Oil & Gas News Archive
April - June 2010
Subsea 7 Confirms $75M North Sea Contract for Apache North Sea
Subsea 7 Inc confirm US $75m North Sea pipeline bundle contract award it announced on 26th April 2010 was for Apache North Sea Ltd's Bacchus Subsea Development Project in the UK sector of the North Sea.
30/06/2010
More »
Statoil Enter Into Frame Agreements Worth NOK 49 Billion
Statoil enter into frame agreements involving maintenance and modification work valued at NOK 49 billion, options included. Five companies have given their assent to the letters of intent sent by Statoil on behalf of the licence partners in question.
30/06/2010
More »
Aker Solutions Signs NOK 4.4 Billion Frame Agreement Contract with Statoil
Statoil awards Aker Solutions frame agreement for maintenance and modifications on their offshore installations Snorre A/B, Gullfaks A/B/C, Visund and Åsgard A/B in Norway. Aker Solutions M&M services will be executed from Stavanger, Bergen, and Trondheim.
30/06/2010
More »
Technip Awarded Subsea Contract in the Mediterranean Sea
Technip awarded lump sum engineering, procurement, installation and construction contract by Burullus Gas Company SAE for the West Delta Deep Marine Phase VIIIa development project.
30/06/2010
More »
Aker Solutions Secures Three-year Extension with Nexen in UK Sector
Aker Solutions secures three-year contract extension for engineering and construction work with client Nexen Petroleum UK Limited in the UK sector of the North Sea. Work under the extended contract is ongoing and will last until April 2013.
29/06/2010
More »
Petrobras Awards FMC Technologies $300 Million Subsea Manifold Frame Agreement
FMC Technologies, Inc. signs four-year subsea manifold frame agreement with Petrobras. The award is expected to result in approximately $300 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. All equipment will be engineered and manufactured at FMC's facility in Rio de Janeiro, Brazil.
28/06/2010
More »
Technip Confirms Resolution of DOJ and SEC Investigation into TSKJ Nigeria
Technip reaches final agreement with the US Department of Justice and Securities and Exchange Commission to fully resolve all potential claims arising from Technip's participation in the TSKJ joint venture between 1994 and 2004.
28/06/2010
More »
BP Update on Gulf of Mexico Oil Spill Response
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
28/06/2010
More »
Prequalification of CO2 Capture Suppliers Begins at Mongstad
Gassnova and Statoil to start joint process of prequalifying potential suppliers of capture facilities for full-scale CO2 capture at Mongstad.
25/06/2010
More »
Encana and China National Petroleum Corporation Look to Jointly Develop Canadian Unconventional Natural Gas
Encana Corporation and China National Petroleum Corporation today signed a memorandum of understanding, formally called a Heads of Agreement, that outlines a framework for the two companies to negotiate a potential joint-venture investment in the development of certain lands in Encana's natural gas plays in Horn River, Greater Sierra (Jean Marie formation) and Cutbank Ridge (Montney formation) in northeast British Columbia.
24/06/2010
More »
Technip Awarded Term Agreement with BG in the North Sea
Technip awarded major four-year term agreement by BG Group for the provision of pre-FEED, FEED, full EPIC and IRM services in both the United Kingdom and Norwegian Continental Shelves.
22/06/2010
More »
Fluor Named as Program Management Consultant for ADNOC's Abu Dhabi Gas Project
Fluor Corporation named as PMC for Shah Gas Development Project by Abu Dhabi Gas Development Company Ltd., one of Abu Dhabi National Oil Company's (ADNOC) operating companies. Project will be led by Fluor's Aliso Viejo, Calif., USA, operations center along with its Abu Dhabi office.
21/06/2010
More »
Acergy and Subsea 7 Agree to Combine
Acergy S.A. and Subsea 7 Inc. today announced that their Boards of Directors have agreed to combine the two companies creating a global leader in seabed-to-surface engineering and construction.
21/06/2010
More »
Gazprom and Statoil Sign Sci-tech Cooperation Agreement
Today within the framework of the St. Petersburg International Economic Forum 2010 Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Peter Mellbye, Executive Vice President of Statoil signed an Agreement on Scientific and Technical Cooperation.
18/06/2010
More »
Aker Solutions Wins Another Subsea Contract with Noble Energy
Aker Solutions has been awarded another subsea equipment contract by leading US independent oil and gas company Noble Energy Inc.
18/06/2010
More »
Oil Spill Workgroups Get Underway on Early Review of UK Practices
The work of the UK's new Oil Spill Prevention and Response Advisory Group (OSPRAG) is now firmly underway with two of its review groups having agreed their work plans.
