Offshore Activity - page 574

 

Technip takes Inocean stake

Jun 25, 2014

Technip has agreed to take a majority stake in Norwegian firm Inocean after entering into a strategic cooperation agreement with the firm, to further develop offshore floater engineering services for the Norwegian continental shelf and other offshore markets worldwide…

Premier FD becomes CEO

Jun 25, 2014

Tony Durrant has been appointed CEO of UK-based exploration and production firm Premier Oil, with immediate effect. Durrant replaces Simon Lockett (pictured), who announced his plans to resign from Premier Oil in February this year. Read…

Ithaca spends $170m on assets

Jun 23, 2014

UK-based exploration and production firm Ithaca Energy has agreed to buy non-operated stakes in three producing fields from Sumitomo Corporation.  The deal, worth about US$170 million, will see Ithaca take a further 20% interest in the Shell-operated central North Sea Cook field…

US House debates LNG export bill

Jun 20, 2014

Updated 26 June The US House of Representatives passed bill HR6, the Domestic Prosperity and Global Freedom Act on 24 June, after debates held this week. The House Energy & Commerce (E&C) committee approved HR 6, authored and sponsored by Rep…

Statoil, COSL reach agreement

Jun 18, 2014

Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…

BP, CNOOC sign 20-year LNG deal

Jun 17, 2014

BP and the China National Offshore Oil Corp. (CNOOC) signed a heads of agreement regarding the supply of up to 1.5MTPA of liquefied natural gas (LNG) over 20 years starting in 2019, the supermajor announced on 17 June 2014.  The agreement…

Shell cuts stake in Woodside

Jun 17, 2014

Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…

Faroe raises £65 million

Jun 16, 2014

UK-based exploration firm Faroe Petroleum raised has £65 million in a stock market placing, which had hoped to raised £45 million.  The firm, focused on Norway, the Atlantic Margin, and the North Sea, the cash will be used to pursue…

CAN Group racks up contract renewals

Jun 13, 2014

CAN Group announced today that it has secured two major contract renewals, totalling approximately £200million. Along with an increase in business, the two contracts will lead to the safe-guarding of 150 jobs. The Aberdeen headquartered…

BG signs Windsor Knutsen charter

Jun 13, 2014

KNOT Offshore Partners LP formed an agreement with Brazil Shipping I Ltd., an affiliate of BG Group, for the time charter of shuttle tanker Windsor Knutsen, the company announced on 13 June 2014. The charter has an initial term of two years…

SBM axes tenders with Petrobras

Jun 12, 2014

Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…

Ross and AGR win contracts

Jun 11, 2014

AGR and Ross Offshore have both this week announced frame agreements with Norwegian clients.  AGR won a five-year frame agreement, with several extension options, with BP Norge for consultancy services.  AGR's Norwegian team, based in Stavanger…

C-NLOPB offers Jeanne d'Arc basin block

Jun 11, 2014

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced details of a Call for Bids in the Canada-Newfoundland and Labrador Offshore Area. Call for Bids NL14‑01 (Jeanne d’Arc Region), consists of one parcel equaling 108…

Oilfield Helping Hands, OilOnline 'Profile Share' extends to June

Jun 09, 2014

It isn’t too late to help oilfield families in financial need due to an unexpected life crisis, which can happen to any of us.  This is an opportunity for those in the oil & gas industry to help their own. OilOnline, an integrated oil & gas career…

AziPac buys into offshore Indonesia block

Jun 09, 2014

Mitra Energy Ltd. entered into a farm-out agreement with AziPac for the partial assignment of Mitra's participating interest in the Bone PSC offshore Indonesia, the company announced on 9 June 2014. Under the terms of the agreement, Mitra…

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