Total announces the signature of an agreement with Pearl Oil (Sebuku) Ltd (“Pearl”), a subsidiary of Mubadala Development Company PJSC, to acquire a 15% interest in the Sebuku license, in which the Ruby gas discovery was made. Under the terms of the agreement, Pearl Oil, as operator, will retain a 7
Keppel FELS Limited has secured new contracts worth about US$101 million (S$134 million) to complete and refurbish two semisubmersible drilling rigs respectively for Saipem S.p.A and Ensco plc. Mr Wong Kok Seng, Executive Director of Keppel FELS said, “Rig completions and refurbishments are highly c
Hess Corporation today announced the completion of two transactions that bring Hess’ interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent respectively. On Sept. 29, Hess and Shell concluded a strategic trade in which Hess assumed Shell’s 28.0
Seadrill Limited announces today that it has successfully completed issuance of a US$350 million bond in the international market. The senior unsecured bonds have a coupon of 6.5% payable semi-annually in arrears and mature in October 2015. The bonds will be issued and redeemed at 100% of their prin
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million. This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was ann
Stadtwerke Lübeck acquires a 7.25 % share of the Danish offshore wind farm Nysted. In return, the Danish energy group DONG Energy will acquire Stadtwerke Lübeck’s 25.1 % share in the jointly-owned subsidiary DONG Energy Sales GmbH, meaning that DONG Energy will be the sole owner. After the transacti
Stadtwerke Lübeck acquires a 7.25 % share of the Danish offshore wind farm Nysted. In return, the Danish energy group DONG Energy will acquire Stadtwerke Lübeck’s 25.1 % share in the jointly-owned subsidiary DONG Energy Sales GmbH, meaning that DONG Energy will be the sole owner. After the transacti
Prosafe and Interpetroleum Services Limited have agreed to extend the bareboat contract for use of the semi-submersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico with 159 days. This is the first of a series of mutually agreeable extensions with a duration of up to six mon
INPEX CORPORATION (INPEX) announced today that it has completed the sale of all of its interests in Offshore Northwest Java Block (*) and Offshore Southeast Sumatra Block (**) to PT Pertamina Hulu Energi, the subsidiary of PT Pertamina, Indonesia. INPEX participated in Offshore Northwest Java Block
Wind power will constitute about 30% of the CHY5trillion ($747.8billion) investment that China plans to pour into the new energy sector from… (windpowermonthly) [mappress] Source: windpowermonthly, September 30, 2010;
RWE Dea announced today the signature of a suite of agreements providing for the processing and redelivery at the Teesside Gas Processing Plant (TGPP) of gas to be produced from its operated Breagh gas field in the UK North Sea, including agreements to facilitate the construction of a 10km long onsh
The Board of Titanium Resources Group Ltd is pleased to announce that it yesterday appointed Jan Castro and Michael Barton as Non-Executive Directors of the Company with immediate effect. Jan Castro Mr. Castro is the Managing Director of Pala Investments AG, the exclusive advisor to Pala Investments
Norwegian Energy Company ASA has signed an agreement to sell its shares in the Norwegian oil fields Oselvar and Enoch to Marubeni Corporation (Marubeni). Noreco’s main focus is finding oil and gas, and over the last years we have built a strong track record of exploration success. The final proof of
Nashville-based Hunter Marine Transport, Inc., has completed the purchase of the Ohio River dredging business of IMI-South’s Delta Division… (tennessean) [mappress] Source: tennessean, September 30, 2010;