17/06/2010
More »
Sinochem and Statoil Sign Cooperation Agreement
The Chinese company Sinochem Group and Statoil signed today in Oslo a Memorandum of Understanding (MoU) that will foster cooperation and long term experience sharing between the two companies.
11/06/2010
More »
Subsea 7 Announces Major Pipeline Bundle Contract for BP in the North Sea
Subsea 7 awarded an engineering, procurement, installation and commissioning (EPIC) contract by BP Exploration Operating Company Ltd. for the Andrew Area Development Project in the UK sector of the North Sea.
11/06/2010
More »
PSN Awarded Noble Energy, Inc. Contract
PSN awarded multi-million dollar contract from Noble Energy, Inc., an exciting expansion opportunity set to provide jobs, services and economic support in Greeley, Colorado.
11/06/2010
More »
Subsea 7 and Otto Candies Extend IRM Capacity in the Gulf of Mexico
Subsea 7 extends its ability to provide Life-of-Field services in the Gulf of Mexico through cooperative agreement with Otto Candies, LLC to access the new-build vessel the Ross Candies.
10/06/2010
More »
Multi-million Dollar Maintenance Contract Win for PSN in Australia
PSN confirms signing multi-million dollar (USD), three year contract with Caltex Australia Ltd for the delivery of integrated maintenance services. Under the contract, PSN will provide maintenance management, mechanical and support services for Caltex at its two Australian refineries - Kurnell in Sydney and Lytton in Brisbane.
07/06/2010
More »
Acergy S.A. Awarded $120 Million Contract Offshore Nigeria
Acergy S.A. awarded contract valued at approximately $120 million, offshore Nigeria in shallow water depths. Contract includes removal of existing risers and the installation of approximately 15km of new pipelines and associated risers, together with associated diving and hook-up activities.
07/06/2010
More »
BP Update on Gulf of Mexico Oil Spill Response
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
07/06/2010
More »
Shaw to Provide Louisiana Coastline with Barrier Island Construction
Shaw Group awarded contract by the state of Louisiana's Office of Coastal Protection and Restoration for overall project management and construction of barrier island temporary berms in response to the Deepwater Horizon oil spill.
04/06/2010
More »
BP Establishes $360 Million Escrow Account to Immediately Fund Approved Louisiana Barrier Islands Construction
BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government.
03/06/2010
More »
BP Agrees to Fund Construction of Six Sections of Louisiana Barrier Islands
BP today announced that it supports the U.S. government's decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated $360 million it will cost to construct the six sections.
02/06/2010
More »
BP Update on Gulf of Mexico Oil Spill
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
28/05/2010
More »
Industry Creates Advisory Group to Review UK Oil Spill Prevention and Response
Oil & Gas UK establishing advisory group to provide a focal point for the sector's review of its oil spill prevention and response practices in the UK, in advance of the conclusion of investigations into the Gulf of Mexico incident. The Oil Spill Prevention and Response Advisory Group (OSPRAG) will be chaired by Mark McAllister, chief executive of Fairfield Energy Ltd.
25/05/2010
More »
BP Launchs State-specific Response Web Sites
BP today announced the availability of four informational Web sites designed to offer state-specific oil spill information to residents of communities affected by the Deepwater Horizon oil spill in the Gulf of Mexico.
25/05/2010
More »
Transocean Ltd. Provides Details Regarding Dividend and Deepwater Horizon Incident
Transocean Ltd. today responded to erroneous reports relating to its shareholders' approval of a dividend and its intent to avoid liability arising from the Deepwater Horizon incident or to profit from such incident.
25/05/2010
More »
CB&I Awarded U.S. Gas Processing Plant in California
CB&I awarded project, valued in excess of $280 million, by Occidental of Elk Hills, Inc. for new gas processing plant at the Elk Hills oil and gas field in Central California.
25/05/2010
More »
Major Oil and Gas Event to be Held in Invergordon, Scotland
Key figures from the UK's oil sector will converge on Invergordon in Scotland next month to discuss ways to strengthen the industry's links between Aberdeen and the Highlands. The two-day networking and awareness event organised by leading energy and engineering organisation North Scotland Industries Group and will be held on June 8 and 9.
24/05/2010
More »
E.ON Ruhrgas Becomes New Shareholder in Trans Adriatic Pipeline
Statoil and EGL announce divestment of combined stake of 15% in the Trans Adriatic Pipeline Project (TAP) to E.ON Ruhrgas.
24/05/2010
More »
J P Kenny Awarded FEED Contract for Apache's Julimar Subsea Development
J P Kenny to carry out front end engineering design for the subsea development of Apache's largest-ever gas project, the Julimar Development Project in the Carnarvon basin, offshore Western Australia.
