News Archive for Oil and Gas News, Petrobras News

Petrobras to begin construction of the third section of Gasene

Friday, Dec 28, 2007

PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that in the first quarter of 2008 it is to begin work on the construction of the third section of Gasene, the Cacimbas (ES)-Catu (BA) gas pipeline. This section will be 946km long and is scheduled for conclusion in December 2009. A start on construction work can now go ahead following the granting of the Installation License by the Brazilian federal Environmental Agency (Ibama) on December 18, and the Construction Authorization License (AC) by the National Petroleum, Natural Gas and Biofuels Agency (ANP) on December 20. The gas pipeline finance and construction contracts were signed on this Thursday, December 27. The

equivalent of a R$ 4.51 billion line of finance is to be granted by the National Economic and Social Development Bank (Banco Nacional de Desenvolvimento Econômico e Social – BNDES). A portion of these resources will come from on-lending of a line of credit to the BNDES from the China Development Bank (CDB), a Chinese financial entity, amounting to US$ 750 million. Petrobras has hired the Sinopec Group to execute the work on the pipeline. The sixth largest hydrocarbons company in the world, the state-owned Chinese company is already responsible for building the Cabiúnas-Vitória (300km) gas pipeline, the second leg of Gasene, to be concluded in January 2008.

The Operations License for the first section of Gasene, the Cacimbas-Vitória (129km) stretch, was issued on October 11 2007 and has been operating commercially since November of this year. Gasene represents a milestone in Brazilian gas pipeline infrastructure. The work will ensure the connection of the gas pipeline networks in the Southeast and the Northeast regions and represents the beginning of supplies of natural gas to the domestic market from the Espírito Santo Basin. The Cacimbas-Catu section has a capacity to supply up to 20 MMm³/day to the Northeast. This additional volume of natural gas, which will be drawn from the Espírito Santo Basin, represents nearly double the amount that the region currently consumes.

Total launches Pazflor subsea development on Block 17 a world technology first

Friday, Dec 28, 2007

Total, as operator of the Block 17, announces the award of the principal contracts for the giant Pazflor oil development, the third development centre on Block 17, deep offshore Angola, following Girassol and Dalia.

Drilling operations are planned to commence in 2009 and oil production is scheduled to start in 2011.

Located about 150 kilometres off the coast of Angola and 40 kilometres north-east of Dalia, in depths of 600 to 1200 metres, the Pazflor development involves bringing four fields into production, Perpetua, Hortensia and Zinia (Upper Miocene), and Acacia (Oligocene), which were discovered between mid 2000 and early 2003.

The Pazflor development covers 600 square kilometres with a north-south axis of over 30 kilometres.

After Girassol and Dalia, the launch of Pazflor represents a major new stage in the development of Block 17.

The overall development programme uses well-tried techniques on Girassol and Dalia. A floating processing, storage and offloading unit (FPSO) for Pazflor production will process the oil via 49 subsea wells (25 producers, 22 water injectors and 2 natural gas injectors). The FPSO will have a processing capacity of 200,000 barrels of oil per day and can store 1.9 million barrels, bringing the installed production capacity on Block 17 to over 700,000 barrels per day. The Pazflor FPSO will handle two oils of very different characteristics, which constitutes a technical challenge for the project: heavy oil (17°-22° API) from Miocene reservoirs, and lighter oil (35-38°API) from the Acacia Oligocene reservoir.

In addition, Pazflor will incorporate a number of major technological advances in bringing difficult deep offshore fields into production, in particular seabed gas/liquid separation, right next to the production wells. This technology is a world first.

As part of the development process, the installations have been designed to limit the environmental impact of the FPSO and the associated industrial activities. Measures include eliminating flaring under normal operating conditions, recovering heat from turbine exhaust gases and recovering vent gases using a compressor.

An important part of the Pazflor development will be carried out in Angola, as part of Total’s determination to continue increasing local involvement in its projects.

Total E&P Angola, a wholly owned subsidiary of Total, is the operator of the Block 17 with a 40% interest. It is partnered with StatoilHydro (23.33%), Esso Exploration Angola (Block 17) Limited (20%) and BP Exploration (Angola) Ltd (16.67%).

Total in Angola

Total is present in Angola since 1953 and holds interests in production permits both operated (Block 17) and non operated (Blocks 0 and 14) and exploration permits, two of which it operates (Blocks 17/06 and 32).

Deep-offshore Block 17 is Total’s major asset in Angola. It is composed of four major zones: Girassol and Dalia, both in production; Pazflor, which has been launched; and CLOV, a fourth major production area based on the Cravo, Lirio, Orquidea and Violeta discoveries, whose development is currently being studied. Future production from Pazflor and CLOV will come in addition to the more than 500,000 barrels of oil per day that are currently pumped from Girassol and Dalia structures on the Block 17. Rosa which came on stream in June 2007 with the connection to the Girassol FPSO will extend the production plateau of this FPSO until the next decade.

