Industry Moves Archive 2008

Marathon Oil Corporation Announces Sale of Irish Subsidiary

Marathon Oil Corporation enters into a definitive agreement with Star Energy Group, a wholly owned subsidiary of Petroliam Nasional Berhad (Petronas), under which Star Energy Group will purchase Marathon's wholly owned subsidiary, Marathon Oil Ireland Limited for $180 million, excluding any purchase price adjustments at closing.
17/12/2008 More »

Jacobs Agrees to Acquire Share in AWE Management Limited

Jacobs Engineering Group Inc. agrees to acquire a one-third share in AWE Management Limited from British Nuclear Fuels plc. Terms of the deal were not disclosed.
17/12/2008 More »

ExxonMobil Technology Yields World's Largest LNG Carrier

Exxon Mobil Corporation's technology leadership in liquefied natural gas or LNG results in industry breakthrough in carrier design and size, enabling more efficient transport of natural gas to markets throughout the world.
17/12/2008 More »

Marathon Oil Corporation Provides Update on Corporate Separation

Marathon Oil Corporation's Board of Directors announced that it was evaluating the potential separation of the Company into two strong, independent, publicly traded companies, each focused on its own set of business opportunities. Today, Marathon announced that its Board of Directors has decided to continue to evaluate the separation in order to fully assess the impact of recent changes in the global economic environment and financial markets.
11/12/2008 More »

Proposed Redomestication from Bermuda to Switzerland

Foster Wheeler Ltd's board of directors unanimously approves redomestication of the company from Bermuda to Switzerland. Foster Wheeler's shareholders will be asked to vote in favour of the proposal at a shareholders meeting expected to be scheduled for January 2009.
10/12/2008 More »

Venture Production Announces First Gas From Stamford Field

Venture Production successfully brought Stamford gas field into production. Stamford lies in Block 49/10c and has been developed via a single subsea production well tied back to the Venture-operated Markham J6A platform, the hub for Venture's Greater Markham Area ("GMA") operations.
08/12/2008 More »

StatoilHydro Awarded Operatorship on the Faroes

StatoilHydro awarded operatorship of large exploration area in the third Faroese Licensing Round. StatoilHydro has a 50% stake in the licence. Partners are DONG (30%), Faroe Petroleum (10%) and Atlantic Petroleum (10%). The area covers 5312 square kilometres, the largest licence ever to be awarded in Faroese waters.
08/12/2008 More »

Total Awarded Three UK North Sea Exploration Licences

Total awarded three exploration licences in the 25th Oil and Gas Licensing Round of the UK's Department of Energy and Climate Change. In the West of Shetlands area, Total and its partners in the Laggan and Tormore gas condensate discoveries, awarded part of adjacent Block 205/4. Further north, Total will have a 56% interest in the exploration licence formed by Blocks 214/17, 214/21b and 214/22.
05/12/2008 More »

Integrated Solutions Required to Meet Energy Challenge, ExxonMobil Says in New Outlook for Energy: A View to 2030

Integrated series of solutions required to manage increases in global energy demand and greenhouse gas emissions resulting from population growth and economic expansion, Exxon Mobil Corporation said today, releasing the corporation's Outlook for Energy: A View to 2030.
05/12/2008 More »

Asset Exchange Strengthens BP Position In Southern North Sea

BP and BG Group agree to exchange a package of North Sea assets intended to strengthen BP's position as a major operator in the Southern North Sea and facilitate development activity and investment in the UKCS.
03/12/2008 More »

Delineation of North Sea Oil and Gas Discovery

StatoilHydro completed drilling of appraisal well on the Pan/Pandora gas/oil discovery south of the Visund field in the North Sea. Purpose of well 34/8-14 A was to delineate the 34/8-14 S Pan/Pandora discovery in the northern segment of this structure.
03/12/2008 More »

StatoilHydro - Settlement on Restructuring Costs

StatoilHydro today reached settlement concerning the charging of restructuring costs related to the merger between Statoil and Hydro's oil and gas activities to the partners on the Norwegian continental shelf (NCS). Agreement was signed between StatoilHydro and Petoro, Exxon Mobil Norge, Norske Shell, Total Norge, ConocoPhilips Norge and ENI Norge.
03/12/2008 More »

