Oil Related Services and Equipment

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Advanced Holdings Ltd receives letter of awards worth S$9 million

8:41am EDT

Advanced Holdings Ltd:Receives Letter of Awards totaling about S$9 mln rovide process equipment and analyser systems in the region.Pojects are scheduled to be completed by first half of year 2015, with deliveries over next few quarters.

Farstad Shipping ASA receives charter agreements for about NOK 1.75 bln

4:00am EDT

Farstad Shipping ASA:Says total value of the contracts, excluding options, is about 1.75 billion Norwegian crowns.Says Inpex has awarded contracts to AHTS Far Sword and AHTS Far Stream.Says commencement is expected to take place in Nov. 2014.Duration of the contracts will be about 40 months, with further up to 24 months options.PSV Far Seeker has been awarded a contract by Inpex with commencement expected to be in Nov. 2014.Says contract is for a firm duration of 18 month with further up to 24 months options.Says Woodside Energy Ltd. has awarded AHTS Far Sirius a 16 month contract.Esso Australia has awarded the PSV Far Supplier a two year contract, with further 3 years options.Says AHTS Lady Caroline has been awarded a 60 days contract by Sinopec for the support of the Stena Clyde.Says Statoil has awarded a contract to PSV Far Scotsman.AHTS Far Sabre and AHTS Far Sound awarded contracts by Eni Australia Ltd. for 110 days with additional 35 days options.Petrobras extended contract on AHTS Far Santana with another 4 year in direct continuation with present contract.Says Karoon Petroleo & Gas Ltda has awarded a 5 months contract with a further 4 x 30 days option to AHTS Far Senator.

Technics Oil & Gas Ltd secures contract worth S$17.3 mln

Monday, 21 Jul 2014 05:39am EDT

Technics Oil & Gas Ltd:Says it has been awarded its 3rd leasing contract worth S$17.3 mln.It involves five years leasing and maintenance contract for five units of Gas Compressor equipment as well as one year plant maintenance contract (with an option to extend for another two years) in Indonesia.

Plexus Holdings PLC receives an additional 0.6 mln pounds well order from Centrica

Monday, 21 Jul 2014 02:00am EDT

Plexus Holdings PLC:Receives an additional purchase order (PO) from Centrica Energy Exploration and Production (Centrica) to supply surface wellhead and mudline equipment services for an exploration well in Southern North Sea, Offshore UK.Value of the order is estimated at about 600,000 pounds with revenues expected to commence shortly.Under the terms of the contract, which is expected to have a duration of 60 days, Plexus will supply its 20" x 12-3/8" adjustable surface wellhead and mudline system s for use on the Grove Deep 49/10a-GD.Plexus has long standing relationship with Centrica having provided the operator with equipment for use on number of exploration and appraisal wells in North Sea including the recent Grove Infill and Pegasus West wells.

Seamec Ltd announces deployment of Vessel Seamec I

Friday, 18 Jul 2014 01:47am EDT

Seamec Ltd:Says that the company has been awarded letter of intent (LOI) dated June 23, by Oil and Natural Gas Corporation Ltd (ONGC) for deployment of its vessel SEAMEC I for undertaking air diving job for period of five years.Vessel is required to be mobilized within 150 days from date of notification of award.Some modification will be undertaken on vessel to meet tender requirements.Contract value is estimated as $15,260,452.

EOC Ltd enters into shipbuilding contracts for two new accommodation vessels

Thursday, 17 Jul 2014 11:00am EDT

EOC Ltd:Says it would be adding two new accommodation/maintenance vessels to fleet, in line with focus on growing offshore accommodation business.EOC has enters into shipbuilding contracts worth total of about $72 mln with Xiamen Shipbuilding Industry Co., Ltd. shipyard based in Xiamen, China, for two accommodation/maintenance vessels, with options for further two similar specification vessels.Shipbuilding contract price does not include owner furnished and nominated equipment.

AGR Group ASA secures Well Management contract from Hunt Oil's

Thursday, 17 Jul 2014 08:00am EDT

AGR Group ASA:Says that AGR has been awarded a contract to provide Well Project Management services to Dallas based 'Hunt Oil' for the drilling of one exploration well plus one future option well located in offshore Benin.The contract, awarded to AGR's Aberdeen-based team, includes provision of full Well Management, including rig sourcing, drilling engineering, planning, procurement, regulatory requirements and operational support.AGR's Perth, Australia team has recently completed the drilling for Hunt Oil of one exploration well located offshore north Western Australia.

Deep Down receives installation support contract

Wednesday, 16 Jul 2014 09:00am EDT

Deep Down Inc:Receives a contract to supply vessel-based equipment and personnel at an umbilical and flexible flow line recovery and re-installation project located offshore West Africa.Contract has an estimated value of $1.5 million in revenue and is scheduled to be completed in the fourth quarter of 2014.

Izhneftemash OAO in talks to deliver equipment to Mexico, Venezuela-Interfax

Wednesday, 16 Jul 2014 07:07am EDT

Izhneftemash OAO:Izhneftemash OAO, a company in Rimera's oilfield equipment division, is in talks to deliver equipment to Mexico's Pemex and Venezuela's PdVSA, Izhneftemash said in a press release-Interfax.Izhneftemash said in March that a contract for delivery of equipment to Venezuela had been pushed back from 2013 to 2014 due to the political situation in the South American country.The head of Izhneftemash parent company ChelPipe, Vitaly Sadykov, told Interfax the Venezuelan contract might reactivate before the end of the year.The company also plans to step up deliveries to customers in the CIS.

Saipem SpA awarded new contracts for FPSOs in Brazil and Angola for total of $600 million

Tuesday, 15 Jul 2014 05:12am EDT

Saipem SpA:Says it has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil.The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola.These contracts are worth in total about $600 million.Saipem has been awarded by Petrobras a four-year extension to the Cidade de Vitoria FPSO lease contract at Petrobras' Golfinho Field, in Brazil's Espirito Santo Basin, as well as a contract for modification and upgrading of the leased FPSO vessel.The total value of the two contracts is about $450 million.The Cidade de Vitoria FPSO, owned and operated by Saipem, has been under a lease and operation contract to Petrobras since 2005.The contract has been extended by four years, until 2022.In Angola, Saipem has been awarded by Sonangol P&P a two-year extension of the Gimboa FPSO lease and operation contract.The Gimboa FPSO is owned and operated by Saipem, and has been under a lease and operation contract in Block 4/05 since 2006.The contract is extended to the first quarter of 2017 and the two-year extension has a value of about $150 million.

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