Contractors Unlimited

Oil & Gas News Archive
July - September 2010

Share |

Aker Solutions Gets Subsea Umbilical Award from Noble Energy

Aker Solutions selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million.
30/09/2010 More »

ABB Resolves Foreign Corrupt Practices Act Issues and Will Pay a Total of $58.3 million

ABB announce settlements of anti-bribery investigations conducted by the U.S. Department of Justice ("DOJ") and the U.S. Securities and Exchange Commission ("SEC"). ABB Ltd and ABB Inc. will pay a total of $58.3 million in disgorgement, prejudgment interest and penalties to the DOJ and the SEC to resolve charges arising from payments related to projects in Mexico.
30/09/2010 More »

Technip Awarded Two Hydrogen Plant Contracts in the United States

Technip awarded two lump sum contracts by Valero Refining Company and Diamond Shamrock Refining Company (both part of the Valero group) for two hydrogen plants at their refineries in Memphis, Tennessee and McKee, Texas.
30/09/2010 More »

BP and the Gulf of Mexico Alliance Announce Implementation of BP's $500 Million Independent Research Initiative

BP and the Gulf of Mexico Alliance announce plans for the implementation of BP's $500 million Gulf of Mexico Research Initiative to study the effects of the Deepwater Horizon incident and the potential associated impact on the environment and public health.
30/09/2010 More »

TNK-BP Bags a Long-Term Contract to Supply ESPO Crude to PetroVietnam

TNK-BP enters into long-term contract with state corporation PetroVietnam, to supply of Russian ESPO crude. The one-year contract calls for delivery volumes to be agreed on a monthly basis.
29/09/2010 More »

Dudley Sets Up New Safety and Risk Unit and Signals Sweeping Changes at BP

BP to create new safety division with sweeping powers to oversee and audit the company's operations around the world. The Safety & Operational Risk function will have authority to intervene in all aspects of BP's technical activities.
29/09/2010 More »

Mott MacDonald Appointed on Iraq Gas Fields

Mott MacDonald appointed by BGR Energy systems to carry out detailed engineering and procurement support for the Akas and Al-Mansuria gas fields which are being developed by the State Company for Oil Projects.
29/09/2010 More »

Technip Awarded Subsea Contract for Total Islay in the North Sea

Technip awarded contract, worth approximately €70 million, by Total E&P UK Limited, as operator of the Islay Gas Field, to deliver full engineering, procurement, construction and installation (EPCI) project in the UK North Sea.
29/09/2010 More »

Foster Wheeler Awarded Contracts for BP Exploration's Forties Pipeline System in Scotland

Foster Wheeler's Global Engineering and Construction Group awarded two contracts by BP Exploration Operating Company Limited for its Forties Pipeline System at its Kinneil Terminal in Scotland.
29/09/2010 More »

McDermott Awarded a New Purchase Order for the Abu Safah Project in Saudi Arabia

McDermott International subsidiary awarded Contract Release Purchase Order under the Offshore Maintain Potential Project, as part of the Long Term Agreement with Saudi Aramco.
29/09/2010 More »

Statoil Strengthen UK Heavy Oil Position

Statoil and Nautical Petroleum sign an agreement whereby Statoil will acquire 20.67% of Nautical Petroleum's interest in UK offshore licence P335 containing the Mariner field.
29/09/2010 More »

Statoil Awards $75 Million Katla Project to FMC Technologies

FMC Technologies signs agreement with Statoil for manufacture and supply of subsea production equipment to support the Katla development. The award has a value of approximately $75 million in revenue to FMC Technologies.
28/09/2010 More »

Dana Petroleum: Recommendation to Accept Korea National Oil Corporation's Offer

Board of Dana (the "Board") notes announcement this morning by Korea National Oil Corporation ("KNOC") that, as at 1.00 p.m. (London time) on 23 September 2010, KNOC owned or had received valid acceptances in respect of a total of 59,468,291 Dana Shares which represents approximately 64.26 per cent. of the issued share capital of Dana, including the 29.5 per cent. of the issued share capital of Dana acquired by KNOC on 17 September 2010.
24/09/2010  More »

