BMT ARGOSS, a subsidiary of BMT Group Ltd, has announced a joint initiative with the Met Office, the UK’s national weather service, and Oceanweather Inc, to help support oil and gas majors with offshore engineering design and operational planning in the mid-Atlantic region. The main deliverable of t
Vard Holdings Limited (“VARD”) has entered into a Letter of Intent with Solstad Offshore (“Solstad”) for the design and construction of a large Offshore Subsea Construction Vessel (OSCV). The contract will be the largest single vessel order in VARD’s history. The vessel is a VARD 3 19 design, develo
Gazprom Marketing & Trading Singapore (GM&T Singapore) said it has signed a Master Sales and Purchase Agreement (MSPA) with PetroVietnam Gas (PV Gas). The agreement was signed at a ceremony in Ho Chi Minh on 4 March. The ceremony was attended by senior representatives from both companies, including
Fast-Growing international subsea inspection, repair and maintenance (IRM) group Harkand is to position a second dive support vessel in the burgeoning North Sea sector after securing a major contract with CNR International (CNRI). The contract will see Harkand deliver jacket life extension works, IR
A charter agreement between expanding subsea contractor DeepOcean and Maersk Supply Service has triggered an order for a Damen Offshore Carrier DOC 8500 – the second order for this new ship design from Damen Shipyards Group. The DOC 8500 will extend DeepOcean’s capabilities in the larger cable layin
Petroleum Geo-Services ASA (PGS) established Export Credit Financing for the two (third and fourth of a series of four) Ramform Titan-class vessels scheduled for 2015 delivery. PGS has through a wholly owned subsidiary signed two loan agreements for together $305 million to finance the two new build
Global Marine Systems, a world leading marine installer and maintenance provider of submarine fibre optic cables, has ordered Nexans’ fibre optic cable for three major telecommunications projects in Northern Europe. This major contract covers the supply of around 1,050 km of Nexans URC-1 unrepeatere
Toyo Engineering said it has been awarded a regasification plant project by Petronet LNG of India. The plant is to be constructed at Dahej, located in the State of Gujarat on the west coast of India, to expand the LNG receiving capacity from 10 million tons to 15 million tons per year. Toyo-India wi
SacOil, the South African based independent African oil and gas company, reports that a 3D Seismic Data Acquisition project contractor has begun mobilization process in OPL 233 block, offshore Nigeria.
Otto Energy Ltd provides an update on the Galoc oil field reserves in the Philippines as at 1 January 2014. The operator of the Galoc oil field, Galoc Production Company WLL, a wholly owned subsidiary of Otto, has commissioned an annual review of remaining oil reserves from RISC, an independent cons
Mermaid Marine Australia has been awarded a contract for two PSV’s for long-term production support operations with INPEX Operations Australia. MMA will operate two newbuild Vard 1 08 PSV’s for the INPEX-operated Ichthys LNG Project with a fixed term of 5 years fixed plus two x five year options. Th
Airborne Oil & Gas B.V. and Celanese Corporation signed a strategic supply agreement for the development and supply of composite materials for pipe systems. “This multi-year alliance promises to further improve materials, systems and solutions that will meet the oil and gas industry requirements for
The month saw gross Huntington production peak at 34,420 boepd
Welltec Corporation, a Danish based, oil and gas services company, has been awarded a three year, direct contract from Esso Exploration Angola (Block 15) Limited (Esso Angola), Operator of Angola Block 15, for the provision of conveyance and well intervention services including clean-out and mechani