Ultra-deep exploration work conducted from 2003 to 2007 confirmed the potential of Block 32, with a dozen of discoveries. Conceptual development studies are underway in order to establish the feasibility of a first development zone to the eastern part of the block. New studies will be launched soon to evaluate the potential of the other discoveries.

Ericsson technology enables new safety device launched by NTT DoCoMo

Thursday, Dec 27, 2007

Ericsson (NASDAQ:ERIC) has announced that a brand-new security device with positioning capabilities, enabled by Ericsson technology, has been launched in Japan.

NTT DoCoMo, Inc., the Japanese telecoms giant, has launched a safety device that gets high-precision location information by using the GPS function. The device is designed to provide family members or authorities with positioning information or to enable location tracking when the user pulls the slide switch in a dangerous or emergency situation. The slide switch also triggers a crime prevention buzzer on the device.

The device is based on the U310 platform developed by Ericsson. The platform enables the modem and GPS functionality within the device, which is small enough to be carried inside a pocket or bag for easy activation in case of emergency.

Robert Puskaric, Head of Ericsson Mobile Platforms, says: “This shows that our platform technology is flexible and small enough to be implemented in devices other than the traditional mobile phone. We are also pleased to see that our platform has been included in a security device within the DoCoMo portfolio, as this proves its stability and quality.”

The product, CTG-001G, has been developed by Giant Electronics on behalf of DoCoMo, and was launched on the Japanese market on December 7.  

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

BHP must make formal Rio Tinto offer by February 6

Thursday, Dec 27, 2007

The world’s biggest miner, BHP Billiton, must make a formal offer for rival Rio Tinto by February 6, or walk away for six months, the UK’s Takeover Panel ruled on Friday.

Rio said on December 11 that it had applied to the Takeover Panel to set a deadline by which BHP Billiton must formalise its bid.

BHP Billiton must “either announce a firm intention to make an offer for Rio Tinto…or announce that it does not intend to make an offer for Rio Tinto,” by 17:00 on February 6, the panel said in a statement distributed by the Regulatory News Service.

BHP Billiton was “considering its options in light of the deadline set by the Panel Executive but no decision has yet been taken on this matter”, the company said in a statement.

“Accordingly, there can be no assurance that BHP Billiton will progress its proposal to Rio Tinto or that any offer for Rio Tinto will be made”

Rio Tinto said on Friday afternoon that it “welcomes the ‘put up or shut up’ deadline”.

Rio Tinto is defending itself against an unsolicited approach from the world’s biggest resources group, which is offering three of its own shares for every Rio Tinto share.

BHP Billiton said last month that it had written to Rio Tinto with an offer at a premium, and had asked to meet with the company to discuss the proposal, but Rio Tinto had turned it down.

Rio Tinto says the offer undervalues it, and CEO Tom Albanese has described the proposal as “dead in the water”.

“By 6 February, BHP Billiton will have had three months to make a decision and Rio Tinto believes it is in the interests of the group and its shareholders that this period of uncertainty is brought to an end,” the company said in a statement on Friday.

BHP Billiton CEO Marius Kloppers has defended the proposal since it was made public in November, maintaining that the two companies would be worth more together than apart.

Aker Kvaerner secures Naphtha Splitter project in The Netherlands

Friday, Dec 21, 2007

20 December 2007 - Aker Kvaerner has been awarded a contract from Koch HC Partnership B.V. for an upgrade of their refinery in The Netherlands. The scope is to finalise the basic engineering and provide EPCM (Engineering, Procurement and Construction Management) services for the upgrade of Koch HC Partnership’s Condensate Fractionating facility at its refinery in Europoort-Rotterdam. The contract value to Aker Kvaerner is not disclosed. Modifications to the existing facilities and installation of new equipment are required. The project is now underway and is being executed from Aker Kvaerner’s Rotterdam office. Plant start-up is expected in 2008. “We look forward to working with Koch HC to achieving greater plant processing flexibility and efficiency,” said Johan Cnossen, president of AK Process, Aker Kvaerner’s European Process business. “The structured project management and control features of the Aker Kvaerner Project Execution Model will be critical to the timely delivery of this project.” ENDS For further information, please contact: Media: Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542 UK: Vanessa Mourant, Communications Manager, Aker Kvaerner, Tel: +44 (0) 207 339 1064 Mob: +44 (0)7771 806566 Netherlands: Johan Cnossen, Aker Kvaerner, Zoetermeer, Tel: +31 (0)79 368 8721 Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39 Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact: Rodger Liang, VP Supply Management, Process & Construction, Aker Kvaerner, Tel:  +86 10 640 966 36 Career opportunities:
Visit: http://www.akerkvaerner.com/Internet/CareerCentre AKER KVÆRNER ASA, through its subsidiaries and affiliates (“Aker Kvaerner”), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries. Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings. Aker Kvaerner’s Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.    AK Process is a trading name of Aker Kvaerner Projects Ltd. a wholly owned subsidiary of AKER KVAERNER ASA and the legal entity responsible for the execution of the work. AK Process serves the chemicals and polymers, refining and onshore oil & gas industries.  It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic ‘one-off’ services or full turnkey solutions under a single project management control. It works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.  Koch HC Partnership B.V., part of Koch Supply & Trading, operates a refinery, built in 1994 (Koch HC Partnership B.V. assumed ownership in 1998), which produces jet fuel, gas oil, naphtha and residual fuel. The refinery processes crude oil primarily rather than condensates. Koch Supply & Trading, an indirect subsidiary of Koch Industries, Inc., and its companies have extensive operations across all aspects of crude oil, petroleum products, and commodity trading as well as capabilities in risk-management and cross-commodity offerings. This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com   Source: Aker Kvaerner

