Technip is to help design China's first tension leg platforms (TLPs) under a contract with joint venture partner China Offshore Oil Engineering Co. (COOEC). Image from CNOOC. The…
Norway-based geoscience firm TGS signed a joint venture agreement with Dolphin Geophysical to acquire 4500sq km of 3D multi-client seismic survey over the western part of the Hammerfest basin in the Barents Sea. The survey will provide…
GMC Ltd. has just completed the basic design of a self-installing buoyant tower for the Prinos field development, located in the northern Aegean Sea, offshore Greece for Energean Oil and Gas. Image from GMC Ltd…
Ophir Equatorial Guinea awarded WorleyParsons a contract for provision of engineering and project management services for their Equatorial Guinea Block R Project, the Fortuna project. Block R map…
While the latest revisions to the terms for shallow water areas in Mexico’s first licensing round have increased the attractiveness of the production sharing agreement terms by improving the contractor’s upside potential, the benefits remain…
Subsea 7 awarded FES International a contract for the supply of fully automated diverless bend stiffener connectors (DBSCs). DBSCs are one of FES’s most successful product lines and this is the 10th fully automatic end fitting release system DBSC…
BP awarded Amec Foster Wheeler a US$73.9 million, five-year contract to provide operations, maintenance and project support for the Forties Pipeline System (which includes the Unity offshore platform and onshore pumping stations in Aberdeenshire…
Steel forgings are important building blocks for subsea components and are often tailored to meet end-users’ specific requirements. This results in long delivery times and repeated follow-ups throughout the supply chain. With DNV GL’s new…
KrisEnergy began drilling the Rossukon-3ST sidetrack well offshore Thailand. Image from KrisEnergy. Rossukon-3ST is located in the G6/48 license that covers 566sq km over the Karawake basin…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
Hydro Group teamed up with mechanical engineering group EnerMech to launch a new hydraulics hose product, offering lay-up and over-sheathing of hydraulic hoses for use in umbilical, topside and well intervention projects in the oil and gas industry…
Never let a good crisis go to waste, an industry conference in Oslo, Norway, had been told this morning, Image from Aker. The phrase, used by former UK Prime Minister and wartime…
The US Energy Information Administration (EIA) published its Annual Energy Outlook 2015 report, authored by Adam Sieminski, today. A key finding of the report is that US net energy imports, including all fuels, are expected to decline and…
Saipem awarded Kongsberg Oil & Gas Technologies a US$10 million contract for the delivery of subsea structures for the gas export pipeline project of the INPEX-operated Ichthys LNG Project. Image from Kongsberg…
Malaysia-based Bumi Armada Berhad’s wholly owned subsidiaries Armada Floating Gas Storage Malta (AFG Storage) and Armada Floating Gas Services Malta (AFG Services) entered into a US$300 million deal with ElectroGas Malta (EGM) for the conversion…