New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
Technip won two contracts for flexible pipe supply and installation at the Amethyst field, in Mississippi Canyon 26, in the US Gulf of Mexico. The Deep Blue. From Technip. Both contracts are for operator Stone Energy…
Russia’s Gazprom announced plans to build a new LNG plant on the Baltic Sea on Thursday (22 January). The project, called Baltic LNG, will be built at Ust-Luga, in the Leningrad region, near the Gulf of Finland. It will be capable of producing 10 MPTA of LNG…
DONG Energy provides this time-lapse video of the Herje topsides construction process, which took place from April to October 2014. Hejre is Dong Energy’s first high-pressure, high-temperature (HPHT) development and is expected to begin production in 2017 with an estimated 170 MMboe…
Total has started gas and condensate production from the high-pressure, high-temperature (HPHT) West Franklin Phase 2 project in the Central Graben area of the UK North Sea. The project, tapping 85 MMboe, will supply 40,000 boe/d to the…
Singapore’s Jurong Shipyard awarded Ezra Holding subsidiary London Marine Consultants (LMC), a contract to supply an external turret mooring system for the Libra field’s extended well test (EWT) FPSO vessel. The Libra oil field is a large…
AVEVA opened a new office in Saudi Arabia to strengthen its presence in the Middle East and further enhance its growing global network. The office will offer sales and support for all of AVEVA’s solutions and services, with particular focus on owner operators (OOs) and engineering…
Schnitger President Monica Schnitger urged oil and gas companies to explore and exploit the latest technologies to have successful projects at the 2014 Bentley Systems Year in Infrastructure conference. Meg Chesshyre has more. “I’m…
Van Oord took delivery of Damen’s offshore carrier (DOC) 8500 cable laying vessel, the Nexus. The Nexus. From Damen. The Nexus is a 126-m vessel that will be used for the installation…
Offshore aluminium support system provider Alphastrut has been awarded a six figure contract with Det norske to provide raised access flooring on the Ivar Aasen Northern North Sea development. The Alphastrut system will cover a total…
EMAS AMC's subsea division EMAS has secured a subsea construction contract for its newbuild flagship vessel with Apache Energy in Australia valued worth more than AUZ$130 million (approximately US$105 million). The work scope includes project management…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
McDermott International received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone. The Altamira fabrication yard…
The Statoil-operated, NOK 22.6 billion Valemon high-pressure, high-temperature, gas and condensate development in the Norwegian sector of the North Sea started first production yesterday (3 January). The Valemon field, containing an estimated 192 MMboe recoverable reserves…
The pressure is on to find economically viable ways to develop marginal fields, in the UK North Sea and further afield. Ben Smith and Ed Randall look at the challenges and options. More and more emphasis is being placed by operators and…
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