News Archive for Oil and Gas News, Project News

Recent Drilling Projects

At www.yourprojectnews.com we feature of the of latest drilling project contract awards, keeping up to date on what’s going on within the relevant sectors.  This month alone we have featured press from Transocean, Atwood Hunter, Saipem, Aker Solutions, Noble Denton, Marathon and Hess Corporation.  Please clicki on the links below to read some of the stories released at the end of June:

Saipem awarded new onshore drilling contracts 30-06-2008
Lamprell announces US$204.5 million contract award 26-06-2008
Marathon announces contract extension for Noble’s deepwater drilling rig in the Gulf of Mexico 25-06-2008
Cabo to drill 3,000 meters for Seafield at Elora Gold Project 25-06-2008
Transocean Inc. announces agreement to acquire newbuild ultra-deepwater drillship under capital lease contract 24-06-2008
Transocean Inc. announces contract extension for GSF Development Driller II 20-06-2008
Aker Solutions awarded drilling equipment contract 19-06-2008
Saipem awards the contract for the construction of the deepwater field development ship FDS 2 19-06-2008
WorleyParsons announces Sakhalin-1 Arkutun-Dagi offshore platform contract 19-06-2008
Eni and NOC sign contracts (EPSA IV) and establish foundations for joint development of oil & gas projects 17-06-2008
Gulf Western Petroleum announces Oakcrest Prospect participation agreement 17-06-2008
Cabo to drill 15,000 meters for Burin Minerals 17-06-2008
Paradigm announces new contract with Hess Corporation 16-06-2008

Sony Ericsson sees continued market challenges

Monday, Jun 30, 2008

Sony Ericsson, the 50/50 joint venture between Ericsson (NASDAQ:ERIC) and Sony Corporation (NYSE:SNE), today announced that the company sees continued market challenges impacting sales and profit in the second quarter 2008.
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Raytheon achieves U.K. Intelligence Integration Milestone during Coalition Warrior Interoperability Demonstration 2008

Monday, Jun 30, 2008

PORTSMOUTH, England, June 27, 2008 /PRNewswire/ — Raytheon Company (NYSE: RTN) demonstrated the potential to employ a U.K. adaptation of the U.S.-deployed Distributed Common Ground System (DCGS) to provide a more accurate, timely understanding of an adversary and their actions.The demonstration took place during the 2008 Coalition Warrior Interoperability Demonstration June 2-20 in Portsmouth, U.K.
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ArcelorMittal enhances its distribution activities in United Arab Emirates

Monday, Jun 30, 2008

Luxembourg, 30 June 2008 – ArcelorMittal, the world’s largest integrated metals and mining company, announces that it intends to acquire 60% of the entire issued share capital of DSTC FZCO, a newly incorporated company located in the Dubai free zone.
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Dana Gas announces new oil discovery in Egypt

Monday, Jun 30, 2008

Dana Gas, the Middle East’s first and largest regional private-sector natural gas company, has announced a discovery from a new oil zone in its Egyptian concessions, marking the first discovery in the company’s US$ 170 million drilling campaign for 2008.
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GE Energy supplying 32 Jenbacher Gas Engines to provide power for India’s first heated crude oil pipeline project

Monday, Jun 30, 2008

JENBACH, AUSTRIA – June 26, 2008 : – GE Energy is supplying Cairn India with 32 of its J420 GS Jenbacher gas engines that will generate the electricity for India’s first cross country, heated crude oil pipeline, which is currently under construction.
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Schlumberger: Seismic acquisition by sailing in circles

Monday, Jun 30, 2008

Wide azimuth, or WAZ, seismic surveys provide better illumination than traditional marine surveys in complex geologic areas by essentially “shining the light” on the formations from many directions. The “light” comprises seismic signals over a wide range of azimuths, or angles of incidence on the subsurface reflectors. WAZ surveys typically use multiple source and streamer vessels to obtain this advantage.
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Tollow Oil announces Uganda Block 3A: Kingfisher-2 update

Monday, Jun 30, 2008

30 June 2008 – Heritage Oil, the operator of the Kingfisher-2 exploratory appraisal well in Block 3A, Uganda, in which Tullow Oil plc (Tullow) is a 50% partner, today issued the following press release.
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QPI, PetroChina & Shell sign Letter of Intent for refinery and petrochemical manufacturing marketing in China

