BP confirmed on Thursday that it has signed an agreement aimed at keeping its half stake in TNK-BP – Russia’s third-biggest oil company. The development apparently resolves a long-ranging battle for control with its local partners. BP said in a statement that an overhaul of the governance structure
Project Updates – September 3, 2008 The Otago Daily Times in New Zealand reports that work on deepening the entrance to Oamaru Harbour will start shortly. The Times said Waitaki District Council has let a contract for the work to Rooney Earthmoving Ltd. The council has been setting aside NZ$100,000
News – September 4, 2008 Exim News Service reports that maintenance dredging at Paradip Port in India has resumed after several days following the breakdown of a dredger deployed by Dredging Corporation of India (DCI). DCI has reportedly deployed another dredger, Aquarius, to undertake the remainder
News – September 4, 2008 Chichester Harbour Conservancy in the UK has issued a notice to mariners advising them that sea defence work will shortly be under way at Hayling Island. 1. Mariners are advised that work to nourish the Hayling Island seafront will start week commencing Monday 8 September 20
News – September 4, 2008 The Port of New Orleans says its facilities “were spared serious damage” in the wake of Hurricane Gustav and Coast Guard and Port officials are working to expedite the re-opening of the Mississippi River to deep-draft vessel traffic. “Our Mississippi River facilities, which
The most extensive turnaround ever implemented at StatoilHydro’s Mongstad refinery and oil terminal north of Bergen starts today, 2 September.
OKLAHOMA CITY, OK AND HOUSTON, TX, SEPTEMBER 2, 2008 – Chesapeake Energy Corporation (NYSE:CHK) and BP America (NYSE:BP) today announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billi
New North Sea asset owner Taqa is planning to take up residence in the UK oil capital by taking out a lease on a brand new building in Aberdeen. From the company’s headquarters in Abu Dhabi, Taqa announced it is to open new offices to manage its new North Sea assets after acquiring a 10-year [&helli
AMEC has won a five-year offshore programme management consultancy (PMC) contract from Zakum Development Company (ZADCO) in Abu Dhabi, United Arab Emirates. The deal is estimated to be worth US $75 million over the five years – the largest oil-related PMC contract ever awarded by ZADCO. AMEC will pr
Norwegian-listed oil and gas explorer Artumas says Tanzania’s government has given the greenlight for it to finalise talks on a deal to export compressed natural gas (CNG) to off-take clients in Kenya. The group said it can now move forward to conclude project agreements, including long-term gas sal
Seismic explorer TGS-NOPEC on Wednesday revised the numbers of the vote at its special shareholders meeting the previous day – showing an even more emphatic rejection of the planned merger with Norwegian sector rival Wavefield-Inseis. The proposed merger last year between the two listed groups fell
Seismic explorer TGS-NOPEC on Wednesday revised the numbers of the vote at its special shareholders meeting the previous day – showing an even more emphatic rejection of the planned merger with Norwegian sector rival Wavefield-Inseis. The proposed merger last year between the two listed groups fell
Electro-magnetic offshore survey provider OHM is preparing to cut back its operations by sub-letting one of its two survey ships after a lower than expected level of demand for its services. OHM – Offshore Hydrocarbon Mapping – said “difficult and testing” trading conditions have remained in effect
StatoilHydro has awarded Alliance Engineering a concept feasibility study for a new fixed jacket platform and topsides production facilities for its Valemon field. Valemon, located in about 135 meters (440 feet) of water in the Norwegian sector of the North Sea, is seen as a key part of StatoilHydro
