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Oil & Gas News Archive
January - March 2011

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AMEC Awarded EPCm Contract for All of BP's 2011 Oil Terminal Projects in the UK

AMEC appointed by BP Oil UK to carry out the engineering, procurement and construction management of capital investment projects for existing facilities at its UK oil storage terminals in 2011.
31/03/2011  More »

BP Extends Maintenance and Modifications Contract with Aker Solutions

BP extend maintenance and modification contract with Aker Solutions, exercising a one year option in the existing agreement for the Ula, Valhall, Hod and Tambar fields.
31/03/2011  More »

Petrofac Awarded Shell Contract in Iraq

Petrofac awarded contract, in excess of US$240 million by Shell Iraq Petroleum Development B.V. for developments in the Majnoon Field, Southern Iraq.
31/03/2011  More »

Mustang Al-Hejailan Engineering Finalises Agreement to Combine with Dar E&C and PI-Consult

Mustang Al-Hejailan Engineering, a Wood Group company, finalises agreements to combine with two well-respected Saudi Arabian-owned engineering businesses, Dar E&C and PI-Consult, to create Mustang Al-Hejailan Dar PI.
30/03/2011  More »

Subsea Production System Deal Awarded to Aker Solutions

Aker Solutions awarded letter of intent by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf.
30/03/2011  More »

BP Remains Committed to Partner with Russia

BP announces arbitral tribunal ruled that the interim injunction issued to prevent BP's proposed transaction with Rosneft, which includes Arctic exploration and a share swap transaction, from proceeding should continue.
24/03/2011  More »

Eldfisk II Modification Contract to Aker Solutions

Aker Solutions awarded contract by ConocoPhillips, for modification work on the Eldfisk field. Project will be managed from Aker Solutions' offices in Stavanger, Norway with top manning level of 400 - 500 employees.
23/03/2011  More »

Control Umbilicals Contract Awarded by Statoil

Aker Solutions signs contract with Statoil to supply control umbilicals to the Norne field located in the Northern part of the North Sea.
23/03/2011  More »

Oil & Gas UK Responds to 2011 Budget Announcement

Malcolm Webb, Oil & Gas UK's chief executive, said: "Today's move in the Budget runs counter to the Government's stated desire to promote growth, jobs and exports - all of which this industry was delivering and will now find much more difficult to sustain. Importantly it will also most likely increase this country's dependence on imported oil and gas and thus diminish its energy security.".
23/03/2011  More »

Foster Wheeler Awarded Detail Design Contract for Pipeline Project in Gulf of Mexico

Foster Wheeler awarded detail design contract by Enbridge Offshore Facilities for the deepwater Walker Ridge Gathering System export gas pipelines and the deepwater Big Foot export oil pipeline located in the Walker Ridge area of the Gulf of Mexico.
22/03/2011  More »

Technip Awarded Subsea Contract in the North Sea by TAQA Bratani

Technip awarded by TAQA Bratani Ltd. an installation contract for the development of the Falcon field, located in the North Sea approximately 560 kilometers northeast of Aberdeen, in 160 meters of water.
22/03/2011  More »

Aker Solutions Win Eldfisk EPC Contract

Aker Solutions signs EPC contract with ConocoPhillips to deliver the topside and bridges of the production platform for the Eldfisk 2/7 S, in the North Sea.
18/03/2011  More »

Technip Commences Work on Marine Well Containment Company Equipment in the United States

Technip announces that the Marine Well Containment Company awarded it a contract for the design, procurement and fabrication of the umbilical, riser and flowline components of MWCC's expanded well containment response system for the US Gulf of Mexico, set for completion in 2012.
16/03/2011  More »

CB&I Announces Kearl Oil Sands Contract

CB&I awarded contract by Imperial Oil Resources for engineering, procurement and construction work on the Kearl oil sands project in Alberta, Canada.
15/03/2011  More »

Technip Awarded Subsea Contract in the Irish Sea

Technip awarded installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea.
10/03/2011  More »

Technip Awarded Contract for Gjøa Field in Norway

Technip awarded by GDF SUEZ an engineering, procurement, construction and installation contract, worth approximately €45 million, for the Gjøa field development located in the Norwegian sector of the North Sea.
08/03/2011  More »

