Company News

Excelerate Energy of USA has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017. The agreement affords Excelerate, the world’s largest operator of regasification vessels and developer of LNG import solutions, the ability to increase its fleet of nine FSRUs as global demand for LNG import solutions continues to expand rapidly.

Iron ore and titanium deposits with estimated reserves of 5 million tons have been found and inventoried during prospecting activities carried out by the Mozambican Ministry for Mining Resources in Tete province.

Kinder Morgan Energy Partners, L.P. will acquire 100% Tennessee Gas Pipeline (TGP) and a 50% interest in El Paso Natural Gas (EPNG) pipeline from Kinder Morgan, Inc.

Technip was awarded by Ithaca Energy (UK) Ltd an EPIC subsea contract for the Greater Stella Area (GSA) development, located 280km East-Southeast of Aberdeen, Scotland at a water depth of approximately 90m.

Sound Oil, the upstream oil and gas company with assets in Italy and Indonesia, is pleased to announce the appointment of the Italian engineering company CSTI Srl as engineering contractor for the Rapagnano Gas Field and a related funding contract. Sound Oil has appointed CSTI to undertake the surface and facilities engineering for the Rapagnano project and has also signed an associated funding contract with CSTI.The Rapagnano field, located in the Fermo Province (Marche), onshore Italy, was discovered in 1952 and produced 4Bscf gas from the Pliocene interval until 2001, when the well was shut down because of water influx from the upper of two separate gas-bearing reservoirs.

Odfjell has signed a ship building contract with Hyundai Mipo Dockyard., Ltd for construction of four chemical tankers of 46,000 DWT design draft with 22 coated cargo tanks.

Technip, in a consortium with National Petroleum Construction Company (NPCC), was awarded by Zakum Development Company (ZADCO) a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract for the Upper Zakum 750K Project in Abu Dhabi, United Arab Emirates.

Petrofac, the international oil & gas service provider, has been awarded two engineering, procurement and construction (EPC) contracts for Petro Rabigh's Phase II petrochemical expansion project.

Wärtsilä has been contracted to supply the ship designs for three new platform supply vessels (PSVs).

Fluke Engenharia, an Acteon company, has won a new contract from Subsea 7 to fabricate 27 suction piles for use in the Guará–Lula field, which is part of the pre-salt cluster in the Santos basin, offshore Brazil. Fluke Engenharia will manufacture the products at its Macaé facilities and will deliver them over the course of 2012.