Subsea 7 S.A. confirmed today the award of a contract valued at approximately $160 million to SapuraAcergy Sdn Bhd from PTTEP Australasia (Ashmore Cartier) Pty Ltd for the development of the Montara Development Project located in the southern Timor Sea approximately 690km West of Darwin. SapuraAcerg
Nexus Energy Limited (“Nexus”) refers to the article published today in The Australian Financial Review newspaper regarding speculation on the Crux liquids project. Nexus advises that it is in discussions with a contractor for the provision of an FPSO as well as a project financier and potential joi
Keppel FELS Limited (Keppel FELS) has delivered the KFELS N-Class jack-up rig, the Rowan Stavanger, to Rowan Companies, Inc. (Rowan) safely, on time and within budget. The second of three KFELS N-Class rigs being built for Rowan, this high-specification jack-up design is a product of Keppel’s rich e
Northern Offshore, Ltd. announced that Mr. Gary L. Bauer has joined the company as Senior Vice President, Operations. Gary W. Casswell, Northern Offshore’s president and CEO, said “Gary is a welcome addition to Northern Offshore, and we are very pleased to have him join our team. His extensive exper
MesoCoat, Inc., has recently signed a Cooperation Agreement with Petroleo Brasileiro S.A. (Petrobras), to develop and qualify MesoCoat’s „CermaClad™‟ process for the application of CRA (corrosion resistant alloys) to the internal and external surfaces of pipes using proprietary High Density InfraRed
Keppel FELS Limited (Keppel FELS) has secured new orders from Clearwater Capital Partners, LLC (Clearwater) to build a pair of premium KFELS B Class jackup rigs at US$360 million. The two high specification jackups are scheduled for delivery in 1Q 2013 and 2Q 2013 respectively. As part of the agreem
Fugro Brasil, along with consortium partner IPEX, has recently been awarded a deep water drop coring project by the ANP (National Oil & Gas Agency) for the Ceará Basin development plan in the north-east of Brazil, in order to increase knowledge of the equatorial margin basins. The project, valued at
The 4th edition of Navingo’s Offshore Energy Exhibition & Conference will move to Amsterdam RAI. Offshore Energy 2011 will take place on 11 and 12 October 2011. The event will now include one extra day. The extra day has a lot to offer visitors and exhibitors alike. Visitors will not have to miss an
Maersk, the Danish oil and shipping group, has opened a £750,000 offshore survival training centre in Portlethen, near Aberdeen. Ten jobs have already been created at the centre with a further ten expected over the next 12 months. The centre offers a range of offshore survival, maritime, medical and
Reliance Industries Limited (RIL) today reported its financial performance for the quarter / nine months ended 31st December, 2010. Highlights of Nine Months Performance * Turnover increased by 30.9% to ` 183,368 crore (US$ 41.0 billion) Exports increased by 29.2% to ` 100,995 crore (US$ 22.6 billio
GE announced today strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or .36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters. “GE ended 2010 with
Wood Mackenzie’s latest analysis of the UK upstream oil and gas industry finds that the steady recovery seen in 2010 will continue in 2011. Returning confidence will see capital investment nearly double from £4.4 billion in 2010 to £7.7 billion ($12.3 billion) in 2011, leading to a temporary halt in
The status of the Nord Stream Pipeline construction and the considerations of the Szczecin and Swinoujscie Seaports Authority regarding deepening and expanding the ports and its approaches were the focal point of a meeting between Nord Stream representatives and a delegation of the Seaports Authorit
Eni signed a Memorandum of Understanding today with CNPC/Petrochina, the biggest listed national oil company in the world. The Memorandum of Understanding sanctions a broad spectrum of possible business opportunities to the benefit of both parties in China and internationally. In particular, the com
