Oil & gas news

MacGregor has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd for two 100 t active heave-compensated subsea cranes.

Bumi Armada has been appointed as the FPSO vessel lease contractor for the Madura BD field, offshore Indonesia.

PetroNeft has announced a number of significant actions following the completion of the Licence 61 Farmout to Oil India Limited.

Cegal and Blueback Reservoir join forces to create a global partner for the oil and gas industry.

John Yates, Marsh, UK, examines the challenges and opportunities faced by the oil and gas pipeline industry in the Arctic.

The contract will involve the supply of technology to 35 Statoil assets.

AziLat Ltd, the South America focused oil and gas exploration company, has signed a farm-in agreement for blocks in the Barreirinhas Basin offshore Brazil.

The company has agreed to sell the Ash Creek oilfield.

Emerson Industrial Automation’s Powerdrive regenerative Variable Speed Drive (VSD) solutions for oil pumping systems in artificial lift applications.

The 2014 resource evaluation was prepared by Petrotech Engineering Ltd. with an effective date of March 31, 2014.