Fluor Forms New Business Unit to Focus on Offshore Market

Fluor Corporation forms dedicated business unit within its Upstream business line to address the specific needs of its global oil & gas clients in the offshore market. The entity will be known as Fluor Offshore Solutions and build off the company's strong history of project execution on complex and remote offshore projects around the globe.
03/12/2008 More »

TENC-CA UK North Sea Sale and Transfer Completed

Shell U.K. Limited (Shell), Esso Exploration and Production UK Limited, (ExxonMobil), Mobil North Sea LLC (ExxonMobil) and Enterprise Oil U.K. Limited (Shell) yesterday (1st December 2008) completed the final sale and transfer of a number of northern North Sea assets to TAQA Bratani Limited, a wholly owned subsidiary of Abu Dhabi National Energy Company PJSC (TAQA).
02/12/2008 More »

Shell Acquires Gas Emissions Treating Specialists Cansolv Technologies Inc.

Shell Global Solutions International B.V. acquires 100% of shares of Cansolv Technologies Inc. (Cansolv), a provider of technologies designed to counter air pollution. Cansolv's offices are located in Canada (Montréal) and China (Shenzhen). All employees will be retained. The company will become fully integrated into Shell Global Solutions over time.
02/12/2008 More »

Peter Mandelson Announces £30 million Technology Fund

Business Secretary Peter Mandelson announces new £30 million fund to invest in technology companies looking to expand their business. This new fund, part of the Enterprise Capital Funds (ECF) programme, will be managed by TTP Ventures and will look to invest development capital in information technology, electronics and instrumentation companies.
01/12/2008 More »

Green Energy Research Centre to Open in Aberdeen

New hub putting Scotland at the heart of European green energy research launched in Brussels. The Scottish European Green Energy Centre (SEGEC) will play a pivotal role in putting Scotland at the centre of European research, development and deployment of clean energy technologies, such as carbon capture and renewable heat.
25/11/2008 More »

Fluor Acquires Engineering Companies in Belgium and Spain

Fluor Corporation announced today that it recently acquired two private engineering companies in Europe. The acquisitions include UNEC Engineering N.V. of Antwerp, Belgium, and Europea de Ingenieria y Asesoramiento (E.I.A.) of Tarragona, Spain. Both companies will become part of the European operations of Fluor's Global Services business group. Financial details for these transactions were not disclosed.
24/11/2008 More »

Venture Resume Production at Kittiwake Platform

Venture Production today announced that the Kittiwake Platform returned to full operations on Thursday 20 November. The platform had been running on a restricted basis whilst repairs were carried to part of the oil processing system that had been isolated following the sighting of an oil sheen on 6 November.
24/11/2008 More »

New Parent Body for Sellafield Ltd

The UK Nuclear Decommissioning Authority (NDA) today confirmed that the programme to secure a new Parent Body Organisation (PBO) for the Sellafield Site Licence Company (SLC), Sellafield Ltd, has been completed. The shares in Sellafield Ltd, previously owned by British Nuclear Fuels Ltd, have today transferred to the new PBO, Nuclear Management Partners Ltd (NMP). NMP is the consortium comprising AMEC, AREVA, and URS Washington Division.
24/11/2008 More »

New Book by AMEC Scientists Explores Benefits and Risks of Nanotechnology Boom

AMEC announces that the potential hazards and benefits of nanotechnology are revealed in a newly published book co-authored by four AMEC scientists. The hardcover Nanotechnology and the Environment, published by CRC Press, explores how nanoscale materials can behave differently in the human body and the environment and how the explosive use of such materials could impact human health and environmental quality.
21/11/2008 More »

StatoilHydro Scaling Down Third Party Product Activities

StatoilHydro has decided to scale down its product trading activity. Product trading will be concentrated around the European refinery assets, Mongstad and Kalundborg as well as our downstream commitments in Scandinavia and the Baltic states.
20/11/2008 More »

