Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas
Oceana, the largest ocean conservation organisation, has explored a number of undersea mountains in the Atlantic and Mediterranean using the small, deep-swimming Falcon DR ROV. They recorded many species and habitats needing protection and conservation with the 1000 metre-rated Saab Seaeye ROV – fro
Gazprom Geologorazvedka and Schlumberger Russia and Central Asia (RCA) signed a technology cooperation framework agreement under the chairmanship of Vsevolod Cherepanov, member of the management committee, head of the Gas, Gas Condensate and Oil Production Department, Gazprom. The agreement was sign
Electromagnetic Geoservices ASA (EMGS) today signed a three-year global frame agreement with Shell International Exploration & Production B.V. (Shell) for the provision of 3D electromagnetic (EM) services. Roar Bekker, EMGS chief executive officer, commented: “We are pleased to enter into this agree
Statoil announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogene. When deepening the well to the second target, a separate and
Statoil and the partners in the Dagny field in the North Sea submitted the Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy. The development concept consists of a fixed platform to be tied in to the Sleipner field for gas export. The oil will be transported by tankers
On December 19, the Qiuyuling-Dachan Island Section of Guangdong-Shenzhen Branch and Hong Kong Branch of the Second West-East Gas Pipeline were successfully put into operation on the same day, ready to deliver natural gas to Hong Kong. Running from Qiuyuling Distribution Pigging Station to Dachan Is
The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG Project. The contract is valued at NOK 500 million (USD 87 million). The scope of work includes the delivery of 6″-18″ horizonta
NOAA ocean explorers used an advanced multibeam sonar mapping system on NOAA Ship Okeanos Explorer last month to discover and map the first deepwater gas seeps found off the U.S. Atlantic Coast north of Cape Hatteras. The seeps were found at water depths greater than 1,000 meters (3,300 feet). Based
Alcatel-Lucent is to upgrade the MAYA-1 submarine cable system – which spans 4,400km distance in a collapsed ring from Hollywood, Florida, US, to Tolu in Colombia – quadrupling the activated data capacity to address growing demand for bandwidth-intensive services, as well as position the Caribbean a
Oceaneering International, Inc. announced that it has secured a contract from Esso Exploration Angola (Block 15) Limited, a subsidiary of ExxonMobil Corporation, to supply umbilicals for the Kizomba Satellites Phase 2 development located offshore Angola, West Africa. The order is for electro-hydraul
IEV Holdings Limited (the “Company”, and together with its subsidiaries, “IEV” or the “Group”) wishes to announce that, on 16 December 2012, its 49% owned associate, IEV (Malaysia) Sdn. Bhd. (“IEV Malaysia”) received a Letter of Award (“LOA”) for a major transportation and installation project (the
Halul Island is set to receive a maximum of 200 megawatts electricity from Ras Laffan through a subsea cable project which will cost more than QR1.6bn, Gulf Times reports. The cable project will consist of two subsea cables of 100 MW each, which will link Halul, situated 100km northeast of Doha, wit
BP today announced that it has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash. Subject to regulatory, CNOOC and third party approvals, BP expects the deal to close in the sec
