Ratos and the Sixth AP Fund together with the Norwegian industrial and financial group Ferd, have signed an agreement to acquire all the shares in Aibel, a leading Norwegian supplier of services related to oil, gas and renewable energy. The purchase price (enterprise value) amounts to approximately
INPEX CORPORATION (INPEX) announces that the INPEX-led Ichthys LNG Project has finalized arrangements for US$20 billion in project finance loans including those with eight export credit agencies (ECAs) and 24 commercial banks (ECAs and commercial banks are referred to as “Lenders”). The Ichthys proj
Technip was awarded by the Discovery System a lump sum pipeline installation contract for Discovery’s South Timbalier Block 283 Junction Platform project. The pipelines will be installed between existing facilities in South Timbalier 280 and Ewing Bank 873 and the new platform in Block 283, at water
Cheniere Energy Partners said that its subsidiary, Sabine Pass Liquefaction, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Total Gas & Power North America under which Total has agreed to purchase 91,250,000 MMBtu of LNG annually plus 13,500,000 MMBTU of season
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) announce that COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD370 million from a European company to build one (1)
MODEC, Inc. announces the award of a Tower Yoke Mooring System by Höegh LNG to subsidiary, SOFEC Inc. The Tower Yoke will provide a permanent mooring for the FSRU, 20 km offshore, south east Sumatra, in a water depth of 23 meters. The system includes a Swivel Stack assembly and riser piping to expor
Dana Petroleum, on behalf of the Western Isles license partners, has signed two agreements with Sevan Marine for the application of a Sevan FPSO for the development of the Western Isles project: A Technology License Agreement granting rights to use Sevan Marine’s patented technology for the cylindri
Oceanteam Shipping ASA has concluded a bareboat charter agreement with a subsidiary of McDermott for CSV North Ocean 102. The CSV North Ocean 102 bareboat charter has a firm period lasting until 1 August 2015, plus 2 x 1 year options. Oceanteam Shipping ASA owns 50 % of CSV North Ocean 102. The agre
P/F Atlantic Petroleum (“Atlantic”) announces that it, through its fully owned subsidiary Volantis Exploration Limited, has entered into a definitive agreement to acquire a 25% non-operated working interest from Iona Energy Company (UK) Limited (“Iona”) in the Orlando and Kells fields. Atlantic Petr
Marubeni Corporation and Mitsubishi Heavy Industries have jointly signed a Contract for rehabilitation work on a gas turbine combined cycle (GTCC) power generation station in Auraiya, in India’s Uttar Pradesh state, from NTPC Limited, the country’s largest state-owned power company. The power plant
STX France SA has received an order to build one offshore substation due for delivery in 2014 for a wind farm in Northern Europe. STX France will perform the detail design and deliver the substation topside module, the jacket foundation and the piles. The contract will represent around 150 000 man-h
Kawasaki Heavy Industries announced that it has completed the delivery of two Kawasaki Green Gas Engines for the first LNG terminal in Singapore. The two Kawasaki Green Gas Engines feature an electrical output of 7,800 kW and the world’s highest electrical efficiency of 49.0%. Kawasaki received the
QGC, operator of the Queensland Curtis LNG Project, has awarded earthmoving contracts totalling more than A$279 million to five Surat Basin businesses, creating up to 200 new jobs. The successful contractors include Bruhl Roadworks and Earthmoving of Tara, Mike Jones Earthmoving of Wandoan, Ostwald
Dolphin have been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of Dolphin’s 3D seismic vessels with a total duration in the range of 8-12 months. Dolphin will revert with further contract details when they pres