Small Additional Gas Discovery in the Norwegian Sea

StatoilHydro makes small additional gas discovery during drilling of an exploration well north-west of Sandnessjøen in mid-Norway. As operator of production licence 218 StatoilHydro is currently concluding the drilling of exploration well 6707/10-2 A. The well has been drilled south-east of the Luva gas discovery, 280 kilometres north-west of Sandnessjøen.
20/11/2008 More »

25th UK Seaward Licensing Round Award

Venture Production, the Aberdeen headquartered UK independent oil and gas production company, awarded 15 new licence interests in the UK 25th Seaward Licensing Round. In each case Venture has been awarded a traditional licence and in 12 of these licences it will be the operator.
19/11/2008 More »

LNG Cargo Arrives at Isle of Grain Terminal

National Grid's Isle of Grain LNG importation terminal today expects largest ever liquefied natural gas cargo to arrive in the UK. This begins the final stage phase of commissioning the £355million expansion of the UK's leading LNG terminal.
17/11/2008 More »

Small Environmental Impact After Statfjord Oil Spill

Statfjord oil spill in December last year did not cause any demonstrable environmental harm, according to the environmental report on the spill. After the oil spill StatoilHydro initiated several environmental investigations in order to identify and, if required, reduce the environmental impacts.
17/11/2008 More »

StatoilHydro and Chesapeake Energy Sign Strategic Exploration Agreement

StatoilHydro and Chesapeake Energy Corporation announce signature of strategic agreement to jointly explore unconventional gas opportunities worldwide. Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake's Marcellus shale gas acreage covering 1.8 million net acres (7,300 square kilometres) in the Appalachia region of the northeastern USA.
17/11/2008 More »

Lundin Petroleum Announces Licence Awards

Lundin Petroleum AB (Lundin Petroleum) announces in the United Kingdom's 25th Licensing Round it was awarded six exploration licences of which five are operated licences. Licence interest ranges from 25 percent to 100 percent.
13/11/2008 More »

Venture Production Shuts Down Kittiwake Platform

Venture Production announces that following the sighting of an oil sheen near the Kittiwake Platform on Thursday 6 November, an investigation into the possible sources of the sheen is being undertaken. Although the source of the sheen remains unconfirmed, as a precautionary measure the Kittiwake facilities have been shut down since the afternoon of 6 November and will remain so until the source of the sheen has been identified.
11/11/2008 More »

AMEC Acquires Engineering and Architecture Firm in Northeast
United States

AMEC acquires OEST Associates, Inc. OEST is an engineering and architecture firm headquartered in Portland, Maine, with a satellite office near Orlando, Florida. Founded in 1982, the company now has more than 100 professionals serving clients in the private and public sectors.
05/11/2008 More »

Venture Production Provides Update on Chestnut Field

Venture Production provides further update on field performance and activity following on from the announcement of first production from the new Chestnut Field in mid-September. Venture is the field operator and holds a 69.875% working interest in the part of block 22/2a containing the Chestnut field.
05/11/2008 More »

Scotland as Centre for Dispute Resolution

Scotland's dispute resolution system could be developed and marketed as a just, integrated and efficient system that could see the country become the 'Switzerland of dispute resolution'. This was one of the main findings of an expert group set up by Justice Secretary Kenny MacAskill to consider ways to make the structures and systems of the Scottish legal system more business friendly.
03/11/2008 More »

Wood Group Signs Alliance Agreement with Serba Dinamik

The Gas Turbine Services division of John Wood Group PLC signs Alliance Agreement with Serba Dinamik, a Malaysian engineering firm specializing in the maintenance of gas turbines. Execution of this Agreement will allow Wood Group and Serba to jointly bid for gas turbine maintenance contracts in the Malaysian oil and gas sector.
21/10/2008 More »

Acergy Board Terminate Discussions with Subsea 7

The Board of Acergy informs Shareholders that it has held discussions with Subsea 7 Inc. in relation to a possible merger of the two companies. These discussions have now been terminated.
21/10/2008 More »