Statoil has completed an agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the Norwegian Continental Shelf and exit Schiehallion and Rosebank fields West of Shetland. Statoil is reducing its…
Cargotec's MacGregor has entered into an agreement to acquire Aker Solutions' mooring and loading systems unit for an enterprise value of approximately EUR180 million. The unit, known by the Pusnes brand name, provides mooring equipment…
Ulstein has been awarded a ship design contract from Vroon Offshore Services, taking the total number of offshore ship designs it has sold in 14 years to more than 100. Of the designs sold, 74 were for Ulstein's X–BOW design, launched in 2005…
Tullow Ghana Limited has awarded two contracts for work on the TEN project worth about US$1.23 billion. The contracts will be shared between Technip and Subsea 7, who are working as part of a consortium on the project. The TEN project is in the Deepwater Tano contract area…
China’s CNOOC announced that the Suizhong 36-1 Phase II adjustment project has commenced production. The Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai in an average water depth of approximately 30m. Four…
OGX Petróleo e Gás Participações S.A.’s (OGX) board of directors has nominated Gilberto Carvalho Lima as exploration officer of OGX. Lima joined OGX in 2011. Lima has more than 35 years of experience in the oil industry, having held…
Innovation was a key theme at the opening plenary at OTC Brasil 2013 this week. Renato Bertani, CEO of Barra Energia do Brasil and president of the World Petroleum Council discussed how innovation has changed the oil and gas industry for the better…
Norwegian engineering and construction firm Kvaerner has opened an office in Moscow to position itself for future arctic construction projects. Kvaerner's office in Moscow is being led by Andrey Plotnikov, with a staff of 10 people currently focusing on business development activities…
Dolphin Geophysical has been awarded three new 3D seismic contracts with undisclosed clients. Two of the contracts will be for 3D campaigns in Mediterranean waters, starting immediately. The third contract is a 3D seismic contract over an existing producing field in the North Sea…
Cobalt International Energy has made two discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. On Block 20, the Lontra #1 well confirmed an oil and gas discovery. Further evaluation, including a drill stem test…
Subsea 7 SA's i-Tech division has been awarded a contract by Petrobras worth about US$60 million. The contract is for the provision of ROV’s and underwater positioning services on board the platform supply vessel (PSV) Far Saga, operating offshore Brazil…
Petrobras, the operator for the BM-S-9 consortium, announced that the company's affiliate, Guará BV, has signed a letter of intent to charter, through Modec Inc. and Schahin Petróleo e Gás S.A., an FPSO for use in production development of the pre-salt layer in the Carioca area…
The US-Russia Business Council (USRBC) held its 21st annual meeting on 29 October in Houston, Texas. Various panels discussed topics ranging from Russia’s global integration to its over-dependency on oil and gas to investment in the country…
A framework agreement to supply drilling, wells and petroleum technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the five year contract runs until 2018, and has options to extend until 2023. The…
By Thom Payne, Douglas-Westwood Singapore Last week’s auction for production rights to Brazil’s 12 billion bbl Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’…
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