Company News

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.

The Barrett Steel Group, UK, has launched a dedicated stainless steel company operating under the name Barrett Stainless.

The Ugandan government wants to retain a 40% stake in the proposed oil refinery project in the country's Lake Albertine rift basin, where companies are currently developing oil fields containing as much as 2.5 billion barrels of oil, Uganda's junior energy and minerals minister told Dow Jones Newswires Friday. The oil refinery, which is expected to cost up to USD 5B, will be developed under a public-private partnership and is billed as the country's largest ever infrastructure project, Peter Lokeris said in an interview. "We are negotiating with prospective investors, and by around August we will select the most serious companies and ask them to submit bids," Mr.

S.J. (Sherman) Glass, Jr., president, ExxonMobil Refining & Supply Company, and vice president, Exxon Mobil Corporation has elected to retire on 1 August 2012, after over 40 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation will appoint D.W.

Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator.