An updated full field development plan (FFDP) for the Te Giac Trang (TGT) field, offshore southern Vietnam, has been approved by the country's government. The FFDP was formally submitted to the relevant authorities in Q4 2016, says partner in the Hoang Long joint operating company…
Wave power firm Ocean Power Technologies (OPT) has formed a strategic alliance with HAI Technologies, with an initial plan to work together on offshore oil and gas subsea chemical injection systems, where persistent power and real-time data communications are critical…
UK-based explorer Independent Oil and Gas (IOG) expects to take Transocean's Sedco 704 semisubmersible drilling rig on contract and start drilling an appraisal well on the Skipper oil discovery in the second half of July 2016. Skipper…
Gazprom Neft has signed a memorandum of cooperation with IBM at this year’s St Petersburg International Economic Forum covering the use of information technologies in exploration and production (E&P). The agreement outlines the key areas of technical collaboration…
Independent Oil and Gas is finally set to drill its delayed appraisal well on the Skipper discovery in the Northern North Sea next month using Transocean's Sedco 704 semisubmersible drilling rig. The vertical well will be drilled to…
UK-based heavy oil explorer Xcite Energy says it is hopeful it could submit a fully-funded first phase development plan for its Bentley heavy oil field by the end of 2016. The firm's hopes have been raised after being given an extension…
SapuraKencana Energy (SKE) secured the approval from Petronas for the field development plan (FDP) for the SK310 B15 gas field development project, offshore East Malaysia. The B15 field, which was discovered in December 2010, is located…
Subsea 7 has been awarded a contract by Pharaonic Petroleum Co. for the development of the East Nile Delta Phase 3 Project (END-3). The scope includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. The agreement, valued at up to US$28 million, encompasses deepwater and complex shallow water concept and basic engineering…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
Subsea 7 has won a contract worth about US$500 million from BP for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt's West Nile Delta project where field development will be at depths of approximately 800m…
2H Offshore has been awarded two separate contracts, one by Hess Corp. and a second contract by Enbridge Energy Co., to verify the design, fabrication and installation phases of the steel catenary risers (SCRs) for the Stampede field development in the Gulf of Mexico (GOM)…
EPCI contractor McDermott International and Accra, Ghana-based Hydra Offshore Group have joined forces to create a new joint venture called, McDermott Marine Construction Ghana Limited (MMCGL), focused on opportunities offshore Ghana. McDermott's partner…
Norway's Statoil and its partners on production license 218 in the Norwegian Sea have made a gas discovery close to the Aasta Hansteen development. The Snefrid Nord discovery, estimated to contain 31-57 MMboe, will increase the Aasta…
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