Royal Dutch Shell Awards Enterprise Framework Agreement to Tyco

- Royal Dutch Shell Awards Enterprise Framework Agreement to Tyco



Aug 31, 2011

Tyco International's (NYSE:TYC) flow control unit has been selected by Shell (NYSE:RDS-A) to provide butterfly valves to Shell globally.

The five-year Enterprise Framework Agreement covers more than 2,500 of Tyco's Vanessa, Winn, NeoTecha, Sapag brand butterfly valves, for use in projects, maintenance repair operations and turnaround applications.

David Dunbar, president of Tyco Valves & Controls, a unit of Tyco Flow Control said, "We appreciate the confidence Shell has shown in Tyco Flow Control with this EFA. As Shell grows, Tyco can scale with the company, bringing technology, leadership and service wherever they are needed."

Tyco International (NYSE:TYC) has a potential upside of 25.3% based on a current price of $41.9 and an average consensus analyst price target of $52.5.

Oil & Gas Post

Promote Your Page Too
LINK

Maersk Awards TWMA Contract for Gryphon FPSO

- Maersk Awards TWMA Contract for Gryphon FPSO

Thursday, August 25, 2011
TWMA

Maersk Oil has awarded TWMA a contract to handle and dispose of subsea structures and equipment damaged during the Gryphon FPSO storm incident earlier this year.

The Aberdeen-headquartered oil and gas environmental waste management company has been contracted by Maersk Oil in the UK to handle the recovered structures and equipment which suffered damage when storm weather in the UK North Sea caused the Gryphon FPSO to move off station in February.

The contract is worth a six-figure sum and was awarded to TWMA as part of Maersk Oil's ongoing Gryphon recovery and repair program.

TWMA's workscope covers onshore handling, cleaning and cutting of subsea structures including risers, riser bases, flowlines, umbilicals, mid water arches and mattresses. The firm will maximize recycling and reuse options for all recovered materials.

The subsea structures and equipment will be recovered offshore prior to landing at Lerwick harbor, Shetland, where they will be transported to TWMA's onshore waste transfer station in Vatster Gott, Shetland.

Brian Henderson, environmental services division manager of TWMA, said, "Maersk Oil is one of our longest standing clients and we are delighted that they have chosen to use TWMA for this important recovery project.

"Having a permanent presence in Shetland with a dedicated waste transfer station and team allows us to deliver a highly efficient waste management service to Maersk Oil and other clients operating in this region.

"We anticipate that 95% of the subsea material recovered from the Gryphon field will either be reused or recycled, thus dramatically reducing the volume of waste sent for landfill.

"TWMA has extensive knowledge and many years of experience in the field of recovered waste materials, mainly handling large subsea structures and equipment such as pipelines and umbilicals for the decommissioning market. We implement similar waste management strategies to undertake projects such as this where equipment needs to be recovered and replaced with minimal disruption for oil production to go back online."

Oil & Gas Post

Promote Your Page Too
LINK

TomCo Awards Development Contracts for Utah Holliday Block

- TomCo Awards Development Contracts for Utah Holliday Block

Tuesday, August 23, 2011
TomCo Energy plc

TomCo, the AIM listed company with oil shale assets in the State of Utah, USA, has awarded a number of key contracts intended to provide some of the baseline environmental and operational information necessary for the formulation of a comprehensive development plan for the Holliday Block. As previously reported, TomCo's Holliday Block asset contains 123 MM bbl of recoverable oil, classified by SRK Consultants as an Indicated Resource under the JORC Code. TomCo intends to produce oil from this large resource using the EcoShaleTM In-Capsule Process developed by Red Leaf Resources Inc.

