FMC Technologies, Inc. announced today that it has been awarded a contract by Petrobras to supply three subsea boosting stations for the Parque das Baleias development, located offshore Brazil’s Espirito Santo state in the Campos Basin. The contract has an estimated value of $40 million. “The Horizo
Golar LNG Limited announced that it has executed a USD $1.125 billion financing agreement to fund the first 8 of its 13 newbuild vessels and FSRUs. The facility is divided into three tranches: A term loan of USD $450 million funded by a consortium of lenders and guaranteed by a 95% Korea Trade Insur
Gas Natural Fenosa (GNF) and Repsol have signed two medium- and long-term gas supply agreements, Repsol said in a statement. The first agreement is for the supply to Repsol of 2 billion cubic metres of gas a year between 2015 and 2018. Repsol has also signed an agreement to acquire from Gas Natural
Eni and China National Petroleum Corporation (CNPC) have concluded Eni’s sale to CNPC of 28.57% of Eni East Africa’s shares, owner of a 70% interest in Area 4, located off the coast of Mozambique. The deal was closed on the basis of the price sanctioned by the agreement signed on 14 March 2013, equa
Siem WIS has entered into a contract with M-I Swaco for the supply of its pressure control device (“PCD”) services. The Siem WIS PCD services shall be used in connection with M-I Swaco’s manage pressure drilling (“MPD”) services for Statoil on the Gudrun and Valemon fields in the North Sea. The oper
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan, provides an update on North Sea Licence P1974 containing the Malvolio prospect in Block 3/23a. Further to the announcement of 31 January 2013, the Company conf
AGR has been awarded a contract to provide project management services to large independent operator ‘Hunt Oil’ for the drilling of one exploration well located in Permit WA-425-P offshore north Western Australia. AGR Regional General Manager, Bruce Roebuck, said: “AGR is looking forward to working
Halliburton Company announced that it has reached an agreement with the U.S. Department of Justice to conclude the department’s criminal investigation of the company in relation to the April 20, 2010 incident involving the Macondo well in the Gulf of Mexico. A Halliburton subsidiary has agreed to pl
Liquefied Natural Gas Limited announced that it has entered into a Project Development Cooperation and Equity Term Sheet (Agreement) with Stonepeak Partners LP, in relation to the Company’s 100% owned Magnolia LNG Project (MLNG Project), in Louisiana, United States. The Agreement details the key ter
Polarcus Limited (“Polarcus” or the “Company”) announces that the Company has entered into a three year agreement with ION Geophysical Corporation (“ION”) to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus’ proven exper
The Bureau of Safety and Environmental Enforcement (BSEE) announced that the flow of natural gas under pressure at the Hercules 265, South Timbalier 220 natural gas well, has stopped. The gas flow was feeding the rig fire, which has decreased to a small flame. The rig and natural gas well are locate
Technip was awarded two contracts, worth a substantial total value, to supply flexible pipes for the Egina field operated by Total Upstream Nigeria Ltd, offshore Nigeria. These contracts cover the qualification and supply of: – 12 dynamic flexible jumpers from 3.5″ to 12.5″ for oil production, gas l
Sterling Resources Ltd. is providing an update regarding the impending commencement of first production from the Breagh field. Sterling has been advised that first gas sales from the Breagh field is now expected late August to early September due to some remedial works identified during the commissi
Höegh FLNG, a fully owned subsidiary of Höegh LNG Holdings, has been awarded a pre-FEED study for a jetty-moored 2 mtpa FLNG near shore barge FLNG solution for a North American LNG export project. The study will be executed in 2nd half of 2013 with a potential for conducting a full FEED in 2014, Höe
