Australia and New Zealand hold vast petroleum potential, much of which remains undeveloped. Audrey Raj sets out the detail. Samples of oil from various New Zealand discoveries. Photo from TAG Oil…
Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian oilfield analysts Rystad. 'In addition to subsurface challenges, above-ground issues…
Samsung Heavy Industries Co. (SHI) has awarded Clough a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The scope of work includes the preparation and execution of offshore hook-up activities and assistance to commissioning…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
Oilfield services giant Schlumberger has inked its second floating LNG-related deal within a space of days - this time taking a stake in a development project. After inking a memorandum of understanding with LNG carrier and floating LNG firm Golar LNG late last week…
Golar LNG signed a memorandum of understanding (MOU) with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the MOU, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners…
Wood Group has secured a three-year contract with Shell Australia's Prelude, floating liquefied natural gas (FLNG) project. Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG…
Peter Bennett has been appointed as chief executive officer (CEO) of Australian diversified engineering firm Clough and the Murray & Roberts oil and gas business platform, with effect on 1 February 2016. Bennett will also join the Murray & Roberts board…
ABS Group subsidiary Genesis Technology Solutions has been awarded a contract by Golar LNG to develop an intelligent maintenance strategy for the company’s new fleet of floating LNG (FLNG) vessels utilizing the GoFLNG floating liquefaction technology…
Greg Hale takes a look at how Shell integrated an asset integrity program into its new Prelude FLNG project with the intent of saving millions over the next 20-25 years. Integrating an asset integrity…
OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…
The Petronas floating LNG1 (PFLNG1) has reached a 95% overall progress in its construction and will come onstream in 2016, the company said. In late September, Petronas began lifting the first topside module for its PFLNG1 facility at…
Capital expenditure (Capex) on LNG facilities has risen substantially in recent years, mostly due to growth in the global economy which has been driving demand for natural gas. Douglas-Westwood (DW) forecasts that this trend is set to continue…
UK-based engineering group Wood Group has won a front-end engineering and design (FEED) contract on Woodside's Browse floating liquefied natural gas (FLNG) development. Under a new, 12-month contract awarded by Shell, Wood Group Kenny…
Shell has cleared the final regulatory approval for its US$70 billion acquisition of BG Group, after receiving 'unconditional merger clearance' from the Chinese Ministry of Commerce (MOFCOM). This approval from China is the final regulatory…