McDermott Awarded New Purchase Order for the Abu Safah Project in Saudi Arabia

McDermott International announce that one of its subsidiaries awarded Contract Release Purchase Order under the Offshore Maintain Potential Project, as part of the Long Term Agreement with Saudi Aramco.
23/09/2010 More »

FMC Technologies Awarded $520 Million Order for Total's CLOV Development

FMC Technologies signs agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project. The award has a value of approximately $520 million in revenue to FMC Technologies.
22/09/2010 More »

Expro Secures More Than 10 New Contracts and Contract Extensions

Expro secures more than 10 new contracts and contract extensions for work in the Europe CIS region for 2010/2011 worth more than $60 million including new well testing and wireline business.
22/09/2010 More »

BP Announces Intent to Join Marine Well Containment Company, Providing Experience and Equipment

BP announced today its intent to join the proposed Marine Well Containment Company and to make its underwater well containment equipment available to all oil and gas companies operating in the Gulf of Mexico.
20/09/2010 More »

Aker Solutions Signs Contract for Gudrun Tie-in to Sleipner

Statoil awards Aker Solutions the Sleipner Modifications Portfolio Agreement and the first project-specific agreements for engineering, procurement, construction and installation (EPCI) for the Gudrun tie-in to Sleipner in the North Sea.
20/09/2010 More »

BP Confirms Successful Completion of Well Kill Operations in Gulf of Mexico

BP today confirms that well kill operations on the MC252 well in the Gulf of Mexico now complete, with both the casing and annulus of the well sealed by cement.
19/09/2010 More »

New Subsea Contract Strengthens Expro's Relationship with Petrobras

Expro's Latin America Connectors & Measurements team awarded new master service agreement from Petrobrás for subsea electrical systems. Expro will provide on-site field support for all Petrobrás projects using its market-leading Tronic connectors for medium and high-powered subsea systems.
15/09/2010 More »

Technip Awarded Umbilical Framework Agreement Contract

Technip's wholly-owned subsidiary Duco Ltd., awarded seven year Framework Agreement Contract by Shell Upstream Europe for the supply of umbilicals.
14/09/2010 More »

TransCanada Launches Binding Open Season for Bakken Marketlink Project

TransCanada Corporation launches binding Open Season to obtain firm commitments from interested parties for the Bakken Marketlink Project, which would provide crude oil transportation service from Baker, Montana to Cushing, Oklahoma and to the U.S. Gulf Coast.
14/09/2010 More »

BP Re-Starts Relief Well Drilling Operations

BP re-started relief well drilling operations from the Development Driller III (DD3) today at 1:40 p.m. CDT following the successful installation of a lock down sleeve, a mechanical device that secures the MC252 well's casing hangar.
13/09/2010 More »

BP Update on Gulf of Mexico Oil Spill

BP provide update on developments in the response to the MC252 oil well incident in the Gulf of Mexico. BP continues to work with the guidance and approval of the National Incident Commander and in cooperation with the federal government.
10/09/2010 More »

Helicopter Safety the Focus of Oil & Gas UK's Aviation Workshop

One-day aviation seminar will bring together key players from the North Sea oil and gas industry and aviation interests to discuss the latest advances in UK offshore helicopter safety.
10/09/2010 More »

Suncor Energy Agrees to Sell Non-core UK North Sea Assets

Suncor Energy announce that, together with an affiliate, it has reached an agreement to sell a number of UK offshore assets for £240 million (approximately Cdn $390 million) to an affiliate of Dana Petroleum plc, with an effective date of July 1, 2010.
09/09/2010 More »

Chevron to Acquire Deepwater Interest Offshore Liberia

Chevron granted approval by the Liberian government to acquire a 70 percent interest and operatorship in three deepwater concessions in Liberia.
09/09/2010 More »

BP Releases Report on Causes of Gulf of Mexico Tragedy

BP publishes its internal investigation team's report into the accident on the Deepwater Horizon rig in the Gulf of Mexico on 20 April 2010. The investigation found that no single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year.
08/09/2010 More »

