News

Brent slips over weak China data and euro zone worries
Wednesday, February 22, 2012 Brent crude droppped by 14 cents to $121.52 a barrel, as weak Chinese manufacturing data weighed on prices and worries resurfaced over the euro zone debt...

Technip secures Tubular Bells field contract in Gulf of Mexico
Wednesday, February 22, 2012 France-based Technip has secured a contract from global integrated energy company Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the...

Det norske secures Norway’s approval to develop Jette field
Tuesday, February 21, 2012 Det norske oljeselskap has received approval from the Norwegian authorities to develop the Jette field located in blocks 25/7 and 25/8, in the mid-part of the North...

Subsea7 to introduce autonomous inspection vehicle in Australia
Tuesday, February 21, 2012 Subsea7 has designed a new autonomous inspection vehicle (AIV) in partnership with SeeByte, which will be introduced at the Subsea Australasia Conference in Perth later this...

Oil steady over EU bailout for Greece
Tuesday, February 21, 2012 Oil markets held steady as euro zone finance ministers approved a second bailout package for debt-ridden...

Oil gains as Iran halts supplies to UK and French firms
Monday, February 20, 2012 Oil markets rose today after the Iran’s oil ministry halted crude exports to French and British...

Sembcorp Marine unit secures contract to build jack-up rig for Safin Gulf
Monday, February 20, 2012 PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a $213m contract to build a jack-up drilling rig for Safin...

Brent above $120 over Iran supply worries
Friday, February 17, 2012 Brent crude rose 21 cents to $120.32 a barrel over persistent supply worries as top European buyers of Iranian oil make supply...

Hyperdynamics discovers oil at Sabu-1 well offshore Guinea-Conakry
Friday, February 17, 2012 Oil and natural gas explorer and producer Hyperdynamics Corporation has encountered oil at the Sabu-1 exploration well on its concession offshore...

Aker secures Statoil Troll field equipment supply contract
Friday, February 17, 2012 Oil services company Aker Solutions has secured a NOK350m ($61m) contract from Statoil to deliver six subsea trees and a tool package for Troll field on the Norwegian continental...

Brent gains over supply concerns from Middle East, Euro woes
Thursday, February 16, 2012 Brent crude gained 12 cents, to $119.05 a barrel, over fears of supply disruptions from the Middle East and a delay in a second bailout package for...

Eni discovers natural gas offshore of Mozambique
Thursday, February 16, 2012 Italy-based oil and gas company Eni has made a natural gas discovery at the Mamba North one prospect in Area 4, offshore of...

Technip secures pipeline installation contract in Australia
Thursday, February 16, 2012 Technip has secured a pipeline installation contract from Woodside Energy for the Greater Western Flank phase one project located 130km northwest of Karratha in Western...

Oil prices rise as supply worries outweigh Euro zone woes
Wednesday, February 15, 2012 Oil prices rose today as supply concerns in the Middle East overshadowed uncertainties over Greece's struggle to avoid...

Peak deploys SIM plug system for Apache in Australia
Wednesday, February 15, 2012 Peak Well Systems (Peak) has successfully deployed the first of its new large bore SIM plug systems for US oil and natural gas firm Apache on the North West Shelf in...

Hyperdynamics completes drilling at Sabu-1 well offshore Guinea-Conakry
Wednesday, February 15, 2012 Oil and natural gas explorer and producer Hyperdynamics Corporation has completed drilling of the Sabu-1 exploration well on its concession offshore...

Emerson secures contract to automate offshore platform in Caspian Sea
Tuesday, February 14, 2012 Emerson Process Management has secured a multi-million-dollar contract from the Azerbaijan International Operating Company to operate a new offshore platform in the Azerbaijan sector of the...

Oil falls amid Europe demand growth concerns
Tuesday, February 14, 2012 Oil markets were pushed down by demand growth concerns in Europe after ratings agency Moody's downgraded six countries in the...

Kvaerner secures Hild contract from Total
Tuesday, February 14, 2012 Norway-based engineering group Kvaerner has won a Nkr1.2bn ($210m) deal from Total E&P Norge for the Hild field development in the Norwegian North...

MEO Australia starts acquisition of Floyd 3D seismic survey
Monday, February 13, 2012 MEO Australia, through the S/R Veritas Viking II vessel, has started work on the 601km² Floyd 3D seismic survey in the WA-454-P region, off the Australian...