News Archive for Oil and Gas News, Project News

KCA DEUTAG awarded major drilling rig contract offshore Asia

Wednesday, Oct 08, 2008

KCA DEUTAG, the international drilling contractor, has been awarded a US$30m contract by Global Tender Barges Pte Ltd (owner of the Alligator tender assist rig) to support the drilling contract from Petronas Carigali Sdn Bhd, for the operation and management of the Alligator tender assist rig.
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Lundin Petroleum Announces Resource Estimates for Oil Discovery in the Lagansky Block

Wednesday, Oct 08, 2008

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce the estimated recoverable resources for the Morskaya structure in the Lagansky block, situated in the northern Caspian Sea. The Morskaya-1 exploration well was completed in July 2008 and encountered a major oil accumulation in the Aptian and Neocomian sandstone reservoirs. Lundin Petroleum’s preliminary estimates indicate gross recoverable resources between 110 and 450 million barrels of oil (mmbo) in the Lagansky part of the Morskaya structure. Lundin Petroleum’s mid case estimate is 230 mmbo. Approximately 50 percent of the Morskaya structure is in the Lagansky block and therefore the mid case estimate of the size of the discovery is close to half a billion barrels of oil.

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LyondellBasell launches new-generation PE adhesive resin used in steel pipe external coatings

Wednesday, Oct 08, 2008

ROTTERDAM, Netherlands, October 7, 2008 – LyondellBasell Industries has launched a new polyethylene adhesive resin that addresses customer needs in the rapidly-expanding pipe coatings industry. The new resin, Lucalen G3710E, is used as an adhesive layer in three-layer coating applications between fusion bonded epoxy resins and an HDPE top coat material.
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Aker Philadelphia Provides Construction Update

Wednesday, Oct 08, 2008

On Friday, September 19, Hull 009, the fifth product tanker in a series of twelve, was successfully delivered to American Shipping Company.
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