Wärtsilä delivers three gas-fuelled power plants to Bangladesh

Wärtsilä Corporation, Trade and technical press release, 21 December, 2007 Wärtsilä 34SG gas engines have the benefits of high efficiency, low exhaust emissions, high reliability as well as low maintenance requirements. Wärtsilä won contracts from the Summit Group of Bangladesh in November 2007 for a trio of new gas-fuelled power plants at Rupganj, Maona and Jangalia in Bangladesh. For each site, Wärtsilä will deliver four Wärtsilä 20V34SG generating sets with a combined output of 35 MWe, together with related ancillary equipment. Wärtsilä will also provide supervision of the installation work. The 12 sets are required to be fully operational by January 2009 under the terms of the related power purchase agreements with the Bangladeshi Rural Electrification Board (REB). All three plants will be connected to the 33 kV national grid. They will run on natural gas from Bangladeshi gas fields. The Summit Group owns an IPP (independent power producer), Summit Power Limited, operating a number of power plants supplying electricity to the national grid. The group already has three power plants equipped with a total of nine Wärtsilä 34SG gas-fuelled generating sets: Narsingdi with three Wärtsilä 20V34SG sets, Savar with four Wärtsilä 20V34SG sets, and Comilla with two Wärtsilä 16V34SG sets. Summit is also part owner of the Khulna Barge Mounted Power Plant, operated by Wärtsilä since 1998. This plant comprises two barges with a total of 19 Wärtsilä diesel generating sets having a combined output of 114 MWe. The three new plants are part of a major long-term programme by the Government of Bangladesh to extend main electricity supplies to the remote areas of the country as part of rural economic development. Although large generating plants are connected to the national grid in Bangladesh, small plants such as the three new plants are also being installed by independent power producers under BOO (build, own and operate) contracts to help meet the rising demand for electricity. Similar Wärtsilä 34SG-type engines have been chosen for the three new plants as for the previously-delivered plants to allow a degree of standardisation and commonality of spare parts and training. Wärtsilä 34SG gas engines are proving popular for industrial and local power plants in many countries worldwide with local supplies of natural gas. With unit power outputs up to 8.73 MW at 750 rpm, they have the benefits of high efficiency, low exhaust emissions, high reliability and low maintenance requirements. For example, the 20-cylinder Wärtsilä 34SG has a heat rate of 7880 kJ/kWh, equivalent to a brake efficiency of 45.7%. Overall, Wärtsilä 34SG engines are thus cost-effective alternatives to gas turbines. Related material  Wärtsilä in brief Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 15,000 professionals manning 150 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland.  www.wartsila.com  For further information, please contact:Maria NystrandPublic Relations Manager, Power PlantsWärtsilä CorporationDirect tel:          +358 10 709 1456Direct fax:         +358 10 709 1425e-mail:  maria.nystrand@wartsila.comInternet:            www.wartsila.com 

Ericsson acquires HyC Group Spanish IPTV consultancy and systems integration company

Friday, Dec 21, 2007

Ericsson (NASDAQ:ERIC) today announced it had acquired HyC Group, a leading Spanish company in TV consultancy and systems integration with around 110 employees. The acquisition further strengthens Ericsson’s position in the services and multimedia domains as a systems integrator of IPTV solutions.

IPTV is a key technology for telecom operators and service providers that aims to offer interactive and personalized broadband TV services to fixed and mobile users. With theacquisition of HyC, Ericsson further strengthens its ability to support operators and service providers in the solution design, installation, integration and operation of IPTV services.

The HyC employees will be part of the Ericsson’s growing global services organization, contributing to its success.

The HyC acquisition follows Ericsson’s acquisition of Tandberg Television, the world’s leading provider in advanced video compression technologies, at the beginning of the year.

Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson, says: “Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson. I am pleased to announce this acquisition as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC’s skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering.”

Hector Prieto, HyC General Manager, says: “We are proud to be part of the Ericsson Group. Customers will benefit from the combination of Ericsson’s global presence and our niche expertise in a blooming technology.”

Each year, Ericsson delivers more than 1000 systems integration projects, in multivendor and multi-technology environments, to operators and enterprises. Ericsson’s systems integration expertise covers multimedia services and service network, telecom management, IP-packet backbone, IP Multimedia Subsystem (IMS), satellite communications and National Security and Public Safety solutions.

