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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]