Aker Solutions has on 22 December 2010 entered into a share purchase agreement (SPA) whereby it has agreed to transfer operations within its Process and Construction business area to Jacobs Engineering Group Inc. (Jacobs), one of the world’s largest and most diverse providers of professional technic
AGR Drilling Services has signed contracts with Petrobras to provide its RMR® services for the corporation’s offshore operations. The two-year deals initially apply to operations in the Rio Grande do Norte/Ceara region, based in Natal. The Norwegian firm’s patented Riserless Mud Recovery system will
DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its Board of Directors has approved a share purchase program for up to a total of $25.0 million of common stock of its majority-owned subsidiary
Afren plc (“Afren” or the “Company”), issues the following update on development activities for the Ebok field, located offshore south east Nigeria. * Flow tests to date on three producers on the Central Fault Block have delivered a constrained aggregate rate of 12,500 bopd * Test data confirms init
Nido Petroleum Limited , as Operator of Service Contract 54A (SC 54A),provides this update on the well testing of the Tindalo-1ST1 following the completion of recent workover operations. Each of four potentially productive zones are separated by inflatable external casing packers and were tested ind
Seadrill has entered into a conditional agreement with BP Trinidad and Tobago LLC for a firm two year contract plus further one year option period for the newbuild semi-tender West Jaya offshore Trinidad and Tobago. Contract value for the firm period is approximately US$140 million including a mobil
ANCAP closed on December 13, 2010 an international tender for the acquisition of between 5.600 and 7.000 kilometers of 2D seismic data covering the Punta del Este and Pelotas basins as well as gravimetry and magnetometry data. Petroleum Geo-Services (Norway), CGG Veritas (France), GXT Ion (USA), Ref
Ulstein Group has sold nearly 70 offshore ship designs since the company started to develop Ulstein designs in 1999. Over 40 of these designs are for X-BOW® vessels, a new hull design that was launched five years ago. 15 X-BOW® vessels are already at work, and the feedback from crew is overwhelming.
Mechanical engineering group EnerMech has acquired Aberdeen Valve Supplies Ltd (AVS) in a deal believed to be worth around £1.5 million. AVS and its subsidiaries LG Ball Valves Ltd and Valve Paint Shop Ltd supply valves, valve controls and associated equipment and services to the oil, gas and petroc
Statoil has given Aker Solutions the assignment to build and install a compressor module on the Kristin platform in the Norwegian Sea. The module will help to improve recovery from the Kristin and Tyrihans fields. The engineering, procurement, construction and installation (EPCI) contract is for top
Cove Energy plc , the East African oil and gas exploration company, announces that the Belford Dolphin drillship has arrived on location at the Tubarao well site. This follows cessation of operations on the Lagosta gas discovery which has been suspended to allow for future flow testing. As announced
The Chairman of Clough Limited, Mr Keith Spence(Top row; 1st right to left), announced today that Chief Executive Officer, Mr John Smith, has advised the Board that he will be retiring from Clough around the fourth anniversary of his tenure, in August 2011. Clough has commenced an internal and exter
Xcite Energy Limited announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations. Key
Vantage Drilling Company announced that its customer for the Sapphire Driller has advised Vantage that it believes the current political disruptions in Côte d’Ivoire constitute a force majeure event under the drilling contract. The Sapphire Driller has just completed its work offshore Gabon and was
