AWE Limited has completed the transaction to acquire a 100% interest and operatorship of two Production Sharing Contracts offshore Indonesia effective 17 February 2012. The two PSCs, the North West Natuna Production Sharing Contract (“NWN PSC”) and the Anambas PSC are located in the Natuna Sea in 70
Major oil and gas companies have formed a dedicated cluster group to collaborate on identifying common technology challenges and potential solutions pertinent to the industry in Australia. Established by global technology facilitator, ITF, nine operators and international service companies including
LogiCamms has been awarded a contract with Chevron Australia to provide maintenance engineering services on the Chevron-operated Gorgon Project. The four year contract has an estimated value of approximately $8m and commences immediately. Steve Banning, LogiCamms’ Managing Director, said the contrac
JSC Severnaya Verf shipyard has obtained license to perform works associated with nuclear reactors, the yard’s director general Andrei B. Fomichev told Central Navy Portal. According to Fomichev, “now Severnaya Verf is authorized to work with nuclear powerplants. Federal Service for Environmental, T
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediatel
Total announces the signature of production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) and
French supermajor Total has signed production sharing agreements with the Côte d’Ivoire state and national oil company Petroci for three new ultra-deep offshore licenses. Total will operate the CI-514 license with a 54% interest, in partnership with Canadian Natural Ressources International (36%) an
MPI Offshore have been announced as the inaugural winner of the Offshore Renewables award at the recent Annual Offshore Support Journal awards held in London. The company was given the award for its new generation of wind turbine installation vessels. Peter Robinson, Managing Director said: “We are
Statoil and partner ExxonMobil confirm that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. Drilling operations are still on-going and it is too early to give any indication of size and commerciality. The well was spudded in ea
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
Singapore based KS Energy Limited has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth approximately S$15 million in total for the construction of two jack up rigs. Under the terms of the contracts, KS Energy is t
Sembcorp Marine’s subsidiary PPL Shipyard has secured a US$213 million contract to build a Pacific Class 400 jack-up drilling rig. The Pacific Class 400 jack-up drilling rig, a proprietary design of PPL Shipyard, represents the latest generation of high-specification jack-up drilling rigs that are c
