Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totaling EUR 50 million for financing the acquisition of Aker Solution’s mooring and loading systems unit finalised at the end of January 2014. The division employs about 370 people in Europe, Asia and the Ameri
The Kenan Advantage Group’s (KAG), Merchant Gas Group said that its subsidiary, Jack B. Kelley, has completed a transportation agreement with Shell to deliver liquefied natural gas to its LNG fuelling lanes in the U.S. KAG is North America’s largest tank truck transporter and logistics provider. The
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
Statoil has completed the farm-down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestment that was
Overcoming the rough sea state, BGP Challenger successfully completed a 2D survey for Spectrum offshore Namibia with 123km average daily production and zero downtime. Howard Nicholls, Geophysical Advisor of Spectrum, said: “Thank you from me for a job well done. The data is already looking very good
ABS said it has been awarded the classification contract from Petronas of Malaysia for the company’s second floating LNG facility (PFLNG 2). The vessel will be built at the Samsung Heavy Industries yard in Geoje, Korea. ABS has a long history working with floating gas concepts, classing the first of
AWE Limited reports that, based on the significant additional work required to mitigate the mechanical difficulties and drill the two sidetracks at Pateke-4H development well, gross pre-completion well costs have increased. The well costs have increased beyond the pre-drilling estimate of USD 55 mil
Noble Energy announced the execution of a non-binding Letter of Intent (LOI) between the Tamar field partners and Union Fenosa Gas (UFG) for the supply of natural gas from Tamar, offshore Israel, to UFG’s existing natural gas liquefaction facilities in Egypt. The LOI contemplates a contract term of
IEV Holdings Limited has announced that its 49% owned associate,IEV Malaysia has completed the decommissioning and towage of an FPSO from offshore Terengganu in Malaysia. The Group executed the project together with EMAS-AMC Pte Ltd, a leading global offshore service provider for the execution of th
CAMAC Energy Inc. announced today that the Energy Searcher drillship, owned by Northern Offshore Ltd., has arrived in Nigeria. After taking on personnel, equipment and supplies, the rig will move to the Oyo Field, where it is expected to commence drilling operations on the Oyo-8 well in mid-May. The
IKM Mooring Services entered into a contract with RWE Dea Norge AS for mooring services for mobile drilling units used by RWE Dea Norge AS on the Norwegian Continental Shelf. The scope of work under the contract include: mooring analysis, rig move/mooring procedures, mooring equipment rental, assist
KrisEnergy Ltd, an independent upstream oil and gas company, announced that Neon Energy will be required to withdraw from the Tanjung Aru production sharing contract, offshore Kalimantan in Indonesia. Under the PSC’s joint operating agreement (“JOA”) KrisEnergy and Neon Energy entered into a deed of
Ceona has completed final outfitting of the Polar Onyx and the Normand Pacific to begin Clients’ Projects in Brazil and the Gulf of Mexico respectively. The successful delivery of the two flexlay and subsea construction vessels marks the conclusion of the first phase of Ceona’s fleet development pro
Ceona has completed final outfitting of the Polar Onyx and the Normand Pacific to begin Clients’ Projects in Brazil and the Gulf of Mexico respectively. The successful delivery of the two flexlay and subsea construction vessels marks the conclusion of the first phase of Ceona’s fleet development pro
