http://news.rigzone.comThe latest upstream oil and gas news from around the world.Copyright 2008 Rigzone.com Inc. All rights reserved.http://www.rigzone.com/images/logo_rigz_131x20.gifhttp://www.rigzone.com/news/13120http://www.rigzone.com/news/article.asp?a_id=64390&rss=trueOn completion, Petronas will pay Santos US $2.008 billion for its 40% interest in the project. A further payment of US $500 million will be made by Petronas upon reaching a Final Investment Decision for a second LNG train of 3mtpa capacity. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64386&rss=trueThe Seven Atlantic was launched at the IHC Merwede yard in Hardinxveld Giessendam, the Netherlands. The vessel is under construction for Subsea 7, one of the world’s leading engineering and construction companies.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64385&rss=trueRBG Limited secured three new contracts for maintenance and subsea operations in the UK North Sea, worth a combined annual total of GBP 5 million. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64384&rss=trueTo follow-up on its earnings report for second quarter 2008, Schlumberger has issued an update on revenue specifics for the Company's holdings in Europe, Africa, Asia and the Middle East. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64383&rss=trueTo follow-up on its earnings report for second quarter 2008, Schlumberger has issued an update on revenue specifics for the Company's holdings in North America, Latin America and its WesternGeco operations. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64382&rss=trueSchlumberger Limited has reported second-quarter revenue of $6.75 billion versus $6.29 billion in the first quarter of 2008, and $5.64 billion in the second quarter of 2007. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64381&rss=trueRolls-Royce won a BBP17 million follow-up order to design and equip a specialist well intervention vessel. The latest order, from Island Offshore, follows the successful delivery of the first well intervention vessel, Island Wellserver, in March.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64378&rss=trueSchilling appointed Paul A. Whalen as senior vice president of operations. Schilling is currently experiencing 40% revenue growth, although even with surging orders, the company aims to cut 15% from its start-to-finish manufacturing cycle. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64373&rss=truePSSI has secured a contract to supply a workclass ROV system and equipment to Technip, which will be used in oil and gas offshore contruction and installation projects in Brazil.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64370&rss=trueFollowing maintenance work in Nelson, New Zealand, the Ensco 56 will head back to a position off the Taranaki coast, where it is contracted to Australian Drilling Associates for a 60-day drill.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64369&rss=trueEnsign completed its acquisition of all of the drilling rigs and related equipment of Terracore Specialty Drilling. The rigs are designed for coring operations primarily in the oil sands industry and were newly built within the last four years.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64366&rss=trueEmpire and its subsidiary signed a Note for AUD $5 million and a MOU with Smart Win International to form a Joint Venture that could cancel the note and supply up to AUD$40 million of additional funding. Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64363&rss=trueNautical has completed the farm-out agreements announced on May 15, 2008, with Canamens (UK). Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64361&rss=trueDynamic Offshore acquired 100% of the stock of Northstar and its wholly owned operating subsidiary Northstar GOM for $235 million. The acquired companies have leasehold interests in 89 offshore blocks covering 64,00 net acres.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64357&rss=trueFarstad Shipping announced new charter commitments that range from NOK 330 to 420 million, and include Eni and ADA's charters for the vessels Far Sound and Far Sword and vessels Lady Astrid and Lady Caroline, respectively.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64355&rss=trueBW Offshore received a LOA from Total for the engineering, procurement and fabrication of a Buoy Turret Loading system for the PAZFLOR project deep-Offshore Angola. The contract is valued at $100 million, and the project is due early 2011.Fri, 18 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64352&rss=trueNexen, Inc. has issued an update on its Canadian Long Lake project and Horn River Basin Shale Gas play. Thu, 17 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64350&rss=trueDelmar successfully installed the first rig set of eight gravity-installed vertical load OMNI-Max anchors in the Gulf of Mexico at Eni's Green Canyon 385 location. Thu, 17 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64324&rss=trueTotal signed an extension agreement for Repsol operated blocks NC115 and NC186 with Libya's National Oil Corporation in the Murzuq basin, onshore Libya, some 700 kilometers south of Tripoli. Thu, 17 Jul 2008 00:00:00 GMThttp://www.rigzone.com/news/article.asp?a_id=64322&rss=trueOilsands Quest appointed Jamey Fitzgibbon as President and Chief Operating Officer of the Company. Fitzgibbon joins the senior executive office of the founder and CEO Christopher H. Hopkins and Executive Chairman T. Murray Wilson.Thu, 17 Jul 2008 00:00:00 GMT