A new research study from Flow Research, Volume X: The World Market for Flowmeters, 5th Edition finds that the worldwide new-technology flowmeter market totaled US$4 billion in 2013 and is projected to grow substantially to exceed $5.7 billion by 2018…
Singapore’s Sembcorp Marine announced they invested millions of dollars in the purchase of an American company and in a new facility in Singapore. The SSP Hub is capable of integrated delivery…
Roc Oil failed to find commercial hydrocarbons at the QK11-1-1 well in Bohai Bay, offshore China, reported joint venture partner AWE Ltd. The well was drilled to a total depth of 4377m measured depth and 3863 true vertical depth on 7…
CGG has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of over US$80 million. Three…
Wärtsilä's 2-stroke dual-fuel technology will be featured on two new, large 180,000 cbm LNG carriers. South Korea’s Samsung Heavy Industries and SK Shipping and Marubeni are building the carriers that will be powered by 6-cylinder Wärtsilä X62DF 2-stroke dual-fuel engines…
Wood Group PSN (WGPSN) has secured a contract with Woodside in Western Australia which boosts Wood Group's maintenance and brownfield project portfolio in Australia. The scope of work includes the engineering, procurement and construction…
KrisEnergy Ltd. reported that the S.V. Nordic Bahari vessel began a 2D seismic survey in the Sakti production sharing contract (PSC) offshore East Java, Indonesia. The acquisition program, which will acquire 1200km of data, was awarded to PT…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
Mubadala Petroleum began drilling operations at the Manora oil development in the Northern Gulf Thailand, reported joint venture partner Tap Oil Ltd. The Atwood Orca jackup did the honors of spudding MNA-02, the first of 15 planned development wells…
Alexey Miller, chairman of the Gazprom Management Committee and Nguyen Xuan Son, chairman of the PetroVietnam National Oil and Gas Group Board of Director met at Gazprom headquarters 3 September to address the joint development of hydrocarbon resources in Vietnam and Russia…
Keppel Offshore & Marine Ltd (Keppel O&M) subsidiary Keppel Shipyard is in the process of finalizing contracts with a subsidiary of Golar LNG to convert a second Moss LNG carrier, the GIMI, into a floating liquefaction vessel (FLNGV). The contract follows a contract with Golar Hilli…
Atwood Oceanics, Inc. took delivery of Atwood Achiever from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. Atwood says the ultra deepwater ship began the mobilization phase of its drilling services contract with Kosmos Energy…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Seoul, South Korea-headquartered Samsung Heavy Industries will merge with Samsung Engineering Co., Ltd., the companies announced on 1 September 2014. The goal of the merger is to allow the companies a chance to become a global top-tier EPC (engineering…
Jerry Lee discusses new and improved drill bit designs and technologies with several leading companies. Rising energy demand has resulted in the need to reach reserves in more complex formations. The more complex the formation, the more…
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