Prosafe has been awarded a contract from Talisman Sinopec Energy UK Limited for the provision of the Regalia accommodation vessel at the Montrose Platform in the UK Continental Shelf in the North Sea. The contract has been awarded following a competitive tendering process and is for a firm period of 450 days with on-site operations [...]
Subsea 7 S.A. today announced the award of a contract from Talisman Sinopec Energy UK Limited to install two 5 kilometre pipeline bundles in the UK North Sea. The contract, valued at US$285 million is for the provision of subsea construction services in support of Talisman Sinopec Energy UK’s Montrose Area Redevelopment Project. The contract [...]
The Chinese oil company Sinopec selects another Havyard designTM for its fleet renewal programme
Aker Solutions has secured an important five year frame agreement for the execution of contracts across Talisman Sinopec Energy UK Ltd’s brownfield projects on the UK continental shelf. Although the contract contains no firm spending commitment, the anticipated multi-million pound agreement cements the long standing relationship between the two organisations. Mike Forbes, UK managing director [...]
Talisman Energy Inc. today announced the completion of its joint venture transaction with Addax Petroleum UK Limited (APUK), an indirect wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group) following receipt of government and regulatory approval. “We are very pleased to be partnering with Sinopec in the UK North Sea,” said Hal Kvisle, President and CEO [...]
China’s Yuexin Shipyad has delivered the Kan Tan 225 AHTS to Sinopec. The vessel of Havyard 843 CD design was named at the ceremony in the shipyard near Shanghai on Monday. Havyard characterizes the vessel as being the next generation of medium sized AHTSs. “This is the first vessel of this specific Havyard 843 CD [...]
Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities. The OML 138 block contains the Usan [...]
Talisman Energy Inc. announced that it has reached an agreement in the North Sea with Sinopec International Petroleum Exploration and Production Corporation, whereby Sinopec will acquire a 49% equity interest in Talisman’s UK North Sea business, Talisman Energy (UK) Limited (TEUK), for $1.5 billion. “We are very pleased to reach this agreement with Sinopec [...]
July 23, 2012 | Posted in
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Repsol Sinopec Brasil estimates that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of light oil and 3 trillion cubic feet (Tcf) of gas, the company has announced. The announcement confirms the fact that the Brazilian offshore is one of the areas with the highest hydrocarbon reserves growth [...]
The overall production outlook for Asian companies is relatively robust in the near-term but looking towards the longer-term, a continued shift by major Asian companies towards internationalisation and higher-risk resource themes will be crucial to production growth. Norman Valentine, Senior Corporate Analyst for Wood Mackenzie says, “Asian company portfolio value remains heavily inclined towards maturing [...]
