Norway oilfield spend to top $17B in ‘07 Mar 1, 2007Investments in oil and gas activities in Norway in 2007 will reach NOK104.6 billion ($17 billion) on the strength of new field developments, upgrades and pipelines.
Heerema ascends to Valhall with $155M prize Feb 28, 2007BP has awarded Dutch module maker Heerema the NOK950 million ($155 million) prize of installing the main deck of a new platform at the oil company’s North Sea field, Valhall.
Origin secures new exploration permits in the Bass and Canterbury basins and provides update on exploration activities Feb 27, 2007Origin Energy Limited provides the following developments in its operated Greenfield exploration areas in Australia, New Zealand and Kenya.
India and Australia discuss enhancing cooperation in oil sector Feb 26, 2007India and Australia have discussed the possibilities of further enhancing cooperation in the hydrocarbon sector.
J. Ray McDermott awarded North Belut contract Feb 26, 2007McDermott International, Inc. announced that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a $125 million contract during the fourth quarter of 2006 for the fabrication, offshore hook-up and commissioning of the North Belut Central Processing Platform ("CPP") topsides and a connecting bridge from the CPP to the Wellhead Platform.
Global Industries awarded $100 million contract in the Middle East Feb 26, 2007Global Industries, Ltd. announced that one of its subsidiaries has received a contract award worth approximately $100 million.
Schat-Harding re-engineers its range of on-load release hooks Feb 23, 2007The lifeboat and davit manufacturer Schat-Harding has completely re-engineered its range of on-load release hooks. The new hooks provide a safer solution and are less maintenance dependent than most of the hooks in use today.
P.A. Resources debt-finances N. African growth Feb 22, 2007P.A. Resources has borrowed $100 million from bond holders in Norway and elsewhere sure of the company’s plans at the Didon, Zarat and Elyssa fields in Tunisia, it was learned Thursday.
Cooper go-ahead on Kurnia Feb 21, 2007Australian-based oil and gas producer Cooper Energy Limited has further optimised its international exploration portfolio after today announcing that it has farmed out 15% of its 45% interest in the onshore South Madura Production Sharing Contract (PSC) in Indonesia’s East Java Basin.
India's L&T wins order for largest export project Feb 20, 2007Maersk Oil Qatar has awarded Larsen & Toubro Limited (L&T), a contract valued in the order of a quarter of billion dollars for its Block 5 development in Qatar, consisting of two new offshore platform top-sides, a flare platform and interconnecting bridge.
Rolls-Royce wins major ship design and equipment contracts in South America Feb 20, 2007Rolls-Royce has further strengthened its position in South America as a supplier of designs and equipment packages for offshore vessels with contracts for six platform supply vessels (PSV) worth around £45 million, including the first offshore orders from Chile.
Nexus Energy’s Crux-2 appraisal well in exploration permit AC/P23 Feb 20, 2007Nexus Energy Limited (“Nexus”) advises that as at 9.30 AM (ACST) this morning, the Crux-2 well in permit AC/P23, in the Browse Basin has reached a total depth of 3,926 m RT.
ENI granted Arctic living space for Goliat Feb 19, 2007Italian oil company ENI has been granted the acreage needed to appraisal drill the Goliat field for area finds, it was understood Monday.
Sulzer interested in acquisition of Weir Pump Lines Feb 19, 2007Sulzer is currently considering the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland. These belong to Weir Pumps Ltd., a business unit within Weir Group’s Clear Liquid division. The pump lines generate annual sales of around CHF 170 million (GBP 70 million).
Trican's Russian operations awarded contract Feb 16, 2007Trican Well Service Ltd’s Russian subsidiary ("Newco") has been awarded a three-year strategic contract with Yuganskneftegaz, a subsidiary of Rosneft, for the provision of hydraulic fracturing services in the Priobskoye oilfield in the Khanty-Mansiisk region of Western Siberia