Foster Wheeler and Consortium Partners Sign GES+ Contract with Saudi Aramco

Foster Wheeler together with the subsidiary's consortium partners comprising A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., and Saudi Consolidated Engineering Company - Khatib & Alami sign contract with Saudi Aramco.
07/03/2011  More »

Mustang Al-Hejailan Bid Group Awarded General Engineering Services (GES+) Contract by Saudi Aramco

A bidding group led by Mustang Al-Hejailan Engineering awarded general engineering services (GES+) contract by Saudi Aramco. The contract establishes a long-term framework for the supply of engineering, procurement and construction management services to support the execution of onshore and offshore oil & gas projects within the Kingdom of Saudi Arabia.
03/03/2011  More »

Total Enters Into Strategic Partnership with Independent Gas Company Novatek

Christophe de Margerie, Total's Chairman and Chief Executive Officer, was invited to meet the Russia's President Dmitry Medvedev this afternoon in Moscow. It gave them the opportunity to review the overall activities of Total in Russia. Christophe de Margerie highlighted the dynamism of relationships of the Group with Russian partners and expressed its optimism concerning Total's future in Russia.
02/03/2011  More »

McDermott Wins Contracts Totaling More Than $700 Million

McDermott International subsidiaries in the Middle East and Caspian region awarded contracts for offshore engineering and construction projects ranging from installation, through to full EPCI work.
01/03/2011  More »

Wood Group Kenny Awarded Amberjack Jack/St. Malo Oil Export Pipeline Detailed Design

Wood Group's J P Kenny awarded contract to perform detailed design for Amberjack Pipeline Company LLC's Jack/St. Malo deepwater oil export pipeline in the Gulf of Mexico.
23/02/2011  More »

Fluor to Perform Early Works in Iraq for ExxonMobil

Fluor Corporation announce ExxonMobil Iraq awarded the firm an early works program contract for the West Qurna (Phase I) field near Basra, Iraq. Fluor will perform the work from its Houston operations center, other Fluor Middle East offices, and on site near Basra.
22/02/2011  More »

BP to Sell Package of UK Upstream Assets

BP to sell its interests in a number of operated oil and gas fields in the UK. Assets involved are Wytch Farm onshore oilfield in Dorset and all of BP's operated gas fields in the Southern North Sea, including associated pipeline infrastructure and the Dimlington terminal.
22/02/2011  More »

BP and Reliance Industries Announce Transformational Partnership in India

Reliance Industries Limited and BP announce partnership between the two companies. BP to take a 30 per cent stake in 23 oil and gas blocks.
21/02/2011  More »

AMEC acquires qedi

AMEC acquires qedi, a market-leading project delivery company, focused on delivering specialist completion and commissioning services for major projects in the oil and gas industry.
21/02/2011  More »

Subsea Workover System Award to Aker Solutions

Aker Solutions awarded letter of intent from Statoil for the engineering, procurement and construction of a subsea workover system for the Vigdis North East development on the Norwegian Continental Shelf.
11/02/2011  More »

Encana Establish Joint Venture with PetroChina

Encana Corporation sign Co-operation Agreement with PetroChina International Investment Company Limited, a subsidiary of PetroChina Company Limited, that would see PetroChina pay C$5.4 billion to acquire a 50 percent interest in Encana's Cutbank Ridge business assets in British Columbia and Alberta.
09/02/2011  More »

Expro Wins $8 million Well Testing Contract in Holland

Total E&P Nederland B.V. award Expro three-year well testing contract for operations in the Dutch sector of the North Sea. The contract has two one-year extension options.
07/02/2011  More »

AMEC Agreement to Acquire Australian Engineering Consultancy Zektingroup

AMEC enters into an agreement to acquire Zektingroup (Zektin), an Australian-based specialist engineering consultancy for the oil and gas and resources industries, from its owner-managers.
07/02/2011  More »

Subsea 7 Awarded Contract in the North Sea

Subsea 7 S.A. awarded SURF contract valued at approximately $75 million by ConocoPhillips Skandinavia AS, acting as Technical Service Provider on behalf of the operator Gassco, in the German Sector of the North Sea.
07/02/2011  More »

Gazprom Neft Names Front End Engineering Design Contractor for Iraqi Badra Field

Gazprom Neft completes tendering process for the front end engineering design for the Badra oil field in Iraq with the contract being awarded to French Technip. Project preparation is expected to be completed by June 2011.
03/02/2011  More »

