Candover and partners sell Aibel for $900M Jul 3, 2007
A private equity syndicate of Candover, 3i and JPMorgan Partners has sold offshore services outfit Aibel to an investor group led by Ferd Private Equity Fund II of Norway.

Revus debuts in U.K. North Sea Jul 3, 2007
Norwegian independent and market favourite Revus Energy has farmed into two northern North Sea blocks to mark its debut in the U.K. sector, it was learned Tuesday.

Bowleven finds oil-gas cache in Cameroon Jul 3, 2007
Edinburgh-, Scotland based Africa explorer Bowleven has made a “significant” oil and gas discovery in shallow water offshore Cameroon, it was understood Tuesday.

Empyrean, partners cheer Margarita gas Jul 3, 2007
U.K. independent Empyrean Energy has reported another gas discovery at the Margarita project on the Gulf Coast of Texas, it was announced Tuesday.

Brazil strike no stopper, as oil industry surges Jul 3, 2007
Brazil's Petrobras workers appear to have agreed a five-day strike just as the government announced a report suggesting worldwide oil companies will help investments in the oil province reach $133 billion by 2016, it was learned Tuesday.

Hydro, ONGC swap acreage, knowhow Jul 3, 2007
Hydro and Indian state oil company ONGC have a penned a deal giving the soon-to-be-merged Norwegian oil company access to exploration acreage on the deepwater India shelf and the prolific east coast.

Wood Group to run Triton three more years Jul 3, 2007
Wood Group Engineering has secured three more years of work operating and maintaining the floating production, storage and offloading vessel Triton for an estimated $120 million, it was learned Tuesday.

Oceanteam signs first contract with Nexans Norway Jul 3, 2007
Offshore construction outfit Oceanteam Power & Umbilical has hired out its DP2 cable lay and repair vessel TEAM OMAN to Nexans Norway for umbilical repair work in the Middle East.

Sibir Energy announces production record Jul 3, 2007
Sibir today announces that the crude oil production rate at its Salym fields now exceeds 80,000 barrels per day (bopd), a new record for the company. The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD, Sibir’s 50:50 joint venture with Shell).

BP closes CATS pipeline after anchor strike Jul 2, 2007
BP has closed down the CATS gas pipeline network after a remotely operated vehicle on Sunday discovered damage caused by the dropping of a ship’s anchor onto pipe and concrete casing.

Awilco orders $197M in gear ahead of rig order Jul 2, 2007
Drilling contractor Awilco Offshore has secured a drilling package from National Oilwell in Kristiansand, Norway for a fourth new-build, semi-submersible drill rig not yet ordered.

Statoil flying Canadian to 2015 with $1B CHC hire Jul 2, 2007
Statoil has signed contracts with Canadian flyer CHC Helicopter Service for flights between offshore installations and the coastal cities of Bergen and Floro and the maintenance of a standby chopper at the Statfjord B platform.

Salamander to “share wealth” with PetroVietnam Jul 2, 2007
U.K. independent Salamander Energy has signed a production-sharing agreement with PetroVietnam ahead of exploration in the Cuu Long River, it was understood Monday.

Aker DOF Supply raising stock on Norway ties Jul 2, 2007
Norwegian interests have agreed to form supply ship company Aker DOF Supply on the heals of another joint venture, Aker Oilfield Services, to be owned 50-50 this time by Aker Capital and DOF.

Universal goes to work for 1st Texas Jul 2, 2007
Texas producer Universal Energy Resources, Inc has sold all its assets — said to be $650,000,000 worth — to 1st Texas Natural Gas Company, Inc., it was announced Monday.