The contracts awarded are as follows:

• An Engineering Service Agreement signed with Rocky Mountain Power Inc (RMP), the main electric supplier in the State of Utah, under which RMP will evaluate various alternative routes and options for the provision of high voltage line power to the Holliday Block site, with a target of approximately 27 months for the supply of the electricity to commence oil production.
• A Roads and Access Study, to be undertaken by Epic Engineering of Heber City, Utah. This project will evaluate the existing network of dirt roads in this part of the Uintah Basin, the projected loadings implied by the development of a 9,500 bopd EcoShaleTM facility at Holliday Block, and develop plans and recommendations for road development and/or upgrading for consideration by Uintah County authorities.
• A high-resolution airborne topographic survey of the TomCo lease, combined with a detailed ground survey co-ordinated by Epic Engineering, in order to further refine the geological model and up-grade the resource assessments for the lease.
• A Water Resources Inventory to be undertaken by Epic Engineering, to provide data on drainage patterns, storm water predictions, seeps, springs etc in the Holliday Block area. As well as providing necessary baseline data required for environmental studies and future development permit applications, this project will help determine any additional water supply requirements for the planned TomCo development.
• Norwest Corporation, a large mining engineering consultancy based in Canada and the USA, has been engaged to develop a detailed, and fully costed, Mine Plan for TomCo's Holliday Block development. Norwest have been working closely with Red Leaf Resources on the Mine Plan for the nearby Seep Ridge EcoShaleTM project, and will bring this experience to bear directly on the Holliday Block. The Mine Plan will be based on the detailed geological model developed by SRK Consultants from the Company's corehole drilling on the Block, and will be the principal input into the development of Feasibility Economics for the project.

The Company is also in the advanced stages of discussions with a number of Environmental Contractors on the initiation of baseline Soil and Vegetation, Biological Resources, Cultural Resources and Air Quality studies which will be required for a future development permit applications. Some of these studies are expected to begin in Q4 2011, while others will be done in the spring of 2012; further announcements will be made when specific contracts are awarded.

Stephen Komlosy, CEO of TomCo Energy, commented, "We are delighted to have engaged the services of Rocky Mountain Power, Epic Engineering and Norwest Corporation as consultancy partners in our Holliday Block development project, and we expect to see some real progress over the next several months. These are all companies with enormous experience in the Uintah Basin, and in the challenges presented by oil shale projects, and the projects being initiated are all necessary for the upgrading of project Resources to Reserves as we move towards development of our Holliday Block asset."

Oil & Gas Post

Promote Your Page Too
LINK

Chevron Awards Gorgon Subsea Umbilicals Contract

- Chevron Awards Gorgon Subsea Umbilicals Contract

Monday, July 18, 2011
Subsea 7

Subsea 7 S.A. announced today the award of a contract valued at approximately $80 million from Chevron Australia Pty Ltd for the Chevron operated Gorgon Project, offshore Western Australia.

The work involves the transportation and installation of subsea umbilicals and structures from Barrow Island – 56km off the north-west coast of Western Australia, to the Gorgon and Jansz Fields. The Gorgon and Jansz umbilicals are 59km and 135km in length respectively. These will be transported from Europe to Australia onboard the Seven Seas, and then installed from the vessel in water depths of up to 1,350m using the onboard advanced deepwater flex-lay system. A major trenching scope of work, of up to 70km, will also be undertaken from the Rockwater 2, to stabilise and protect the main umbilicals.

Project management and engineering will commence immediately from Subsea 7’s office in Perth, Australia, with offshore operations scheduled to commence in early 2013.

Darren Cormell, Subsea 7's Vice President, Australia & New Zealand said: “We are pleased to have been awarded this deepwater contract from Chevron. The Gorgon Project represents an important development for the Subsea Umbilicals market in Australia. This award provides an excellent opportunity for Subsea 7 to build upon our strong local presence and long standing track record of working on significant subsea projects in Australia.”

The Gorgon Project is one of the world's largest natural gas projects and the largest single-resource project in Australia's history. It is operated by Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47%), ExxonMobil (25%) and Shell (25%), Osaka Gas(1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%).