GE Oil & Gas Signs 3-Year Frame Agreement with E.ON Ruhrgas

GE Oil & Gas signs new 'Frame Agreement' with E.ON Ruhrgas A.G. The new agreement runs from April 22, 2010 for a three-year period.
08/09/2010 More »

TransCanada Launches Binding Open Season for Cushing Marketlink Project

TransCanada launch binding Open Season to obtain firm commitments from interested parties for the Cushing Marketlink Project, which would provide crude oil transportation service from Cushing, Oklahoma to the U.S. Gulf Coast.
08/09/2010 More »

Mustang Awarded Detail Design for Chevron Jack & St. Malo Deepwater Facility

Mustang selected by Chevron to perform detail design for topsides facilities for the Chevron Jack and St. Malo floating semi-submersible facility, to be located in approximately 7,000 feet of water in the Walker Ridge Area of the Gulf of Mexico.
07/09/2010 More »

BP Provides $10 Million to Support Study of Health Issues Relating to Gulf Oil Spill

BP to provide $10 million to the National Institutes of Health under its Gulf of Mexico Research Initiative to support a study of potential public health issues relating to the Gulf oil spill and other spill-related health research.
07/09/2010 More »

BP Update on Gulf of Mexico Oil Spill

BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
05/09/2010 More »

Husky Energy Acquires Foothills Natural Gas Properties

Husky Energy announces purchase agreement signed to acquire natural gas properties in west central Alberta, which will significantly add to the Company's production and reserves and extend the optimum utilization of its Ram River Gas Plant.
03/09/2010 More »

BP Update on Gulf of Mexico Oil Spill

BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
03/09/2010 More »

Mariner Energy Reports Fire Extinguished at Vermilion Platform

In a follow up to its news release issued last night, Mariner Energy, Inc. reports that the fire at its production platform on Vermilion Block 380 has been extinguished. The crew was transported to medical facilities onshore. No injuries have been reported.
03/09/2010 More »

Mariner Energy Confirms Fire at Production Platform on Vermilion Block 380 in the Gulf of Mexico

Mariner Energy, Inc. confirms that fire occurred at a production platform located on Vermilion Block 380, approximately 100 miles from the Louisiana coast. All 13 members of the crew have been evacuated and safely accounted for.
02/09/2010 More »

Nuclear The Example For Safety Culture

Senior industry figures explain to the US oil spill commission how the nuclear industry used self-regulation to transform levels of safety and performance.
02/09/2010 More »

TNK-BP Builds Up Oil and Gas Production in the Orenburg Region

Alexander Grabovsky, Vice President of TNK-BP and Director of TNK Orenburg, and Valery Batrashkin, General Director of OJSC Orenburgneft, hold press conference in Orenburg and summed up the performance of TNK-BP in the Orenburg Region in H1 2010.
02/09/2010 More »

Jacobs Receives Contract From IOT Infrastructure & Energy Services for Cavern Project

Jacobs Engineering Group receives contract from IOT Infrastructure & Energy Services Ltd. to provide engineering services for the Cavern Project to be built for Indian Strategic Petroleum Reserves Limited. The project is for the storage of crude oil in Visakhapatnam, India.
31/08/2010 More »

Wood Group Wins Contract with BP

Wood Group enters into contract with BP Operating Company Ltd to provide topside engineering and project management services for BP's Andrew Area Development project in the central North Sea.
31/08/2010 More »

Aker Solutions Awarded Marulk Tie-in to Norne in Mid Norway

Statoil award Aker Solutions Marulk tie-in to the floating production, storage and offloading vessel Norne. Project will be managed out of Aker Solutions' regional office in Trondheim.
31/08/2010 More »

Santos and Apache Development Major Boost for Western Australian Domestic Gas Supply

Santos to develop new gas supplies for the Western Australian domestic market by developing and producing gas from the Halyard field, which it owns with Apache Energy Limited.
30/08/2010 More »

