Tag: oil

FMC Technologies Inc. has announced that MODEC International LLC, a joint venture of FMC Technologies and MODEC Inc., Tokyo, has entered into a letter of intent with El Paso Energy Partners LP to provide the engineering, procurement and construction of the hull, mooring and production riser system for the world's deepest planned tension leg platform (TLP).

Bouygues Offshore with Italy's Saipem has won a turn-key contract for an oilfield development project in Algeria.

Brazilian state oil company Petrobras has awarded Aker Maritime a contract for preliminary engineering for one deepwater platform, with an option for engineering of one additional platform. The preliminary engineering of the first platform has in itself a value of approximately USD 8 millions.

Shell Malaysia plans to invest about 1 billion ringgit ($1=MYR3.80) in oil and gas exploration and production projects in 2002. The company will focus its efforts this year on continued exploration drilling in Block E, offshore Sarawak, and Block G, offshore Sabah.

New reserves of oil found in the North Sea have been described as the biggest in over a decade, according to a report on the BBC's website.

Russian-Belarus oil firm Slavneft has said it would on January 15 sign a production sharing agreement with the Sudanese government on developing an oilfield in the African country.

Stolt Offshore SA has announced the award of a contract from Shell Petroleum Development Company (SPDC) in Nigeria for the ForcadosYokri offshore development in the Niger Delta.

Kvaerner has been awarded two deepwater contracts from Petrobras in Brazil.

BHP Billiton Ltd plc has decided to spend USD 300 million development of the Mad Dog field in the Gulf of Mexico.

Siderca has set up field test strings for the development of double-walled tubes to enhance operation of wells in which steam injection is needed.