Notes to editors:

Read more about Ericsson IPTV offer:

http://www.ericsson.com/ericsson/press/facts_figures/doc/iptv.pdf

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

Read more at www.ericsson.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Media Relations

Phone: +46 8 719 6992

E-mail: press.relations@ericsson.com

Ericsson Investor Relations

Phone: +46 8 719 4631

E-mail: investor.relations.se@ericsson.com

Subsea 7 i-Tech announces major contract awards globally

Subsea 7 Inc (OSE Symbol: SUB), through its i-Tech division, today announced a number of new business awards globally with an estimated total value of USD $15 million.

i-Tech has been awarded two contracts with terms of three and five years by Petroleo Brasileiro S.A. (Petrobras) for the provision of ROV services onboard two semi-submersible drilling rigs relocating from the US Gulf Of Mexico to work offshore Brazil. 

Larsen Oil and Gas has selected i-Tech to provide ROV services for a 2.5 year term onboard a semi submersible offshore Mexico.

In addition to the awards from Petrobras and Larsen Oil and Gas, i-Tech has also been successful in securing a one year contract for the supply of ROV and tooling services onboard a recently upgraded drill ship for work offshore West Africa and the Mediterranean Sea.

“i-Tech’s Managing Director, Neil Milne, commented, “These awards further consolidate our position as a global provider of ROV and intervention technologies to the offshore drilling industry.  We are particularly pleased that all of these awards are onboard offshore installations new to i-Tech.”

i-Tech employs 600 people globally and has operations in Europe and Africa, Asia Pacific, the Americas and Brazil.

Smart Sensor Technology improves subsea chemical injection

Thursday, Dec 20, 2007

The Norwegian sensor technology company PRESENS AS has been chosen to supply specialized pressure sensors to CorrOceanMareco AS for integration with their new generation subsea chemical injection valve. By incorporating advanced pressure sensing technology into their low-flow throttle valve design, several unique operational advantages will be gained, such as extreme accuracy with no drift, improved flow control of chemical injection, ongoing monitoring of actual injection rates, and less required calibration and maintenance.

PRESENS’ pressure sensor technology was selected due largely to its proven capability of measuring high pressures with extreme accuracy and no drift. PRESENS’ sensors are designed specifically for high-accuracy pressure and temperature measurement in severe environments such as topside and subsea oil and gas applications, which proved to be an ideal match for the development of CorrOceanMareco’s new generation chemical injection valve.

”We needed a better pressure sensor solution to improve our product performance. After more than one year of testing and benchmarking, we chose PRESENS. With the combination of high accuracy, no drift and an inherent tolerance to over-pressure and pressure spikes, PRESENS pressure sensors offer a level of performance unequalled by any other pressure sensor”, states CorrOceanMareco’s Managing Director, Stig Gustafson.

Accurate chemical injection

In the new chemical injection valve, a pressure sensor is located within the valve to measure the differential pressure, i.e. the liquid flow, across the valve. Throughout the injection cycle, pressure data is recorded and sent to the controller, which monitors and controls the chemical dosage rates. Precise flow control is based on high accuracy, and for this application there is no other sensor that can match the accuracy of the PRESENS sensor.

Inferior flow conditions in subsea pipelines can result in inefficient production, which can be very expensive to the operator. To avoid undesirable flow conditions in the pipeline, subsea operators inject different kind of chemicals. Accurate, monitored chemical injection eliminates the need for over-injection, greatly reducing chemical consumption, chemical costs and potential risk to the environment.

Less calibration and maintenance

PRESENS’ pressure sensors are based on Silicon Micro Electro Mechanical System (MEMS) technology. The company’s proprietary patented technology has a number of advantages over other current solutions on the market.

·       Silicon (Si) single crystal structure minimizes errors due to thermal and mechanical hysteresis and prevents long-term drift due to “creep”

·       A tubular design enables mechanical de-coupling of sensing area and eliminates error due to mounting stress

·       Extreme tolerance to over-pressure and pressure spikes is achieved in compressive stress operations

·       The piezoresistive Wheatstone resistor bridge is extremely stable and measures pressure and temperature simultaneously on the same resistor bridge

The combination of these attributes results in reduced calibration and maintenance of the injection valve, causing fewer potential disruptions or shutdowns in production. The pressure sensor within the chemical injection valve may also serve as a back-up for wellhead pressure/temperature sensors measuring the process pressure.

A win-win relationship

“We always strive to further develop and improve our products and services”, says Gustafson. “By entering into an agreement with PRESENS we did not only got the best sensor available on the market, we also got a trustworthy and capable partner with whom we want to continue working with”.  

Stefan Werner, PRESENS’ Director of Sales, agrees with Gustafson. ”We find synergies in cooperating with CorrOceanMareco. Our companies are similar to each other in many ways, and have common interest in continuously seeking and developing new and better technology for the oil and gas industry. Therefore we look forward to continuing our collaboration with CorrOceanMareco in the future.”

Success in the field

One of the first deliveries of CorrOceanMareco’s new throttle valves with the integrated PRESENS pressure sensor was to Statoil’s Tyrihans oilfield in the Norwegian Sea. The positive results from that installation, including high reliability and cost-effectiveness, resulted in Statoil recently awarding a new contract to CorrOceanMareco for their Gjøa project.

About PRESENS AS

Presens was founded in 1996 to commercialize a patented pressure sensor technology developed by the Sintef Group, one of Europe’s largest independent research organizations and among the world’s leading research institutes in silicon micromachining technology. The company’s unique and versatile technology enables extremely accurate measurements of pressures under demanding conditions.

Presens secured its first commercial installation in 1998, and has since further developed its technology with a range of products designed for a number of challenging applications. Today, Presens supplies high-accuracy sensors throughout the world in the oil & gas, aerospace and industrial markets. More information is available at www.presens.com.

Schlumberger acquires exclusive distribution rights to MetaCarta for oil & gas sector

Thursday, Dec 20, 2007

Agreement Provides Geographically Relevant Search Capabilities for Structured and Unstructured Content in Oil & Gas

HOUSTON, December 17, 2007 – Schlumberger today announced the acquisition of exclusive distribution rights to the oil and gas sector for the MetaCarta map-based geographic information search technologies from MetaCarta, Inc.

“MetaCarta is the perfect compliment to expand the Schlumberger industry leadership in information management. With the increasing amount of information held in unstructured form, such as documents, presentations and web content, MetaCarta’s geographically-specific access to unstructured content brings new power to petrotechnical professionals,” said Olivier Le Peuch, president, Schlumberger Information Solutions (SIS). “In combination with our geoscience and engineering information management solutions, now petrotechnical professionals will be able to rapidly incorporate all available information that is relevant to their prospect or field.”

MetaCarta search technology combines map-driven geographic search, geographic referencing, temporal filtering and data visualization capabilities, for both structured and unstructured content, making that content “location-aware”. This enables geoscientists and engineers to rapidly find and display relevant data in the context of their area of interest.

“The Schlumberger global sales and support organization will accelerate the expansion of MetaCarta solutions in the oil and gas industry,” said Ron Matros, president and chief executive officer, MetaCarta. “We look forward to bringing geographically relevant data search capabilities to a broader set of customers across the globe.”

Schlumberger will acquire all existing contracts for MetaCarta in the oil and gas sector, resulting in a single source for sales and support of this technology in the industry.

About Schlumberger
Schlumberger is the world’s leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry. The company employs more than 76,000 people of over 140 nationalities working in approximately 80 countries. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation evaluation; well testing and directional drilling to well cementing and stimulation; artificial lift and well completions; and consulting, software and information management. In 2006, Schlumberger operating revenue was $19.23 billion. For more information, visit www.SLB.com.

About MetaCarta
MetaCarta, Inc. is the leading provider of geographic search and referencing solutions. MetaCarta products make data and unstructured content “location-aware” making that information geographically relevant. Using a map interface, these innovative solutions make it possible for customers to discover, visualize, and act on important location-based information. Founded by a team of MIT researchers in 2001, MetaCarta is privately held, with US headquarters in Cambridge, Massachusetts and offices in Vienna, Virginia and Houston, Texas and resellers worldwide. For more information, please visit www.MetaCarta.com MetaCarta Resource Center.

Jan Frykhammar appointed Head of Ericsson’s Business Unit Global Services

Thursday, Dec 20, 2007

Jan Frykhammar is appointed Senior Vice President and Head of Ericsson’s (NASDAQ: ERIC) Business Unit Global Services, effective as of January 1, 2008. Jan Frykhammar is presently Vice President, Head of Sales and Business Control within Global Services. In his new position, he will be a member of the Group Management Team.

Jan Frykhammar joined Ericsson in 1991, and has held different managerial positions such as CFO in North America and Vice President, Finance within the global customer account Vodafone.

Jan Frykhammar was born in Stockholm in 1965 and holds a Bachelor of Business Administration and Economics degree from the University of Uppsala in Sweden.

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

Aker Kvaerner awarded another floater installation contract

Thursday, Dec 20, 2007

20 December 2007 – StatoilHydro has awarded Aker Kvaerner a contract for tow and installation of the Gjøa Semi in the North Sea. The total contract value is approximately NOK 180 million.

The work comprises installation of the mooring system, transportation and installation of the Gjøa Semi.

“We look forward to start this project work which is the second significant floater installation contract won within just a few days. We appreciate the confidence we are given by StatoilHydro, which will help us to develop our capabilities further along with our strategy; to be the preferred floater installation contractor”, says Torgeir Ramstad, President of Aker Marine Contractors.

Pre-installation of the 16 leg mooring system will be executed in 2009, while tow to field and installation of the Gjøa Semi will be executed in 2010.

