholly owned subsidiaries, and E.ON Ruhrgas UK E&P Limited, as operator on behalf of the Huntington owners, have agreed to extend the Exclusivity Period from June 30, 2010, to August 16, 2010, to allow for the c
Technip has been awarded by BP two significant contracts, with a combined total value in the region of £100 million (€120 million). The first award, a three year diving repair & maintenance (R&M) frame agreement contract with two further one year options, covers all diving and R&M activities for BP’
Cairn announced that it has commenced drilling operations on the Alpha prospect (Alpha-1) in the Sigguk Block, approximately 175 kilometres offshore Disko Island, west Greenland. The Stena Don, a fifth generation semi submersible and the Stena Forth, a sixth generation drillship, are to carry out th
AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 well was drilling ahead at a measured depth of 1,350 metres. The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field. Kahu-1 will test the Kapuni group sands with
Representatives from Vietnam and Venezuela’s oil and gas industries officially signed a contract in capital Caracas on June 29 to found the PetroMacareo joint-venture in plot Junin 2 in the Orinoco belt, Venezuela. The ceremony was witnessed by Vietnamese Deputy Prime Minister Hoang Trung Hai and ma
Acteon completed its previously announced acquisition of IOS Holding AS and its subsidiary IOS Offshore AS from Norse Cutting & Abandonment AS. Established in 1986, IOS Offshore is a leading supplier of mooring equipment and services to the Norwegian offshore oil and gas industry. The company has it
Statoil has awarded Aker Solutions a significant part of the frame agreement for inspection services on all of their offshore installations and onshore plants in Norway. The contract period is for four years with options for further extensions up to four years. The yearly volume of the contract will
