Apache Corporation said today that its subsidiary Apache Julimar Pty Ltd will proceed with development of the Balnaves oil field in Production License WA-49-L offshore Western Australia. The field was discovered by Apache in 2009 during exploration and appraisal drilling in the Julimar-Brunello comp
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB announce an updated estimate of the recoverable Contingent Resources from the Avaldsnes discovery in licence PL501, located in the Norwegian North Sea on the Norwegian Continental Shelf (NSC). Lundin Petroleum is the operator of PL50
Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA (Sevan), a Norway-based developer, owner and operator of FPSO units, and acquire an equity interest
Bridge, the Oslo Axess-listed oil and gas exploration and production company announced that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The in
Asia Offshore Drilling Limited (the “Company”) has decided to increase the water depth capacity from 350 feet to 400 feet for its three jack-up rigs under construction. This investment will increase the marketability of the rigs, allowing them to successfully operate in more offshore areas. The addi
Kreuz Holdings Limited ,a subsea services provider for the oil and gas industry, today announced that the Group’s order wins has increased to over US$100 million this year after securing its fourth subsea installation contract win this year worth approximately US$6.23 million from a leading offshore
Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts worth a total of S$142 million. These conversion contracts are to convert a Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU), a VLCC tanker to a Floating Storage and Offloading (FSO) unit as well as a ta
Sindre Rotevatn (51) has been appointed finance manager and deputy managing director of Ulstein Verft AS. He will take up the position in November. “I am looking forward to joining ULSTEIN and to my new role as finance manager and deputy managing director of Ulstein Verft,” says Sindre Rotevatn. He
EnerMech has completed an umbilical flushing and cleaning contract on behalf of Schlumberger in Singapore. The workscope included hydraulic oil flushing on two 24 core umbilical reels and associated subsea tools. The work scope included use of EnerMech’s flushing rig and COMPAR Microscope analysis k
Thirty-four U.S. lawmakers on Wednesday asked the Spanish oil company Repsol to keep out of Cuban waters, saying the firm’s pending offshore… By Erika Bolstad (Miami Herald) [mappress] Source: Miami Herald, September 29, 2011;
Heerema Fabrication Group (HFG) completed the construction of the minimum facilities platforms for the Clipper South Development and the Breagh Alpha Development. Both EPC (Engineering, Procurement and Construction) contracts were awarded by RWE Dea UK. At the HFG Vlissingen fabrication location, th
Ankara is sticking to its oil and gas exploration activities as planned in eastern Mediterranean Sea despite continued unease voiced by its… Source: Hurriyetdailynews [mappress] Source:Hurriyetdailynews , September 29, 2011;
A&P GROUP’S Tyne shipyard has completed its second order this year for Subsea 7 – one of the world’s leading subsea engineering and construction companies. The Hebburn yard has just finished repairs to the construction and cable-laying vessel Acergy Eagle, similar to the work it carried out in the s
BP will discuss divesting some of its assets in Europe and North America to India’s Reliance Industries as it seeks to deepen its … Source: Reuters [mappress] Source: Reuters, September 29, 2011;