Statoil Awards Bristow Norway Contract for Three New Helicopters

Statoil award Bristow Norway 10-year contract for three helicopters to fly from Flesland heliport in Bergen from 2012. Contract involves the use of three brand-new Sikorsky S92 helicopters, in addition to a new hangar and office facilities at Flesland.
30/08/2010 More »

KBR Awarded Second Contract by BP for West Nile Delta Development

KBR selected by BP to undertake the second stage of concept selection and definition for the onshore terminal and export pipelines for BP's West Nile Delta Development in Egypt.
26/08/2010 More »

TAQA Increases Equity in Flagship Bergermeer Gas Storage Project

Abu Dhabi National Energy Company PJSC (TAQA), a company listed on the Abu Dhabi Securities Exchange, announced today the signing of agreements for the transfer of a 24% stake in the Bergermeer Gas Storage project previously owned by Dyas B.V. and Petro-Canada Netherlands B.V. to TAQA for an undisclosed amount.
25/08/2010 More »

Xodus Wins FEED Study for Major Huntington Oil Field

Xodus Group win open tender for the Detailed Design of the Huntington Development, the largest oil and gas discovery in the UK Central North Sea for five years. It is expected to provide six months work for the Aberdeen and London branches of the 270-strong group.
25/08/2010 More »

Xodus Group Wins Subsea FEED Contract for Juliet Field

Aberdeen-headquartered energy consultancy Xodus Group win contract with operator GDF SUEZ E&P UK Ltd to deliver front end engineering and design study for the Juliet field in the Southern North Sea.
25/08/2010 More »

BP Deploying Advanced Unmanned Water Quality Monitoring Vehicles in Gulf of Mexico

As part of its long term monitoring and research program in the Gulf of Mexico, BP is deploying a new technology that will enable nearly constant monitoring by two satellite-controlled, unmanned vehicles.
25/08/2010 More »

Wood Group Kenny Awarded Front End Engineering Design for Jordbaer Field, Norway

Wood Group Kenny awarded Front End Engineering Design and related project management support activities for the BG Norge AS, Jordbaer field development. The proposed field development, located in the North Tampen region consists of a stand-alone FPSO with two drill centres in a water depth of approximately 410m.
25/08/2010 More »

Jacobs Receives Engineering Services Contract from IOT Infrastructure & Energy Services for Delayed Coker Unit

Jacobs Engineering Group Inc. receives contract from IOT Infrastructure & Energy Services Limited (formerly Indian Oiltanking) to provide engineering services for Indian Oil Corporation Ltd.'s Delayed Coker Unit project.
24/08/2010 More »

Statoil Continue Focus on Fast-track Developments

Statoil's four projects, PanPandora, Katla, Vigdis North-East and Gygrid are now the spearhead of Statoil's focus on fast-track developments.
24/08/2010 More »

Expro Secures 10 Subsea Contracts in its Europe CIS Region

Expro secures subsea contracts in its Europe CIS region for work in central North Sea and Norway with companies including Premier Oil and BP North Sea.
24/08/2010 More »

Kanowit Subsea Project Win for Aker Solutions

Aker Solutions, through its subsidiary in Malaysia - Aker Process Systems Asia Pacific, awarded two subsea contracts from PETRONAS Carigali Sdn Bhd. The first is a work order to supply subsea production system and services for the Kanowit field, while the second is a contract to deliver 5600 metres of subsea umbilicals that tie back the Kanowit subsea wells to the Kumang Cluster, Offshore Bintulu, Sarawak, Malaysia.
24/08/2010 More »

BP Begins Open Water Fishing Operation Following Successful Ambient Pressure Test

Forty-eight hour ambient pressure test was deemed successful. Under the guidance and approval of the National Incident Commander and Unified Area Command, BP authorized to begin open water fishing operations from the MC252 Blow Out Preventer.
21/08/2010 More »

BHP Billiton Group Announces Commencement of All Cash-Offer to Acquire PotashCorp

