Wärtsilä has been contracted to supply the engineering and equipment for a new power plant under construction in Indonesia. The project is being handled on a fast-track basis, and the plant is scheduled to be handed over and in full operation in March 2015. The contract was signed in the third quart
It’s the moment of truth for the world’s first floating liquefied natural gas facility in Geoje, South Korea. After months of construction the Prelude team faces its greatest challenge yet. The two giant sections of the hull are complete; now they must join together. It’s an operation that has been
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf (“UKCS”) announces an update covering arrangements with Norwegian Energy Company UK Limited (“Noreco”). Proposed Arrangements and Revised Equity Interests Trapoil has been informed
Adira Energy Ltd. announces that it has received an extension from the Ministry of Energy and Water of the State of Israel for its work programs on the Yitzhak and Gabriella licenses, offshore Israel. The extended work program for the Yitzhak license requires the Company, and the other participants
The EMGS West Africa Letter of Intent which was referred to in the stock exchange release of 13 September 2013 has resulted in a signed contract. Electromagnetic Geoservices ASA (EMGS) has today exchanged a contract worth USD 8 million with Maersk Oil Angola. It is expected that the 3D electromagnet
Wison Offshore & Marine Ltd. (Wison Offshore & Marine) announced today the commencement of the construction of key modularized components for the Petroleos De Venezuela, S.A. (PDVSA) RPLC refinery project at Wison Offshore & Marine’s Zhoushan Fabrication Yard (The Zhoushan Yard). This project marks
Australian energy company WHL Energy Limited announces that is has received initial approval from the Seychelles regulatory authority PetroSeychelles regarding an extension to the existing Amended and Restated Petroleum Agreement (ARPA) over the Company’s Seychelles exploration interests. The extens
Gondan Shipyard announced that yesterday, 17 October, the Edda Ferd PSV departed for Gijon port to carry out sea trials. The Edda Ferd (hull C-444) Platform Supply Vessel (PSV) features a new propulsion concept including diesel generator sets with variable rpm developed together with Siemens’ BlueDr
Petrobras announces it has completed a formation test on well 3-BRSA-1178D-SES (3-SES-176D), informally known as Farfan 1, the first to evaluate the production capacity of the accumulation located in the BM-SEAL-11concession area, block SEAL-M-426, in the ultra-deep waters of the Sergipe-Alagoas Bas
CNOOC Limited announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters. This oil field has 3 producing wells and is expe
Awilco LNG of Norway said that the 125,000 cubic meters, 1983 built steam turbine powered WilEnergy has been committed to a 9 month contract, with a 3 month option in charterer’s favor. The annualized EBITDA contribution for the vessel is expected to be approximately MUSD 7.3. The contract is expect
The Board of Directors of COSCO Corporation (Singapore) Limited refers to its announcement on 22 July 2010 in relation to the turn-key EPC (Engineering, Procurement and Construction) contract worth more than US$500 million secured by the Company’s subsidiary, COSCO (Dalian) Shipyard Co., Ltd. with D
Ross Offshore AS today announces contract award for drilling, well , exploration & petroleum technology services with Statoil ASA. The contract is for five years firm, with a two plus two plus one year option (10 year total). The contract will take effect 01.01.2014. The contract is given as part of
CAMAC Energy, Inc. announced it has been informed by Allied Energy PLC (“Allied”) of preliminary results from the Oyo-7 well in OML 120 offshore Nigeria. The results exceed internal pre-drill expectations. Oyo-7 commenced drilling operations on September 9, 2013. Based on logging while drilling (“LW
