Fugro has entered into a LOI to acquire the Ocean Bottom Nodes business of SeaBird Exploration PLC. Under the LOI Fugro will acquire SeaBird Technologies AS and Seabed Navigation Co Ltd which collectively hold all of SeaBird’s rights and assets related to the Ocean Bottom Node (“OBN”) business. The
AMEC, the international engineering and project management company, has been awarded a Front End Engineering Design (FEED) contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development, one of the most significant undeveloped gas fields in the North Sea. The contract includes work on the ‘option t
Cetix AS in Stavanger, Norway has been awarded a contract by IKM Subsea AS for delivery of two active heave compensated work class ROV-winches. Cetix AS has already an established track record as a supplier for IMR and ROV vessels. The scope includes engineering, design, manufacturing and testing of
Deep Down, Inc. an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded two LSFL (Loose Steel tube Flying Lead) orders worth in excess of $3 million. One order was placed by a major co
Aker Solutions has secured a contract for maintenance, modifications and operations work with an undisclosed customer in the UK sector of the North Sea. The two-year contract will guarantee over 180 jobs annually for Aker Solutions in Aberdeen, UK. There are also two optional one-year contract exten
Saipem has been awarded new E&C Offshore contracts worth €500 million. In Russia, Saipem has been awarded a contract for the subsea development of Kirinskoye Gas Condensate Field with Mezhregiontruboprovostroy (MRTS) for Gazprom Dobycha Shelf, as part of the Sakhalin 3 project development. The field
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB announce an updated estimate of the recoverable Contingent Resources from the Avaldsnes discovery in licence PL501, located in the Norwegian North Sea on the Norwegian Continental Shelf (NSC). Lundin Petroleum is the operator of PL50
Bridge, the Oslo Axess-listed oil and gas exploration and production company announces that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The in
PETRONAS, through wholly owned subsidiary PETRONAS International Corporation Ltd, has entered into an agreement with GMR Infrastructure (Singapore) Pte Ltd and GMR Infrastructure Ltd – both subsidiaries of GMR Group, India – to acquire a 30% stake in GMR Energy Singapore Pte Ltd (GMRE). The agreemen
Kreuz Holdings Limited , a subsea services provider for the oil and gas industry, announced that the Group’s order wins has increased to over US$100 million this year after securing its fourth subsea installation contract win this year worth approximately US$6.23 million from a leading offshore comp
EnerMech has completed an umbilical flushing and cleaning contract on behalf of Schlumberger in Singapore. The workscope included hydraulic oil flushing on two 24 core umbilical reels and associated subsea tools. The work scope included use of EnerMech’s flushing rig and COMPAR Microscope analysis k
BG Group announced today it has signed a Heads of Agreement (HoA) with Gujarat State Petroleum Corporation (GSPC) for the long-term supply of up to 2.5 million tonnes per annum of Liquefied Natural Gas (LNG). The HoA sets out the basis on which BG Group proposes to sell the LNG volumes to GSPC for u
GAIL (India) Limited has acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc., formed on 26th September 2011. The subsidiary company today executed definitive agreements with Carrizo Oil & Gas Inc. (Carrizo), a NASDAQ listed company based in Ho
Aker Solutions has won a contract to conduct the basic engineering for the development of Total’s Hild field in the Norwegian North Sea. The contract value is about NOK 215 million. Aker Solutions’ scope of work includes engineering for several building blocks, including topside, jacket, an FSO (flo
