Repsol has agreed to sell a 3.83% stake of YPF to Lazard Asset Management and other investment funds for $639 million. Both transactions have been agreed at a price of $42.4 per share. Lazard Asset Management will acquire for $484 million a total of 2.9% of YPF for a number of its clients*, while [&
Octanex N.L. has been advised by Eni Australia Limited, the Operator of the Gawain-1 well located in the outer Exmouth Plateau permit, WA-362-P, that at 24:00 hours WST (Western Standard Time) on Sunday, 13 March 2011, the well was at a depth of 3,208m MDRT and drilling ahead in the 121/4″ hole. Sin
RBG had a record month of contract wins in February, securing more than £150million of new work. RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a nu
Salvage & Marine Operations promotes tender for ROV services in the Bath area of UK. The Ministry of Defence has a requirement to recover debris from the seabed following an equipment trial. A DP2 ROV support vessel fitted with a work class ROV and crane (capacity 5t) capable of working in water dep
Macmahon Holdings Limited announced today that it has been awarded the Gladstone LNG (GLNG) Civil Works subcontract in Queensland by Bechtel Australia Pty Ltd (as EPC contractor for the GLNG Plant Project). The parties will now work to finalise contract terms and conditions during the mobilisation p
On Thursday, the Port of Rotterdam Authority and QP-Ras Laffan Industrial City, the site of the world’s largest producers and exporter of LNG, signed a new Memorandum of Understanding, the aim of which is to further intensify the strategic cooperation between these two organisations. The ceremony wa
As part of its continuous process to improve quality, the Professional Diving Academy, based in Dunoon, Scotland, has recently been accredited by the British Accreditation Council. This extremely prestigious recognition demonstrates that PDA standards of management, training, and student welfare ful
Keppel Shipyard Limited, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totalling S$170 million for two fast-track projects. The new jobs comprise completing a Pipe Laying Vessel for Saipem S.p.A (Saipem) and converting a Floating, Storage and Offloadin
Technip was awarded an installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea. The contract covers: * welding and installation of an 11.4 kilometer, 8” production pipeline and an 8” water inje
Saipem has been awarded new E&C Offshore contracts worth in excess of $2.2 billion. In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres nor
Saipem has been awarded new E&C Offshore contracts worth in excess of $2.2 billion. In Saudi Arabia, Saudi Aramco awarded the EPIC contract, in the framework of the Al Wasit Gas Program, encompassing the offshore development of the Arabiyah and Hasbah fields, located approximately 150 kilometres nor
Telvent, the leading real-time IT solutions and information provider for a sustainable world, announced that it will be providing a comprehensive liquid natural gas (LNG) supply management platform to the China National Offshore Oil Corporation (CNOOC). The information management capabilities made p
The Penspen Group has been commissioned by Qatargas, a pioneering liquefied natural gas (LNG) producer, to develop the Detailed Design for a new Flexible Grouted Clamp and to produce a set of Flexible Grouted Clamps to enable the quick and effective repair of their large diameter subsea pipelines in
Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is b
