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Oil & Gas News

Technip Awarded Engineering Contract for Luva field development Offshore Norway

Technip awarded lump sum front-end engineering design contract by Statoil for development of the Luva floating platform, offshore Norway. Technip's operating center in Houston, Texas will execute the contract in cooperation with Technip operation centers in Norway and Finland.
08/03/2012  More »

Technip Awarded Contract for Fletcher Finucane Development in Australia

Technip awarded flexible pipe supply contract by Santos Limited for the Fletcher Finucane oil field development, in Western Australia. Technip's operating centre in Perth, Australia, will carry out the project management and engineering.
05/03/2012  More »

AMEC Awarded PMC Services Contract for ADMA OPCO's Nasr and Umm Lulu Fields, UAE

AMEC awarded Project Management Consultancy services contract by Abu Dhabi Marine Operating Company for 'execute phase' of the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dhabi in the United Arab Emirates.
02/03/2012  More »

Contractors for Bulgarian Section of South Stream

South Stream Bulgaria AD to sum up results in March of open tender for contractors to carry out spatial planning, environmental impact assessment and prepare project documents for the gas pipeline section in Bulgaria.
01/03/2012  More »

BG Group Progresses Additional Funding Facility for up to $1.8 billion

BG Group receives initial approval from Brazilian Development Bank for up to $1.8 billion of long-term finance to fund part of the company's interests in the pre-salt Santos Basin, offshore Brazil.
01/03/2012  More »

Technip Awarded Subsea Contract for Hadrian South Development

Technip awarded contract by Exxon Mobil Corporation for subsea equipment on the Hadrian South natural gas project in the Gulf of Mexico. Technip's operating center in Houston, Texas, will execute the contract.
01/03/2012  More »

Technip Awarded Subsea Contracts for Statoil's Åsgard and Gudrun & Valemon Projects

Technip awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. Contracts will be executed by Technip's operating center in Stavanger and Haugesund, Norway.
29/02/2012  More »

Investment Headlines Mask Worrying Trends in UK Offshore Oil and Gas

Small number of large projects driving UK offshore oil and gas investment in the short term, but evidence is building that medium to long term prospects of this mature province being frustrated by the structure and instability of the current fiscal regime, according to Oil & Gas UK.
28/02/2012  More »

Aker Solutions Wins Snorre A Drilling Facilities Contract

Aker Solutions awarded contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in the North Sea. One hundred engineering and management personnel at Aker Solutions' office in Bergen and Kristiansand plus up to 100 offshore installation personnel will work on the Snorre A Drilling contract for the next three years.
28/02/2012  More »

Technip and DSME Awarded Contract for HEJRE Project in Denmark

Technip, in partnership with DSME, awarded contract for the HEJRE project development by DONG E&P and BAYERNGAS. Technip's operating center in Paris, France, will execute the contract, with the support of the Chennai and Mumbai offices, India.
28/02/2012  More »

Technip Awarded Contract by Petrobras for Guara and Lula Nordeste Pre-salt Fields in Brazil

Technip awarded lump sum contract by Petrobras for the Guara & Lula Nordeste pre-salt field development located in the Santos Basin, offshore Brazil. Contract covers the manufacture of 24 kilometers of 6" gas injection flexible lines.
27/02/2012  More »

Petrofac Awarded US$330 Million Project in Iraq

Petrofac awarded US$330 million lump-sum engineering, procurement and construction contract by Gazprom Neft Badra B.V. for first phase of the Badra Oilfield Development Project in Iraq.
27/02/2012  More »

TransCanada Awarded Contract to Build Natural Gas Pipeline Extension in Mexico

TransCanada Corporation to build, own and operate the Tamazunchale Pipeline Extension in Mexico. TransCanada expects to invest approximately US$500 million in the pipeline and anticipates an in-service date in the first quarter of 2014.
27/02/2012  More »

Genesis Awarded Enterprise Framework Agreement by Shell Global Solutions International

Genesis awarded Enterprise Framework Agreement by Shell Global Solutions International B.V., covering Subsea Umbilical Risers and Flowlines, Engineering and Project Management Services. Contract will initially be managed from the Genesis office in Houston, Texas.
23/02/2012  More »

Technip Awarded Marine Operations Contract for the Åsgard Subsea Compression Project in Norway

Technip awarded contract by Statoil for Åsgard Subsea Compression project located in the Norwegian Sea. Technip's operating centers in Oslo and Stavanger, Norway will execute the contract.
22/02/2012  More »

Scottish Government: Call for Tax Regime to Maximise Recovery

More than half of the value of North Sea oil and gas reserves is yet to be extracted - representing an asset with a potential wholesale value of a trillion pounds - Alex Salmond said today, as he urged the UK Chancellor to deliver long-term stability in the tax regime to support maximum recovery by the industry.
21/02/2012  More »

