Oil & Gas News
Aker Solutions Acquires Sandnessjøen Engineering
Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects.
03/02/2012
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Subsea 7 Awarded Contract West of Shetland
Subsea 7 awarded contract valued at approximately $100 million from BP for the Clair Ridge Project, West of Shetland. The Clair Ridge development will comprise two new, bridge-linked platforms to be located to the North-East of Clair Phase 1.
03/02/2012
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BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Halliburton Indemnity in Deepwater Horizon Accident
BP stated that today's ruling, together with last week's decision on Transocean's financial obligations stemming from its conduct at the Macondo well, is strong signal that contractors involved in critical well operations will be held accountable for their actions under the law.
31/01/2012
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Oil & Gas UK Warns Against European Commission Weakening UK's Offshore Safety Regime
Oil & Gas UK attend meeting in Brussels to reiterate its opposition to the European Commission's proposed safety Regulation which Oil & Gas UK sees as a retrograde step more likely to damage than enhance the safety of UK offshore oil and gas operations.
31/01/2012
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Centrica to Increase its Stake in North Sea Statfjord Field
Centrica plc reaches agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million. The fields, which are located across both the Norwegian and UK sectors of the Northern North Sea, produce gas for the UK market.
30/01/2012
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Statoil and Partners on Snøhvit Field Increase Reserves Estimate
Statoil and partners on Snøhvit field increase reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field proves that it is possible to produce more gas from the reservoirs than previously assumed.
30/01/2012
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BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Indemnity in Deepwater Horizon Accident
Statement made on 26 January 2012 in response to the court ruling issued the same day. Read the full judge's Opinion.
30/01/2012
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South Stream Project Implementation in Greece
Gazprom hosts working meeting between Alexey Miller, Chairman of the Company's Management Committee and Antonis Samaras, head of the New Democracy party. Meeting participants discussed the prospects for the Russian-Greek cooperation deepening in the energy sector as well as the current status of the Greek energy industry.
30/01/2012
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Skuld Gets Go-ahead
Ministry of Petroleum and Energy gives green light to plan for development and operation of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea.
27/01/2012
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Lundin Petroleum Submits Field Development Plan for Luno Field
Lundin Petroleum AB's wholly owned subsidiary Lundin Norway AS as operator, with its partners Wintershall Norge ASA and RWE Dea Norge AS, submit plan for development and operation for Luno field to the Norwegian Ministry of Petroleum and Energy.
26/01/2012
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Cape Philippines Wins Offshore Contract with Clough Amec
Cape's Philippines operations secures multi-discipline service contract, worth US$22 million over two years, to provide support services on the Clough Amec joint venture Bayu-Undan offshore facilities in the Timor Sea.
26/01/2012
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Cape Philippines Wins Another Bay-Undan Offshore Contract
Cape's Philippines operations awarded another multi-discipline service contract in the Timor Sea. Cape will provide services on the accommodation vessel supporting the ConocoPhillips facility's major refurbishment project.
26/01/2012
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Technip Awarded Detailed Design Contract for the Wheatstone Gas Processing Platform
Technip Oceania awarded contract, worth approximately AUD110 million (€90 million), by Daewoo Shipbuilding and Marine Engineering for the detailed design of Chevron's Wheatstone offshore gas processing platform.
26/01/2012
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Board of Directors Proposals to Expand Gazprom's Presence in Global Market
Board of Directors address potential opportunities for Gazprom to expand its presence in the global gas market and related markets, such as power generation and gas chemistry.
25/01/2012
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McDermott Awarded INPEX Ichthys Subsea Contract
McDermott International's Australian subsidiary receives and signs letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline ("SURF") project by INPEX.
25/01/2012
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Apache to Acquire Cordillera Energy Partners III LLC for $2.85 Billion
Apache Corporation agree to acquire Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximately 254,000 net acres in the prolific Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle, for $2.85 billion.
23/01/2012
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South Stream Construction to Start in December 2012
Decision to significantly speed up the project implementation launch. Meeting approves detailed action plan that would make it possible to start the South stream gas pipeline construction in December 2012 instead of 2013 as previously planned.
23/01/2012
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Kvaerner Wins Luno Jacket EPC Contract
Lundin Norway awarded Kvaerner an EPC contract for delivery of a steel jacket to be located at the Luno field, production license PL338, offshore the Norwegian North Sea.
