Offshore staff
MELBOURNE, Australia -- Nexus Energy's Memorandum of Agreement (MOA) with Vanguard Oil and Viking Shipping for the supply of an FPSO for its Crux liquids project has been terminated. The Crux joint venture was unable to make a final investment decision (FID) with Viking as the FPSO provider.
The Crux joint venture will now proceed to negotiate an alternative offer from an FPSO provider for the project.
11/21/2008
Venari Resources receives $1-billion investment from private equity firmsVenari Resources LLC has announced that Warburg Pincus, Kelso & Co., Temasek, and The Jordan Co. have agreed to make an investment of up to $1.125 billion in the company. |
Sterling prepares Romanian offshore drilling line-upSterling Resources expects to drill its first exploratory wells later this year in the Black Sea offshore Romania. |
Partners agree timing for Norway wellRocksource and the PL 506S, BS, and CS partnership in the Norwegian North Sea have committed to drill an exploration well during the first half of 2013. |
Technical issues halt North Sea Timon drillingAwilco Drilling has suspended drilling operations on the Timon exploration well in the UK northern North Sea. |
Plant modifications slow progress on UK Breagh gas projectRWE Dea’s Breagh gas development in the UK southern North Sea will likely incur cost and schedule overruns, according to partner Sterling Resources. |
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