Total has increased its stake in Novatek by finalizing the acquisition of an additional 2% interest in the Russian company for around 800 million dollars. Following this transaction, Total owns a 14.09% of share capital in Novatek. This transaction effective as of yesterday was finalized through the
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
Hamburg’s Department of State for Economic Affairs reported that the EC has approved deepening of the River Elbe. The approval for the project is expected to be granted by the following spring. Hamburg’s government will still have to contemplate particular project related points with its neighboring
Oceaneering International, Inc. announced that one of its wholly owned subsidiaries, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority. Mechanica, headquartered in Stavanger, Norway, is a des
Nautronix have been awarded an order worth around $4m from a well known American BOP supplier to supply their NASeBOP (Nautronix Emergency BOP Acoustic Control System) to be used on the four new ultra-deepwater drillships for Noble Corporation. This order comes just after their recent success in sec
Blue Offshore, a specialist subsea construction contractor, have announced that they have reached agreement to use the former Swan Hunter shipyard facilities at Wallsend, Newcastle-upon-Tyne (UK), for assembly and construction of their cable installation system. Blue Offshore will operate the facili
Estonian Port of Tallinn and Elering signed cooperation agreement to begin preliminary studies for a LNG terminal at Muuga port. The companies aim to conduct environmental impact assessments and to develop a feasibility study for the regional LNG terminal, Port of Talinn said in a statement. Port of
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of friction-grip wellhead engineering, announces that it has entered into a licensing, manufacturing, distribution, and agency agreement with Breda Energia S.p.A, a provider of
TGS announces that it has signed a letter of award with Dolphin Geophysical to charter the 12 streamer new build vessel, M/V Polar Duchess, for 3D multi-client projects in Europe during the 2012 summer season. The charter is expected to begin during first half of April and will last for approximatel
Höegh LNG Holdings Ltd. has entered into an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to initiate a project specific front-end engineering design (FEED) of an LNG FPSO solution for the Tamar gas field offshore Israel. This agreement follows the recent announcement of the agr
Canadian Overseas Petroleum Limited, an oil and gas exploration company focused in the UK North Sea, and the offshore Liberian continental margin, announces that drill-stem testing has successfully completed in the Esperanza discovery in Block 22/15 of the UK North Sea. The 22/15-4 well, operated by
Subsea 7, through its i-Tech division, announces the award by Statoil ASA for the provision of ROV services onboard China Oilfield Services Ltd (COSL)’s new build Innovator and Promoter rigs currently under construction in China. i-Tech’s workscope includes the provision of two new build Centurion Q
Athens-based Maran Gas Maritime has agreed to exercise options held with South Korea’s Hyundai Heavy Industries for two LNG Tankers, according to media reports. The LNG tankers are worth $200m each and HHI will deliver the two tankers in December 2014 and April 2015. The Company declined to comment
Norwegian based NorWind Installer contracted the ULSTEIN Dutch design offices Ulstein Sea of Solutions and Ulstein IDEA Equipment Solutions as their design partners for a new foundation installation vessel for the offshore wind industry. The vessel is a customized version of the Deepwater Enabler de
