Reference is made to the press release sent out on September 20, 2010 regarding the sale of the drillship Songa Saturn. Songa Offshore SE announced that the transaction is now finalized and the drillship was delivered to a wholly owned subsidiary of PetroSaudi Oil Services Ltd this morning. The dril
CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2010. Vessel utilization for the third quarter 2010: * The vessel availability rate1 was 87%. This compares to a 92% availability rate in the second quarter of 2010 and a 90% rate in the third quarte
Titanium Resources Group is pleased to announce that it has reached an agreement in principle (the “Agreement”) to resolve the dispute between its subsidiary, Sierra Rutile Limited (“SRL”), and the Government of Sierra Leone (“GOSL” or “Government”) which related to funds loaned by the GOSL to SRL.
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces third quarter production and the completion of the first workover in a five well workover
Tidewater Inc. announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight platform supply vesse
AMEC, the international engineering and project management company, has been awarded a front-end engineering design (FEED) contract from National Grid Carbon for a carbon capture and storage (CCS) project at Longannet Power Station in Fife, Scotland. The value of the contract has not been announced.
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced they had signed a new production sharing agreement (PSA) on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. The PSA was signed today in Baku by Rovnag Abdullay
Technip has been awarded a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract, worth nearly USD400 million, by the Khafji Joint Operations (joint venture between Aramco Gulf Operations and Kuwait Gulf Oil Company), for the Khafji Crude Related Offshore
Skanska has been commissioned to replace a pier at the U.S. Navy facility in Norfolk, Portsmouth, Virginia. The contract amount totals approximately USD 164 M, about SEK 1,150 M, which will be included in order bookings for the third quarter. The customer is the U.S. Navy Facilities Engineering Comm
Electromagnetic Geoservices ASA today signed a contract worth approximately USD 1.5 million with Total E&P UK Ltd and DONG Energy to acquire 3D electromagnetic (EM) data in the West of Shetland area on the UK Continental Shelf. Total has established a significant portfolio of exploration and develop
GE announced that it has signed a contract to acquire Dresser, Inc., a global energy infrastructure technology and service provider. The $3 billion deal is the latest in a series of acquisitions over the last 10 years that has helped grow GE’s energy business and deliver record profitability. The ad
Kreuz Holdings Limited , a subsea service provider for the oil and gas industry, has today announced that a subsea installation contract worth approximately US$7.6 million was signed with a leading offshore construction company in the oil and gas business located in the Middle East. The scope of wor
Gas from Norway’s Trym field will be pumped onshore through a Danish platform in an EIB-financed project signed today with DONG Energy. The European Investment Bank will provide EUR 150 m to DONG Energy to develop the field. Trym was first discovered in 1989 but not explored, partly due to low marke
Fugro has purchased the 30 percent minority holding in Fugro Jacques GeoSurveys Inc. based in St. John’s, Newfoundland, Canada, from Stantec Consulting Ltd. Fugro has now full ownership of Fugro Jacques GeoSurveys Inc., which will enable Fugro to further expand the range of its services in Canada. T
