Iona Energy Inc. announces it has agreed through a Letter of Intent (LOI) to purchase, from Fairfield Cedrus Limited, a 100% interest in Block 3/8d containing the Staffa Oil Field. The transaction is subject to approval of the U.K.’s Department of Energy and Climate Change (“DECC”), finalization of
Flexlife, an oil & gas industry specialist in subsea project and integrity management, announced today (October 13) it has signed a Memorandum of Understanding with Petrobras to develop and provide a new integrity management system and specialised engineering services for its international oil and g
The Shah Deniz field was discovered in 1999. It is located 70 km from the coast in water depths of 500-600 meters… Reported by: Rufat Abbasov (news.az) [mappress] Source: Shah Deniz, October 14, 2011;
Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million. Several major South Korean shipyards have awarded Aker Solutions
The Netherlands is known worldwide for its maritime expertise, advanced technology and innovative shipyards. Europort 2011 (8 till 11 November) is the place where this expertise, technology and innovation comes together. Innovative developments in ‘Advanced Technology’ in the various Dutch maritime
Norway’s Troll A natural gas platform is running at a third of capacity, or 40 million cubic metres per day, operator Statoil said on … Reported by: Victoria Klesty (Reuters) [mappress] Source: Reuters, October 13, 2011;
Hyperdynamics Corporation announced the commencement of drilling operations today at its initial exploration well in its concession offshore the Republic of Guinea. The Sabu-1 well will be drilled by the Jasper Explorer drill ship. The water depth at this location is approximately 700 meters. The ta
STX Finland Oy has signed a contract for the construction of two large offshore modules for the North Sea. The modules will be delivered from STX Finland´s Turku Shipyard at the end of year 2012. The project will bring some 250 man-years of labour to Turku Shipyard. The construction of these two lar
A comprehensive two-day underwater examination conducted by Transocean and the US Coast Guard (USCG) on October 4th and 5th confirmed that there are no hydrocarbons leaking from of the sunken Deepwater Horizon or the riser, the pipe that linked the rig to the well head before the Macondo accident la
McDermott International, Inc. announced that one of its subsidiaries has signed a partnership agreement with Eng. Khalid S. Al Shoaibi, of the Shoaibi Group, to form McDermott Arabia Engineering, a company specializing in engineering and consulting services to the offshore oil and gas industry in Sa
JSC United Shipbuilding Corporation (USC) has placed an order for two platform supply vessels at St. Petersburg-based Baltic Shipyard. The… (PortNews) [mappress] Source: PortNews, October 13, 2011;
BP and its partners are developing four new oil and gas projects that together will involve a total investment of almost £10 billion in the UK’s oil industry over the next five years and help to maintain BP’s production from the North Sea for decades to come. The UK Government today granted BP and [
Seismic operator Dolphin Geophysical renews the charter party regarding the seismic vessel “Polar Explorer” with 12 months, starting from January 2012. The vessel is a 2D/ice vessel from 1998, rebuilt in 2004. “The agreement ensures continued high employment and good balance for our fleet, substanti
Maersk Drilling has signed a contract with LOTOS Exploration & Production Norway AS, for the ultra harsh environment jack-up rig MAERSK GUARDIAN for work on the 7/8-7 well offshore Norway. It is a one-well contract with an estimated duration of 55 days. Commencement is scheduled for the third quart
