Rosneft Vietnam B.V. and Japan Drilling Co. (JDC) represented by its subsidiary Hakuryu 5, Inc. signed an agreement to drill two wells in Blocks 06.1 and 05-3/11 in the Nam Con Son basin offshore Vietnam in 2016. The wells will be drilled using the marine drilling rig HAKURYU-5…
In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision (FID) in 2015 and 2016 has not reduced significantly…
Japan's INPEX has submitted a revised development plan for the Abadi LNG project offshore Indonesia. Inpex says greater volumes of gas than thought have been confirmed, leading to a larger floating liquefied natural gas (FLNG) proposal now being developed…
Arup, a multidisciplinary engineering and consulting firm has announced the completion of the installation of the Malampaya depletion compression platform (DCP), a new offshore natural gas platform installed in the West Philippine Sea off the coast of Palawan…
Ocean Floor Geophysics Ltd. (OFG), in cooperation with Fukada Salvage and Marine Works Co. Ltd. (Fukada), has completed another high resolution CSEM survey of near surface gas hydrates using the Scripps Institution of Oceanography Vulcan…
Singapore-based Sembcorp Marine has won the engineering, procurement and construction contract for Maersk Oil's US$4.5 billion Culzean development in the North Sea. Under the $1 billion contract, the firm's subsidiary SMOE will build the development's central processing facility…
Spending on floating production systems is expected to increase 73% in 2015-2019, with US$81 billion due to be spent over that period. Douglas Westwood analyst Ben Wilby sets the scene. BG Group’s Knarr FPSO…
Communication is key, even offshore. Gregory Hale examines how wireless can improve operational efficiencies. A kenetic mesh network in action on and offshore oil and gas rig. Image from Rajant Corp…
South Korean shipyard Hyundai Heavy Industries (HHI) has placed two contracts with Wärtsilä for seawater/propane based regasification modules. The systems are to be installed on FSRU (Floating Storage and Regasification Unit) vessels owned by Höegh LNG…
Malaysia-based Bumi Armada Berhad saw a 22% decline in its revenue in 2Q 2015, but an increase in its EBITDA. Image from Bumi. The offshore oilfield service provider's revenue decreased by 22% to US$109 million (459…
Australian oil and gas explorer Tap Oil announced its entry into Myanmar to explore reserves in the shallow water areas in the Moattama basin. Tap, along with its joint venture partners, will explore the 13,000sq km Block M-7 located 160km east of the 6…
With less than two weeks to go before SPE Offshore Europe 2015, we spoke with DNV GL Oil & Gas CEO Elizabeth Tørstad, who will be visiting the show, about technology trends and requirements in the offshore oil and gas sector. DNV…
Two people have died after a vessel under construction at Daewoo Shipbuilding & Marine Engineering Co. (DSME) caught on fire today (24 August) in South Korea, according to news reports. The Geoje Fire Station said a 39-year-old worker…
Image: Zhuhai skidway and assembly yard/Fluor Fluor Corp. and Offshore Oil Engineering Co. (COOEC) have formed a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI)…
Electromagnetic Geoservices (EMGS) announced a cost reduction program that will generate cuts in its fleet, workforce, and capital expenditures, which the company is blaming on challenging market conditions. The EM Leader…
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