Clough Awarded Contract, Offshore Indonesia

Clough and partner PT Advanced Offshore Services awarded contract by ConocoPhillips for remedial work located in the Natuna Sea, Indonesia.
03/02/2011  More »

Goliat installation job for Aker Solutions

ABB awards Aker Solutions' wholly-owned subsidiary Aker Marine Contractors contract to install its subsea power cable for the Goliat field in the Barents Sea.
03/02/2011  More »

Wood Group Statement in Response to Media Speculation

In response to recent media speculation, Wood Group confirms that it is evaluating the possible sale of the Well Support division.
03/02/2011  More »

BP Announces Plans to Enter into Arbitration Proceedings

BP announces immediate plans to enter into arbitration proceedings to resolve the issues raised by Alfa Petroleum Holdings Limited and OGIP Ventures Limited in their application to the English High Court relating to the share swap agreement and Arctic exploration arrangements agreed between BP and Rosneft.
02/02/2011  More »

GE Oil & Gas Awarded $20M in Subsea Equipment Orders by Maersk Oil for North Sea Projects

GE Oil & Gas issued with orders to supply seven subsea tree and wellhead systems, utilizing the VetcoGray MHXT tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited for deployment in the U.K. North Sea.
01/02/2011  More »

McDermott Awarded Fabrication of Alen Project for Gas-Condensate Field Development Offshore West Africa

McDermott awarded contract to fabricate a 15,000 ton platform for Noble Energy's Alen Gas-condensate Development Project (Alen project) off the East coast of Bioko Island, Equatorial Guinea.
01/02/2011  More »

Aker Solutions' Signs Umbilical Contract for the CLOV Development Project

Aker Solutions signs contract with Framo Engineering AS to supply subsea umbilical and associated equipment for Total's CLOV development project located in the deepwater Block 17 offshore Angola.
01/02/2011  More »

BP Resumes Dividend Payments, Targets Investment on Delivering Value Through Long Term Growth, Will Reduce North American Refining Footprint

BP today announced that it plans to resume the payment of quarterly dividends, which were suspended in June 2010 following the oil spill in the Gulf of Mexico.
01/02/2011  More »

Oil and Gas Executives Forecast Investment Opportunities After Volatile Year

GL Noble Denton and Economist Intelligence Unit launch inaugural report on industry trends for 2011. Nearly 200 leading board-level directors and policymakers surveyed.
31/01/2011  More »

AMEC Awarded Services Contract for all BG Group's North Sea Upstream Assets

AMEC appointed by BG Group to provide engineering, procurement, construction, commissioning and project management for all BG Group facilities in the central North Sea, including Armada, North Everest and Lomond platforms.
31/01/2011  More »

Subsea 7 S.A. Awarded Contracts Offshore Brazil

Subsea 7 S.A. awarded two new contracts from Petrobras for activities offshore Brazil. The first an extension to the contract for the Acergy Harrier and a lump-sum contract for the installation of two manifolds on the Tambaú Field.
28/01/2011  More »

KBR to Execute Detailed Design of Chevron Big Foot Topsides

KBR selected by Chevron USA Inc. to execute the detailed design for the Chevron Big Foot Topsides project. The Big Foot field is located in the Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc. (operator) and other working interest owners.
26/01/2011  More »

Mustang Establishes Malaysian JV Company with Sime Darby

Mustang, a Wood Group Company, and Sime Darby's Energy & Utilities Division enter into a joint-venture to form a new company called Mustang Sime Darby.
25/01/2011  More »

McDermott to Perform Subsea Engineering and Installation of Flexible Pipelines and Umbilicals for Petrobras Offshore Brazil

McDermott International announced today that its subsea construction vessel "Agile" contracted by Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000 meters of water offshore Brazil.
24/01/2011  More »

Award for $160 million Montara Development Project to SapuraAcergy Joint Venture

Subsea 7 S.A. confirmed today the award of a contract valued at approximately $160 million to SapuraAcergy Sdn Bhd from PTTEP Australasia (Ashmore Cartier) Pty Ltd for the Montara Development Project located in the southern Timor Sea.
24/01/2011  More »

