Superior cans Ocean Flow takeover plan

US offshore services group Superior Offshore International has cancelled plans to acquire subsea engineering company Ocean Flow International.

Superior Offshore chief executive Jim Mermis said the companies had however agreed to co-operate in future for large deep-water projects. Ocean Flow is a privately held company specializing in deepwater project engineering and offshore project management services.

Read More

Russia delivers nuclear fuel to Iran

Russia has delivered a second consignment of nuclear fuel to Iran’s Bushehr power plant.

The second consignment of fuel for the Bushehr nuclear plant arrived in Iran on Friday. Ahmad Fayazbaksh said, adding that the delivery was the same amount supplied in the first consignment on December 17. Russia will deliver a total of 82 tonnes of nuclear fuel to Iran over two months in eight separate consignments. It would take at least a year to start the power station. Iran had said it hoped the 1000-megawatt plant in the southern city of Bushehr could come on line within three months, at up to 200 megawatts before being cranked up to full capacity nine months later. The United States and Israel have voiced fears that Iran’s civilian nuclear power program could be a cover for a program to develop atomic weapons, a charge denied by Tehran.

Read More

Joint venture to supply nitrogen to Mexico

Air Products said a joint venture company with its Grupo Infra partner would supply 90 MMscfd of nitrogen to Petroleos Mexicanos Exploracion y Produccion (PEP).

Nitrogen from the gas turbine and steam-driven facility is supplied for injection and enhanced oil and gas recovery from PEP’s Jujo-Tecominoacan oil fields near Villahermosa in Tabasco, Mexico. The nitrogen plant project, announced in 2006, began its supply of nitrogen during November as scheduled. In 2006, state-owned Petroleos Mexicanos said it planned to invest 13 billion pesos during 2007-21 in Jujo-Tecominoacan oil field, its second-largest hydrocarbon reservoir in southern Mexico. The investment is to include completing 11 development wells and repairing 34 wells as well as the construction of 6 km of oil-gas pipelines, 25 km of oil pipelines, and 15 km of gas pipelines.

Read More