China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
Malaysia-based international offshore oilfield services company, Bumi Armada Berhad announced that its wholly-owned Russian subsidiary, Bumi Armada Caspian LLC signed a supplementary agreement worth RM567.6 million (US$178.5 million) with OOO LUKOIL-Nizhnevolzhskneft for EPIC (engineering…
Sembcorp Marine’s PPL Shipyard has won two orders for turnkey contracts worth a total US$417million from Mexico's Integradora de Servicios Petroleros Oro Negro. The orders are for the construction of two jack-up rigs, scheduled for delivery at end July 2015 and end of third quarter 2015…
Salamander Energy plc began its multi-well exploration program in Block G4/50, Gulf of Thailand. The first well in the program, G4/50-4, spudded on June 27 and is being drilled on the Rayong prospect. Rayong is located in the north east of the block in the Central Kra sub-basin…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
A subsidiary of Atwood Oceanics has ordered a fourth ultra-deepwater drillship from South Korea's Daewoo Shipbuilding and Marine Engineering (DSME). The vessel, to be named the Atwood Archer, will be identical to the previously ordered Atwood Advantage…
Dutch offshore lifting, drilling and subsea equipment firm Huisman has developed a new series of large, offshore cranes capable of use in ultra-deepwater and with capacities of up to 900 metric tonnes (mt). The series includes a 300mt/600mt…
Shell Philippines Exploration B.V. awarded Royal Boskalis Westminster N.V. a contract to install a Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in The Philippines. The contract value is about US$60 million; to run early-late 2014.
AWE Ltd. reported a second successful drillstem test (DST) at the Lengo-2 appraisal well 25 miles north-northwest of Tuban, Indonesia, with a maximum gas flow rate of 21.2 MMcfd. Gas samples were gathered for analysis. Partners in the Bulu PSC are: KrisEnergy Satria Limited (operator) 2…
Viking Offshore & Marine Ltd. will invest up to S$15 million to set up a dedicated innovation hub in Singapore.The center will be an enterprise hub for companies, and will combine research and development, collaboration, innovation, technology test-bedding…
Other than economics, logistical planning is the heart of any major project. Weather can have a significant impact on project success or failure, and while it can’t be controlled, it can be managed, even in a relatively remote location. The…
After a major storm crippled production from Liuhua field, a major life extension project and new umbilicals from JDR Cable systems renewed an aging property; Victor Schmidt explains. Recently, JDR Cable Systems deployed several subsea…
Electromagnetic Geoservices ASA (EMGS) received a Letter of Intent (LOI) for an extension to the ongoing USD $35 million contract in Asia. The value of the contract extension is at least USD $15 million, which brings the total contract value to a minimum of USD $50 million…
C-MAR Group announced that it won a contract to carry out Failure Mode Effect Analysis (FMEA) surveys and trials on Maridive Group vessels for the next five years. Expected to be worth in excess of $500,000, the agreement covers 16 Maridive…