Nautilus Minerals Inc has become the first private sector organisation to be granted offshore exploration licences in Fiji. The Fijian Government has granted the company 14 special prospecting licences, covering a total of approximately 60,000 km2. The territory is considered highly prospective, hav
CNOOC Limited announced that, according to the latest statement by ConocoPhillips China Inc (COPC), the Operator of Penglai 19-3 oil field, more oil-based drilling mud (OBM) on the sea floor was identified. This addition brings the revised volume of OBM on the seabed to 400 cubic meters (2,500 barre
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction and support vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The c
DECOM North Sea member company, PDL Solutions (Europe) Limited, have been awarded a framework agreement with Shell UK Ltd to provide advanced Computational Fluid Dynamics (CFD) and Finite Element Analysis (FEA) support to the Shell UK engineering team on the Brent Decommissioning Project. PDL are a
Deepwater mooring specialist, First Subsea, has been awarded a contract by Chevron U.S.A. Inc. to supply the mooring connectors for the Jack & St. Malo semisubmersible hub production facility in the Jack and St. Malo fields located approximately 280 miles south of New Orleans, Louisiana, in water de
Nautical Petroleum plc announces that the Kraken 9/02b-5 pilot well, located in UKCS North Sea Block 9/2b, has successfully encountered oil in the Heimdal III sandstone interval. The pilot well was drilled to a total depth of 4,785 feet Measured Depth (MD). The top of the target Heimdal III reservoi
Aker Solutions has secured a contract with Murphy Sabah Oil Co., Ltd. to deliver a subsea production system for the Kikeh subsea expansion project off the coast of Sabah in East Malaysia. Contract value is undisclosed. The scope of work includes the delivery of deepwater oil production equipment suc
On August 9, SOCAR as leader of the Shah Deniz Export Negotiating Team announced that a request for proposal (RFP) and a request for information (RFI) has been issued to the three main prospective EU pipeline groups for transit of Shah Deniz gas to Europe. These are IGI Poseidon, Trans-Adriatic Pipe
In Tuesday, Jubilant announced the results of Appraisal Well DDE-APP-1 in the Deen Dayal East Field in the KG Block, which was spudded on the 1st of January 2011. The well was drilled by the operator (GSPC), with the objective of appraising the hydrocarbon bearing sands of the KG-16 discovery well a
GDF SUEZ and Industrial and Commercial Bank of China Limited (ICBC) have signed a Memorandum of Understanding (MoU) for Financing Cooperation on a non-exclusive basis. This MoU aims at supporting GDF SUEZ in the financing of its projects throughout the world, in particular in Asia Pacific and in Chi
Marlink, the largest provider of maritime satellite communications, has recently extended its contract with offshore vessel operator Simon Møkster Shipping AS for a further 5 years. As part of the latest agreement, Marlink will continue the provision of its Sealink™ VSAT services aboard 18 existing
Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a rate of USD 69,
SapuraCrest Petroleum Berhad Monday signed a conditional agreement to acquire Clough Limited’s marine construction and offshore engineering operations in Australia, UK and US for a cash consideration of AU$127 million The agreement was signed in Perth, Australia, by SapuraCrest Executive Vice-Chairm
NetSurvey (part of the MMT Group) have been awarded Lot 2 of the Civil Hydrography Programme (CHP) by the UK Maritime and Coastguard Agency (MCA). This is a multi million pound, multi year contract with options for extensions. The CHP surveys are the most technically advanced hydrographic surveys cu
