Iranian Oil Minister Bijan Namdar Zanganeh has called for allocating as capital and equipment as necessary to complete the development of the South Pars gas field in the shortest possible time. He has emphasized that the priority should be placed on phases 12, 15, 16, 17, and 18 of the gas field, th
SeaBird Exploration Plc (“SeaBird”) announces that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term
Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded the contract to supply the design and an integrated solution for a new large platform supply vessel (PSV). The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore, the Norwa
SCEE announced that its LNG focussed joint venture KSJV has received a Limited Notice of Award from Bechtel to perform Electrical Installation Services works at the Australia Pacific LNG project on Curtis Island in Queensland. The awarded value of the subcontract will be $50m subject to final agreem
Chariot Oil & Gas Limited, the Atlantic margin focused oil and gas exploration company, announced that the Brazilian National Agency of Petroleum, Natural Gas and Biofuel (ANP) has approved and signed the concession agreement for Chariot’s 100% interest and operatorship in licences BAR-M-292, BAR-M-
Tullow Oil plc (Tullow) announces that the Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned. The Buzio-1 well is the second deepwater exploration well drilled in Area 2 and targ
FLEX LNG revealed in a statement released on Monday that it has executed with Samsung Heavy Industries (SHI) a binding and final settlement agreement. As a result, arbitration proceedings have been discontinued and all actual and potential claims and counterclaims arising out of past relationships a
TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway, received a cancellation of a offshore contract with Kleven Verft AS. The contract, announced 24 May 2013, was awarded with a initial cancellation right that was valid until 1 August. This cancellation right was la
Harkand, the international subsea inspection, repair, maintenance and light construction group, has confirmed the acquisition of the main assets and business of Veolia Marine Services (“VMS”). The transaction is in line with the announcement of 21 May 2013. The acquisition adds 150 onshore and offsh
Karoon Gas Australia has announced that at 06:00 WST on the 30th of August wireline logging of the ConocoPhillips-operated Proteus‐1ST2 borehole, off W. Australia, was ongoing. Since the last update the 4‐1/8” hole section was drilled from the 5” liner shoe at 4920 metres below rotary table (“mRT”)
Solstad Offshore announces that Subsea 7 has declared their option to extend the contract for the construction vessel “Normand Subsea”. The extension is for one year from March 2014, and it is the first of a total of four yearly options. The Normand Subsea is an IMR, Survey and Light Construction ve
IMW Industries, a wholly-owned subsidiary of Clean Energy Fuels Corp., today announced a master purchase contract with China Gas Holdings to supply up to 416 natural gas compressors and related technologies for the construction of up to 310 public access compressed natural gas (CNG) stations in Chin
Shell has announced it was a successful bidder for one block in the Western Gulf of Mexico Lease Sale 233, held by The U.S. Department of the Interior’s Bureau of Ocean Energy Management on Wednesday. “Shell bid on one block and was the apparent high bidder on Alaminos Canyon Block 772 with a bid of
Statoil has declared its option for one year extended period for the Time Charter party with Eidesvik Offshore for the environmental friendly LNG powered PSV Viking Princess. The extended period starts ultimo November 2013. This is the first of two yearly options on this contract. “We are pleased wi