Technip Awarded Subsea Contract for the Tubular Bells Development in the Gulf of Mexico

Technip awarded lump sum contract by Hess Corporation for development of the Tubular Bells field, located in the Mississippi Canyon area of the Gulf of Mexico. Technip's operating center in Houston, Texas will perform the overall project management.
20/02/2012  More »

Subsea 7 Awarded Contract in the North Sea

Subsea 7 awarded SURF contract valued at approximately $80 million from Statoil on Svalin C Field, situated in the central part of the North Sea, six kilometres southwest of the Grane Field.
16/02/2012  More »

Aker Solutions Awarded Troll Contract

Aker Solutions awarded contract by Statoil to deliver six subsea trees and tool package for Troll on the Norwegian continental shelf. Aker Solutions' contract party is Aker Subsea AS.
16/02/2012  More »

Petrofac Acquires KW Limited

Petrofac acquires entire share capital of KW Limited, a high-end subsea pipeline consulting and engineering services business with an established reputation in the subsea pipeline market. The business and its 56 employees will become part of Petrofac's Engineering & Consulting Services business.
16/02/2012  More »

Technip Awarded Subsea Installation Contract in Australia

Technip awarded pipeline installation contract by Woodside Energy for the Greater Western Flank Phase 1 Project in Western Australia. Technip's operating center in Perth, Australia will execute the contract, with support from the Singapore office.
15/02/2012  More »

Chevron Provides Further Detail on the Future Growth Project at the Tengiz Field in Kazakhstan

Chevron Corporation reports that its affiliate Tengizchevroil LLP expects to enter front-end engineering and design in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.
15/02/2012  More »

KBR Awarded Contract to Provide Construction Services for Plant Expansion in Oklahoma

KBR awarded contract to provide construction services for new 150 million standard cubic feet per day gas processing plant. The expansion will increase the cryogenic gas processing plant's capacity by 150 MMSCFD, bringing the total processing capacity to 350 MMSCFD in the Woodford Shale.
15/02/2012  More »

Project to Improve Sustainability and Efficiency of Russian Oil Industry Given green Light

A £9.3 million international consortium to make oil refining in Russia more efficient and environmentally sustainable given green light this week. The Skolkovo Foundation gives official approval for establishment of a Center of Applied Research on Energy efficient Heat Exchange and Catalysis (Project "UNIHEAT"), involving Imperial College London, the Boreskov Institute of Catalysis and BP.
15/02/2012  More »

Technip Awarded Contract for Gas and Condensate Export System Project in Saudi Arabia and Kuwait

Technip awarded contract by Kuwait Gulf Oil Company, for engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. Technip's operating center in Abu Dhabi will execute the project.
14/02/2012  More »

Foster Wheeler-Managed Iraq Crude Oil Export Expansion Project Achieves "First Oil Ready for Start-Up" Milestone

Iraq Crude Oil Export Expansion Project achieves 'first oil ready for start-up' milestone. This first phase of the expansion is intended to increase the country's crude oil export capacity by 1.8 million barrels per day (MMBPD) of additional production.
12/02/2012  More »

KBR Establishes GES+ (General Engineering Services +) Entity in Saudi Arabia

KBR completed registration and licensing of new entity to carry out general engineering and project management services under the Saudi Arabian Oil Company GES+ initiative. Initial staffing of the KBR-AMCDE enterprise is approximately 400 people.
09/02/2012  More »

Foster Wheeler Awarded Contract by Discovery Gas Transmission for Services in the Gulf of Mexico

Foster Wheeler Upstream awarded contract by Discovery Gas Transmission, LLC to provide design, engineering and technical services for a junction platform, facilities and associated pipelines within the Discovery System at South Timbalier 283, in the Gulf of Mexico.
09/02/2012  More »

Technip Awarded Major Flexible Pipe Frame Agreement by Petrobras

Technip awarded 5-year frame agreement contract from Petróleo Brasileiro S.A. (Petrobras) for the supply of around 1,400 kilometers of flexible pipes. Flexible pipes for the contract will be produced both at Technip's existing manufacturing site in Vitoria, and also at our new manufacturing facility under construction in Açu, Brazil.
08/02/2012  More »

Expro Opens New Base in Newfoundland

Expro opens new operations base in Paradise, Newfoundland, Canada, supporting the provision of well testing, subsea and downhole video services for offshore Newfoundland.
08/02/2012  More »

Technip Awarded Contracts for the Jubilee Project in Ghana

Technip was awarded by Tullow Ghana Limited two contracts, worth approximately €100 million, for the Phase 1A of the Jubilee project. Technip's operating center in Paris, France, will execute the project with the support of the Group offices in Houston, Texas, and Accra, Ghana.
06/02/2012  More »

