OKLAHOMA CITY, OK AND HOUSTON, TX, SEPTEMBER 2, 2008 – Chesapeake Energy Corporation (NYSE:CHK) and BP America (NYSE:BP) today announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billi
New North Sea asset owner Taqa is planning to take up residence in the UK oil capital by taking out a lease on a brand new building in Aberdeen. From the company’s headquarters in Abu Dhabi, Taqa announced it is to open new offices to manage its new North Sea assets after acquiring a 10-year [&helli
AMEC has won a five-year offshore programme management consultancy (PMC) contract from Zakum Development Company (ZADCO) in Abu Dhabi, United Arab Emirates. The deal is estimated to be worth US $75 million over the five years – the largest oil-related PMC contract ever awarded by ZADCO. AMEC will pr
Norwegian-listed oil and gas explorer Artumas says Tanzania’s government has given the greenlight for it to finalise talks on a deal to export compressed natural gas (CNG) to off-take clients in Kenya. The group said it can now move forward to conclude project agreements, including long-term gas sal
Seismic explorer TGS-NOPEC on Wednesday revised the numbers of the vote at its special shareholders meeting the previous day – showing an even more emphatic rejection of the planned merger with Norwegian sector rival Wavefield-Inseis. The proposed merger last year between the two listed groups fell
Seismic explorer TGS-NOPEC on Wednesday revised the numbers of the vote at its special shareholders meeting the previous day – showing an even more emphatic rejection of the planned merger with Norwegian sector rival Wavefield-Inseis. The proposed merger last year between the two listed groups fell
Electro-magnetic offshore survey provider OHM is preparing to cut back its operations by sub-letting one of its two survey ships after a lower than expected level of demand for its services. OHM – Offshore Hydrocarbon Mapping – said “difficult and testing” trading conditions have remained in effect
StatoilHydro has awarded Alliance Engineering a concept feasibility study for a new fixed jacket platform and topsides production facilities for its Valemon field. Valemon, located in about 135 meters (440 feet) of water in the Norwegian sector of the North Sea, is seen as a key part of StatoilHydro
BP has executed a letter of intent to buy into a 25% stake in Fayetteville shale gas onshore in a joint venture with US Chesapeake Energy Corporation for US $1.9 Bn. BP becomes owner of 135,000 acres of the 540,000 net acres of US onshore gas property held by Chesapeake which currently produces 180
The leader of an offshore electro-magnetic survey company believes that the new reservoir mapping technology is sure to be used more and more by E&P companies based on the results achieved so far. Dave Pratt, chief executive of Offshore Hydrocarbon Mapping says in shallow water in the North Sea, “ex
News – September 2, 2008 Jan de Nul has announced that an order for the construction of four split hopper barges has been placed with Tianjin Xinhe Shipbuilding Heavy Industries Co Ltd in Tianjin, China. The four 3,700m³ split barges complete the list of l’Aigle class barges of which five have been
News – September 2, 2008 The Hydrographic Society UK is organising and hosting the 16th European Hydro Conference – Hydro8 – in Liverpool from 4th to 6th November 2008. The venue for the conference and exhibition is the Britannia Adelphi Hotel, situated just a short walk from Liverpool city centre a
News – September 2, 2008 Local developer Brothers Investment Group (BIG) has reportedly been granted permission by the Phnom Penh Autonomous Port and two government ministries to dredge the Mekong and build barriers along the riverside, in a project designed to make the waterway more accessible to l
Team Pindar’s World Match Racing Champion Ian Williams will be looking to better his third place finish in the 2007 event and extend Team Pindar’s lead on the 2008 World Match Racing Tour. The 2008 Danish Open (27-31 August) is being hosted by the Royal Danish Yacht Club in Frederikshavn for the fir