BHP Billiton today announced that an indirect wholly-owned subsidiary of BHP Billiton Plc, BHP Billiton Development 2 (Canada) Limited (the "Offeror"), commenced the previously announced offer (the "Offer") to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc. ("PotashCorp") at a price of US$130 in cash per PotashCorp common share (the "Offer").
20/08/2010 More »

Dana Petroleum Statement in Response to Announcement by Korea National Oil Corporation ("KNOC")

Board of Dana notes the announcement by KNOC today of the terms of a cash offer to be made for the entire issued and to be issued ordinary share capital of Dana at 1800 pence per share and the terms of a cash offer for the Dana Convertible Bonds (the "Offers").
20/08/2010 More »

Technip and PETRONAS Subsidiaries Agree to Establish Strategic Business Collaboration

Technip agrees with Malaysia Marine and Heavy Engineering Holdings Berhad and Malaysia Marine and Heavy Engineering Sdn Bhd, subsidiaries of the Malaysia National Oil Corporation Petroliam Nasional Berhad to establish a long-term strategic collaboration.
20/08/2010 More »

FMC Technologies Receives $36 Million Call-Off from Total

FMC Technologies receive call-off order from Total Exploration & Production Angola for the manufacture and supply of additional subsea production equipment. The call-off is for one option included in an existing contract.
19/08/2010 More »

SNC-Lavalin Awarded Contract in Alberta's Oil Sands

SNC-Lavalin awarded engineering and procurement contract by Grizzly Oil Sands ULC for its new Algar Lake Steam Assisted Gravity Drainage facility located near Fort McMurray in north-eastern Alberta. Work has begun out of SNC-Lavalin's Calgary office.
19/08/2010 More »

AMEC Awarded £60m Contract by EDF Energy for Gas Storage Facility Extension

AMEC awarded contract worth over £60 million by EDF Energy to extend a gas storage facility in Cheshire. The contract, at the Hill Top Farm facility at Warmingham, will see AMEC design, install and commission the filtration and compression facilities, after-cooling, de-hydration, metering and utility equipment.
19/08/2010 More »

Halliburton Awarded Letter of Intent for Development of Majnoon Field in Iraq

Halliburton awarded letter of intent by Shell Iraq Petroleum Development B.V. for the development of the Majnoon field in Southern Iraq. Contract is still subject to final approval by appropriate Iraqi authorities.
19/08/2010 More »

BP Begins Flushing MC252 Subsea Equipment In Advance of Ambient Pressure Testing

Under guidance and approval of the Unified Area Command, BP authorized to begin flushing drilling mud and hydrocarbons from the MC252 well sealing cap and the original Deepwater Horizon Lower Marine Riser Package and Blow Out Preventer.
19/08/2010 More »

Reflex Marine Sees Demand Grow Globally for TORO Crew Transfer Capsule

Recognised experts in marine personnel transfer, Reflex Marine, meets global demand for its TORO crew transfer capsule selling 30 across offshore Asia-Pacific, Europe, North and West Africa, Australia and America.
18/08/2010 More »

President of the Federal Republic of Nigeria Jonathan Goodluck Meets with Eni CEO Paolo Scaroni

President of the Federal Republic of Nigeria, Jonathan Ebele Goodluck, met recently in Abuja with Eni CEO, Paolo Scaroni, to discuss the strategies in the Nigerian hydrocarbon sector within the current international energy environment.
17/08/2010 More »

Baird Gas Storage Project Receives Onshore Planning Consent

Baird Gas Storage Project, a joint venture between Centrica Storage (CSL) and Perenco UK, granted onshore planning permission by North Norfolk District Council.
17/08/2010 More »

What Happened to the Toxic Chemicals Released in the Piper Alpha Oil Disaster in 1988?