The highly specified offshore construction vessel BOA SUB C, chartered by Aker Marine Contractors will be installing the heavy mooring system, whilst other vessels will be sourced from Maersk Supply Service. The planning and engineering will commence in January 2008.

Global Nuclear Fuel to provide Columbia Generating Station with fuel fabrication and reload services

Global Nuclear Fuel (GNF), a joint venture of GE, Hitachi and Toshiba, has been awarded a multi-million dollar, six-year contract to supply fuel fabrication and related reload engineering services for Energy Northwest’s Columbia Generating Station boiling water reactor (BWR).

Located 10 miles north of Richland, Wash., Columbia Generating Station generates approximately 1,200 megawatts (net) of power. Under the terms of the contract, GNF will provide ongoing fuel fabrication and reload engineering services to the BWR plant for three, two-year fuel cycles beginning in 2009.

All power produced at Columbia Generating Station is delivered to the Bonneville Power Administration, which distributes the power to utilities in the western United States. The contract is significant to GNF because no fuel from a GE-owned business or affiliate has been supplied to the plant since the initial core load in 1984.

“Global Nuclear Fuel is pleased with this opportunity to work with Energy Northwest and produce fuel for Columbia Generating Station,” said Jack Fuller, CEO of the Wilmington-based GNF. “The station is extremely beneficial to the region, as it provides enough electricity to power the city of Seattle. GNF is committed to delivering fuel fabrication and reload engineering services through our defense-in-depth program for

improved fuel performance and reliability to ensure successful plant performance for

many years.”

Columbia Generating Station provides continuous electricity to the northwestern

U.S. power grid without significant air emissions, reflecting an increasingly important benefit in this age of climate change concerns.

Refueling and maintenance outages occur every two years during the spring when the river system has ample water supplies to generate electricity through the Columbia and Snake river dam systems.

Columbia Generating Station is licensed by the U.S. Nuclear Regulatory Commission to run for 40 years, until 2023. Energy Northwest intends to seek a license extension from the NRC to operate the station through 2043.

About Global Nuclear Fuel

GNF is a leading supplier of BWR fuel throughout the world and continues to work with its customers to provide design and innovation relative to uranium and MOX fuel. GNF operates Global Nuclear Fuel – Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel – Japan Co. Ltd. in Kurihama, Japan. GNF also operates GNF ENUSA Nuclear Fuel S.A., a European nuclear fuel marketing company jointly owned with ENUSA Industrias Avanzadas S.A. of Spain.

###

For more information, contact:

Claire Zurek

Global Nuclear Fuel 

+1 910 675 5034 

claire.zurek@ge.com

 

Tom Murnane or Howard Masto

Masto Public Relations 

+ 1 518 786 6488

tom.murnane@mastopr.com

howard.masto@ge.com

Technip wins Caribbean subsea pipeline work

Technip has been awarded by the National Gas Company of Trinidad and Tobago Limited (NGC) a services contract for two pipelines to be installed offshore the islands of Trinidad and Tobago, in the Caribbean Sea.

Technip’s operating center in Houston will execute the contract.

The contract covers the front-end engineering design (FEED), the provision of subsea and land surveying services and environmental permitting services, project management and construction management for:

–a large diameter pipeline, which will connect the BHP Billiton facility in Block 2c offshore the northeast coast of Trinidad to NGC’s existing pipeline network,

–a pipeline that will connect the BHP Billiton facility to the south coast of Tobago to supply gas for a power generation plant currently under construction by NGC.

The pipelines are scheduled to be finished by the end of 2009.

Source: Technip

Cameron MARS and POSSibilities technologies utilized on king project

Two of Cameron’s CAMFORCEâ„¢ Subsea Processing technologies – MARS (Multiple Application Reinjection System) and POSSibilities (Production Optimization Simulation Software) have been successfully utilized as part of the BP King multiphase pumping project in the Gulf of Mexico.

MARS serves as the interface between the subsea production tree and the processing equipment modules (pumping, metering, separation or well stimulation) and has been described as a USB port for subsea production trees. The technology has been developed and supplied by DES, a wholly owned subsidiary of Cameron (NYSE: CAM). The patented MARS system enables processing equipment modules to be installed on any subsea tree at any time and provides a universal interface.

POSSibilities software is used to compare numerous production optimization solutions and configurations throughout the life of the field to determine an optimum solution.

The BP King project is the first multiphase pump installation in the Gulf of Mexico and the first field application of both the MARS and POSSibilities technologies.

DES founder and managing director, Ian Donald, says, “This is a double first for us. We are delighted that BP chose POSSibilities software and MARS hardware solutions to both evaluate and enable this ground breaking project.”

“In the King project, MARS offered BP a low risk method of gaining access to the wellstream. This was achieved without breaking into the existing flowline system while minimizing well downtime,” added Donald.