Monday, Jun 30, 2008

In the presence of His Highness Sheikh Tamim Bin Hamad Al-Thani, the Heir Apparent of the State of Qatar, Qatar signed today with PetroChina Company Limited (PetroChina), and Shell (China) Limited (Shell), a Letter of Intent (LOI) to commence joint preliminary studies to assess the viability of building a refinery and petrochemical manufacturing complex and marketing its products in China. The signing was witnessed also by Mr Xi Jinping, Vice President of the People’s Republic of China and His Excellency Sheikh Hamad Bin Jassem Bin Jabor Al-Thani, Qatar’s Prime Minister and Minister of Foreign Affairs.
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LyondellBasell Industries subsidiary to stop producing LDPE at its Pasadena facility

Monday, Jun 30, 2008

ROTTERDAM, Netherlands, June 27 /PRNewswire/ — Equistar Chemicals, LP will stop producing low density polyethylene (LDPE) at its Pasadena, Texas, tubular process unit by the end of the year, parent company LyondellBasell Industries announced today. Production will shift to other sites.
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Roxar Americas secures contract with Cameron International

Monday, Jun 30, 2008

Stavanger, Norway, 27 June 2008. Roxar ASA (Oslo Børs: ROX) announced today that its US$8 million (40 million NOK) North American contract announced to the Oslo Stock Exchange in early May will be with Cameron International Corp for the roll-out of monitoring and measurement solutions on Husky Energy’s North Amethyst Project. Husky Energy Inc is one of Canada’s largest energy companies.
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Foster Wheeler Spanish subsidiary awarded multiple HRSG projects

Friday, Jun 27, 2008

HAMILTON, Bermuda–(BUSINESS WIRE)– Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its Spanish subsidiary Foster Wheeler Energía, S.A., part of its Global Power Group, has been awarded three contracts for heat recovery steam generators (HRSGs) in Portugal, Spain and the Netherlands.
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TNK-BP and OGK-1 Cooperate in framework of joint venture based on Nizhnevartovsk power plant

Friday, Jun 27, 2008

The Board of Directors of TNK-BP has approved the company’s participation in a joint investment project for construction of a new steam-gas combined-cycle unit with a capacity of 800 MW at the Nizhnevartovsk Power Plant.
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Motorola gains DOCSIS 3.0(R) certification in First CableLabs(R) Wave to include digital voice modems

Friday, Jun 27, 2008

Motorola secures first full Industry certification for voice and data modem including PacketCable(TM) 1.5 Certification for Motorola SURFboard(R) SBV6220 eMTA
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Raytheon Solipsys releases 3-D visualization tool

Friday, Jun 27, 2008

TEWKSBURY, Mass., June 26, 2008 /PRNewswire/ — Raytheon Company’s (NYSE: RTN) Solipsys has released a three dimensional extension for its Tactical Display Framework (TDF 3D), a real-time visualization capability used in command and control, homeland defense, surveillance and air traffic management systems.TDF 3D enhances the Tactical Display Framework software product by displaying tracks, history, sensors, overlays, pairing lines and imagery in three dimensions.
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ArcelorMittal announces adjustment to flat carbon steel prices for the European market

Friday, Jun 27, 2008

Luxembourg, 27 June 2008 – ArcelorMittal announces it has adjusted its prices for flat carbon products in Europe for new bookings with delivery scheduled for September 2008.
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Yukon-Nevada Gold Corp. moves forward on its expansion plan

Friday, Jun 27, 2008

Vancouver, Canada – June 26, 2008 – Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) (the “Company”) clarifies its operational strategy for the next two years at both Jerritt Canyon, Nevada and Ketza River, Yukon Territory.   ”
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Aker Solutions wins contract for tie-in of M-template to the Norne platform

Friday, Jun 27, 2008

27. June 2008 – StatoilHydro has awarded Aker Solutions the contract to perform topside modifications for tie-in of the M-template to the Norne FPSO, the Norne M project.  The contract is a EPCI contract worth approximately NOK 50million, scheduled for project completion November 2009.
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Shell enters preliminary agreement with BPZ Energy Inc. to explore for oil and gas

Friday, Jun 27, 2008

Shell Exploration Company (West) B.V. (Shell) and BPZ Energy Inc. have signed a preliminary agreement to jointly explore for oil and gas in northern Peru.
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Eni confirms it has signed non-binding term sheet with Publigaz

Friday, Jun 27, 2008

San Donato Milanese (Milan), 26 June 2008 – Following Eni’s announcement of 29 May 2008 in relation to its proposed acquisition from Suez-Tractebel S.A. of a 57.243% interest in Distrigaz S.A. / Distrigas N.V. (“Distrigaz“), Eni confirms that it has signed a non-binding term sheet with Publigaz S.C.R.L. / Publigas C.V.B.A. (“Publigaz“), which owns a 31.25% interest in Distrigaz, in connection with the possible relationship between the parties in their capacity as reference shareholders of Distrigaz.
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