Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…
Petronas has given Enra a letter of award to provide condensate storing and offloading services for the Yetagun gas field, off Myanmar. The deal is between Petronas subsidiary PC Myanmar (Hong Kong) Ltd. (PCML), and Enra’s 60%-owned subsidiary…
Singaporean shipbuilder Jurong Shipyard has further extended its standstill agreement with North Atlantic Drilling Ltd. (NADL), which will delay the delivery of the West Rigel semisubmersible drilling rig for the fifth time. The Sembcorp…
Timor GAP, the national oil company of Timor-Leste, has identified 'world-class prospectivity' southeast of the island that the company believes to be a game changer for explorations in the region. Located in the Timor-Leste Exclusive Area…
BP has installed the topsides for the Shah Deniz Stage 2 quarters and utilities (QU) platform in the Caspian Sea, the supermajor announced this week, as the project inches closer to first gas in 2018. The QU platform topsides set sail…
Petrobras and CNPC have signed a memorandum of understanding (MoU) in Beijing to structure a strategic partnership. The MoU was signed by Petrobras CEO Pedro Parente, and Wang Dongjin, VP of CNPC and CEO of PetroChina. The MoU will…
Sevan Drilling has amended the delivery deferral period for the Sevan Developer cylindrical drilling rig until 30 June 2020, effective upon receipt of US$25.3 million plus interest from Cosco (Qidong) Offshore Co. Ltd. (Cosco). Sevan says that the receipt is expected by 31 July 2017…
The Taiwan Strait could be on the verge of an offshore wind boom. Elaine Maslin reports on ambitious targets and challenges. Image from iStock. Taiwan has set itself an ambitious offshore energy target…
Westwood Global Energy Group’s Marina Ivanova sheds light on the global offshore wind market. Source: Westwood Global Energy Group. Westwood Global Energy Group (Douglas Westwood)…
Elaine Maslin surveys a variety of floating offshore wind projects due onstream in the near future. Statoil’s Hywind project. Image from Statoil. This year, floating offshore…
Keppel Offshore & Marine Ltd subsidiary, Keppel Shipyard has won four contracts worth a total of $61.5 million (S$85 million) for the conversion, repair and modification of vessels. The first contract is from Dixstone Holdings Ltd, for…
Eni has lined up a series of agreements with the Astana government that will see the Italian giant have the rights to explore the Isatay block in the Caspian Sea. Descalzi. Image from Eni. Eni…
Classification and technical services provider ABS has granted an Approval in Principal for Chiyoda Corp.’s floating liquefied natural gas (LNG) power plant and floating storage and regasification unit design concept. ABS said the concept…
Dyna-Mac has secured two fabrication projects for a provisional sum of US$30 million from two new customers. The group has been awarded a contract by Cameron Solutions Inc., a Schlumberger company acting through its Process Systems Group…
Thailand’s PTT Exploration & Production Public Co. (PTTEP) has renewed its contract with Paris-based geophysical firm CGG for CGG to continue operating PTTEP’s dedicated processing center (DPC) in Bangkok. CGG has operated the center on PTTEP’s behalf since November 2013…