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Offshore news

 
 

Po Valley Energy declares 2P Reserves for its offshore Adriatic development Teodorico gas field

Po Valley Energy Limited has reported an upgrade of its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations Pty Ltd (PVO) as part of the release of an extensive Competent Persons Report (CPR) prepared on PVO, Po Valleys 50% owned Saffron Energy Plc (Saffron) and Appenine Energy. The CPR has been lodged in full with the ASX in conjunction with this release.

 

Anadarko announces Mozambique LNG sale and purchase agreement

Anadarko Petroleum Corporation announced that Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France, S.A., (EDF).

 

Sparrows Group re-awarded two five-year contracts from TAQA

The first contract will see Sparrows provide comprehensive crane operations and maintenance services covering all mechanical, HVAC, electrical, hydraulic, pneumatic, instrumentation and structural requirements.

 
 
 

SeaBird Exploration awarded source contract in West Africa

SeaBird Exploration has announced that it has signed an agreement to provide a source vessel for an upcoming survey in West Africa.  The project is anticipated to commence during Q1 and will have a duration of approximately 60 days. SeaBird will be using the Osprey Explorer for the project.

 

ADNOC signs new offshore concession agreement with Cepsa

On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.

 

OGIC observes increased confidence in North Sea emerging technologies

Over the past year, the Oil & Gas Innovation Centre (OGIC) has seen a growing appetite from companies looking to invest in the development of emerging technologies, as North Sea operators continue to demonstrate the benefits of technology-led solutions in response to the economic downturn.