Maldives Transport and Contracting Company (MTCC) has been awarded a contract to build a 300ft x 200ft Fainu harbor at the Raa Atoll, Maldives. The deal was signed yesterday by Mr. Ibrahim Abdul Razzaq, CEO of the MTCC and Dr. Mohamed Muizzu, Minister of Housing and Infrastructure. According to the
To accommodate the future needs of the rapidly growing Angola offshore oil and gas industry Fugro has opened its new facility in the SONILS Oil Service Centre in Luanda. Angola is now the second largest oil producer in Sub-Saharan Africa, after Nigeria. The official opening of the facility on 10 Jul
KBC Advanced Technologies plc has purchased FEESA Ltd, a UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of $17 million (£10 million) plus one million KBC shares, totalling $19.1 million (£11.2 million). The acquisition of FEESA ma
Brazil’s state-controlled oil company Petrobras has announced that the company’s June oil production in Brazil averaged 2,008 thousand barrels/day (bpd), up 1.7% from May’s production of 1,975 thousand bpd. Including the production operated by Petrobras for its partners in Brazil, the volume reached
Shareholders of Swissco Holdings Limited, a marine service provider for the offshore oil and gas industry, have approved the acquisition of Scott and English Energy Pte. Ltd. for approximately $230 million (S$285 million). Scott and English Energy is in the business of owning and leasing mobile offs
AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, has released a final update concerning the Oi-2 well. The company has reported that plug and abandonment operations for the Oi-1 and Oi-2 exploration wells have been completed. The Kan Tan IV drill rig was rele
Harris Pye Engineering and a subsidiary of Atwood Oceanics, Inc. recently forged another successful partnership by jointly executing a very challenging project off the coast of West Africa – the exact location, at anchorage in the Port of Limbe, Cameroon, for the Atwood Hunter. “The objective of thi
A nearly $17 million worth Manatee County beach renourishment project has been completed. Covering approximately 5 miles, the 2014 Anna Maria Island renourishment project was Manatee County most extensive project to date. Works on the project began in December 2013 and were completed in April 2014.
Halliburton has announced that income from continuing operations for the second quarter of 2014 was $776 million, or $0.91 per diluted share. This compares to income from continuing operations for the first quarter of 2014 of $623 million, or $0.73 per diluted share. Halliburton’s total revenue in t
McDermott International, Inc. has announced that one of its subsidiaries was awarded a contract to provide transportation and installation services to Walter Oil & Gas Corporation for the Megalodon platform destined for South Timbalier Block 311 in the Gulf of Mexico. The project is expected to be i
McDermott International, Inc. announced that one of its subsidiaries was awarded a contract to provide transportation and installation services to Walter Oil & Gas Corporation (“Walter”) for the Megalodon platform destined for South Timbalier Block 311 in the Gulf of Mexico. The project is expected
Ghana’s Parliament has ratified the petroleum agreement between the government of Ghana, Ghana National Petroleum Company (GNPC), A-Z Petroleum Products Ghana Limited and Eco Atlantic Oil and Gas Limited. The agreement is in respect of the Deepwater Cape Three Points West Block, which is approximate
Statoil resumed oil and gas production on the Njord A platform in the Norwegian Sea on 19 July, after a major reinforcement of the platform structure. Production has been shut down since last summer. Extensive analyses and inspections in 2013 revealed a need to reinforce the Njord A platform structu
With the help of the TSHD Bartolomeu Dias, the Middelkerke beach reclamation project (Belgium) has been completed by Jan De Nul Group. During the project, about 950,000 m³ of sand was reclaimed for the beach. The works started in mid April and ended in mid June. This project is part of the governmen
