Offshore Regions News - page 1475


Mexican Congress passes energy bill

Dec 13, 2013

Mexico’s Senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…

Chevron unveils 2014 CAPEX

Dec 13, 2013

Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…

Hungary's MOL enters North Sea

Dec 13, 2013

Hungarian integrated oil and gas firm MOL Group has entered the North Sea through a $US375 million deal with Wintershall, a subsidiary of Germany's BASF Group. MOL will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%)…

Petronas awards integrated contracts

Dec 13, 2013

Petroliam Nasional Berhad (PETRONAS) has announced a new gas discovery offshore Malaysia and the award of a three year integrated offshore installation contract. Operator on Block SK320, Mubadala Petroleum, discovered gas in the Sintok-1 well…

Total signs PSC for deepwater Oman block

Dec 13, 2013

Total has signed an exploration and production-sharing agreement for deepwater Block 41 with Oman's Ministry of Oil & Gas, the company announced today. The block is off the northern Omani coast, northwest of the capital, Muscat. It spans 23…

Marathon markets North Sea assets

Dec 12, 2013

Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy.  Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…

GE powers Logitel unit

Dec 12, 2013

GE's Power Conversion business is to supply of dynamic positioning (DP) for a floating accommodation unit being built by Cosco (Nantong) Shipyard in Nantong City, China. The vessel is being built for Logitel Offshore, the Singapore-based floating logistics and accommodation rig owner…

Bristow, BP sign 5-yr, £125million helicopter contract

Dec 11, 2013

Following a competitive tender process, Bristow Helicopters Ltd. has a significant new contract to provide helicopter transportation services to BP Exploration Operating Co. Ltd. The contract has a five-year term, with an option to extend…

Inpex begins operations at Naoetsu LNG terminal

Dec 11, 2013

Inpex Corp. said its Naoetsu LNG terminal in Joetsu City, Niigata Prefecture, Japan, began operations ahead of schedule on 1 Dec. The main facilities include two above-ground LNG tanks with storage capacity of 180,000kl and a berth for unloading a 210…

Eni to buy Saipem's Firenze FPSO

Dec 11, 2013

Milan-based Saipem announced an agreement with Eni for the sale of the Firenze FPSO (Floating Production Storage and Offloading) business line for €336 million (US$464 million). The agreement includes the Firenze FPSO unit, the on-board processing plan…

Gina Krog jacket project starts

Dec 11, 2013

Heerema Fabrication Group’s (HFG) Vlissingen yard in the Netherlands celebrated the first steel cut on the Gina Krog jacket, the largest launch jacket built at HFG. The 17,000-ton jacket is being built for Statoil Petroleum AS and is…

Rolls Royce powers UAE project

Dec 11, 2013

Rolls-Royce is to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and services to help boost oil and gas processing at the Satah Al- Razboot (SARB) offshore project in the United Arab Emirates (UAE). The contract was awarded by Korean engineering…

Hess in production off Malaysia

Dec 10, 2013

EOC Ltd. announced that its Perisai Kamelia FPSO successfully completed startup and commissioning at Hess' Kamelia field in the North Malay Basin, offshore Malaysia. The FPSO is under contract to fast-track natural gas production at the field…

CGG takes on Diskos database

Dec 10, 2013

French geoscience firm CGG is to operate parts of Norway's Diskos database from 2015 to the end of 2020 under a new contract signed with the Norwegian Petroleum Directorate (NPD). The contract will see CGG implment software on the seismic…

Colombian FLRSU receives topsides

Dec 09, 2013

Installation of topsides liquefaction equipment has begun on the Caribbean FLNG project that will be in service off Colombia, contractor Wison Offshore & Marine Ltd. announced. The topsides equipment will utilize the PRICO technology, supplied by subcontractor Black & Veatch…

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