The Kanowit FLNG facility is under construction at Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, South Korea, where first steel was cut in June. Petronas Floating LNG 1 (Labuan) Ltd. signed a US$771million contract for engineering…
KrisEnergy Ltd., an independent upstream oil and gas company, agreed the final investment decision for the Nong Yao oil development in the G11/48 contract area in the Gulf of Thailand, along with Mubadala Petroleum. First oil is anticipated in 1H 2015…
India's Oil & Natural Gas Corp. (ONGC) announced three offshore and one onshore discovery during Q1 of its fiscal year 2013-2014, which ended 30 June, and one additional onshore discovery in August 2013 (Q2). Offshore: New prospect discovery: exploratory well KGOSN041NANL-2…
Subsea 7 has posted a record backlog of US$10.4 billion for Q2 2013, with tendering continuing to be high into Q3. But profits were hit by a US$300 million loss provision on the Guará-Lula NE project, offshore Brazil. Jean Cahuzac…
Dockwise provides this video, filmed in November 2012, regarding the launch of the SHP jacket, now located at the SHWE field in the Bay of Begal, off Myanmar. The 22,000-ton jacket was launched at a water depth of 110m, using the HYSY229 installation barge.
Jaya Holdings Ltd., delivered its first high-specification, deepwater platform supply vessel (PSV), Jaya Valour. The vessel was delivered on schedule, and upon delivery, went on-hire immediately, embarking on its maiden voyage as part…
ITG Group has ordered two platform supply vessels (PSV) of the PX121 design from ULSTEIN. The ROC yard, China, will be constructing the two PSVs for ITG. The contract includes an option for two more vessels. ROC is a new yard starting…
Eni has spud the Cua Lo-1 exploration well located in Block 105-110/04, in the Gulf of Tonkin, off Vietnam, partners Neon Energy and KrisEnergy announced. The well, spud on August 11, 2013, is designed to test the large Cua Lo gas prospect…
The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world…
Volunteer staffs of PTT Global Chemical Plc (PTT), along with Thailand Navy personnel, are still working to clean up the remaining oil slick that washed up on the beach of Koh Samet Island. The crew placed an absorbent boom along the beach…
Otto Energy Ltd. is drilling two horizontal wells in the second phase of development at Galoc field offshore the Philippines. The wells are being batch drilled in 311 m of water. Otto projects the Galoc-5H and Galoc-6H development wells will be drilled to a total vertical depth of 2…
After their recently signed ten-year extension comes into effect, Fugro and China Oilfield Services Ltd. (COSL), will enter the fourth decade of the successful joint venture. China Offshore Fugro Geosolutions (COFG), in which each company holds 50% interest…
Bangladesh English-language newspaper, Dhaka Tribune, reported on 5 August that state-owned Bangladesh Oil & Gas Corp. (Petrobangla) will sign exploration agreements with two international oil companies for three blocks. Petrobangla initially…
Farstad Shipping ASA announced that it has been awarded 10 charter contracts for anchor-handling tug supply vessels from ENI Australia, BHHP Billiton, Woodside Energy, Chevron, Brunei Shell Petroleum, and Oil Search (PNG): AHTS Far Sky (1991…
On 23 August 2013, when the recently signed ten-year extension comes into effect, Fugro will enter the fourth decade of the successful joint venture with China Oilfield Services Ltd (COSL). The joint venture, named China Offshore Fugro Geosolutions (COFG) in which Fugro holds 50%…