19/01/2012
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BP Forecasts Robust Global Energy Demand to 2030 Despite Efficiency Gains
Global energy demand to continue to grow over next twenty years, albeit at slowing annual rate, fuelled by economic and population growth in non-OECD countries. Increased energy efficiency and strong growth for renewable energy also forecast in BP's latest Energy Outlook 2030, published today.
18/01/2012
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New Treasury Oil and Gas Industry Fiscal Forum Holds First Meeting
First meeting of the Fiscal Forum, established by the Treasury to promote constructive, long-term engagement with industry on the UK oil and gas tax regime, held today under the chairmanship of the Economic Secretary to the Treasury, Chloe Smith MP.
16/01/2012
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International Emergency Response Arrangement
Major international offshore emergency response arrangement strengthened. Operators' Cooperative Emergency Services is a joint declaration among the national oil and gas trade associations meaning operating companies can call on each other for support in emergency situations - regardless of national boundaries.
16/01/2012
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AMEC Awarded Contract to Modify and Extend BP's Kinneil Terminal
AMEC awarded contract to provide project services to BP for the Kinneil Enhanced Gas Separation project, Grangemouth, Scotland. At its peak the contract will create 120 construction jobs in the local area.
16/01/2012
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Technip Awarded Two Subsea Contracts for Statoil's Vilje South and Visund North Projects
Technip awarded two contracts by Statoil, worth a total of around €55 million, for Vilje South field and Visund North developments located in the North Sea. Technip's operating center in Oslo, Norway will execute the contracts.
13/01/2012
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Aker Solutions Awarded Frame Agreement with Talisman Energy Norge
Aker Solutions awarded frame agreement for engineering, procurement, installation and commissioning for Talisman Energy's maintenance and modifications projects on the Norwegian continental shelf.
12/01/2012
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Aker Solutions Awarded Steel Tube Umbilicals Contract
Aker Solutions awarded contract for eight steel tube umbilicals by Anadarko Petroleum Corporation for the Lucius field located in the Gulf of Mexico.
12/01/2012
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Technip Awarded Contract by Nexen for the Golden Eagle Development
Technip awarded lump sum contract by Nexen Petroleum U.K. Limited, worth approximately €135 million, for the Golden Eagle development. Technip's operating centre in Aberdeen, Scotland will execute the project.
11/01/2012
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Alliance Engineering Awarded Contract for Williams Partners Gulfstar One, Tubular Bells Field
Wood Group's Alliance Engineering awarded detailed engineering and design of the topside facilities and deck for Williams Partners Gulfstar FPS" spar production platform.
11/01/2012
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Aker Solutions Wins Drilling Riser Contract
Aker Solutions awarded contract by Daewoo Shipbuilding & Marine Engineering for delivery of deepwater drilling riser system to the DSME shipyard in South Korea.
09/01/2012
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Technip Awarded Two-year Extension of Statoil Frame Contract for Subsea Services
Technip awarded the last option for the Statoil frame contract for diving, pipeline repair, contingency and modification services. Frame contract held by Technip since January 2007 and now extended to the latest possible completion date of December 2014.
06/01/2012
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Schlumberger and Petrofac Sign Co-operation Agreement
Petrofac and Schlumberger divisions sign Co-operation Agreement under which these divisions will establish a working relationship to deliver integrated and high-value production projects in the emerging and growing production services and production enhancement market.
05/01/2012
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Aker Solutions Wins Bøyla Subsea Contract
Aker Solutions signs contract with Marathon Oil Norge AS to supply subsea production system for the operator's Bøyla project on the Norwegian continental shelf. Scope of work includes engineering, procurement, construction and delivery of four subsea trees, four over-trawlable subsea structures and control systems.
05/01/2012
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Cape Middle East Wins $26 million Contracts with BAPCO, Bahrain
Cape's Northern Gulf operations awarded five-year surface preparation and coating services contract by The Bahrain Petroleum Company B.S.C ("BAPCO") worth $18 million.
05/01/2012
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Foster Wheeler Awarded EPCm Contract for BP Exploration's Enhanced Gas Separation Project
Foster Wheeler AG announced subsidiary of its Global Engineering and Construction Group awarded engineering, procurement and construction management contract by BP Exploration Operating Company Limited for BP Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
03/01/2012
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Subsea Production Systems Contract Awarded to Aker Solutions
Aker Solutions awarded job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf.
03/01/2012
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