MODEC announced today that Petróleo Brasileiro S.A. (“Petrobras”), through its subsidiary Tupi B.V., on behalf of Consortium BM-S-11, has signed a Letter of Intent (LoI) for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-
AgustaWestland, a Finmeccanica company, and Bond Aviation Group, announce that they have signed an MoU today that will see both companies work together to establish a multi-year contract covering the purchase of AW139, AW169 and AW189 helicopters for offshore oil and gas support, HEMS, SAR and emerg
Nexus Energy Limited (Nexus) has received shareholder queries following the departure of CEO Richard Cottee from Nexus and confirms that the unexpected resignation was not related to any transaction with respect to Crux and does not impact in any way on the Company’s announced strategy with regards
Tap Oil has put its stake in the big Zola gas discovery, which is likely to play a part in the expansion of Chevron’s $29 billion … By Peter Klinger, The West Australian [mappress] Source:TheWestAustralian , September 29, 2011;
Polarcus Limited announced today that the Company’s ultra-modern 12-streamer 3D seismic vessel, POLARCUS ALIMA, has achieved a significant first in the seismic industry, having successfully transited to Asia-Pacific via the Northern Sea Route (NSR). Her passage commenced on 15 September from Hammerf
Aker Solutions has won a contract to conduct the basic engineering for the development of Total’s Hild field in the Norwegian North Sea. The contract value is about NOK 215 million. Aker Solutions’ scope of work includes engineering for several building blocks, including topside, jacket, an FSO (flo
Technip was awarded a major procurement, installation and operation support contract by Petroleos de Venezuela S.A. (PDVSA) covering subsea, onshore and offshore facilities, for an accelerated production system on the Mariscal Sucre Dragon development, offshore Venezuela. The Mariscal Sucre Dragon f
For the first time, the Offshore Energy conference program will offer a session on unconventional gas. On Wednesday afternoon, October 12th speakers from Baker Hughes, Cuadrilla Resources Nederland , EBN and the University of Groningen will discuss the world wide potential for unconventional gas, po
Oil output at the Buzzard oilfield in the UK North Sea has recovered close to its normal rate of 200,0000 barrels per day (bpd), two trade… Reporting by Emma Farge; Editing by Alison Birrane (Reuters) [mappress] Source: Reuters, September 28, 2011;
Halliburton has been notified that an award of approximately $200 million has been issued to Barracuda & Caratinga Leasing Company (BCLC) by the panel hearing an arbitration proceeding filed by BCLC against KBR. The arbitration proceeding is related to a contract between BCLC and KBR for the develop
The ministry of petroleum plans to attract $50 billion by which development of most remaining phases of the South Pars gas field will come to an end, Iran’s minister of petroleum, Rostam Qasemi announced . He went on to say that, the petroleum ministry plans on funding other oil and gas fields would
BP said on Tuesday it was suspending production at three platforms at its Azeri-Chirag-Gunashli (ACG) Caspian oil field for up to 15 days… Reporting by Lada Yevgrashina, writing by Amie Ferris-Rotman, editing by Thomas Grove (Reuters) [mappress] Source: Reuters, September 28, 2011;
The Petroleum Safety Authority Norway (PSA) is hosting a seminar at its premises in Stavanger on Wednesday 19 October 2011 concerning pipelines and risers – both rigid and flexible. The focus will be on pipeline integrity from a systems perspective. The purpose of the seminar is to enhance general k
The government and Reliance Industries are formulating a strategy to ramp up output from the KG-D6 block by 30-35 million metric standard… Source: Economic Times [mappress] Source: Economic Times, September 28, 2011;
