London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…
Statoil ended a joint license agreement with Bahamas Petroleum. Bahamas Petroleum says Statoil is dropping its involvement in the agreement following its exploration successes elsewhere and a subsequent review of its global portfolio…
Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…
Statoil is working to secure a well drilled from its Snorre A platform in the North Sea, after drilling fluid was lost during operations on Saturday night.Drilling fluid is used to maintain pressure in a well during drilling. Statoil…
Denmark-based MacArtney Underwater Technology Group projects record-breaking growth within its North American markets for underwater technology. This marks a key contribution to the overall strategic ambition of the MacArtney Group to double turnover between 2010 and 2015…
Petrobras awarded a US$24 million contract to Prysmian Group for downhole technology (DHT) systems. The DHT systems for offshore oil and gas extraction application will be delivered in July 2014, and will be manufactured in the Prymian Group’s facilities in Bridgewater…
Emerson Network Power has been selected as the main uninterruptible power supply (UPS) systems provider for Shell’s Prelude floating LNG project. Prelude is the world’s first floating liquefied natural gas (FLNG) project, currently under construction in Korea…
Technip Norge AS has awarded Kvaerner a sub-contract for the fjord base and support services related to the upending and make-ready for mating operations of the substructure for the Aasta Hansteen spar platform (pictured at right). Kvaerner's…
Singapore-based Ezra Holdings has said it is considering listing its subsea services division EMAS AMC in the US and has appointed J.P. Morgan Ltd. as an advisor. Ezra said it was looking at strategic options, to increase its international profile and position of EMAS AMC…
Cobalt International Energy Inc. appointed Gregory S. Sills as executive vice president and chief development officer with accountability for the planning and execution of Cobalt's worldwide projects. This appointment is effective January 27…
Albwardy Marine Engineering opened the Damen Shipyards Sharjah FZE (DSS) in the Sharjah Hamryah Free Zone on 13 Jan 2014. In a joint venture between the Damen Shipyards Group and Albwardy Marine Engineering, the core activities at DSS will…
Petronas awards integrated contracts Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three-year integrated offshore installation contract. PETRONAS awarded its Pan Malaysia Integrated…
The government of New Zealand awarded five permits for offshore oil and gas exploration in Block Offer 2013. Australia’s Woodside Energy Holdings and New Zealand Oil and Gas were jointly awarded two offshore permits-one in the Taranaki region…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round. The licensing round offers 30 offshore areas, including 19 deepwater blocks. These blocks are predominantly in the Rakhine Offshore Area (12 blocks)…
PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
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