The sale marks the beginning of a 60/40 strategic alliance between Horizon Oil and Osaka Gas, a leading global gas company and one of Japan's largest utility companies and LNG importers.

The principle objective of the partnership is to grow and develop the PNG assets for the purposes of supporting a mid-scale LNG project located on the coast in Western Province. The ... more

Large Diameter Drilling (LDD) announced the launch of LM Handling, a new business unit which has been established as a joint venture co-operation between Acteon companies LDD and MENCK. LM Handling offers global coverage in the field of offshore lifting and handling equipment and services on a sales and rental basis; will operate out of existing LDD and MENCK bases; and will ... more

Core Energy today announces that it has entered into agreements to acquire a 12% interest in the producing Njord field from GDF SUEZ E&P Norge AS and a 20% interest in the Bøyla development project from ConocoPhillips Skandinavia AS. Both transactions are effective as of 1st January 2013, and subject to customary approvals by the Norwegian authorities.

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Saipem announces that it has already exceeded 50% of its new contract acquisition target for 2013 in the Engineering & Construction (E&C) Business Unit.

The total value of new contracts acquired from January 2013 to date in the E&C Business Unit (some of which will be communicated in the next weeks) is approximately €6.1 billion, and supports the likelihood ... more