Wood Group PSN has been awarded a new five-year contract, with an option to extend for a further five years, from Talisman Energy (UK) Limited, a subsidiary of Talisman Energy Inc, to provide Operations and Maintenance Services on all 11 of Talisman’s UK offshore assets and at the Flotta Oil Termina
The KSB Group will deliver cryogenic butterfly valves for 20 liquefied gas tankers by the end of 2012. Each of the ships will be supplied with about 80 of these expensive special valves that are technically demanding to manufacture. Norwegian, Greek and Russian shipping companies are the contractors
The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that the Company, through its wholly owned subsidiary Malta Oil Pty Ltd, has now entered into a contract with Fugro-Geoteam Pty Ltd , who will undertake the
Technip was awarded by Lundin Petroleum a lump sum contract, worth approximately €100 million, for the Brynhild field development. This field, previously known as Nemo, is located in the Norwegian North Sea a few kilometers East of the boundary to UK waters at a water depth of around 80 meters. This
Hamworthy has secured a contract for the supply of regasification technology on board what are understood to be the world’s first newbuild Floating Storage and Regasification Units (FSRUs). Two 170,000m3 storage capacity vessels, owned by Hoegh LNG, are being built at the world’s largest shipbuilder
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Technip was awarded the options for a two-year extension of the Statoil PRS Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operation
The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets, announces that it has entered into a short term secured loan with affiliates of certain of substantial shareholders, namely affiliated investment funds of Och-Ziff Cap
On November 7th, the N-Sea Group BV and Subcom BV have signed a Letter of Intent in relation to the acquisition of Subcom BV by the N-Sea Group BV. Both parties seek to complete this mutually beneficial transaction by the end of this week. As of January 2012 Subcom BV will be integrated into the [&h
Scana Industrier ASA has through its subsidiary Scana Subsea Products AB, won a new order for production riser systems to a non-disclosed customer intended for a field development project in the North Sea. Initial value of the order is 18 MSEK with additional options of approx 10 MSEK. Production wi
Hamworthy, a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced that it has secured contracts worth approximately £40 million for the supply of Liquid Natural Gas (LNG) regasification and Liquid Petroleum Gas (LPG) cargo handling systems wi
AC drives manufacturer Vacon will deliver liquid-cooled AC drives with a total power of 2.7 MW for active heave-compensated winches onboard a Norwegian-built IMR ship. The delivery will take place in March 2012. Vacon and Norwegian winch manufacturer AXTech signed a contract for 17 liquid-cooled 690
Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences. Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhv
Nexans, a worldwide leading expert in the cable industry, has been awarded a 75 million euro contract by Statoil to design, manufacture and supply a total of 165 km of static and dynamic power umbilical and power cables, as well as necessary accessories, for the Åsgard oil and gas field in the Norwe
