Singapore-based Ezra Holdings has said it is considering listing its subsea services division EMAS AMC in the US and has appointed J.P. Morgan Ltd. as an advisor. Ezra said it was looking at strategic options, to increase its international profile and position of EMAS AMC…
Petronas awards integrated contracts Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three-year integrated offshore installation contract. PETRONAS awarded its Pan Malaysia Integrated…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round. The licensing round offers 30 offshore areas, including 19 deepwater blocks. These blocks are predominantly in the Rakhine Offshore Area (12 blocks)…
PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Shell’s Prelude floating liquefied natural gas (FLNG) facility floated out of the dry dock at Geoje, South Korea’s Samsung Heavy Industries yard, where the facility is currently under construction. Upon completion, Prelude FLNG will be the largest-ever floating facility…
The Shah Deniz gas field consortium in Azerbaijan will proceed with stage 2 development of the Caspian Sea field, opening its sources to Europe. Stage 2 includes offshore drilling and completion of 26 subsea wells, the construction of two bridge-linked platforms…
Italy’s Eni signed a string of agreements with Russian operators and a research institution. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing to future cooperation in offshore projects in the Mediterranean Sea…
Fugro’s wholly-acquired Advanced Geomechanics Pty Ltd. (AG) will become part of its global geoconsultancy practice.The nearly 20-year-old, Perth- based AG provides geotechnical and geophysical engineering and consulting services, and partnered with companies including Woodside…
CNOOC Ltd. announced that the Liuhua 19-5 gas field has commenced production.Liuhua 19-5 is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of about 185m. This project was designed to share the existing producing facility of Panyu 30-1 gas field…
Yantai CIMC Raffles Offshore (CIMC Raffles) has won an order for two jackups from newcomer Central Shipping Monaco (CSM). The two rigs will be Friede & Goldman JU2000E design and scheduled to be delivered at the end of 2015. CSM also…
KrisEnergy Ltd. completed drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 off Vietnam.The Cua Lo-1 well was drilled to a measured depth of 2,867 m. Based on log interpretation, several gas bearing sandstone reservoirs were identified…
Lundin Petroleum AB is to increase its spending on new developments by 25%, to US$1.4 billion, in 2014. The majority of the cash (75%) will be spent on ongoing projects offshore Norway, with most of the rest being spent on the Bertram development in Malaysia…
Subsea inspection, repair and maintenance (IRM) group Harkand has ordered a new build dive support vessel and agreed an option for a second. The order has been placed with Norway's Vard Holdings Limited (VARD), with delivery of the first vessel scheduled for Q2 2016…
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…
The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…