23/05/2010
More »
Technip Awarded Subsea Contract for Kitan Field Development Project in the Timor Sea
Technip awarded contract by Eni for the Kitan field development project. This field is located in approximately 350 meters of water, in an area of the Timor Sea jointly administered by Timor-Leste and Australia, 500 kilometers off the Australian coast.
23/05/2010
More »
BP Launches Live Webcam of Riser Flow
BP today launches live webcam of riser flow following Deepwater Horizon rig incident in the Gulf of Mexico.
21/05/2010
More »
Technip Awarded Subsea Contract for the Marulk Project in Norway
Technip signs agreement with Statoil ASA for fabrication and installation of pipe-in-pipe flowline to support the Marulk field development. Statoil is carrying out parts of the Marulk development project on behalf of the operator Eni.
21/05/2010
More »
BP Update on Gulf of Mexico Oil Spill Response
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
20/05/2010
More »
BP Update on Gulf of Mexico Oil Spill Response
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
18/05/2010
More »
BP Announces Tourism Grants To Four Gulf States
BP is today announcing grants to each of the states of Florida, Alabama, Mississippi and Louisiana to help their Governors promote tourism around the shores of the Gulf of Mexico over the coming months.
18/05/2010
More »
CNOOC Ltd. Announces the Signing of Technical Service Contract for Missan Oil Fields in Iraq
CNOOC Limited announces today that, the Company, via its wholly owned subsidiary - CNOOC International Limited, together with Turkish Petroleum Corporation, signed a technical service contract for the development and production of the Missan Oil Fields within Iraq.
17/05/2010
More »
Antonio Brufau Signs the Development Agreement for the Carabobo Project
Repsol Chairman Antonio Brufau and Venezuelan President Hugo Chavez sign agreement in Caracas to create the PetroCarabobo S.A. joint venture that will develop oil reserves in Venezuela's Orinoco Oil Belt, one of the world's largest undeveloped hydrocarbon deposits.
17/05/2010
More »
Amazon Defense Coalition: Chevron, Gibson Dunn Suffer Stiff Setback on Ecuador Pollution Case
Chevron and the much-vaunted Gibson Dunn litigation team suffer severe setback in California federal court in the company's longstanding effort to evade accountability for a $27 billion environmental disaster in Ecuador's Amazon.
14/05/2010
More »
Tony Hayward, BP Group Chief Executive's Response to President Obama's Statement
Tony Hayward commented: "We absolutely understand and share President Obama's sense of urgency over the length of time this complex task is taking. We want to thank the President and his administration for their ongoing engagement in this effort".
14/05/2010
More »
Santos Awards Fluor Early Works Contract for Gladstone LNG Project in Australia
Fluor Corporation announced today that Santos has chosen Fluor Australia as the preferred contractor for engineering, procurement and construction (EPC) work on the upstream facilities component of the Gladstone Liquefied Natural Gas (GLNG) project.
13/05/2010
More »
Transocean Ltd. Affiliates File Limitation of Liability Petition
Transocean Ltd. today announced that, at the instruction of its insurers and in order to preserve insurance coverage, several of its affiliated companies have filed a petition in U.S. District Court for the Southern District of Texas, in Houston, under the federal Limitation of Shipowner's Liability Act in connection with the recent Deepwater Horizon casualty.
13/05/2010
More »
BP Update on Gulf of Mexico Oil Spill Response
BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. Subsea efforts continue to focus on, firstly, progressing options to stop the flow of oil from the well through interventions via the blow out preventer (BOP) and, secondly, attempts to contain the flow of oil at source to reduce the amount spreading on the surface.
13/05/2010
More »
Close of Clough Proportional Takeover Offer - Strategic Alliance Established
Clough Limited and Forge Group Limited announce that Clough's proportional takeover offer, made through its wholly owned subsidiary Clough Operations Pty Ltd, for 50% of the ordinary shares in Forge, closed yesterday.
12/05/2010
More »
Transocean Ltd. Issues Statement of Clarification
In response to several inaccurate reports that detail Transocean's treatment of crew members immediately following the April 20, 2010 explosion aboard the Deepwater Horizon, including erroneous allegations that crew members were asked to sign "waivers," the Company would like to clarify the series of events that transpired that evening and the days after the incident.
12/05/2010
More »
SPD Signs Agreement with EnQuest PLC on Don Development
Petrofac's SPD awarded contract with EnQuest to provide well project management services in support of the Don Southwest and West Don assets. SPD will manage the operations on the Transocean semi-submersible rig John Shaw, for a minimum period of 180 days.
