Subsea 7 S.A. announced today that it has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz
CGGVeritas announced today that it has signed a strategic agreement with Spectrum, a Norwegian multi-client company, for the contribution by CGGVeritas of its 2D Multi-client marine library for a consideration in cash and a major equity position in Spectrum. CGGVeritas has reached a strategic agreem
Chart Industries, Inc., a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced that its wholly-owned subsidiary, Chart Energy & Chemicals, Inc. (“Chart E&C”), has been awarded a contrac
Further to the Company’s announcement of 29 November 2010, Karoon Gas Australia Limited and its related entities have executed final and binding documentation with its joint venture partner, ConocoPhillips (Browse Basin) Pty Ltd (“ConocoPhillips”) and its related entities, to acquire an additional 5
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
Tap Oil Limited provides the following update on its Manora Oil Development in the Gulf of Thailand. Tap’s Managing Director/CEO Troy Hayden said: “The Manora development is a highly significant project for Tap. It is expected to more than triple our existing reserves toward the end of 2011 and deli
Magellan Petroleum Corporation and Santos have now finalized discussions regarding an appropriate resolution of all remaining issues relating to the non-closure of the Evans Shoal transaction. The Company and Santos have agreed that $10 million of the sums deposited in connection with the Evans Shoa
QGC Pty Limited is about to start exploring for natural gas in the Bowen Basin. The company will drill several wells over the next 18 months, some to about 4.5km deep. These wells are aimed at sandstone formations up to 1km below aquifers of the Great Artesian Basin and are similar to gas wells bein
BHP Billiton and Petrohawk Energy Corporation (“Petrohawk”) announced today that on 22 July 2011, BHP Billiton and Petrohawk received notice from the U.S. Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to BHP Bil
Sterling Resources Ltd. (“Sterling” or the “Company”) announces that the Field Development Plan (“FDP”) for the Breagh gas field has received the unconditional approval of the UK Department of Energy and Climate Change (“DECC”). FDP approval from DECC was formally granted at a ceremony that took pla
Sterling Resources Ltd. (“Sterling” or the “Company”) announces that the Field Development Plan (“FDP”) for the Breagh gas field has received the unconditional approval of the UK Department of Energy and Climate Change (“DECC”). FDP approval from DECC was formally granted at a ceremony that took pla
The 3D seismic study of the offshore Gal permit indicates the presence of oil. The findings were submitted to Petroleum Supervisor Dr. Mich… (globes) [mappress] Source: globes, July 25, 2011;
In Nigeria, Saipem has been awarded the contract for the Otumara-Saghara-Escravos gas pipeline by Shell Petroleum Development, as part of Shell’s program to reduce gas flaring in the Country. The 42-kilometre-long pipeline, of various sizes ranging from 2 to 12 inch, and passing through a swampy ter
The 10 billion dollars trilateral deal is slated to transfer Iran’s gas to Europe via a five thousand kilometers pipeline that is going to pass Iraq, Syria and Lebanon territories, Javad Oji said at a press conference on Saturday afternoon. South Pars gas field as a reliable source of gas is the mai