Oil & Gas Post

Promote Your Page Too
LINK

Shell Awards BMT MIS Contract for Mars B Development

- Shell Awards BMT MIS Contract for Mars B Development

Monday, July 11, 2011
BMT Marine Services Inc.

Shell Offshore has awarded a contract to BMT Scientific Marine Services to provide a Marine Instrumentation System (MIS) to the Olympus TLP in the Mars B Development Project in the Gulf of Mexico.

The MIS is a comprehensive computer-based system for acquiring, displaying and recording vessel, marine and environmental data for operators. It is comprised of interdependent subsystems and software applications, including Marine Instrumentation, a Tendon Instrumentation System (TIS), Ballast Monitoring, Topside Tank Level Monitoring, Human Machine Interface (HMI) displays and Historical Archive Software (HAS).

BMT brings valuable experience to this project, having successfully provided a variety of Marine Monitoring Systems on over 47 floating platforms, including prior work for Shell.

Oil & Gas Post

Promote Your Page Too
LINK

Shell Awards FMC Technologies Supply Contract for Prelude Field

- Shell Awards FMC Technologies Supply Contract for Prelude Field

Monday, June 27, 201
FMC Technologies Inc.

FMC Technologies has signed an agreement with Shell Development (Australia) Pty. Ltd. to supply subsea production and associated topside systems for the Prelude field development. The companies also announced an aftermarket agreement that will result in FMC Technologies Australia Ltd. performing installation and commissioning services for the project. Orders associated with this award will be received throughout the remainder of 2011.

The Prelude field is located in the Browse Basin, northeast of Broome Western Australia, in water depths of approximately 820 feet (250 meters). It will become Shell's first field development to utilize a floating liquefied natural gas (FLNG) facility. FMC's scope of supply includes seven large bore subsea production trees, production manifolds, riser bases, subsea control systems and other related equipment. All subsea equipment will be delivered from FMC's Asia-Pacific operations.

"Prelude is a landmark project, being the first floating LNG development, and we are proud to support Shell with this project," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems.

Oil & Gas Post

Promote Your Page Too

Statoil Awards Aker EPCI Contract for Asgard Field

- Statoil Awards Aker EPCI Contract for Asgard Field

Monday, June 20, 2011
Statoil

Statoil has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for subsea compression topside modifications on the Asgard field.

The Åsgard license has decided on a concept involving gas compressors installed on the seabed, so-called subsea gas compression. The purpose of the modification is to supply electricity to the Åsgard subsea compressor units, which will be installed in 2013.

Åsgard is the first installation worldwide to employ subsea gas processing involving gas compression and this represents an important technological step change in the development of fields in deep and demanding waters and creates exciting opportunities for the industry.

"This modification work is important for the development of gas compression on subsea installations. Aker Solutions has earlier been awarded the contract for developing the full scale subsea compression system. We look forward to working together with them in more aspects of the Åsgard development," said vice president of project procurement in Statoil, Vidar Martin Birkeland.

Scope of work includes building and installing an 800 tonne new module and integration work on the Åsgard A and B platforms in the North Sea. Delivery is set for 4Q 2014. Estimated contract value is approximately NOK 650 million.

"This is an important measure to extend the producing life of the Åsgard A platform, which will in turn increase recovery from the existing field. Subsea gas compression is a technology approach which can boost recovery rates and lifetimes for several gas fields," said Astrid Jørgenvåg, vice president for Åsgard production in Development and Production Norway in Statoil.

The contracts for pipelines, marine operations and other major procurement items in connection with the Åsgard development will be awarded in the course of the year.

Oil & Gas Post

Promote Your Page Too

SeaBird Awards Two 2D Contracts

- SeaBird Awards Two 2D Contracts

Friday, June 17, 2011
SeaBird Exploration plc

SeaBird reported that two new 2D contracts have been awarded.

The Aquila Explorer has been awarded two LOI's for surveys of combined 4,600 line km in Indonesia for approximately two months work prior to her previously announced contract on May 6. The vessel will now be working in direct continuation until mid September 2011.

