Oslo-based pump maker Bjoerge will enter the rig-propulsion business with U.S.-based Flowserve and a new concept to make thrusters more efficient, it was understood Friday. 
Thailand’s latest oil and gas round has attracted 41 applications for 21 mostly landward blocks — an eclipse of last year’s interest — with local supermajor Chevron seeking out three offshore blocks, Reuters reported Friday. 
Process automation company Honeywell has notched 17 percent higher net income for second-quarter 2007 year-on-year, a $611 million result that coincides with a buy-up in its process solutions unit. 
Private equity and venture capital firm 3i will invest an undisclosed amount in Singapore-based deepwater mooring expert Franklin Offshore, it was learned Friday. 
Aberdeen market favourite Venture Petroleum is in for a £200-million ($410.5-million) investment by 3i and energ investor ArcLight Capital Partners in exchange for a 10-percent share that’ll put the institutions in the boardroom. 
Genesis Petroleum has hired AGR Petroleum Services to undertake a complete well services project and make available the Byford Dolphin semi-submersible rig to drill the company’s first U.K. well early in 2008.
NNPC, Total eye 100,000 bpd Ofon 2 Jul 19, 2007
Nigerian National Petroleum Corp. and Elf (Total) have started Phase 2 of the Ofon field development, 50 kilometres off the southwest coast of the West African country. 
Total of Paris has had to halve production at its 220,000-barrel-per-day Dalia field offshore Angola, after a turbo generator failed, it was understood Thursday. 
Drilling contractor Noble Corp. has posted a 60-percent earnings increase over the year-ago period and upped shareholder value 66 percent despite $342 million spent on major equipment orders. 
Pearl Exploration and Production Ltd. has signed a Letter of Intent to acquire a 24% working interest in the Mooney oil field from Ravenwood Energy Corp. ("Ravenwood"), a private oil and gas company. |
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Halliburton has been awarded a contract as provider of completion products and services to a group of energy companies for operations throughout Malaysia for a term of five years. The group includes PETRONAS Carigali, Exxon, Shell and Newfield. Valued at (USD) $200 million, the contract has the potential to extend beyond the five-year term. 
Toronto-based E&P company Serica Energy has secured the load of $100 million from JPMorgan Chacse Bank, North America, and the Bank of Scotland to fund its oilfield development work on three continents, it was understood Wednesday. 
Ireland-based Caspian explorer Dragon Oil has increased its first-half 2007 production by 52 percent to 28,300 barrels of oil per day, with an eighth new well planned for month’s end. 
Africa-focused explorer Afren has farmed into Excel Exploration & Production Ltd.’s Eremor field development in Nigeria, where officials have given their go-ahead for development. 
Premier has separated itself in Pakistan from a $64-million-year joint venture with Kuwait Foreign Petroleum Exploration Co., just as the company’s international assets require attention ahead of surrendering hydrocarbons. 
Venture Production expects 2007 to end with the company producing 60,000 barrels of oil equivalent per day after a year in which downtime sent volumes lower by three percent for a damaged tanker, foul weather and gas “blow down”. 
Southern Pacific Resource Corp. has received the results of the updated resource report from Degolyer MacNaughton Canada Ltd. (“D&M”) in regard to their South Leismer area. The Leismer South area consists of 25 contiguous sections of 80% owned lands in Townships 75–76-10W4. The Corporation’s bitumen resource base increase reflects the completion of the seismic and successful drilling at South Leismer, which was completed in the spring of 2007. 
Lloyd's Register EMEA, in conjunction with Caledonian Geotech Ltd and the Maritime Institute in Gdansk, has recently conducted what is believed to be the first offshore North Sea pipeline in-service survey using a multi-beam echo sounder (MBES). 
Plains Exploration & Production Co. will acquire Pogo Producing Co. for $3.6 billion in stock and cash in a deal that will create a new entity wielding 1.4 billion barrels of oil equivalent, it was announced Tuesday. 
Statoil would neither confirm nor deny on Tuesday the Norwegian state champion had been invited by Gazprom Neft, the gas monopoly's oil business, to help develop a field offshore Sakhalin island. |
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