Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
Lars Hellberg, president of PowerTech, executive vice president and member of the board of management announced he will leave Wärtsilä to become the president & CEO of Fortaco Group, a Finnish industrial manufacturer. Hellberg is projected to leave Wärtsilä in mid-December 2013…
FMC Technologies, Inc. was awarded a US $1.2 billion contract from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field, and Saipem won a $3 billion contract for the subsea development of the field. The Egina field is located in Block OML 130 offshore Nigeria…
Trinidad and Tobago announced the signing of four production sharing contracts (PSCs) with Australia's BHP Billiton for four deepwater blocks that the company had previously won in December during the country's 2012 deepwater bid round. On…
Total announced that its subsidiary, Total Upstream Nigeria Ltd. (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corp. (NNPC) to award the main EPC contracts to develop the offshore Egina field…
ABB appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion (DM) division, to succeed Joe Hogan as CEO. Spiesshofer will transition into this role on September 15, 2013. Hogan will continue with ABB for an unspecified amount of time as senior advisor to the board…
CGGVeritas Services SA began a marine 3D seismic survey on June 10 for Karoon Gas Australia's WA-482-P permit area off the Northern Carnarvon Basin. CGG is utilizing the vessel Geo Caspian. The operation is expected to take abour 56 days…
Helix Energy Solutions Group, Inc. closed the sale of its pipelay vessel, the Caesar, to Trevaskis Ltd. Cash proceeds of approximately US$108 million of the total selling price of approximately $138 million were received at closing; the company…
A project to create the world's first subsea gas compression facility is a step closer after the main subsea frame for the project set sail from a Norwegian yard. Aker Solutions loaded out the 1800-tonne gas compression station steel frame from its yard at Egersund…
Ocean Rig UDW Inc. received a Letter of Award for its ultra deepwater drillship Ocean Rig Skyros. The Letter of Award is for five wells or a minimum of 275 days contract for drilling offshore West Africa, with an estimated backlog of approximately US $190 million…
InterMoor Inc., has become the first US-based company to achieve certification under Det Norske Veritas (DNV) 413: Service Suppliers Engaged in Renewal Survey Examination of Mooring Chain Intended for Mobile Offshore Units. InterMoor Inc…
Saipem was awarded new contracts in Latin America worth about US$500 million. In Venezuela, Saipem signed with Cardon IV to develop the Perla EP Project, in the Gulf of Venezuela. In Brazil, Petrobras assigned an EPCI contract to Saipem…
AWE Ltd. reported a second successful drillstem test (DST) at the Lengo-2 appraisal well 25 miles north-northwest of Tuban, Indonesia, with a maximum gas flow rate of 21.2 MMcfd. Gas samples were gathered for analysis. Partners in the Bulu PSC are: KrisEnergy Satria Limited (operator) 2…
Viking Offshore & Marine Ltd. will invest up to S$15 million to set up a dedicated innovation hub in Singapore.The center will be an enterprise hub for companies, and will combine research and development, collaboration, innovation, technology test-bedding…
Claxton Engineering Services Ltd, appointed Gerry Miller as VP sales, marketing, and commercial in a drive to strengthen its sales, marketing and commercial team. His base will be at Claxton’s headquarters in Great Yarmouth, UK. Ongoing…