Sapurakencana Petroleum Bhd : Sapurakencana tl offshore has been awarded contracts with a combined value of approximately USD65.3 million . Deal expected to contribute positively towards earnings for the financial year ending 31 January 2017 .
Sino Geophysical Co Ltd <300191.SZ>: Says it to invest $2 million to set up a wholly owned subsidiary Sinogeo Seismic Service Ltd and says the new unit with registered capital of $50,000 . Says the new subsidiary to set up a jv named Sinogeo Seismic Service (HK) Ltd, with Challenger Energy Ltd .Says unit's jv with registered capital of HK$10,000 and the unit to hold 60 percent stake in it.
Mcdermott International Inc : Says five-year agreement aims to increase local content for projects in Qatar . Says N-Kom serves as subcontractor and performs fabrication . Mcdermott and Nakilat-Keppel Offshore Marine enter exclusive cooperation agreement in Qatar .Will serve as prime contractor to customers, lead engineering with teams based in Dubai and global engineering center in Chennai, India.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd <1938.HK>: Business update: price agreement for supplying 40,000 tonnes steel pipes to Petronas <1938.HK> . Awarded price agreement to supply about 40,000 tonnes of steel pipes for 2 years .
Solstad Offshore ASA : Statoil has declared its option to extend AHTS Normand Ferking with one year from September 2016 . This is the first out of total of three yearly options .Commercial terms are confidential between parties.
Fugro NV : Fugro awarded geotechnical site investigation contract by ONGC India . Value of this contract is approximately USD 26 million . Will deploy its deep water geotechnical vessel, Fugro Voyager, commencing before end of Q3 2016 Further company coverage: [FUGRc.AS] (Gdynia Newsroom) ((firstname.lastname@example.org; +48 58 698 3920;)).
Petrofac Ltd : Confirms it will play a significant role in new contracting strategies launched by Repsol Sinopec Resources UK . As part of its revised approach Repsol Sinopec Resources UK has awarded Petrofac two major contracts to support significant areas of its business . Petrofac has been awarded a three-year engineering support services contract as a tier 1 contractor for major brownfield modifications across 12 assets . Around 300 personnel currently supporting these assets will transfer to petrofac at end of transition period. . Under separate three-year contract, co will provide operations,maintenance and construction personnel for five of Repsol Sinopec Resources UK's assets Further company coverage: [PFC.L] (Bengaluru Newsroom) ((+91 80 6749 1136;)).
Petrofac Ltd : Berantai RSC - agreement with Petronas . Have reached mutual agreement with Petronas for cessation of Berantai Risk Service Contract . Petronas will reimburse balance of outstanding capital and operational expenditures to Petrofac and its partners over period to June 2017 . As part of arrangement ownership of Berantai FPSO will be transferred to Petronas .Petrofac will use cash proceeds for general corporate purposes.
Zhundong Petroleum Technology <002207.SZ>:Says it will set up three wholly owned technology units in Beijing, Shanghai, Qingtao, and units with capital of 30 million yuan.
John Wood Group Plc : Wood Group awarded multimillion dollar engineering and procurement services contract for statoil's Peregrino field. .Wood Group Mustang will perform work for Kiewit Offshore Services..