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Business & Finance

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USA: FMC Technologies to Supply Subsea Systems for West Boreas Project
Business & Finance

USA: FMC Technologies to Supply Subsea Systems for West Boreas Project

FMC Technologies, Inc. announced today that it has signed an agreement with Shell Offshore Inc. to supply subsea and topside systems for the West Boreas field development. The West Boreas field is located in the Gulf of Mexico, in Mississippi Canyon Block 762, in water depths of approximately 3,100

about 15 years ago
SBM OFFSHORE: FPSO P-57 Starts First Oil Production off Brazil
Business & Finance

SBM OFFSHORE: FPSO P-57 Starts First Oil Production off Brazil

FPSO P-57 started first oil production on 17 December 2010 on the Jubarte field offshore Brazil in the Campos Basin. This major project milestone marks the final delivery and hand over of the FPSO to Petrobras and has been reached two months ahead of schedule. The initial contract for the supply of

about 15 years ago
USA: Shell Awards Cardamom Deep Project to FMC Technologies
Business & Finance

USA: Shell Awards Cardamom Deep Project to FMC Technologies

FMC Technologies, Inc. announced today that it has signed an agreement with Shell to supply subsea and topside systems for the Cardamom Deep project in the Gulf of Mexico . Cardamom Deep is a subsea tie-back to Shell’s Auger Tension Leg Platform. The field is located in Garden Banks Block 426 in the

about 15 years ago
UK: Expro’s HawkEye IV Marks Step Change in Downhole Camera Technology
Business & Finance

UK: Expro’s HawkEye IV Marks Step Change in Downhole Camera Technology

Leading international oilfield services company Expro today announced a new state-of-the-art camera, HawkEye IV, has been added to the company’s downhole video portfolio. The HawkEye IV communicates with the camera via a downlink, allowing more reliable and easy access to options with a simple comma

about 15 years ago
USA First Offshore Wind Farm Lacks Buyers
Business & Finance

USA First Offshore Wind Farm Lacks Buyers

The nation’s first wind farm, planned off Cape Cod, Mass., fought a bruising battle for approval. Now, it faces another challenge in selling its power. The 130-turbine Cape Wind project has sealed a deal with the utility National Grid for half its power. But the other half is available with no appar

about 15 years ago
Indonesia: Inpex Gets Approval for Development Plan of Abadi Gas Field
Business & Finance

Indonesia: Inpex Gets Approval for Development Plan of Abadi Gas Field

INPEX CORPORATION (INPEX) announces that the Plan of Development (POD) for the Abadi gas field in the Masela Block, the Arafura Sea, Indonesia, was approved by the Indonesian Government. The project has been undertaken by INPEX Masela, Ltd., a subsidiary of INPEX, as the operator, and its project pa

about 15 years ago
Singapore: Drydocks World Wins FPSO Conversion Contract
Business & Finance

Singapore: Drydocks World Wins FPSO Conversion Contract

Drydocks World announced that it has been awarded a conversion contract for the FPSO, estimated at USD 13 million by BW Offshore, one of the world’s leading FPSO contractors. The vessel, BW Carmen, which has been renamed BW ATHENA was built in 1994 and converted to an FPSO in 1999. The vessel arrive

about 15 years ago
Halliburton Clinches Contract for Jasmine Discovery Development in UK North Sea
Business & Finance

Halliburton Clinches Contract for Jasmine Discovery Development in UK North Sea

Halliburton has been awarded a contract by ConocoPhillips for directional drilling, logging-while-drilling (LWD) and surface data logging (SDL) services to help develop the high temperature Jasmine discovery in the central North Sea. Halliburton is an industry leader in technologies developed for ul

about 15 years ago
Siemens to Erect Shoreside power Supply System for Offshore Platform in the Barents Sea
Business & Finance

Siemens to Erect Shoreside power Supply System for Offshore Platform in the Barents Sea

The Goliat floating offshore platform for the production, storage and offloading of oil and gas north of Norway in the Barents Sea will not, as is customary practice, be supplied with power generated by onboard gas turbines and generators but from the shore via a 106-kilometer-long subsea cable. Thi

about 15 years ago
JGC Corporation Announces Sale of UK-based Affiliate Interests to KBR
Business & Finance

JGC Corporation Announces Sale of UK-based Affiliate Interests to KBR

JGC Corporation today announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited to KBR . MWKL is a UK-based affiliate of both companies. Following the transaction, MWKL will become a wholly-owned subsidiary of KBR. The transaction is expected to be finalized in January 2011

about 15 years ago
Kosmos Energy, GNPC and Ghana Governmet Amicably Resolve Issues Among Them
Business & Finance

Kosmos Energy, GNPC and Ghana Governmet Amicably Resolve Issues Among Them

Kosmos Energy announced today that the company, the government of Ghana and the Ghana National Petroleum Corporation (GNPC) have signed an agreement to amicably resolve several issues that have existed among them. The resolution of the issues includes settlement regarding data, as well as matters re

about 15 years ago
PGGM and Ampère Equity Fund Buy Minority Stake From DONG Energy in Walney Offshore Wind Farm (UK)
Business & Finance

PGGM and Ampère Equity Fund Buy Minority Stake From DONG Energy in Walney Offshore Wind Farm (UK)

A consortium of PGGM and Dutch Ampère Equity Fund, managed by Triodos Investment Management, have entered into an agreement with DONG Energy whereby the consortium acquires a 24.8% stake in the 367MW Walney offshore wind farm, which is under construction. DONG Energy will retain a 50.1% stake and SS

about 15 years ago
Soco International Provides Offshore Vietnam Operations Update
Business & Finance

Soco International Provides Offshore Vietnam Operations Update

The third development well on the Te Giac Trang development, offshore Vietnam, has been completed. Preliminary log analysis of the third well, the TGT-H1-3P, drilled to the north west of the field, indicates that the well encountered the top of the target reservoir horizon as expected, based on the

about 15 years ago
Moex Offshore Rejects Any Responsibility in Gulf Of Mexico Oil Spill Disaster
Business & Finance

Moex Offshore Rejects Any Responsibility in Gulf Of Mexico Oil Spill Disaster

Moex Offshore Announcement: “On December 15, 2010, the U.S. Department of Justice filed a complaint against nine companies, including MOEX Offshore 2007 LLC (“MOEX Offshore”). This complaint seeks removal costs, economic losses, and environmental damages under the Oil Pollution Act, and civil penalt

about 15 years ago
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