The Hawk Explorer after completing her scheduled dry-dock in Las Palmas will mobilize to Mediterranean Sea where she will commence a 1,500 line km survey until mid July 2011.

The combined contract values for these contracts are approximately USD 5 million.

Oil & Gas Post

Promote Your Page Too

Petrobras Awards GE O&G Subsea Service Contract in Campos Basin

- Petrobras Awards GE O&G Subsea Service Contract in Campos Basin

Thursday, June 16, 2011
GE O&G

Petrobras has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras' fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service and repairs on over 300 exploration and 250 production tools, as well as retrofitting six subsea production trees each year with GE advanced technology.

GE will conduct the service program from its Macaé Service Center, located in Rio de Janeiro state, which is currently undergoing a $30M investment refurbishment and expansion. The 91,000 sq. meter facility, which employs over 200 highly skilled employees, will be capable of state-of-the-art inspection, maintenance, repair, spares parts, rental tools and field services for capital drilling, subsea wellhead systems, and subsea production and controls equipment.

Fernando Martins, vice president—Latin America, GE Oil & Gas said, "GE will apply its latest high-tech subsea equipment service and repair technologies across much of Petrobras' Campos Basin installed fleet to help minimize downtime and optimize production output. We will deliver this important assignment from our Macaé Service Center which is currently under expansion and delivers critical offshore production servicing projects for customers including Petrobras, Transocean, OGX and Brasdrill and all the IOC's currently operating in Brazil."

The frame service agreement builds on the announcement this week that Petrobras has awarded GE's Wellstream business a long-term, $200M-plus flexible pipe and subsea equipment logistics services contract to be supported from a dedicated new 55,000 sq. meter, $90M investment Logistics Base that GE will build adjacent to Wellstream's existing manufacturing site in Niterói, 14 kms outside Rio de Janeiro.

In February GE Oil & Gas received $50M in contracts to supply subsea wellhead and installation tooling systems to Petrobras for deployment in Campos and Santos basin projects, bringing to over 1,400 GE's tally of mission-critical subsea wellhead systems installed in Brazilian waters.

GE Oil & Gas has an established presence in Brazil and serves its deepwater segment with integrated drilling & production subsea equipment and services, as well as high-tech unit and modular gas turbines and compressors solutions for fixed & FPSO applications.

GE will open a new $100M investment Global Research Center in Rio de Janeiro in 2012.

Oil & Gas Post

Promote Your Page Too

Sao Tome and Principe Awards Block 3 License to Oranto

Sao Tome and Principe Awards Block 3 License to Oranto

Friday, May 06, 2011
The National Petroleum Agency of Sao Tome and Prin

In the light of the First Licensing Round and following the evaluation of all applications submitted, including the necessary due diligence undertaken by the authorities The National Petroleum Agency (Agencia Nacional do Petroleo, ANP-STP) informs the public that the Government of Sao Tome and Principe has awarded Block 3 to the Oranto Petroleum.

The block covers an area of 4,228 square kilometers and is situated in zone A of the Exclusive Economic Zone.

Oranto is an independent Nigerian company with operations since 1991. The company is an active operator in fourteen blocks in West Africa and Gulf of Guinea.

Within the framework of petroleum legislation in place, a production sharing contract will be negotiated and carried out for the exploration activities on the block.

Oil & Gas Post

Promote Your Page Too

SeaBird Announces 2D Contract Awards

SeaBird Announces 2D Contract Awards

Friday, May 06, 2011
SeaBird Exploration Limited

SeaBird Exploration Limited on Friday issued an update regarding its business activities as set out below:

Aquila Explorer has commenced a short 4D survey in Australia for an oil major and will then commence a multi client survey for one month until mid to end June. SeaBird has also received a Letter of Award for a 4,400 line-km survey in Indonesia to follow in direct continuation. The vessel will be employed until early August 2011.

