Woodside has executed a five year US$1.1 billion syndicated loan facility with 34 domestic and international banks. Funds from the loan will be used to repay the US$1.1 billion syndicated loan facility executed in May 2009. Australia and New Zealand Banking Group Limited and The Bank of Tokyo-Mitsub
Havyard Group is strengthening their efforts and focus in the Brazilian market by creating Havyard South America. Through our new company we can give much better support to Brazilian customers wishing to buy Havyard Group`s products and services. Havyard South America`s office in Rio de Janeiro is p
“The toughest vessels in the world are the x-bows. And in the film world, the villain is the toughest. Therefore, an x-bow vessel is the villain in the latest ‘Elias’ animation. And that’s why we invited you to the cinema tonight”. These are John M. Jacobsen´s words. He is the producer of the animat
BP PLC today said it will delay its plans to drill offshore Libya until next year, citing a decision not to use its original drill rig for “operational reasons.” “We’re changing the rig,” a company spokeswoman told Dow Jones Newswires. “Current plans are to begin drilling onshore and offshore in 201
Helix Energy Solutions Group, Inc. – notes that certain news articles have been reported regarding the Company’s Deepwater Containment System (DCS). The Helix DCS provides a solution that centers on three vessels, the Helix Producer I, the Q4000 and the Express, each of which played a role in the Ma
Bounty Oil & Gas NL announces that the joint venture has received approval from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities (DSEWPC) for the drilling of New Seaclem-1, in PEP 11 offshore Newcastle, NSW. Formal advice has been given to Asset Energy Pt
Offshore service vessels (OSV) are becoming larger, more specialized and technically sophisticated as a result of the rising demand for more complex deepwater field developments, including the Gulf of Mexico. Currently, there are some 2,500 OSV worldwide, with a steady growth projected from now thro
Expro’s Connectors & Measurements team has been contracted to provide Aker Solutions in Brazil with new medium power subsea electrical connection systems, in a multi-million dollar contract. These will be installed in eight new MoBOs (subsea boosting systems from satellite wells). Expro will provide
McDermott International, Inc. , announced today that one of its subsidiaries was awarded a contract by Arena Offshore, LP for construction and installation of a platform for Arena’s “Riker” Prospect, located at Eugene Island Block 338 in 275 feet of water. The company’s Morgan City fabrication facil
Chevron Corporation announced a $26.0 billion capital and exploratory spending program for 2011. Included in the 2011 program are $2.0 billion of expenditures by affiliates, which do not require cash outlays by Chevron. Acquisition costs associated with the recently announced purchase of Atlas Energ
With a lifting capacity of a total of 2,000 tonnes and speed of 20 knots, it’s the world’s largest heavy lift vessel to date: SAL Schiffahrtskontor Altes Land puts the first of two new buildings of Type 183 into service. The company, which ranks among the leading international heavy lift shipping co
The average daily production in October 2010 was about 2 230 000 barrels of oil, NGL and condensate. This is 406 000 barrels more than in September 2010. Gas production was about 9,3 billion Sm3, which is 3.6 billion Sm3 more than in September. The liquid production in October was: 1 868 000 barrels
National Oilwell Varco, Inc.,a multinational corporation based in Houston, Texas, announced that it has acquired Advanced Production and Loading PLC (“APL”), a subsidiary of BW Offshore Limited . APL, based in Norway, designs and manufactures turret mooring systems (photo) and other products for Flo
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion of key infrastructure projects being the 30-inch 40 km trunkline and Phase II expansion of the Central Processing Facility (“CPF”). The 30-inch 40 km trunkline, which runs from Block II to the