Document Series: BBC Radio 4: 16 August 2010:
Mike Thomson returns with Radio 4's investigative history series, examining documents which shed new light on past events. News series begins with paper trail surrounding an oil disaster - not the most recent example in the Gulf of Mexico - but one much closer to home, in the North Sea.
16/08/2010 More »

Oil & Gas UK State Greenpeace Claims of Reckless Operations Offshore in UK are Wholly Unjustified

Oil & Gas UK today refuted Greenpeace's claims that the UK oil and gas industry operates recklessly and that there should be a moratorium on deep-sea drilling in UK coastal waters.
13/08/2010 More »

BP Completes MC252 Well Pressure Test, Results Being Reviewed

BP, operating with the guidance and approval of the National Incident Commander, completed the four-hour near ambient pressure test on the MC252 well in the Gulf of Mexico.
13/08/2010 More »

Talisman Awards Fabricom Offshore Services FEED Contract for Claymore Compression Upgrade Project

Fabricom Offshore Services awarded contract by Talisman for the provision of Front End Engineering Design for the Claymore Compression Upgrade Project. Fabricom Offshore Services is a GDF SUEZ company.
13/08/2010 More »

BP Completes MC252 Well Pressure Test, Results Being Reviewed

BP, operating with the guidance and approval of the National Incident Commander, completed the four-hour near ambient pressure test on the MC252 well in the Gulf of Mexico.
13/08/2010 More »

Talisman Awards Fabricom Offshore Services FEED Contract for Claymore Compression Upgrade Project

Fabricom Offshore Services awarded contract by Talisman for the provision of Front End Engineering Design for the Claymore Compression Upgrade Project. Fabricom Offshore Services is a GDF SUEZ company.
13/08/2010 More »

Brunei Shell Petroleum Extends Contract with Wood Group Joint Venture

Brunei Shell Petroleum awards SKSWood, a Wood Group joint venture, two-year extension for one of the largest integrated service contracts in Asia Pacific. SKSWood has executed and managed the offshore construction and maintenance associated with approximately 200 offshore assets for BSP since 2003.
12/08/2010 More »

BP Products and OSHA Settle 270 Citations at Texas City

BP Products North America Inc. and the US Occupational Safety and Health Administration reach a settlement to resolve 270 of the 709 citations that OSHA issued to BP at its Texas City Refinery in October 2009.
12/08/2010 More »

Aker Solutions and KGNT Holding Establish Joint Venture to Target Oil and Gas Opportunities in Kazakhstan

Aker Solutions and Kazakh company KGNT Holding establish 50/50 joint venture, Aker Caspian. The company is targeted for servicing the offshore oil and gas industry in the Kazakhstan sector of the Caspian Sea.
12/08/2010 More »

Approval Given to TNK-BP's First Kyoto Protocol Project

In July 2010, the Samotlor gas gathering project was endorsed by Sberbank's Expert Council, which gave it the highest score among the 35 projects competing for the right to sell Emission Reduction Units under the Kyoto protocol.
11/08/2010 More »

KBR SA Announces BBBEE Transaction

Kellogg Brown and Root South Africa (Proprietary) Limited enters into Broad-Based Black Economic Empowerment transaction that is another step in KBR's continuing commitment to the transformation of South Africa's economy.
10/08/2010 More »

Technip Awarded Contract for Snorre Project in Norway

Technip awarded contract by Statoil ASA, worth approximately €23 million, for the development of the Snorre field in the Norwegian North Sea. Contract will be executed by Technip's operating center in Oslo, Norway.
10/08/2010 More »

BP Forms Gulf of Mexico Oil Spill Escrow Trust

BP establishes trust and makes $3 billion initial deposit of previously-announced $20 billion escrow account to pay legitimate claims arising from the Deepwater Horizon incident and the resulting oil and gas spills.
09/08/2010 More »

McDermott Wins Work for Abu Dhabi Marine Operating Company

McDermott awarded contract to upgrade and enhance a water injection system for Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Zakum field.
09/08/2010 More »

BP Update on Gulf of Mexico Oil Spill Response

BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
09/08/2010 More »

Oil Spill Workgroups Get Underway on Early Review of UK Practices

Oil & Gas UK, on behalf of the UK's Oil Spill Advisory Group (OSPRAG), announce awarding the contract for engineering services to assess subsea capping and containment options for the UK continental shelf to Wood Group Kenny, following the incident in the Gulf of Mexico.
05/08/2010 More »

