Petrovietnam gave an overview of its operations and plans for future development at the Offshore Technology Conference in Houston today. The company seeks to grow to meet the expanding energy needs of Vietnam. Dr. Do Van Hua, president and CEO of Petrovietnam…
Viking Offshore & Marine Limited announced on 26 April 2013, that it would invest up to S$15 million to set up a dedicated innovation hub in Singapore to house and invest in promising offshore and marine companies. Mr. Andy Lim,…
Wärtsilä will supply a comprehensive, fully integrated power, propulsion and positioning system for a DP3 Dynamically Positioned offshore accommodation rig being built in China, the company announced on 17 April 2013. Wartsila power…
Rotork’s compact 242 Series manual gear operators are entering deployment in China. The company received orders from China Valves Hanwei for an undisclosed natural gas project. The 242 Series manual quarter-turn gear operators are ideal for low-torque applications…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
Salamander Energy has made a potential gas discovery at its North Kendang-1 exploration well inside the South East Sangatta PSC, the company announced on 11 April 2013.Ocean General (Image: Diamond Offshore)Drilling operations were suspended at the well after encountering high pressure gas…
Norway’s Seadrill completed the sale of its tender rig business to Malaysia’s SapuraKencana Petroleum for $2.9 billion. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16.
Salamander Energy found oil and gas pay at its South Kecapi-1 DIR/ST exploration well in the Botang PSC in the North Kutei basin off Indonesia. The well found a combined 40m of net oil and gas pay in high-quality, stacked, Pliocene channel sandstones…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1…
Variable Bore Rams struck a deal to supply Weatherford’s Asia Pacific subsidiary with blowout preventer rams. Equipment stocking began last month and includes multiple sizes of rams. “We hope that our presence in the Asia Pacific region will…
Wood Group Kenny won a US$8.6 million contract from Inpex Maselato perform FEED work for the subsea production facilities at the Abadi LNG project off Indonesia. The contract involves the subsea, umbilical, riser and flowline systems,including subsea structures and equipment.
Basement reservoirs have been exploited for decades. However, since the mid-1990s, there has been increasing interest following major discoveries in Vietnam and Yemen, combined with the creation of new downhole tools, seismic technics and improved drilling technologies…
Chevron subsidiary Chevron China Energy and China National Offshore Oil Corp (CNOOC) signed production sharing contracts for two shallow water exploration blocks in the South China Sea. Chevron will hold 100% interest during the exploration…
BC Petroleum spud the Spaoh2 well last month. It will target a total depth of 2710m subsea, is the third well in a multiwell appraisal drilling program in the Balai Cluster off east Malaysia.
Cairn India contracted GE Oil & Gas to supply the Ravva oil and gas field off the coast of Andhra Pradesh with HPHT wellhead technology, mudline systems, spare units and services for the field. “We see HPHT technology as a key for the next stage of development…