Tangiers Petroleum Limited has resolved to place A$5 million worth of shares, before costs, through the private placement of 31.25 million shares to specified wholesale, institutional and sophisticated investors at A$0.16 per share (“Placement”) in Australia, the United Kingdom and Hong Kong. The
The Board of Mediterranean Oil & Gas Plc has announced that, in line with the operational plan established with the Operator, ENI, production has been increased on the Guendalina Field well GUE 3ss. After a period of monitoring production post the well intervention conducted in January 2014, product
Apache is getting ready to spud the Phoenix South-1 well, in the WA-435-P permit, offshore Western Australia. Carnarvon Petroleum Limited, a company with a stake in the permit, said today that Apache Energy, the operator of the block, has advised that the Atwood Eagle semi-submersible drilling rig i
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, and the SJC Consortium have announced that SubCom, the supplier that will perform the upgrade for SJC, has begun implementation of a network upgrade to the Southeast Asia-Japan Cable submarine ca
Technip was awarded by Marathon Oil Norge a contract for the extension of subsea infrastructure on the Alvheim field, located on the Norwegian Continental Shelf. The scope of work includes installation engineering, procurement, fabrication, installation and tie-in of spools and protection covers as
Atlantic Petroleum today announces that operations regarding the re-entry of the 6104/21-2 Brugdan II exploration well on Faroes Licence 006 have begun. The Brugdan II 6104/21-2 well was drilled in 2012 and suspended in late November that year as the weather was closing in. The well is being re-ente
Chart Industries said that its Distribution & Storage (D&S) Asia business has entered into a strategic supply agreement to provide Shandong Hanas New Energy (Hanas) equipment for 50 permanent liquefied natural gas (LNG) fuel stations, including installation and commissioning of this equipment, over
Statoil has awarded Front End Engineering Design (FEED) contract for Johan Sverdrup field pipelines to IKM Ocean Design. Concept selection for Johan Sverdrup was made in February 2014. The field is located south of Grane, north-east of Sleipner and about 140 km west of Stavanger. Water depth in the
Statoil has awarded the Johan Sverdrup Infield Pipelines FEED contract to IKM Ocean Design. Concept selection for Johan Sverdrup was made in February 2014. The field is located south of Grane, north-east of Sleipner and about 140 km west of Stavanger. Water depth in the area is 110-120 meters. Produ
Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, includes a consideration of $200 million and an effective date of 1 January 2013. “This transaction is part
JX Nippon Oil & Gas Exploration Corporation has announced that its subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Malaysia with a participating interest of 75%, has recently received the approval of the Field Development Plan for Layang Field in B
Qatar Petroleum (QP) has announced plans to invest over 40 billion Qatari Riyals ( $11 billion) in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline.
ABB, a global leader in power and automation technology, has secured a new order to supply electric power plant and Azipod propulsion units for one icebreaker vessel built for Finnish Transport Agency (FTA) at Arctech Helsinki Shipyard. The competitive bidding was done between several suppliers. Due
Höegh LNG (HLNG ) said that it has signed a letter of intent (LOI) with Egyptian Natural Gas (Egas) for the use of one of its FSRUs under construction at Hyundai Heavy Industries as an LNG import terminal in the port of Ain Sokhna, located on the Red Sea’s Gulf of Suez. The FSRU will be moored at a