BP Claim Payments Exceed $300 Million

BP said today it has paid $303 million in claim payments to more than 40,000 individuals and businesses impacted by the oil spill in the Gulf of Mexico.
05/08/2010 More »

BP Agrees to Sell Colombian Business to Ecopetrol and Talisman

BP agree to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia's national oil company (51 per cent), and Talisman of Canada (49 per cent).
03/08/2010 More »

Jacobs Project Receives CCEMC Funding for Clean Technology Research Project

Jacobs Engineering Group Inc. announce that a project it will carry out with Suncor Energy Inc. received funding from Climate Change and Emissions Management Corporation (CCEMC) for clean technology research and development projects.
03/08/2010 More »

McDermott Becomes a Stand Alone Engineering and Construction Company Focused on Offshore Oil and Gas

McDermott International, Inc. completes spin-off of its power generation systems and government operations segments through the distribution of the shares of The Babcock & Wilcox Company to holders of McDermott common stock.
02/08/2010 More »

Acergy S.A. Awarded $220 Million Contract in Brazil

Acergy S.A. awarded new four year contract for the Acergy Condor by Petrobras in Brazil, commencing in September 2010.
02/08/2010 More »

PSN Awarded Shell Contract for Brent Field

PSN awarded contract by Shell U.K. Limited, acting on behalf of itself and Esso Exploration and Production UK Limited, for work on the Brent oil and gas field in the UK North Sea.
29/07/2010 More »

Total Claims Payments Top $256 Million

BP estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil spill in the Gulf of Mexico.
28/07/2010 More »

BP Sets Out Gulf of Mexico Costs, Further Asset Sales and Strong Operating Performance

BP announces a pre-tax charge of $32.2 billion for the Gulf of Mexico oil spill, including the $20 billion escrow compensation fund previously announced.
27/07/2010 More »

Subsea 7 Contract Award from Petrobras, Offshore Brazil

Subsea 7 through its i-Tech division awarded by Petrobras contract for provision of ROV and under water positioning survey services onboard a ROV support vessel, operating offshore Brazil.
26/07/2010 More »

Wood Group launches Thermal Moderator Tool to Melt Hydrates in Oil & Gas Flow Lines & Pipe

Wood Group launches new hydrate liquefying tool to melt ice and paraffin blockages that occur in the production pipes of oil & gas wells. The Thermal Moderator Tool (TMT), developed by Wood Group Logging Services, can be used in pipes with inside diameters as small as one inch.
22/07/2010 More »

Aker Solutions to Deliver On-vessel Mooring System to ENI Norge

Aker Solutions win contract with Eni Norge for design and supply of on-vessel Pusnes mooring systemTM for the Goliat FPSO. Contract party for Aker Solutions is Aker Pusnes AS.
22/07/2010 More »

New Oil Spill Containment System to Protect Gulf of Mexico Planned By Major Oil Companies

Plan to build and deploy rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell.
21/07/2010 More »

Apache to Acquire BP Assets in Permian Basin, Canada and Egypt For $7 Billion

Apache Corporation agree to acquire all of BP's oil and gas operations, acreage and infrastructure in the Permian Basin of West Texas and New Mexico and Egypt's Western Desert. Apache also will acquire substantially all of BP's upstream natural gas business in western Alberta and British Columbia.
20/07/2010 More »

Eni in Azerbaijan to Discuss Compressed Natural Gas Transport

President Ilham Aliyev and other representatives of the Government of Azerbaijan met Eni CEO Paolo Scaroni in Baku. During the meeting they discussed possible come back of Eni to the upstream sector in Azerbaijan and the compressed natural gas project.
20/07/2010 More »

BP Signs Agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation

BP signs new agreement with Egyptian Ministry of Petroleum and Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
19/07/2010 More »

Technip Awarded Umbilical Contract in UK North Sea

Technip's subsidiary Duco Ltd. awarded contract by BP, worth approximately €14 million, for the Andrew field development. This field is located 230 kilometers north east of Aberdeen, in the United Kingdom North Sea, at a water depth of 100-120 meters.
16/07/2010 More »