11/05/2010
More »
Eni CEO Paolo Scaroni Meets Turkey's Energy Minister Taner Yildiz and Russia's Deputy Prime Minister Igor Sechin in Ankara
Leaders meet in Ankara regarding development of Samsun-Ceyhan oil pipeline between Turkey's Black Sea coast and its Mediterranean coast. During the meeting, the parties reviewed the progress of the project, the entry conditions of the Russian companies Rosneft and Transfnet and fixed further steps for the next future.
11/05/2010
More »
Petrofac Awarded Five-year Contract By BHP Billiton
Petrofac confirms its Offshore Engineering & Operations business awarded five-year, multi-million pound contract by BHP Billiton. Petrofac has supported BHP Billiton's operation at Liverpool Bay since early construction and operational start-up.
07/05/2010
More »
Aker Solutions Awarded Contract for Detailed Design of Kebabangan Northern Hub Development Project
Aker Solutions selected by Kebabangan Petroleum Operating Company Sdn Bhd (KPOC) as its contractor for the detailed engineering of the Kebabangan (KBB) Northern Hub development project located in the South China Sea, 130km offshore Sabah in East Malaysia.
06/05/2010
More »
TNK-BP and IOCOI Establish Joint Venture to Develop Fields in Iraq
TNK-BP Holding and Iraq Oil Company for Oil Investments (IOCOI) sign agreement to establish joint venture aimed at identifying potential projects to acquire, develop and operate oil and gas fields on the territory of Iraq.
06/05/2010
More »
TGS Expands Multi-Client Seismic Data Library in Europe with New Barents Sea PSDM Project
TGS launch 2,600 square kilometer 3D pre-stack depth migration (PSDM) project over the Hoop Fault Complex, offshore Norway in the Barents Sea. This will be the first multi-client project of its kind in the European region.
06/05/2010
More »
Fluor Wins Umm Lulu Offshore Feed Contract in Abu Dhabi
Fluor Offshore Solutions awarded front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for offshore facilities located at the Umm Lulu field about 30 kilometers northwest of Abu Dhabi in the Arabian Gulf.
06/05/2010
More »
Foster Wheeler Awarded PMC Contract by ADCO for Oil Field Development in UAE
Foster Wheeler awarded project management consultancy contract by the Abu Dhabi Company for Onshore Oil Operations (ADCO) for the Bab Field expansion and the development of the Qusahwira Field in the United Arab Emirates.
06/05/2010
More »
Subsea 7 Set for Further Expansion in Asia Pacific Region
Subsea 7 establish new Asia Pacific office in Kuala Lumpur, Malaysia and the appointment of 2 of its senior personnel to its Asia Pacific region. The Kuala Lumpur office will initially house 32 Subsea 7 personnel, including the Regional Management Team, with space to expand as the company positions itself for future growth in the Asia Pacific region.
05/05/2010
More »
Statoil to Deliver Gas to Canada
Statoil concludes agreement for transportation of gas through pipeline from the Northern Marcellus shale gas area in Pennsylvania to Niagara at the US-Canadian border.
05/05/2010
More »
Fluor Wins Offshore FEED Contract in Abu Dhabi
Fluor Offshore Solutions unit awarded front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for offshore facilities located 120 kilometers off the northwest coast of Abu Dhabi City.
05/05/2010
More »
Mustang Awarded Front-end Engineering Design for Noble Energy's Belinda Project
Mustang, part of international energy services company John Wood Group PLC, selected by Noble Energy to perform front-end engineering design (FEED) for the Belinda project in Block "O", which is located in approximately 243 feet (74 meters) of water offshore Equatorial Guinea.
05/05/2010
More »
Halliburton Provides Cementing Facts Regarding Rig Incident
Halliburton confirms its continued support of, and cooperation with, the ongoing investigations into the Deepwater Horizon drilling rig incident in the Gulf of Mexico last month.
05/05/2010
More »
Gulfsands Continues to Reject Unsolicited Approach
The board of directors of Gulfsands Petroleum plc announces that, on 27 April 2010, it received a reiteration of the original proposal from Oil India Limited and Indian Oil Corporation Limited following their initial approach regarding a possible offer for the Company on 18 March 2010.
30/04/2010
More »
BP Steps Up Shoreline Protection Plans on US Gulf Coast
BP launches the next phase of its effort to contain and clean up the Gulf of Mexico oil spill, with a significant expansion of onshore preparations in case spilled oil should reach the coast.
30/04/2010
More »
Alaska Pipeline Project Begins Its Open Season
Separate but coordinated open seasons will be conducted simultaneously in Alaska and Canada. The Alaska Pipeline Project is a joint effort between TransCanada Corporation and Exxon Mobil Corporation to develop a natural gas pipeline under the Alaska Gasline Inducement Act.
