Oil Related Services and Equipment

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MRC Global Inc awarded five-Year Supplier Agreement by MarkWest

Monday, 22 Dec 2014 04:15pm EST

MRC Global Inc:Announces that MarkWest Energy Partners, L.P. (MarkWest) has awarded a pipe, valves and fittings (PVF) supplier agreement to its U.S. operating company, McJunkin Red Man Corporation.Under this agreement, McJunkin Red Man will supply PVF for MarkWest's pipeline projects focused in the Marcellus and Utica regions.The agreement has a five year term.

GETECH Group plc first orders under umbrella contract

Monday, 22 Dec 2014 02:39am EST

GETECH Group plc:Says that the first orders have been placed under the umbrella contract referred to in the announcement on Nov. 4.This contract is with a long standing client and provides three-year extension to the previous, annually renewable, contract.Under this extension the client may purchase Globe, Regional Reports, data and Commissions work.The total value of this first order is £400k, all of which will be delivered during the current financial year.

Polarcus wins 21 days 3D project offshore West Africa

Friday, 19 Dec 2014 01:00am EST

Polarcus Ltd:Has been awarded 3D project offshore West Africa Letter of Intent (LOI) with Perenco Oil & Gas Gabon S.A.The project, to be acquired by Polarcus Nadia and subject to the execution of a service contract, will commence in Q1 2015 and is expected to run for about 21 days.

FMC Technologies Inc awarded $393 mln subsea systems contract for Eni's block 15/06 east hub project offshore angola

Thursday, 18 Dec 2014 04:05pm EST

FMC Technologies Inc:Received order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development.Order has an estimated value of $393 mln in revenue.

Ocean Yield ASA sells seismic vessel Geco Triton

Thursday, 18 Dec 2014 03:06am EST

Ocean Yield ASA:Says has agreed to sell the 1991 built seismic vessel ''Geco Triton'' to the charterer for $8.2 million.Sales price includes full payment of remaining charterhire until December 2015.Current book value of vessel is about $12 million.As there is no debt on vessel, net cash proceeds will be equal to sales price.

ElectroMagnetic GeoServices signs $7.1 mln Barents Sea licencing deal

Wednesday, 17 Dec 2014 08:34am EST

ElectroMagnetic GeoServices ASA:Has entered into data licensing agreement with an oil company worth $7.1 mln for the provision of 3D EM data from the multi-client library in the Barents Sea.The data will be delivered in Dec. 2014 and EMGS will therefore book the full USD 7.1 million as late sales in Q4 2014.

FMC Technologies gets subsea systems contract

Wednesday, 17 Dec 2014 08:00am EST

FMC Technologies Inc:Has received an order from Star Deep Water Petroleum Ltd (a Chevron company), operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria.

Farstad Shipping ASA gets contract for building of a subsea/IMR vessel

Wednesday, 17 Dec 2014 02:56am EST

Farstad Shipping ASA:Says has, on behalf of a wholly owned subsidiary, entered into an agreement with Vard Holding Ltd to build one subsea/Inspection, Maintenance and Repair (IMR) vessel.Delivery of vessel will take place during Q4 2016.New build represents an investment for Farstad Shipping of about 520 million Norwegian crowns.

SeaBird Exploration Plc receives letter of award for source work in South East Asia region

Wednesday, 17 Dec 2014 02:09am EST

SeaBird Exploration Plc:Seabird exploration plc receives letter of award (LOA) for source work in South East Asia region.Contract will have an estimated value of $3.5 million 4.0 million.Client will charter vessel for 30-35 days starting early April 2015.

Subsea 7 awarded contract by Hess in Gulf Of Mexico

Wednesday, 17 Dec 2014 02:00am EST

Subsea 7:Has been awarded a contract by the Hess Corporation for installation work in support of the Stampede Project in deepwater US Gulf of Mexico.The scope of work involves installation of flowlines, steel catenary risers, umbilicals, jumpers and associated subsea architecture which tie-back two drill centres to a tension leg platform hosting drill centres, water injection and gas lifts.The main offshore installation phase is expected to commence in Q3 2016, concluding in Q1 2017.Don't give value of contract.


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