CAMAC Energy Inc. has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-35 km off the coast of Ghana. The ESWT block size is 1,508 square kilometers (370,000 acres) in water depths rangin
On 27 and 28 March 2014, the Petroleum Safety Authority Norway carried out an audit of project management and manufacture of valves for the Polarled pipeline. Objective The objective of the audit was to monitor that the project has been planned and carried out in compliance with applicable regulatio
In a press conference during the Offshore Technology Conference, Wild Well announced a joint agreement with Check-6 to develop the next generation of well control training for the oil and gas industry. The partnership will result in a new standard of training by providing the industry with access to
James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc – the UK’s leading marine services provider, announces the signing of a cooperation agreement with Mammoet Salvage B.V a division of Mammoet. Operating for over 200 years and with a global office network, Mammoet is the world
Freeport-McMoRan Oil & Gas (FM O&G) has entered into a definitive purchase and sale agreement to sell its Eagle Ford Shale assets for $3.1 billion to a subsidiary of Encana Corporation (Encana). FCX estimates after tax net proceeds from the transaction of approximately $2.5 billion. Approximately ha
Baker Hughes Incorporated announced today that the international rig count for April 2014 was 1,349, up 4 from the 1,345 counted in March 2014, and up 48 from the 1,301 counted in April 2013. The international offshore rig count for April 2014 was 329, down 5 from the 334 counted in March 2014, and
Meggitt said that its Heatric heat exchanger business has been awarded a contract by JGC Corporation for the supply of printed circuit heat exchangers (PCHEs) for the Petronas’ second floating LNG facility (PFLNG 2). JGC leads a consortium for the development of the PFLNG 2 which will be located in
Saipem has been awarded an EPCI contract from Petrobras for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt Region, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo States. The scope of work includes engineering, proc
Saipem has won four new Engineering & Construction contracts, onshore in Saudi Arabia and offshore in Brazil, for a total amount of approximately $4 billion. Saipem has been awarded by Saudi Aramco three contracts in Saudi Arabia for onshore engineering and construction activities. Two EPC contracts
EOC Limited, one of Asia’s leading providers of offshore oil and gas development and production solutions, has secured an award worth in excess of $40 million including options for the Lewek Chancellor. Under this award with an oil major, the accommodation and construction barge will provide full su
Reef Subsea has successfully secured its first pipeline trenching project for the industry-leading Q1000 jet trencher on the Sierra L5 pipeline for client GDF SUEZ. This month, Reef Subsea will mobilise its state-of-the-art Q1000 jet trencher on-board the Reef Despina Construction Support Vessel to
Songa Offshore, an international offshore drilling company, has announced its rig fleet update for April 2014. Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 96% during the month working for Mubadala Petroleum in Malaysia. The rig went off contract on May 6, and
Statoil executive vice president for its North American operations Bill Maloney said that the company has set a goal of recovering an average of 70% of the oil in its Johan Sverdrup field in the Norwegian continental shelf. “We’ve set a very large goal for oil recovery for Johan Sverdrup,” says Malo
TGS announces the expansion of multi-client 2D surveys offshore Eastern Canada with plans to acquire more than 30,000 km of seismic data, in partnership with PGS, utilizing two vessels during the 2014 acquisition season. The M/V Sanco Spirit, utilizing the PGS GeoStreamer® technology, will acquire s