29/04/2010
More »
Technip Awarded Major Flexible Pipe Supply Contract for Tupi Field in the Brazilian Pre-salt
Technip awarded contract by Petrobras in April for the infield lines of the pilot system for the Tupi field. This field is located at a water depth of 2,200 meters in the pre-salt layer of the Santos Basin, approximately 300 kilometers offshore the Brazilian coast.
29/04/2010
More »
Eni and Gazprom Meet to Discuss South Stream Development
Following talks held last Monday in Milan in the presence of Russian Prime Minister Vladimir Putin and Italian Prime Minister Silvio Berlusconi, the parties discussed the bilateral co-operation between Gazprom and Eni, focusing in particular on the South Stream project.
29/04/2010
More »
ConocoPhillips Terminating Agreement to Develop Shah Gas Field
ConocoPhillips decides to end its participation in developing the Shah Gas Field with Abu Dhabi National Oil Company (ADNOC). ConocoPhillips had considered holding a 40 percent ownership stake in the project.
29/04/2010
More »
Schlumberger Acquires GeothermEx
Schlumberger announces the acquisition of GeothermEx Inc., a California-based global provider of expert geothermal consulting services. The acquired team now operates as an integrated part of Schlumberger Geothermal Services, covering the full spectrum of resource exploration, development and production services.
28/04/2010
More »
Petrofac Acquires CO2 Storage Business
Petrofac acquires CO2DeepStore Limited (CO2DeepStore) a UK-based CO2 storage company. Established in 2007 in Aberdeen, Scotland CO2DeepStore is focussed on the CO2 geological storage sector of the carbon capture and storage (CCS) market.
27/04/2010
More »
Total Sells its Interests in the Valhall and Hod Fields to BP
Total signs agreement for the sale of its interests in the Valhall (15.72%) and Hod (25%) fields, in the Norwegian North Sea, to BP. This transaction, amounting to 991 million dollars, is subject to partners' consent and approval by relevant authorities in the upcoming weeks.
27/04/2010
More »
Transocean Ltd. Provides Deepwater Horizon Update
Transocean Ltd. today provided the following update on the Deepwater Horizon and the company's role in supporting BP Exploration & Production, Inc. and the Unified Area Command in stemming the flow of hydrocarbons from the well.
26/04/2010
More »
AMEC Takes on Key Role in Xcite's Bentley Field Development
AMEC appointed by Xcite Energy Resources Ltd (XER) to undertake consultancy work to help develop the Bentley heavy oil field situated in the North Sea, 160 kilometres east of the Shetland Isles.
26/04/2010
More »
Subsea 7 Announces $75M North Sea Contract
Subsea 7 awarded contract in the UK sector of the North Sea valued in excess of US $75 million. Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bundle consisting of production, gas lift, methanol and heating pipelines and controls umbilical.
26/04/2010
More »
Petrofac Secures New North Sea Contract with Britannia
Petrofac secures new contract with Britannia Operator Limited (BOL). The deal, worth £35 million over five years with a further five year extension option, will see Petrofac continue to provide operations and maintenance support services for Britannia's ongoing operations in the central North Sea.
26/04/2010
More »
CB&I Awarded a Redefined FEED Contract for Kashagan Full-Field Project Development in Kazakhstan
CB&I, in a joint venture with WorleyParsons and Aker Solutions, awarded updated front-end engineering and design (FEED) services contract from Shell Development Kashagan B.V. for Phase II of the full-field development of the Kashagan oil field in Kazakhstan.
26/04/2010
More »
Statement of Transocean Ltd. CEO Steven L. Newman Following U.S. Coast Guard Announcement
Following the suspension of U.S. Coast Guard search-and-rescue efforts to find 11 missing persons in the U.S. Gulf of Mexico, Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. (NYSE: RIG) (SIX: RIGN), on the ground in New Orleans, expressed his deepest sympathies on behalf of the company to the family members of those lost.
23/04/2010
More »
Statoil Launch New Technology Plan to Help Reduce Carbon Emissions from Oil Sands
Statoil plan to develop its oil sands activities step-by-step. The initial five-year phase will be the start-up and operation of a demonstration pilot facility.
23/04/2010
More »
Statoil Plan Turnarounds on Several Oil and Gas Fields in 2010
Statoil plan to carry out turnarounds on several oil and gas fields in 2010. Most of them will take place in August and September. Statoil also aims to make improvements to expand the interval between the turnarounds.