Aker Solutions Wins Well Service Contract in Ghana

Aker Solutions signs frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company's Jubilee and Tano deepwater fields offshore Ghana, West Africa.
06/02/2012  More »

Aker Solutions Acquires Sandnessjøen Engineering

Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects.
03/02/2012  More »

Subsea 7 Awarded Contract West of Shetland

Subsea 7 awarded contract valued at approximately $100 million from BP for the Clair Ridge Project, West of Shetland. The Clair Ridge development will comprise two new, bridge-linked platforms to be located to the North-East of Clair Phase 1.
03/02/2012  More »

BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Halliburton Indemnity in Deepwater Horizon Accident

BP stated that today's ruling, together with last week's decision on Transocean's financial obligations stemming from its conduct at the Macondo well, is strong signal that contractors involved in critical well operations will be held accountable for their actions under the law.
31/01/2012  More »

Oil & Gas UK Warns Against European Commission Weakening UK's Offshore Safety Regime

Oil & Gas UK attend meeting in Brussels to reiterate its opposition to the European Commission's proposed safety Regulation which Oil & Gas UK sees as a retrograde step more likely to damage than enhance the safety of UK offshore oil and gas operations.
31/01/2012  More »

Centrica to Increase its Stake in North Sea Statfjord Field

Centrica plc reaches agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million. The fields, which are located across both the Norwegian and UK sectors of the Northern North Sea, produce gas for the UK market.
30/01/2012  More »

Statoil and Partners on Snøhvit Field Increase Reserves Estimate

Statoil and partners on Snøhvit field increase reserves estimate by 20 billion standard cubic metres of gas. Production experience from the field proves that it is possible to produce more gas from the reservoirs than previously assumed.
30/01/2012  More »

BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Indemnity in Deepwater Horizon Accident

Statement made on 26 January 2012 in response to the court ruling issued the same day. Read the full judge's Opinion.
30/01/2012  More »

South Stream Project Implementation in Greece

Gazprom hosts working meeting between Alexey Miller, Chairman of the Company's Management Committee and Antonis Samaras, head of the New Democracy party. Meeting participants discussed the prospects for the Russian-Greek cooperation deepening in the energy sector as well as the current status of the Greek energy industry.
30/01/2012  More »

Skuld Gets Go-ahead

Ministry of Petroleum and Energy gives green light to plan for development and operation of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea.
27/01/2012  More »

Lundin Petroleum Submits Field Development Plan for Luno Field

Lundin Petroleum AB's wholly owned subsidiary Lundin Norway AS as operator, with its partners Wintershall Norge ASA and RWE Dea Norge AS, submit plan for development and operation for Luno field to the Norwegian Ministry of Petroleum and Energy.
26/01/2012  More »

Cape Philippines Wins Offshore Contract with Clough Amec

Cape's Philippines operations secures multi-discipline service contract, worth US$22 million over two years, to provide support services on the Clough Amec joint venture Bayu-Undan offshore facilities in the Timor Sea.
26/01/2012  More »

Cape Philippines Wins Another Bay-Undan Offshore Contract

Cape's Philippines operations awarded another multi-discipline service contract in the Timor Sea. Cape will provide services on the accommodation vessel supporting the ConocoPhillips facility's major refurbishment project.
26/01/2012  More »

Technip Awarded Detailed Design Contract for the Wheatstone Gas Processing Platform

Technip Oceania awarded contract, worth approximately AUD110 million (€90 million), by Daewoo Shipbuilding and Marine Engineering for the detailed design of Chevron's Wheatstone offshore gas processing platform.
26/01/2012  More »

Board of Directors Proposals to Expand Gazprom's Presence in Global Market

Board of Directors address potential opportunities for Gazprom to expand its presence in the global gas market and related markets, such as power generation and gas chemistry.
25/01/2012  More »

McDermott Awarded INPEX Ichthys Subsea Contract

McDermott International's Australian subsidiary receives and signs letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline ("SURF") project by INPEX.
25/01/2012  More »

Apache to Acquire Cordillera Energy Partners III LLC for $2.85 Billion

Apache Corporation agree to acquire Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximately 254,000 net acres in the prolific Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle, for $2.85 billion.
23/01/2012  More »

South Stream Construction to Start in December 2012

Decision to significantly speed up the project implementation launch. Meeting approves detailed action plan that would make it possible to start the South stream gas pipeline construction in December 2012 instead of 2013 as previously planned.
23/01/2012  More »

Kvaerner Wins Luno Jacket EPC Contract

Lundin Norway awarded Kvaerner an EPC contract for delivery of a steel jacket to be located at the Luno field, production license PL338, offshore the Norwegian North Sea.
19/01/2012  More »

