Under a contract recently awarded by Repsol Sinopec Brasil, Fugro is to provide geophysical, geotechnical,and metocean services to support the development of Block BM-C-33 off Brazil and its associated export route(s). The multidisciplinary project includes a marine survey campaign…
Following Mitsui’s decision to divest its 35% share of the project, AWE Limited, New Zealand Oil & Gas, and Pan Pacific Petroleum, via their subsidiaries, will increase their respective interests in the Tui area oil project for $US14.9 million…
Goldman Sachs, ATP and PFA have agreed to invest DKK11 billion in DONG Energy - with a final agreement expected to be concluded before the end of 2013. The Danish state, represented by the ministry of finance, and DONG Energy, have reached…
Heavy lifting, transport and installation firm Jumbo has launched its new K3000 class vessels with the launch of the Jumbo Kinetic from the Brodosplit shipyard in Split, Croatia. The vessels have a large, unobstructed hold and flush decks and are certified 1A Finnish Swedish Ice Class…
Noble Energy, Inc. has downgraded the gross resource potential of its A-2 appraisal well, drilled on the Block 12 discovery offshore the Republic of Cyprus. With the reserve potential initially set between 5-8Tcf, the company has now lowered its figures to 3…
GDF SUEZ signed a 15-year BOOT (build, own, operate and transfer) contract with Gas Sayago SA for LNG storage and regasification services in Uruguay. The GNL del Plata plant is located offshore in the Punta Sayago area, near Uruguay's capital Montevideo…
Dubai-based Dragon Oil plc has leased two LeTourneau S116E jackup rigs from BKE Shelf Ltd to use in its Cheleken Contract Area, offshore Turkmenistan. The Neptune and Mercury have been contracted for a period totaling three years. Neptune…
Business Monitor (BM) released its latest findings on Nigeria’s volatile oil and gas sector from its newly-published Nigerian Oil and Gas Report. The report notes that Nigeria's hydrocarbon sector continues to struggle amid a worsening political and business environment…
Premier and Rockhopper Exploration plc have signed a heads of agreement with Falkland Oil and Gas Limited (FOGL) to farm-in to licences PL004a and PL004c, conditional on the completion of this morning’s announced combination of FOGL and Desire Petroleum plc…
Availon, a leading wind farm service provider, announced that it was awarded a complete maintenance contract for Vattenfall’s 12MW Jänschwalde wind farm, located near Cottbus in the German federal state of Brandenburg. Availon was already…
Lundin Petroleum AB and its partner Gunvor Group signed a heads of agreement with Rosneft Oil Company to jointly sell 51% of PetroResurs LLC. PetroResurs, the Russian subsidiary of Lundin, is the 100% owner of the Lagansky block license…
The Switch, supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications, and Yaskawa Electric Corp., a global manufacturer of servomotors, controllers, inverters…
Shell announced that production has begun from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s southeast coast. The BC-10 project is comprised of several subsea fields which are tied back to the Espírito Santo FPSO vessel…
GE Oil & Gas won a contract to provide turbomachinery equipment for the Yamal liquefied natural gas (LNG) megaproject under development on the Yamal Peninsula in Russia’s northern Siberia region. GE will supply six Frame 7E gas turbines…
Lundin Norway AS confirmed a significant oil find in its Ghota discovery following the completion of a successful flow test of exploration well 7120/1-3, which proved gas flow at a rate of approximately 4,300 b/d. The test showed good production…