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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New acreage: in China for CNOOC and Sinopec
US independent Marathon Oil said today that it has sold a 20% stake in Angola Block 32 to China National Offshore Oil Corporation (CNOOC) and Sinopec for $1.3 billion.
The transaction is expected to be closed by the end of the year, said Marathon in a statement.
The concessionaire of Block 32 is state-run Sonangol (20%), with operator Total (30%), Esso Exploration (15%) and Petrogal (5%) as partners.
| BP takes $7bn bite of Devon |
| Dominion sells off E&P business for $3.5bn |
| Shell seals Prelude FLNG |
| Libya eyes non-US energy partners |
| Modec floater calls it a day |
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