23/04/2010
More »
Aker Solutions Secures Extension with Mærsk in UK Sector
Aker Solutions secures one year contract extension for maintenance, modifications and operations work with Mærsk Oil North Sea Limited in the UK sector of the North Sea. Aker Solution's scope of work for Mærsk involves engineering and construction support on the installations Janice, GPIII and Gryphon.
23/04/2010
More »
FMC Technologies Signs Multi-Year Frame Agreement With BG Norge
FMC Technologies signs multi-year frame agreement with BG Norge, a subsidiary of BG Group, to provide subsea systems for offshore projects. The five-year contract includes provisions for two additional five-year extensions.
23/04/2010
More »
Technip Awarded Framework Contract for Flexible Pipe Supply in Norway
Technip awarded by Statoil ASA a three-year framework contract for the design, fabrication and supply of flexible pipe products for projects in Norway. The framework contract will be executed by the Group's operating center in Oslo, Norway. It covers the supply of flexible risers, flowlines and associated equipment.
22/04/2010
More »
Transocean Ltd. Provides Update on Semisubmersible Drilling Rig Deepwater Horizon
Transocean provided an update today regarding a fire and explosion onboard its semisubmersible drilling rig Deepwater Horizon. The incident occurred April 20, 2010 at approximately 10:00 p.m. central time in the United States Gulf of Mexico.
22/04/2010
More »
WorleyParson Awarded Redefined FEED Contract Award for Kashagan Full-Field Project Development in Kazakhstan
WorleyParsons, in joint venture with CB&I and Aker Solutions, awarded an updated front-end engineering and design (FEED) services contract from Shell Development Kashagan B.V. (SDK) for Phase II of the full-field development of the Kashagan oil field in Kazakhstan.
20/04/2010
More »
Aker Solutions to Supply MEG Reclamation Unit to Noble Energy
Aker Solutions signs contract to deliver a complete mono ethylene glycol (MEG) reclamation unit to leading US independent oil and gas company Noble Energy Inc. Aker Solutions' contract party is Aker Process Systems AS.
20/04/2010
More »
Expro's New India Base Shows Commitment to Market
Expro announces the official opening of its new service centre in Kakinada, India. The 2.5 acre base, which houses office, workshop and maintenance premises, means Expro can locally deliver well testing, subsea services and support to the growing regional market.
20/04/2010
More »
Amazon Defense Coalition: Chevron Whistleblower Reveals Evidence Tampering in Ecuador, but Oil Giant Ignores It
Chevron is ignoring explosive charges that it tampered with crucial scientific evidence and intentionally misled the court in the Aguinda v ChevronTexaco environmental trial in Ecuador, representatives of the plaintiffs say.
20/04/2010
More »
Grounded Helicopters Lead to Focus on Marine Alternatives
Expert in marine personnel transfer Reflex Marine experience a significant upturn in activity following the grounding of several helicopter flights to North Sea oil and gas platforms in the wake of the Iceland volcano. The continuing disruption to aviation services in Europe is having a major impact on offshore operators.
20/04/2010
More »
Jacobs (in Joint Venture) Receives Contract Extension from Shell ONEgas for Long-Term Services Program in the North Sea
Jacobs Engineering Group Inc. receives three-year extension to existing 200 million euros per year Integrated Services Contract for Shell ONEgas Southern North Sea Asset Base.
19/04/2010
More »
AMEC Joint Venture Secures Shell ONEgas Contract Extension
AMEC and its joint venture partners secure three-year extension worth €200 million per year for the Integrated Services Contract (ISC) for the assets known as Shell ONEgas Southern North Sea (SNS).
19/04/2010
More »
Petrobras Signs Cooperation Agreement with China
Petrobras announces signing a Strategic Cooperation Agreement with China Petrochemical Cooperation (SINOPEC) and China Development Bank Corporation (CDB) aimed at assessing mutually beneficial opportunities on the areas of cooperation.
19/04/2010
More »
Cape Awarded Contract Extension with Heerema Marine Contractors
Cape UK awarded contract extension by Heerema Marine Contractors, part of the Heerema Group, worth in excess of £2.5m. Under the terms of the contract extension Cape will continue to provide Heerema with Scaffolding Services throughout 2010.
19/04/2010
More »
ConocoPhillips E-Gas™ Technology Selected for POSCO Gasification Project
ConocoPhillips (NYSE:COP) today announced completion of an agreement with POSCO, a Korean steel manufacturing company, to use ConocoPhillips' E-Gas™ Technology in POSCO's Gwangyang coal-to-substitute natural gas (SNG) project.
