Government of Sri Lanka has identified Colombo Port Expansion Project (CPEP) to cater to the increasing demands of services in the international shipping industry. The project consists of two phases such as construction of breakwaters, dredging for new harbour basin and navigation channel and rerout
Statoil has received consent from Petroleum Safety Authority Norway (PSA) to use Deepsea Atlantic semi-submersible drilling rig for permanent plugging of well 34/10-52A/B at Gullfaks Sør. Gullfaks Sør lies in blocks 34/10 and 33/12 in the northern part of the North Sea. The field has been developed
Nalcor has signed a multi-client license agreement with Electromagnetic Geoservices ASA (EMGS) for regional 3D Electromagnetic (EM) Survey data over frontier areas of Newfoundland’s offshore. The BOA Galatea, the vessel that will carry out the survey, is in the Port of St. John’s preparing to commen
Nalcor has signed a multi-client license agreement with Electromagnetic Geoservices ASA (EMGS) for regional 3D Electromagnetic (EM) Survey data over frontier areas of Newfoundland’s offshore. The Boa Galatea, the vessel that will carry out the survey, is in the Port of St. John’s preparing to start
Rosneft, a leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company, has published interim consolidated financial statements for 2Q14. In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful
IHC Hytech, part of Royal IHC, has secured an order for two innovative containerised air-dive spreads from Bluestream, an offshore and subsea company that operates in the oil and gas, and renewable energy sectors. These high-quality systems consist of a containerised 1,800mm decompression chamber wi
Gulf Island Fabrication, Inc. have signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. Gulf Island’s fabrication experience, infrastructure, and skilled labor along with Becht
On July 22 in Havana, Capital of Cuba, CNPC and CUPET, cuban state oil company, signed a framework agreement on increasing crude output and production sharing, and a cooperation agreement on drilling services. The contract was signed in the presence of Chinese President Xi Jinping and Cuban Presiden
With the signing of the Water Resources Reform and Development Act of 2014 earlier this year, many people expected construction of the Savannah Harbor Expansion Project (SHEP) to start immediately. However, several actions need to take place before construction can occur. “Environmental monitoring r
Atlantis, owner of the world’s largest planned tidal current energy project, MeyGen, and tidal energy equipment supplier, announces that it has signed a turbine supply agreement with Andritz Hydro Hammerfest to supply three 1.5 megawatt tidal power turbines for Phase 1A of the MeyGen project in the
The Province of British Columbia and the National Energy Administration of the People’s Republic of China signed a Memorandum of Understanding (MOU) on Thursday to strengthen energy trade and investment. “The continued growth of our economies depends on foresight and partnership,” said Premier Chris
Statoil has delivered results for the second quarter 2014. Net operating income was $5.16 billion (NOK 32.0 billion), a decrease of approximately $371 million (NOK 2.3 billion) compared to the second quarter of 2013 adjusted earnings were $5.21 billion (NOK 32.3 billion). “Statoil delivered solid op
Archer Limited has announced that Statoil Brasil Oleo e Gas Ltda., has exercised the first of two options to extend its contract with Archer for the provision of Platform Drilling Management Services on their Peregrino Field Development. The original contract was for a fixed four-year term starting
Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway AS has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop decision by 23 July 2014. Following the assessment of resul