Foster Wheeler Awarded PMC Contract for ADCO's Bida Al Qemzan Oilfield Development in UAE

Foster Wheeler awarded contract by Abu Dhabi Company for Onshore Oil Operations for the provision of project management consultancy services for the development of the Bida Al Qemzan oilfield in the United Arab Emirates.
14/07/2010 More »

Aker Solutions Secures Letter of Intent for Gudrun Tie-in to Sleipner

Aker Solutions receives Letter of Intent for Sleipner Modifications Portfolio Agreement and the first project specific agreements therein; engineering, procurement, construction and installation for the Gudrun tie-in to Sleipner.
14/07/2010 More »

Foster Wheeler Awarded PMC Contract for Iraq Crude Oil Export Expansion Project

Foster Wheeler awarded project management consultancy services contract by South Oil Company for Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters. SOC is a company under the Ministry of Oil of the Republic of Iraq.
13/07/2010 More »

AMEC Awarded Five-year Master Services Agreement and $340million Project for BP, Azerbaijan

AMEC as part of the AMEC Tekfen Azfen consortium, awarded five-year Master Services Agreement by BP Azerbaijan.
13/07/2010 More »

Aker Solutions Wins Clair Ridge Jacket EPC Contract

Clair Ridge Joint Venture has awarded Aker Solutions an EPC-contract for delivery of two steel jackets which will be located west of Shetland.
12/07/2010 More »

Petrofac Secures Major Production Enhancement Contract in Romania

Petrofac awarded its first Production Enhancement services contract by Petrom in Romania. The initial 15-year contract, which includes an option for extension by a further ten years, is effective immediately.
12/07/2010 More »

AMEC Secures Engineering and Maintenance Services Contract for Two Bluewater FPSO Vessels

AMEC signs two-year contract with Bluewater Services UK Ltd to provide engineering and maintenance services for two FPSO vessels currently leased to operators in the North Sea.
08/07/2010 More »

Gazprom Awards FMC Technologies $190 Million Subsea Equipment Contract

FMC Technologies sign agreement with Gazprom Dobycha Shelf LLC for the manufacture and supply of subsea production equipment to support the Kirinskoye field.
07/07/2010 More »

Total Signs Agreement to Acquire UTS Corporation With its 20% Interest in the Canadian Fort Hills Project

Total E&P Canada Ltd sign agreement with UTS Energy Corporation to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills mining project in the Athabasca region of the Canadian province of Alberta.
07/07/2010 More »

Maersk Tankers, HHI & DNV Joint CO2 Ship Design

Maersk Tankers, Hyundai Heavy Industries and Det Norske Veritas agree to collaborate on the design and risk assessment of tankers for shipping CO2.
05/07/2010 More »

Expro Contract Wins Worth £250 Million Across its Operations

Expro experiences period of significant activity in the North Sea, and today reveals a global order book of over £700million.
05/07/2010 More »

Cape Joint Venture with State Oil Company of Azerbaijan

Cape establish joint venture with the State Oil Company of Azerbaijan (SOCAR). The SOCAR-Cape JV, owned 51% by SOCAR and 49% by Cape, will pursue opportunities associated with the future development of the oil and gas sector in Azerbaijan.
01/07/2010 More »

Aker Solutions Awarded Inspection Services Frame Agreement

Statoil award Aker Solutions significant part of frame agreement for inspection services on all of their offshore installations and onshore plants in Norway. Contract will be managed from Bergen while inspection engineering will be executed at Aker Solutions in Stavanger, Bergen, Mongstad and Trondheim.
01/07/2010 More »

Technip Awarded Major BP Contracts in the UK North Sea

Technip awarded by BP two significant contracts, with a combined total value in the region of £100 million (€120 million). Technip's operating center in Aberdeen, Scotland will execute these contracts.
01/07/2010 More »






Advertising || About Us || Contact Us || Search || Legal || Tell a Friend
© Copyright 2010 - All rights reserved