Oil & gas news

BP confirmed today that it has been awarded two oil and gas production sharing contracts (PSCs) by the Government of Indonesia. The company has been awarded 100% interests in the offshore West Aru I and II PSCs in the Arafura Sea, Indonesia.

The American Petroleum Institute supports pro job legislation to expand American energy production.

The statistics on petroleum demand for October 2011.

Wärtsilä is in advanced discussions with Hamworthy regarding an 825 pence per ordinary share cash offer. Hamworthy are producers of ship based LNG regasification systems.

Kosmos Energy announced today that the Teak-3A appraisal well has confirmed a northern extension of the Teak discovery on the West Cape Three Points Block offshore Ghana.

FMC Technologies, Inc. has set a new deepwater completion record of 9627 ft (2934 m) with its enhanced vertical deepwater tree (EVDT) system.

Chevron Corp. has confirmed that cementing operations are now taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offshore Brazil.

Aker Solutions in Aberdeen is to manufacture and deliver a number of subsea control modules and topside power units as part of an £8 million contract with Dana Petroleum plc.

DNV are to class Dockwise’s new heavy lift vessel, the Dockwise Vanguard, the vessel is the world’s largest heavy lift vessel and can lift weights of to 110,000 tonnes.

Australia Pacific LNG Pty Limited and The Kansai Electric Power Company today signed a binding Heads of Agreement for the sale and purchase of approximately 1 million tonnes of LNG per year for 20 years.