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Defence sales buoy Tasmanian company for the Oil & Gas IndustryGlobal success in the Defence industry has given a small Tasmanian, Australian business |
FMC Technologies will acquire a 45% interest in Schilling Robotics LLC
LNG Liquefaction & Regasification Takes to the Seas - a $27 Billion Business 2009-2015
Wave and Tidal Current Stream activity increasing
Enterprise and Anadarko Named Platts Global Energy Award Winners for Independence Project
StatoilHydro subsea facilities on the Alve field approved
Oil & Gas Prices and Stock Markets Update – Week 49
Deepwater expenditure to average over $27 billion annually through to 2013
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Global success in the Defence industry has given a small Tasmanian, Australian business
Fiomarine, the confidence to take its popular Fiobuoy to the Oil and Gas market.The innovative technology has been proven by consistent and major sales to the Royal Australian and United States Navies which the Company hopes to replicate in the Oil and Gas market. Full text
FMC Technologies and Schilling Robotics announced today that they have entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in Schilling Robotics LLC for $116 million in a transaction expected to close no later than December 31, 2008. The acquisition is expected to be accretive to FMC Technologies' earnings per share in 2009. Full text
The Floating Liquefied Natural Gas (FLNG) business is now rapidly developing into a sector of major significance and will be worth $8.5 billion by 2015, according to a new study published today by energy business analysts Douglas-Westwood. Full text
A new study published by energy business analysts Douglas-Westwood, “The World Wave & Tidal Market Report 2009-2013” forecasts that 86 MW of wave and tidal current stream capacity will be installed worldwide in the 2009 to 2013 period. Full text
A new performance standard for critical offshore operations will help North Sea oil and gas drilling operators comply with tough new environmental requirements, Castrol Offshore said today. The range of the UK Offshore Chemical Notification scheme is being extended from 1st January 2009 to include all greases used to lubricate jack-up open gearing - that raise and lower platforms from and into the sea. Full text
Enterprise Products Partners L.P. (NYSE:EPD) and Anadarko Petroleum Corporation (NYSE:APC) today announced that the record-setting Independence project has been recognized as the Engineering Project of the Year by Platts, a leading global provider of energy and commodities information serving customers across more than 150 countries. Full text
Alve is a smaller gas and condensate discovery in the Norwegian Sea, 16 kilometres southwest of the Norne field. The field was proven in 1990. The production from Alve will be phased in to the Norne field (illustration), and scheduled start-up is early in 2009. Full text
The oil price continued to fall sharply this week and with it followed the share prices of most oil companies and oil service companies. Investors are now eying the oil price to break below $40.
Brent Spot: $41.38 / WTI Spot: $43.67 / Henry Hub Natural Gas: $6.59 Full text
A new study to be published shortly by energy business analysts Douglas-Westwood, “The World Deepwater Market Report 2009-2013” forecasts that, despite current oil price concerns, the deepwater oil & gas sector will spend an average of over $27 billion annually during the period 2009 to 2013. Full text
ExxonMobil announced today that the Sakhalin-1 project has earned the Excellence in Project Integration Award from the committees and sponsoring societies of the International Petroleum Technology Conference (IPTC). Full text