SeaBird Exploration PLC "SeaBird" is a global provider of marine solutions for seabed acquisition of 3D/4C/4D multimode seismic data with OBN operations, marine 2D and 3D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow water 2D/3D market.

Oil & Gas Post

Promote Your Page Too

BP Awards Technip 10-year Spar Deal

BP Awards Technip 10-year Spar Deal

Tuesday, May 03, 2011
Technip

Technip has been awarded a 10-year master agreement by BP Exploration and Production, Inc.

The agreement covers the design, procurement and construction of hulls and mooring systems for Spar platforms to be located in the Gulf of Mexico, as well as the design of top tension risers for dry tree units. This award follows a design competition and confirms Technip's leadership in Spar technology, secured over time through the construction of 14 of the 17 existing Spars worldwide.

Technip's operating center in Houston, Texas, will execute the agreement. It stipulates that the Spars will be fabricated at the Group's yard in Pori, Finland, where 12 of Technip's 14 Spars have already been manufactured.

Within the framework of this agreement, pre-front-end engineering design activity for the Mad Dog Phase II Spar has already begun. The front-end engineering design for this project is scheduled to commence in the second semester of 2011.

A Spar is a cylindrical, partially submerged offshore drilling and production platform that is particularly well-adapted to deepwater.

Oil & Gas Post

Promote Your Page Too

Chevron Awards MyCelx Contract for Jack/St. Malo Facility

Chevron Awards MyCelx Contract for Jack/St. Malo Facility

Thursday, April 21, 2011
MyCelx

MyCelx has signed a contract with Chevron U.S.A. Inc. to design and deliver a produced water treatment system for the Jack/St. Malo floating production facility in deepwater Gulf of Mexico that will remove oil and water soluble organics (WSO) to below 10 parts per million (ppm).

The design requirements for the Jack/St. Malo floating production facility calls for an overboard discharge limit that Is lower than the current EPA limit of 29 ppm, and MyCelx is one of the few companies providing the technology that can guarantee low levels of oil and grease discharge levels in a consistent manner through an economically viable process. The WSOs contained in offshore produced water have proved difficult for conventional technologies to reliably meet the overboard discharge specifications set by the EPA.

"MyCelx system guarantees oil-free water and no sheen discharge into the environment," said Andy Narayanan, Manager of Operations and Technical Services at MyCelx. "The Jack/St Malo will be implementing MyCelx produced water treatment system specifically designed to handle the difficult WSO's from deep water drilling operations. We are currently in the process of design discussion with Chevron and Mustang. Current schedule is to deliver the system to Mustang Engineering by May 2011."

The Jack and St. Malo fields are being developed in the Lower Tertiary trend in deepwater Gulf of Mexico. The fields are estimated to contain total recoverable resources equivalent to more than 500 million barrels of oil. MyCelx produced water treatment system will treat up to 70,000 barrels per day.

ConocoPhillips Awards Prosafe Contract

ConocoPhillips Awards Prosafe Contract

Friday, March 25, 2011
Prosafe SE

ConocoPhillips has awarded Prosafe a two-month contract for use of the Safe Scandinavia for accommodation support at the Eldfisk Platform in the Norwegian sector of the North Sea. On site operations are planned to commence in May 2012.

Furthermore, reference is made to press release dated January 12, 2011 where Prosafe announced the award of a Letter of Intent by an undisclosed client for the provision of the Safe Scandinavia accommodation and service rig at a project in the UK sector of the North Sea for a four-month period, with an additional one-month option.

Prosafe now advises that the contract has been signed, and that the Safe Scandinavia will offer accommodation support for ConocoPhillips at the Jasmine Development Project. The contract will start in direct continuation of the contract at Eldfisk. In addition to the existing one-month option, Prosafe has granted ConocoPhillips an additional one-month option.

The revised total value of the contract for this two-month firm period plus existing four-month firm period is about USD 53.3 million.