STATOIL has launched a design race for a new “workhorse” semi-submersible that is likely to see multiple orders placed within a year as it seeks to avert a critical shortage of rig capacity in Norway.
FOR centuries the Athabasca River of Alberta has been one of the province’s largest and most vital natural resources.
The timing of Endeavour International’s Rochelle gas project off the UK is under pressure amid a brewing row over access to nearby infrastructure.
ITALIAN contractor Saipem has placed the lowest bid in a tender to supply Petrobras with 16 steel-catenary risers to be hooked up to the semi-submersible production unit P-55, soon to be installed in the Roncador field.
Abu Dhabi-based National ¿Petroleum Construction Company (NPCC) is about to award a newbuild contract for a heavy-lift pipelay barge, with Drydocks World-Dubai seen as the front runner for the job, write Tan Hwee Hwee, Xu Yihe and Vahe Petrossian.
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Cashing up: Gazprom
Russia's Gazprom plans to issue a$1.5 billion of Eurobonds and will use part of the proceeds to finance the acquisition by its oil arm, Gazprom Neft, of Sibir Energy, according to reports.
The placement could take place at the end of the month, wrote Interfax , quoting sources.
Gazprom Neft says it has built up a stake of just under 49% in mid-sized oil company Sibir, and has not yet decided whether to buy more stakes.
| Dominion sells off E&P business for $3.5bn |
| Total primes Laggan-Tormore kick-off |
| Statoil in semisub hunt |
| BP takes $7bn bite of Devon |
| Wintershall plans $4bn spend |
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