BP Forecasts Robust Global Energy Demand to 2030 Despite Efficiency Gains

Global energy demand to continue to grow over next twenty years, albeit at slowing annual rate, fuelled by economic and population growth in non-OECD countries. Increased energy efficiency and strong growth for renewable energy also forecast in BP's latest Energy Outlook 2030, published today.
18/01/2012  More »

New Treasury Oil and Gas Industry Fiscal Forum Holds First Meeting

First meeting of the Fiscal Forum, established by the Treasury to promote constructive, long-term engagement with industry on the UK oil and gas tax regime, held today under the chairmanship of the Economic Secretary to the Treasury, Chloe Smith MP.
16/01/2012  More »

International Emergency Response Arrangement

Major international offshore emergency response arrangement strengthened. Operators' Cooperative Emergency Services is a joint declaration among the national oil and gas trade associations meaning operating companies can call on each other for support in emergency situations - regardless of national boundaries.
16/01/2012  More »

AMEC Awarded Contract to Modify and Extend BP's Kinneil Terminal

AMEC awarded contract to provide project services to BP for the Kinneil Enhanced Gas Separation project, Grangemouth, Scotland. At its peak the contract will create 120 construction jobs in the local area.
16/01/2012  More »

Technip Awarded Two Subsea Contracts for Statoil's Vilje South and Visund North Projects

Technip awarded two contracts by Statoil, worth a total of around €55 million, for Vilje South field and Visund North developments located in the North Sea. Technip's operating center in Oslo, Norway will execute the contracts.
13/01/2012  More »

Aker Solutions Awarded Frame Agreement with Talisman Energy Norge

Aker Solutions awarded frame agreement for engineering, procurement, installation and commissioning for Talisman Energy's maintenance and modifications projects on the Norwegian continental shelf.
12/01/2012  More »

Aker Solutions Awarded Steel Tube Umbilicals Contract

Aker Solutions awarded contract for eight steel tube umbilicals by Anadarko Petroleum Corporation for the Lucius field located in the Gulf of Mexico.
12/01/2012  More »

Technip Awarded Contract by Nexen for the Golden Eagle Development

Technip awarded lump sum contract by Nexen Petroleum U.K. Limited, worth approximately €135 million, for the Golden Eagle development. Technip's operating centre in Aberdeen, Scotland will execute the project.
11/01/2012  More »

Alliance Engineering Awarded Contract for Williams Partners Gulfstar One, Tubular Bells Field

Wood Group's Alliance Engineering awarded detailed engineering and design of the topside facilities and deck for Williams Partners Gulfstar FPS" spar production platform.
11/01/2012  More »

Aker Solutions Wins Drilling Riser Contract

Aker Solutions awarded contract by Daewoo Shipbuilding & Marine Engineering for delivery of deepwater drilling riser system to the DSME shipyard in South Korea.
09/01/2012  More »

Technip Awarded Two-year Extension of Statoil Frame Contract for Subsea Services

Technip awarded the last option for the Statoil frame contract for diving, pipeline repair, contingency and modification services. Frame contract held by Technip since January 2007 and now extended to the latest possible completion date of December 2014.
06/01/2012  More »

Schlumberger and Petrofac Sign Co-operation Agreement

Petrofac and Schlumberger divisions sign Co-operation Agreement under which these divisions will establish a working relationship to deliver integrated and high-value production projects in the emerging and growing production services and production enhancement market.
05/01/2012  More »

Aker Solutions Wins Bøyla Subsea Contract

Aker Solutions signs contract with Marathon Oil Norge AS to supply subsea production system for the operator's Bøyla project on the Norwegian continental shelf. Scope of work includes engineering, procurement, construction and delivery of four subsea trees, four over-trawlable subsea structures and control systems.
05/01/2012  More »

Cape Middle East Wins $26 million Contracts with BAPCO, Bahrain

Cape's Northern Gulf operations awarded five-year surface preparation and coating services contract by The Bahrain Petroleum Company B.S.C ("BAPCO") worth $18 million.
05/01/2012  More »

Foster Wheeler Awarded EPCm Contract for BP Exploration's Enhanced Gas Separation Project

Foster Wheeler AG announced subsidiary of its Global Engineering and Construction Group awarded engineering, procurement and construction management contract by BP Exploration Operating Company Limited for BP Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
03/01/2012  More »

Subsea Production Systems Contract Awarded to Aker Solutions

Aker Solutions awarded job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf.
03/01/2012  More »

Apache Completes Acquisition of ExxonMobil's Beryl Field, Other UK North Sea Assets

Apache Corporation subsidiary, Apache North Sea Limited, completes its previously announced acquisition of Exxon Mobil Corporation's Mobil North Sea Limited assets including the Beryl field and related properties.
03/01/2012  More »



 



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