Technip Oceania has awarded Civmec a fabrication contract for 17 subsea jumper spools and associated lifting equipment for Shell’s Prelude FLNG project. Civmec said it has gained valuable experience through the delivery of spools for…
Ophir Energy announced that it has finalized commercial terms and is in the process of signing heads of agreement (HoAs) for LNG offtake from the Fortuna FLNG Project with a shortlisted group of counterparties, all of which are globally established LNG Buyers…
Petronas has laid the keel of its second floating LNG vessel, the Petronas Floating LNG2, in Geoje Island, South Korea. JGC Group and Samsung Heavy Industries (SHI), the consortium leading the engineering, procurement, construction, installation and commissioning of PFLNG2…
Japan's INPEX has completed offshore pipelay of the 890km-long, 42in diameter gas export pipeline for the Ichthys LNG project. Pipelay on the project, which INPEX says is the longest subsea pipeline in the southern hemisphere and the third longest subsea pipeline in the world…
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…
New analysis is estimating that Eni’s Zohr natural gas discovery has significant technical, commercial, and strategic implications for the gas market in Egypt, according to IHS Energy. Map of Zohr…
The Australian Competition & Consumer Commission (ACCC) has pushed back its deadline to make a decision on Shell’s US$70 billion bid for BG Group. The ACCC says the deadline, initially set to September 17, before being delayed until November 12…
Image from EIC. The Energy Industries Council (EIC) announced the appointment of its new president Chris Haynes. Haynes is a senior oil and gas industry professional with almost 40…
Despite a current pause in commitments to new projects, the capital expenditure (capex) for FLNG vessels is expected to amount to US$35.5 billion over 2015-2021, says a new report by Douglas-Westwood (DW) entitled 'World FLNG Market Forecast 2015-2021…
The Santos-led GLNG project has started producing its first liquefied natural gas (LNG) on Curtis Island, Queensland, on schedule and within budget, the company said. Train 1, which welcomed its first gas in August, is producing the gas…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
Japan’s INPEX Corp. announced an updated expected production start-up schedule and raised the anticipated production capacity of the Ichthys LNG project, offshore Western Australia. Ichthys layout…
For decades, the number of large offshore resource discoveries has outstripped the onshore sector, and the significance of floating production and storage remains a distinct growth opportunity, despite oil price volatility, says Class NK…
China’s Silk Road Fund (SRF) entered into an agreement with Russia’s Novatek to acquire 9.9% equity stake in the Yamal LNG project. Map of Yamal. From Total. Should the deal be approved…
UK-based consultancy Crondall Energy has been awarded a contract with a consortium of Aker Solutions and Subsea 7 for the Ophir Energy Fortuna Project in West Africa. The award is to provide technical support to the competitive upstream…
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