In addition to multiphase pumping, MARS has been selected by Shell for subsea well stimulation operations in the North Sea and by Total for subsea multiphase metering in West Africa. The MARS technology has also been the recipient of several industry awards including:

  • American Society of Mechanical Engineers – Distinguished Innovation Award
  • World Oil – New Horizons Idea Award
  • Subsea UK – Best Subsea Newcomer Award
  • Scottish Offshore Achievements – Innovative Technology Award

MARS and POSSibilities are two of the technologies included in Cameron’s CAMFORCE Subsea Processing System which includes multiphase boosting, separation and other enabling technologies for the emerging subsea processing market.

Source: Cameron

BHP Billiton announces production ramp up at Atlantis field in the Deepwater Gulf of Mexico

Wednesday, Dec 19, 2007

BHP Billiton (NYSE:BHP) (NYSE:BBL) today announced the ramp up of oil and gas production from the Atlantis field development located in the deepwater Gulf of Mexico, approximately 130 miles (208 kilometres) off the coast of Louisiana. Production commenced with the commissioning of wells and facilities in October 2007. With gas facilities and export pipelines now fully commissioned, gas sales have started and oil volumes are increasing. Additional wells will continue to be brought onstream, and the facility is expected to reach plateau production over the next six to 12 months.The Atlantis field development has encountered and managed numerous technical challenges associated with being the deepest moored oil and gas facility in the world. The field comprises five blocks, Green Canyon 699, 700, 742, 743 and 744, where water depths range from 4,400 to 7,100 feet (1,338 to 2,158 metres). BHP Billiton holds a 44 per cent interest in Atlantis with BP, the operator, holding the remaining 56 per cent.

“The Atlantis South field is a significant hydrocarbon resource. Although we have considerable drilling remaining, we are pleased to begin oil and gas production from this world-class field,” said J. Michael Yeager, Chief Executive for BHP Billiton Petroleum. “BHP Billiton’s production from the Gulf of Mexico is set for a dramatic increase in the years ahead, and Atlantis is a key part of that growth.”

The Atlantis production platform has nameplate processing capacity of 200,000 barrels of oil and 180 million cubic feet of gas per day. Crude oil from Atlantis is transported to markets onshore via the Caesar pipeline (in which BHP Billiton has a 25% equity share), to the Ship Shoal 332B platform, where there are multiple pipeline connections that allow the oil to directly reach major U.S. markets and pipeline interconnections. Natural gas from Atlantis is exported via the Cleopatra pipeline (where BHP Billiton has a 22% equity share), to the Ship Shoal 332A platform, where it will interconnect with Manta Ray Gathering System, and from there to the Nautilus Gas Transportation System into Louisiana.

The Atlantis field was discovered by the joint venture in 1998. The cost to achieve plateau production at Atlantis is estimated at US$1.63 billion, net to BHP Billiton.

About BHP Billiton

BHP Billiton is the world’s largest diversified resources company, with a portfolio of high-quality, long-life assets and a significant pipeline of growth projects. The Company employs approximately 39,000 people at more than 100 locations in 25 countries across the world. BHP Billiton Petroleum is a substantial oil and gas exploration and production business. Its principal activities are oil and natural gas exploration, development, production and marketing.

BP commissions atlantis platform begins oil and gas production

Wednesday, Dec 19, 2007

HOUSTON – BP today announced that it has completed commissioning of the Atlantis semi-submersible platform in the deepwater Gulf of Mexico and commenced the export of oil and gas from the deepest moored floating oil and gas production facility in the world. “The water depths and reservoir structure make Atlantis among the most technologically challenging developments undertaken by BP,” said Andy Inglis, BP’s Chief Executive of Exploration and Production. “Start-up is an important milestone as we grow production from our strong upstream portfolio in the deepwater Gulf of Mexico and elsewhere in the world.”

Production commenced with the commissioning of wells and facilities in October 2007. With gas facilities and export pipelines now fully commissioned, gas sales have started and oil volumes are increasing. Additional wells will continue to be brought on stream, and the facility is expected to reach plateau production by end of calendar year 2008.

BP began production operations in the deepwater Gulf of Mexico in 1995. Since then, the company has participated in a series of major projects, investing more than $14 billion.

“The investment we are making to deliver world class projects like Atlantis in the deepwater Gulf of Mexico is making a major contribution to US energy supply and US energy security,” said Bob Malone, Chairman and President of BP America.

BP is operator of Atlantis with 56 percent ownership. BHP Billiton has a 44 per cent working interest.

Petrobras selects Aker Kvaerner design for P-56 platform

Wednesday, Dec 19, 2007

18 December 2007 – The Brazilian oil company Petrobras have selected an Aker Kvaerner design for the hull of their new semisubmersible production platform to be located offshore Brazil, at the Marlim Sul deep water field development.

The design is a copy of the P-51 semisubmersible platform, developed by Aker Kvaerner for Petrobras in 2002. P-56 will be the third semisubmersible platform for Petrobras of this design. The new contract covers the additional licence as well as an option for utilizing technical assistance from Aker Kvaerner during the project.

