KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture…
MAN compressor installed offshore MAN Diesel & Turbo in Zurich was awarded a contract to deliver a HOFIM (high-speed, oil-free, integrated motor) compressor to Det norske oljeselskap ASA. It is MAN’s first hermetically-sealed compressor to be installed on an offshore production platform…
Eni CEO Paolo Scaroni outlined the Italian company’s exploration progress and activities within the country to the President of the Republic of Mozambique Armando Guebuza. Eni announced that the “possibility of enlarging the shareholder base of Area 4 was favorably received by the President…
Maersk Drilling has taken delivery of its first ultra harsh environment jackup, Maersk Intrepid, from the Keppel FELS shipyard in Singapore on time. Maersk Intrepid will start its mobilization to the Norwegian North Sea in about two weeks…
The industry has been lazy when it comes to adopting intelligent energy solutions, but it will need them more to be competitive and attract staff, according to senior oil executives. The comments were made during day two of the SPE Intelligent Energy conference in Utrecht (pictured)…
Brazil's FINEP extended the deadline for submitting proposals for the Inova Petro program. This is the second tender protocol of the BRL 3 billion (US$1.33 billion) program. The proposals need to be submitted by 24 April 2014. The aim of the program is to foment projects on R&D…
A lot has changed for Statoil in the past four years. In 2010, the company had two core exploration areas (the Norwegian Continental Shelf and the US Gulf of Mexico), said Jez Averty, Senior Vice President of Exploration for Statoil, North America…
Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC. GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation…
Shell has appointed Houston-based consulting firm, Endeavor Management to advise the supermajor in preparation for a possible revamp of Shell's Chukchi Sea drilling campaign. Endeavor said it will provide support and advice for a third…
Aker Solutions’ former well intervention services business, which was acquired by private equity fund EQT VI in January this year, has been restructured and will operate under two brands from 22 Apr 2014: Altus Intervention and Qinterra Technologies…
Roc Oil Ltd. has farmed in to a production sharing contract (PSC) in three fields about 50m off Malaysia. The D35, D21 and J4 fields are 100% owned and operated by Malaysia’s Petronas Carigali, with Roc Oil holding 50% participating interest…
Global demand for energy and the technical challenges facing the oil and gas exploration and production industry means business as usual is no longer an option, Shell's chief technology officer says. Gerald Schotman said the industry…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a letter of intent (LOI) from Eni Angola, a wholly-owned subsidiary of Eni, for a contract for the chartering, operation, and maintenance of…
BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a floating production unit (FPSO) to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction…
“The South China Sea is not the new Persian Gulf. It should just be thought of as an important part of the supply picture of this region,” Alexander Metelitsa, an economist at the US Energy Information Administration (EIA), told delegates at IP Week in London…
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