14/04/2010
More »
Subsea 7 Announces Contract Award by BP in Gulf of Mexico
Subsea 7 Inc awarded installation contract by BP for the Galapagos and Nakika Phase 3 developments in the Gulf of Mexico. Engineering work will commence immediately at Subsea 7's Houston office.
14/04/2010
More »
SBM Offshore N.V. Receives Letter of Pre-Commitment for Lease FPSO for Brazil's Pre-Salt Area from Petrobras
SBM Offshore N.V. Affiliate and Queiroz Galvão Óleo e Gás S.A. (QGOG), receive Letter Of Pre-commitment from PETROBRAS NETHERLANDS B.V. (PNBV), PETROLEO BRASILEIRO S.A. - PETROBRAS as Operator of the Consortium BM-S-11, established by companies PETROBRAS (65%), BG E&P do Brasil LTDA (25%), and PETROGAL BRASIL LTDA (10%) for the charter and operation of an FPSO for the pre-salt area, offshore Brazil.
13/04/2010
More »
NSRI Confirms Backing from Subsea Industry as it Reaches Initial membership Target
Leading research organisation the National Subsea Research Institute (NSRI) achieves its initial target to recruit 20 companies to join in developing a vision for the long-term future of the subsea industry.
13/04/2010
More »
Fluor New Venture in Qatar Wins Five-Year Maintenance Contract for Pearl Gas-to-Liquids Project
Fluor Corporation announces that Qatar National Facilities Services, a new venture partly owned by Fluor, signed a major long-term maintenance and services contract with Qatar Shell Gas-to-Liquids Limited (QSGTL) for its Pearl Gas-to-Liquids (Pearl GTL) project in the industrial city of Ras Laffan, Qatar.
13/04/2010
More »
GE Oil & Gas Signs MOU Agreement with Petrovietnam
GE Oil & Gas signs memorandum of understanding (MOU) with the Vietnam National Oil and Gas Group (Petrovietnam), the Government of Vietnam wholly owned company responsible for all oil and gas resources in the country and the third largest oil producer in South East Asia.
13/04/2010
More »
Eni and Gazprom Meet on South Stream and Upstream Projects
Gazprom Chairman Alexey Miller and Eni CEO Paolo Scaroni meet in Moscow to discuss the two companies' common projects.
13/04/2010
More »
New Board Appointments Strengthen Oil & Gas UK's Industry Representation
Oil & Gas UK, the leading representative organisation for the oil and gas industry, announces that Robin Davies, Subsea 7's global vice-president - business improvement, appointed the association's new contractor co-chair, replacing Bob Keiller, CEO of PSN, who has come to the end of the maximum two year term for this post.
13/04/2010
More »
Aker Solutions to Supply Subsea Umbilicals to Noble Energy
Aker Solutions to supply subsea umbilicals for oil and gas company Noble Energy Inc. Manufacturing will take place at Aker Solutions' umbilical facility in Mobile, Alabama.
12/04/2010
More »
Wood Group Awarded Extension to Contract by TOTAL
Wood Group awarded three-year extension to its existing contract, plus two optional years, by TOTAL E&P UK LTD ("TOTAL"). TOTAL first awarded Wood Group the North Sea engineering & construction contract seven years ago.
09/04/2010
More »
Aker Solutions Signs Sub-surface Deal with BP
Aker Solutions signs agreement with BP Norge AS to supply sub-surface consultancy services on the Norwegian continental shelf. Under the three-year agreement, Aker Solutions' geo business will deliver operational geology services from BP's onshore facility in Stavanger, Norway, and wellsite geology services from BP's assets offshore Norway.
08/04/2010
More »
Total Awards FMC Technologies $210 Million Subsea Contract to Support Laggan-Tormore Field
FMC Technologies, Inc. sign agreement with Total Exploration and Production UK Ltd for the manufacture and supply of subsea production equipment to support the Laggan-Tormore field.
08/04/2010
More »
J. Ray McDermott Awarded Te Giac Trang Transportation and Installation Work in Vietnam
J. Ray McDermott, S.A. awarded transportation and installation contract by PTSC Mechanical & Construction Company Limited for the Te Giac Trang ("TGT") field development project, offshore Vietnam.
08/04/2010
More »
New FishSAFE Unit In Action Across the UK North Sea
Aberdeen-based FLTC Services Limited (FLTCS) receives the 200th order for its new FishSAFE unit. The devices are now being used to alert skippers with audible and visual warnings when oil and gas related surface and subsea structures are detected. Fishing nets can become caught on these structures so their detection is instrumental in improving mariners' safety.