“We are pleased to see that our floater technology and products for deep water once again has been selected for challenging development projects. This confirms our strategy of offering specialised products to the global market”, says Arnstein Ansnes, president of Aker Kvaerner Engineering & Technology.

Claro chooses Ericsson to supply 3G/HSPA and advanced video services in Brazil

Wednesday, Dec 19, 2007

Ericsson (NASDAQ:ERIC) has been selected by Claro – a company in the América Móvil Group, one of the five largest in the world - to implement a commercial network based on the 3G/UMTS (Universal Mobile Telecommunication System) technology with HSDPA (High-Speed Downlink Packet Access), in the metropolitan regions of São Paulo, Rio de Janeiro and Porto Alegre. Ericsson is also supplying new GPRS nodes, core update and Video Gateway System.

Ericsson will be responsible for the 3G radio, transmission and core network, upgrading Claro’s existing GSM/GPRS/EDGE network, in these regions, to 3G/UMST standard. Commercial launch occurred in November this year. The UMTS technology upgrade represents a natural, standardized evolution of GSM technology for the operator.

Ericsson was chosen because it offers true end-to-end 3G solutions that lay the foundation for a smooth and cost-effective migration path from second-generation GSM networks. Due to the arrival of GSM technology in 2003, and the migration of TDMA users to this platform, there was a progressive emptying of the spectrum used for the TDMA operation by the mobile operators in the 850MHz frequency. Fulfilling the regulation restriction – which dictates that operators use the most efficient electromagnetic spectrum – Claro began operating the 3G network in this frequency.

Johan Wibergh, President, Ericsson Brazil, says: “We are delighted and proud to be the partner of choice to supply the 3G network to Claro. This new, country-wide network allows Brazilian mobile users, on a large scale, to enjoy the benefits of mobile broadband services.

“Ericsson is the leader in driving the growth of the 3G/HSPA market around the world. We have been the main driving force in the standardization of WCDMA/UMTS, and also lead the market in research and the number of patents granted.”

Eduardo Moreno, Director of Engineer, Claro, says: “3G launch will do for broadband in Brazil what prepaid did for telephony. With these new solutions, our subscribers have access to value-added services such as video, music and mobile TV up to 10 times faster compared than the GSM network.”

Under the agreement, Ericsson is also supplying a Video Gateway System (ViG). This solution is ideally placed to meet the demands of network operators and service providers to offer enriched contents and services. Claro’s subscribers have access to the most attractive end-to-end services for video calling, video streaming and video download.

Motorola helps retailers increase customer loyalty with new interactive payment terminals

Wednesday, Dec 19, 2007

HOLTSVILLE, N.Y., Dec. 18 /PRNewswire-FirstCall/ — The enterprisemobility business of Motorola, Inc. (NYSE: MOT) today announced the PD8750 series of PCI PED-approved interactive payment terminals with fully integrated debit, credit, smart card and contactless payment capabilities.  The new payment terminal is ideal for multi-lane retailers seeking to help increase customer loyalty with fast, secure payment processing. Designed to speed customers through the checkout, the PD8750 helps to ensure fast, accurate transaction processing, regardless of which way the card is swiped.  And with support for both finger and stylus pen touch, the PD8750 delivers quality signature capture and reliable PIN entry.  In addition, the new PD8750 is equipped with a crisp color display which allows retailers to deliver real-time digital advertising — providing the customer with targeted information at point-of-sale.


“The new PD8750 payment terminals are a testament to our continued efforts to bring innovative retail solutions to market while protecting consumer account data,” said Bob Sanders, vice president and general manager of Advanced Data Capture, Motorola Enterprise Mobility business. “Motorola’s PD8750 payment terminal provides shoppers with a speedier and more efficient checkout process while helping to reduce transaction and payment-related costs for the retailer.”


The new payment terminals meet the strict security requirements set by PCI PED. In addition, the PD8750 has received Interac Association Chip 2.0 PED Device Certification for use within the Interac Direct Payment (IDP) network.

The new payment terminals incorporate the industry’s only dual head magnetic stripe readers which reduces the need for customers to swipe their cards more than one time and speeds them through the checkout lane. Motorola offers a full complement of Enterprise Mobility Services to keep the PD8750 operating at peak performance throughout its lifecycle. The PD8750 is eligible for Service from the Start Service Center Support, a prepaid program that delivers multiple years of seamless coverage and rapid in-house product repair through Motorola’s support centers and world-class service centers. Purchased up front with the payment system, this service provides access to technical support resources, state-of-the-art diagnostics and a rigorous adherence to repair protocols to help ensure customers derive full value from their investment in our technology. The PD8750 is expected to be available in North America in the first quarter of. 2008 through Motorola sales, as well as select Motorola business partners.


About Motorola


Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering “must have” products, “must do” experiences and powerful networks — along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.8 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com.


MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. Microsoft and Windows are registered trademarks of Microsoft Corporation.  All other product or service names are the property of their respective owners.  (C) Motorola, Inc. 2007.  All rights reserved.

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