Expro shortlisted for major subsea business awards

Thursday, Jan 31, 2008

International oilfield service company Expro has been shortlisted in the prestigious Subsea UK Business Awards for 2008.
Expro has been selected in the organization’s Subsea Company of the Year category. The honor represents a major milestone in Expro’s recently implemented Excellence in Operations program.
The awards aim to recognize excellence and achievement across the […]

Subsea UK Business Awards 2008 shortlist unveiled

Wednesday, Jan 30, 2008

The shortlist for the subsea industry’s prestigious awards has been revealed.
A total of 10 companies, chosen from a wide and varied group of nominations received from organisations around the UK, are in the running for the Subsea UK Business Awards 2008.
The awards aim to recognise excellence and achievement across the rapidly expanding […]

Deepocean has received a Letter of Intent from StatoilHydro for delivery of Subsea IMR Services using the newbuild Edda Flora

Thursday, Jan 31, 2008

DeepOcean ASA (”DeepOcean”) (OSE: DEEP) has received a letter of intent from StatoilHydro for delivery of Subsea Inspection, Maintenance and Repair (IMR) Services using the newbuild vessel Edda Flora to be delivered from Karmsund Maritime in April/May this year. The new contract will commence in May 2008 and continue until December 2011 […]

Horizon signs wind turbine agreement with GE Energy

Thursday, Jan 31, 2008

Horizon Wind Energy, LLC has signed wind turbine supply and service agreements with GE Energy for future U.S. projects. GE will supply Horizon with 201 1.5-megawatt (MW) wind turbines, to be shipped during 2010. Under a separate, two-year agreement, GE will provide operations support, parts and maintenance for those units.
The new agreements […]

Ericsson first to demonstrate LTE in both FDD and TDD modes on the same base station platform

Thursday, Jan 31, 2008

Ericsson (NASDAQ: ERIC) today announced that it had demonstrated for the first time Long Term Evolution (LTE) in both Frequency Division Duplex (FDD) and Time Division Duplex (TDD) mode on the same base station platform.  LTE is the only technology that can use the same platform for both paired and unpaired spectrum, […]

Sipchem plans to raise US$533.3 million for expansion project

Thursday, Jan 31, 2008

Saudi International Petrochemicals Co. (Sipchem) plans to finance expansion plans million by selling stocks to its shareholders. Sipchem wants to raise US$533.3 by selling 133.33 million new shares at 15 riyals each. The issue will help finance an acetyl complex, future expansion projects and general company costs.
The issue would raise Sipchem’s paid-up […]

Eni to bid for oil license in Russia’s Krasnoyarsk

Thursday, Jan 31, 2008

Italy’s Eni SpA (E) is seeking to participate in an auction for an oil license in Russia’s Krasnoyarsk region in Siberia, the Kommersant daily reported Wednesday, citing a regional official.
The field in question - the Olemchinsky deposit - contains 43 million tons of oil and 121 billion cubic meters of natural gas.
Eni […]

Shell to develop 19 subsea wells deepwater fields offshore Malaysia

Thursday, Jan 31, 2008

Sabah Shell Petroleum Company will be operator of the development, which will employ the region’s first deepwater Floating Production System (FPS), with a processing capacity of 150,000 barrels of oil per day.  The field, which is in waters up to 1,300 metres deep in blocks J and K, will be developed using […]

GE Oil & Gas signs frame agreements with StatoilHydro valued at more than US$300 million

Thursday, Jan 31, 2008

GE Oil & Gas has secured two frame agreements with a total value of more than $300 million to supply compression equipment and services to StatoilHydro, a leading global energy group based in Norway.
The contracts cover the delivery of complete gas turbine and electric motor driven compressor sets, compressor revamp bundles, commissioning, […]

Marathon in US$8 billion push into 10 oil provinces

Thursday, Jan 31, 2008

Marathon Oil Corp. will spend $3.2 billion of an $8 billion investment push in 2008 exploring for and producing oil and gas, the company’s Houston HQ has declared.
The 23-percent increase in E&P spending over 2007 comes as the company sets its sites on drilling 10 exploration and appraisal wells. Half the money […]