Contracts

Planet Ocean Signs Partnering Agreement with ASV

ASV Ltd and Planet Ocean Ltd have signed a Technology Partnering Agreement which sees Planet Ocean as the ASV technology partner for marine science applications

New AVEVA ISM Bridges the Gap

AVEVA launches a new application for governing asset information using a standards-based methodology. AVEVA announced the launch of AVEVA Information Standards Manager (AVEVA ISM),

PEGAS Gas Platform to Launch UK Spot Contracts

A joint gas trading platform between the French exchange Powernext and German peer EEX will expand to British spot gas products on Oct. 15, the two exchanges said on Wednesday.

Total stops buying Novatek shares after MH17 shot down

Q2 net adj profit down 12 pct to $3.15 bln; Yamal development operations continuing, review in August. Total: impact of Russia sanctions on Yamal LNG uncertain.

Nevzlin Unlikely to Leave Yukos Fight

Nevzlin was partner with Khodorkovsky in Yukos; has said he will fight if Russia resists paying $50 bln claim. Former Yukos executive and top shareholder Leonid

Statoil Planning Asset Sales

Norwegian oil and gas firm Statoil is working on several potential deals to sell assets to reduce capital commitments and realise investment profits, business daily

Hess Plans IPO for Bakken Assets

Hess to form a MLP holding pipeline and other assets; file registration statement with regulators in Q4. Expects to launch an IPO in 1st-quarter of 2015. Oil

Rio Tinto Out of Mozambique Coal Venture

Rio's exit frustrates Mozambique's coal ambitions; asset sale price implies further writedown. Vale also looking to sell stake in Mozambique coal assets. Rio

Brent Hovers Near US$107.50

* U.S., EU impose more sanctions on Russia over Ukraine * Libya says oil output stays at 500,000 bpd * U.S. crude stocks fall 4.4 million barrels last week -API *

Tullow Oil in Red but Committed to Africa Strateg

* Oil and gas explorer reports $95 million loss * Write-offs of $402 million on dry holes in Africa, Norway * Revenues, production fall Tullow Oil Plc

Rosneft & PDVSA Sign Multiple Deals

  Rosneft President and Chairman of the Management Board Igor Sechin and Venezuelan Minister of Petroleum and Mining and PDVSA President Rafael Ramirez signed

General Dynamics gets $25 mi GPS Contract from Lockheed Martin

  General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $25.4 million full-production contract from Lockheed Martin to support the U.

Trelleborg Fender Systems for Longyearbyen

Trelleborg’s marine operation has been awarded the contract to supply two MV1250 linked corner fender systems and nine MV750 side modular fenders to the port of Longyearbyen in Norway,

Globecomm to Provide VSAT for PBJV Barge

Purpose-built accommodation and pipe-lay barge on charter to Petronas equipped with VSAT and L-Band services. Globecomm Maritime has been awarded a contract

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

White House: Condensate Export Decisions 'not coordinated'

The U.S. Commerce Department's decision to give two companies permission last month to export lightly processed crude oil was not coordinated with the White House,

Chesapeake Energy Buying Back Preferred Shares

Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance

Talisman Energy Posts Surprise Loss

Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

National Oilwell Profit Beats Street, Rig Margins Up

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to

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