Ophir Energy is on track for a final investment decision on its Fortuna LNG project offshore Equatorial Guinea in mid-2016. Key engineering contracts, including the projects subsea production systems, are expected to be awarded in the first half of the year…
Both maintaining and launching new offshore production is high on the agenda in the Middle East, not least in Saudi Arabia, the UAE and Iran. IHS’ Mirzi Moralde outlines current activity in the region. Total’s…
Ophir Energy has cut its planned development cost and signed a heads of agreements for LNG offtake from its Fortuna FLNG project offshore Equatorial Guinea. Gross capital costs on the project - due to be Africa's first floating LNG project…
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…
UK-based EPIC International has won a contract to use its new Late in Life Operation (LILO) model for “mothballing” near end-of-life North Sea platforms. The ca. £500,000 contract, with an UK independent operator on a southern North Sea platform…
Meg Chesshyre speaks with HSM Offshore business development manager Jaco Fleumer about the firm’s current work program and future prospects. A18 Topside for Petrogas Transportation at HSM Yard…
Keppel Shipyard has signed its third contract with Golar LNG worth approximately US$684 million for a floating LNG conversion. Keppel Shipyard will convert Golar’s Moss type LNG carrier, the Gandria, into a Golar Floating LNG (GoFLNG) facility…
Two consortia of oil services companies have been selected to compete for an EPIC contract on Africa's first floating LNG project through two front end engineering and design contracts. The move will pitch McDermott Marine Construction…
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion bbl. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
TAM International introduced a new V0-rated cementing port collar to complement their extensive cement integrity product line. For casing integrity, the metal-to-metal (MTM) design port collar meets the industry’s latest and most rigorous standard…
Brazilian police arrested Odebrecht President and Chief Executive Officer Marcelo Odebrecht with accusations of bribery and corruption in connection with a scandal currently engulfing Brazilian national Petrobras, on Friday, according to news reports…
If the stars align, and if foreign investors and engineers are up for the challenge, Brazil’s massive oil and gas industry could be on the brink of a massive opportunity boom for non-Brazilian oil and gas companies. Conversely, with a major…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
Singapore’s Swiber Holdings clinched a sum of US$405.6 million for a series of contracts, including its latest $333 million agreement for engineering, procurement, installation and construction (EPIC) services in India. This contract…
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