Petrofac Awarded US$1.2 Billion Project in Algeria

Petrofac awarded US$1.2 billion lump-sum engineering, procurement and construction contract by In Salah Gas, an association between Sonatrach, BP and Statoil, to develop southern fields in the In Salah development.
18/01/2011  More »

Rosneft and BP Form Global and Arctic Strategic Alliance

Rosneft and BP agree to explore and develop three license blocks - EPNZ 1,2,3 - on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately 125,000 square kilometres in a highly prospective area of the South Kara Sea.
14/01/2011  More »

AMC Connector: Targeting the Deepwater Segments

AMC Connector, a future new-build subsea installation and construction vessel from Aker Solutions, finalises its vessel specs. With a total payload capacity of 9 000 tonnes of subsea power cables or umbilicals, the vessel will be well equipped to target the deepwater installation segment.
14/01/2011  More »

Technip Awarded Subsea Contract for Jack & St-Malo Fields in the Gulf of Mexico

Technip awarded contract by Chevron North America Exploration and Production for development of the Jack & St-Malo fields, located in the Walker Ridge area of the Gulf of Mexico. Technip's operating center in Houston, Texas will perform the overall project management.
14/01/2011  More »

SNC-Lavalin Acquires Engineering Firm in Colombia

SNC-Lavalin acquires Itansuca Proyectos de Ingenieria S.A., an engineering firm of 1,000 professionals and administrative staff in the energy sector based in Bogota, Colombia.
12/01/2011  More »

Technip Awarded Umbilical Contracts in Angola

Technip consortium comprising two of its subsidiaries, Angoflex Ltda (owned jointly with Sonangol) and DUCO Ltd., awarded by Acergy Angola S.A. and Acergy West Africa S.A.S. major umbilical contracts for the CLOV field development.
12/01/2011  More »

Huhne Extends North Sea Environmental Inspection Improvements

The U.K. Energy Secretary announces boosting the number of offshore environmental oil and gas inspectors. This will enable the number of offshore inspections undertaken each year to increase from 60, the number before the Gulf of Mexico spill, to 150.
11/01/2011  More »

IMV Projects Awarded EPCM Contract by AltaGas

IMV Projects awarded multimillion dollar contract by AltaGas to provide full engineering, procurement and construction management services for the C$235MM Gordondale sour gas processing facility and associated gas gathering system.
11/01/2011  More »

Subsea 7 S.A. Commences Trading

Subsea 7 S.A. announced on Friday January 7, 2011 that the combination between Acergy S.A. and Subsea 7 Inc. was completed following the closing of Oslo Børs on that day.
10/01/2011  More »

Technip Awarded Key Subsea Contract for Walker Ridge Development in the Gulf of Mexico

Technip awarded lump sum contract by Enbridge Offshore Facilities for development of the Walker Ridge gas gathering system in the Gulf of Mexico, at a water depth of 7,000 feet (2,130 meters).
06/01/2011  More »

KCA DEUTAG Wins Flagship Six-rig Contract in Caspian Region for BP

KCA DEUTAG awarded flagship six-rig contract by BP as operator of the Azeri-Chirag-Gunashli and Shah Deniz fields in the Azerbaijan sector of the Caspian Sea, to manage all of BP-operated platform drilling assets in the Caspian region.
06/01/2011  More »

Clough Helix Receive LOI for CACT Project Offshore China

Clough Helix Joint Venture given letter of intent by COOEC Subsea Technology Co Ltd for offshore installation support activities associated with the Huizhou Field, offshore China.
05/01/2011  More »

Repsol and Sinopec Discuss Future Cooperation

Repsol Chairman Antonio Brufau and Sinopec Chairman Su Shulin today in Madrid presided over the first joint meeting at the top corporate level between both companies following the agreements reached in Brazil.
04/01/2011  More »

KBR Completes Acquisition of Affiliate Interests in M.W. Kellogg Limited from JGC Corporation

KBR today announces completion of the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited (MWKL) previously held by JGC Corporation. MWKL, which has operated for over 60 years in the UK, will continue its operations in Greenford, UK.
03/01/2011  More »

FPSO Installation Deal to Aker Solutions

MODEC Offshore Production Systems Singapore awards Aker Solutions' wholly-owned subsidiary Aker Marine Contractors mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola. Project management and operations planning will be performed from Aker Solutions' offices in Houston, Texas.
03/01/2011  More »

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