08/04/2010
More »
ABB Wins $110 Million Order for Power Link to Offshore Platform
ABB wins order worth $110 million from Eni Norway AS to build power link between new oil and gas platform in the Barents Sea and the Norwegian power grid. The Goliat platform will be partly electrified by a 106 km subsea power cable, which can lower Goliat's carbon dioxide emissions up to 50 percent by reducing the need for electricity produced by the platform's gas turbines.
06/04/2010
More »
Completion of the Demerger of the UK Continental Shelf Oil & Gas Assets of Petrofac Energy Developments
Petrofac announces completion of its Share Split and the Demerger of Petrofac Energy Developments Limited to EnQuest PLC ("EnQuest"). EnQuest Shares now admitted to the Official List and to trading on the London Stock Exchange's market for listed securities.
06/04/2010
More »
Lundin Petroleum Completes Spin-off of UK Business
Lundin Petroleum AB (Lundin Petroleum) announces completion today of the spin-off of Lundin Petroleum's UK business into EnQuest plc (EnQuest). Lundin Petroleum received approximately fifty-five per cent (55%) of the total outstanding shares of EnQuest and will distribute all of its EnQuest shares to Lundin Petroleum shareholders.
06/04/2010
More »
Forge Shareholders Approve $19.5M Placement to Clough
Forge Group Limited and Clough Limited announce approval today by Forge shareholders of a placement to Clough of 10.25 million shares for proceeds of $19.5 million.
06/04/2010
More »
KBR Acquires Energo Engineering
KBR acquires Houston-based Energo Engineering. Energo provides Integrity Management (IM) and advanced structural engineering services to the offshore oil and gas industry. Energo will be integrated into KBR's Granherne subsidiary.
06/04/2010
More »
FMC Technologies Awarded Perdido Stage II Contract
FMC Technologies, Inc. signs agreement with Shell to supply subsea and topside systems for the Perdido Stage II Regional Development Project in the Gulf of Mexico. Deliveries will commence in the third quarter of 2010.
06/04/2010
More »
Gazprom Completes Payment for the 51% Stake in SeverEnergia
Eni and Enel announce that Gazprom has effected payment of 1.182 billion US dollars to Artic Russia B.V. (60% Eni, 40% Enel) as the second and final tranche owed by Gazprom in respect of the sale and purchase agreement of a 51% participation interest in SeverEnergia, signed on June 5, 2009.
06/04/2010
More »
ABB Wins US$60 million Oil and Gas Order in Norway
ABB win order worth more than $60 million from Hyundai Heavy Industries to provide an array of power and automation technologies for an offshore production platform at the Goliat oil and gas field off the northern coast of Norway.
05/04/2010
More »
Hess Reaches Agreement for Sale of UK Gas Assets
Hess Corporation reaches agreement with Scottish & Southern Energy to sell its interests in a package of natural gas production and transportation assets in the United Kingdom North Sea for $423 million in cash. The sale is expected to close in the third quarter of 2010.
05/04/2010
More »
PSN Secures Multi-million Dollar Contract with Nexen
PSN awarded contract worth over $50 million USD to provide operations and maintenance support to Nexen's Buzzard and Scott assets in the central North Sea. This is a new three year contract with the option of up to a further three years.
05/04/2010
More »
Chevron Wins Arbitration Claim Against the Government of Ecuador
An international arbitration tribunal rules in favor of Chevron in claim against Ecuador related to past oil operations by Chevron's subsidiary, Texaco Petroleum Company.
05/04/2010
More »
Aker Solutions Signs Service Contract with Petrobras
Aker Solutions signs three-year contract with Petrobras for maintenance of subsea control systems supplied to the Brazilian national oil company. The contract value is BRL 30 million (NOK 100 million). Contract will be managed from Aker Solutions' service base in Rio das Ostras, through a specialised Brazilian team.
05/04/2010
More »
Petrofac Acquires Metering Specialist
Petrofac acquires Stephen Gillespie Consultants Limited (SGC), a UK-based provider of metering services and systems for an initial cash consideration of £2.1 million. A further consideration of up to £1.4 million will be payable in cash over two years, subject to achieving certain agreed performance targets.
05/04/2010
More »
Petrofac Wins Qatar Petroleum Contract Worth More Than US$600 Million
Petrofac awarded contract for gas sweetening facilities project in Qatar's Messaieed and Dukhan industrial districts by Qatar Petroleum. Work on the projects is expected to commence shortly and is due for completion within 38 months.
02/04/2010
More »
Statoil Strengthens US Shale Gas Position
Statoil signs agreement with Chesapeake which will add approximately 59000 net acres to Statoil's current 600000 net acre positions in the Marcellus Shale. The cost to Statoil of the transaction is USD 253 million, with an average acreage cost of USD 4325 per acre.
02/04/2010
More »
