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…
Sapura Energy’s SK310 B15 gas field development project offshore Malaysia remains on track for first production in Q4 2017, the company announced in its 19 June earnings update. Despite a challenging market due to oil price uncertainty…
JX Nippon Oil & Gas Exploration (Malaysia) started gas production from the Layang Field, offshore Malaysia, with an estimated 12,000 boe/d. Map from JX Nippon. Layang is about 7km east of the producing Helang Gas Field in Block SK10…
BP and Reliance Industries Ltd. (RIL) reported Thursday they would spend US$6 billion on three projects to develop deepwater gas resources offshore India that would bring 1 Bcf/d of dry gas production onstream between 2020 to 2022. Image…
Maersk Supply Service (MSS) has reached agreements with two shipyards to delay nine of its newbuild vessels due to the current market situation. Maersk Master. Image from MSS. A…
Just like other oil and gas provinces, the global deepwater industry is adjusting to the new normal of low oil prices. However, that adjustment has not been as quick or granular as the response of US tight oil to OPEC’s 2014 decision not to cut production…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
Empyrean Energy has started a 3D seismic survey on its 100% owned Block 29/11, offshore China. Block 29/11 is about 1800sq km and is situated some 200km south-southeast of Hong Kong in 340-600m water depth. Empyrean has contracted China Oilfield Services Ltd…
Sapura Energy Berhad (SEB) has been awarded contracts with a combined value of about US$206 million (RM879 million) offshore Myanmar, Brunei, India, and Australia from several companies including PTG, Shell, ONGC, and PTTEP. Off Myanmar…
Stena Atlantic Ltd., an affiliate of Stena Drilling, notified Korean shipbuilder Samsung Heavy Industries (SHI) last week, that it has exercised its right to cancel their contract for the construction of the Stena MidMAX, a dynamically positioned harsh environment semisubmersible drilling unit…
Keppel FELS and Borr Drilling have agreed on construction contracts for the five jackup rigs currently being built by Keppel for Transocean, following this week’s earlier announcement of Transocean’s jackup fleet sale to Borr. Image from Transocean…
The Naga 2 jackup, from Octanex. Octanex has spudded the Ophir A1 well today (2 June) using the UMW Naga 2 jackup mobile drilling unit. Ophir A1 is the first of three planned…
The first topsides unit built for the Shah Deniz stage 2 platforms is now en route from the Azfen fabrication yard in Bibi-Heybat to the Shah Deniz contract area in the Caspian Sea offshore Azerbaijan. BP announced 1 June that the topsides transportation…