Malaysia-based international offshore oilfield services company, Bumi Armada Berhad announced that its wholly-owned Russian subsidiary, Bumi Armada Caspian LLC signed a supplementary agreement worth RM567.6 million (USD178.5 million) with OOO LUKOIL-Nizhnevolzhskneft (“Lukoil”) for EPIC (engineering
Just three years after gaining a foothold in the Brazilian oil and gas market, a Tyneside based firm is buying out its South American partner to take full control of the growing business. Express Engineering, which is this year celebrating 40 years in business, established a £2 million 50:50 joint v
Rocksource ASA announces that the Group has signed an agreement with Explora Petroleum AS in which Explora will acquire a 10 per cent interest in Production Licence 559 in the Norwegian Sea. Further, Explora has an option to acquire an additional 30 per cent interest prior to a potential future dril
Subsea 7 S.A. announced the award of three contracts from Petrobras with a combined value (at the time of contract signature) of approximately US$1.6 billion for the construction and operation of three new-build flexible pipe-lay support vessels (PLSVs). The work scope of each of these 5 year contra
IHC Hydrohammer, part of IHC Merwede, has announced that it will supply piling equipment for the offshore foundation installation of two European offshore wind farm projects to Ballast Nedam Offshore. The long-term rental agreement between two leading companies in the offshore wind energy market is
Global supplier of fluid transfer systems FES International has won a £2m contract to supply BG Norway with 6 Automatic DBSCs. FES will supply an array of Automatic DBSCs to contractors NOV/Subsea 7 for a floating production, storage and offloading (FPSO) vessel operating in the Knarr field, in the
In a recent tender procedure JDR Cables secured a £330,000 contract from Tidal Energy Limited (TEL) for the design, manufacture and delivery of a submarine cable connecting the DeltaStream unit to the shore. An initial 400KW full scale single turbine unit will be installed as part of the first phase
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed production sharing contract (PSC) with PetroBroad Copower Limited (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east
Australian oil and gas leader Santos uses process automation technology from Emerson Process Management to coordinate and enhance operations across its US$18.5 billion Gladstone Liquefied Natural Gas project in Queensland, Australia. Emerson served as Main Automation Contractor for the project, prov
CCCC Shanghai Dredging said it has signed the Uruguay LNG dredging contract with Gas Sayago last week. With a construction period of 18 months and a total contract value of some 40 million U.S. dollars, the project is scheduled to commence on August 1, 2013. Gas Sayago is a joint venture established
Harkand, the international subsea inspection, repair, maintenance (IRM) and light construction group, has secured a contract with Maersk Oil North Sea Ltd. It will see the DP2 multi-purpose vessel the Relume deployed to conduct subsea inspection of the operator’s floating production units and floati
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea has reportedly won a tender to build up to 16 ice-class liquefied natural gas tankers for Russia’s Yamal LNG project. The agreement also allows transfer of rights to finance the tankers’ construction to third parties – shipping companies
Handal Resources Berhad (HRB), a Malaysian-based company which provides integrated offshore crane services, announced that they have executed a collaboration agreement with MEO Australia Limited, on 2 July 2013, in order to pursue and then possibly enter into a Risk Service Contract agreement with P
Technip announces that its wholly-owned subsidiary DUCO Ltd was awarded an important contract by Total Upstream Nigeria Ltd to supply umbilicals to the Egina field offshore Nigeria. This field is situated within the Oil Mining Lease 130, approximately 200 kilometers from Port Harcourt, at water dept
