Offshore Activity - page 1104

 

Yacheng field snapped up

Jan 10, 2013

BP has pulled out of Yacheng gas field in the South China Sea, selling its 34.3% stake to KUFPEC, a subsidiary of KPC, for US$308 million. Pending approval by CNOOC, the deal is expected to close 2H 2013.

A world well-supplied

Jan 09, 2013

Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel – by 65% over the next 30 years…

Conference delineates steady effort to open the Arctic

Jan 09, 2013

Delegates at the Arctic Technology Conference, held recently in Houston, examined the potential of the region to the oil & gas industry. Victor Schmidt and Nina Rach listened in.Two Russian icebreakers create a wide path for the LNG carrier…

It’s cold. It’s harsh. And it takes a lot of cash.

Jan 09, 2013

The challenges of drilling in the Arctic have become so multifaceted it’s hard to know what position folks line up behind. If it were just the usual environmentalist vs oil companies – and that fight is perennial to be sure – things would be clearer…

Another tiny miracle

Jan 09, 2013

Rice, Moscow State study toxic groundwater Rice University teams up with Moscow State for radioactive waste solutionGraphene oxide has a remarkable ability to quickly remove radioactive material from contaminated water, researchers at…

Kulluk towed to safety

Jan 08, 2013

Shell drillship finds safe harbor at Kiliuda Kulluk in transit (Photo: Coast Guard Operations Specialist 3 Dale Arnould.)Recovery teams were able to tow Shell’s Arctic-class drillship The Kulluk to Kiliuda Bay where it is now anchored at a safe harbor at Kodiak Island…

Aker buys Canada's AKCS

Jan 07, 2013

AKCS coup furthers Aker's Canadian expansionAker Solutions strengthens its commitment to the Canadian oil and gas market through taking full ownership of Newfoundland and Labrador-based AKCS Offshore Partner.'The buy-out will support…

FMC preps for future growth

Jan 04, 2013

FMC buys 173-acre parcel of land in Houston Map of Generation Park in HoustonFMC Technologies, Inc. announced that it has purchased a 173-acre parcel of land in Houston, Texas. FMC Technologies has experienced significant growth over the…

Inclination monitoring

Jan 04, 2013

Fugro Renewable Services has launched the Inclinocam, which the company bills as a real-time inclination monitoring service to support safe offshore pile installations. The announcement follows the delivery this year of two high performance…

Subsea 7 nets EPIC off UK

Jan 04, 2013

Dana chooses Subsea 7 for Western Isles EPIC Dana Petroleum's Western Isles developmentSubsea 7 S.A. announced the award of a contract valued at approximately US$300 million from Dana Petroleum, for the provision of subsea EPIC services in support of their Western Isles development project…

Island dreams

Jan 04, 2013

Could a chain of islands designed to house and feed workers closer to production locations be a viable solution to the daunting logistical challenges faced by operators working in remote offshore locations in Brazil and other parts of the world…

Wave energy conversion

Jan 04, 2013

JUMBO JOB: The DP2 heavy lift vessel Jumbo Javelin was used to install 111 transition pieces for the Anholt Offshore Wind Farm off Denmark. The transition pieces, weighing up to 180t each, were loaded in Aalborg and transported to Anholt aboard the Javelin…

ITF scales up for the ‘push and pull’

Jan 04, 2013

ITF, the global industry technology facilitator, was set up in 1999 and is today owned by 30 major operating and service companies from around the globe, Qatar Petroleum having become the latest recruit in July. Meg Chesshyre talked to chairman…

Dudgeon beckons for Sheringham duo

Jan 04, 2013

Having partnered successfully through the Scira Offshore Energy joint venture company on the Sheringham Shoal development, Norway's Statoil and Statkraft are working together again on another UK North Sea wind farm project. This follows the acquisition of Dudgeon Offshore Wind…

Transocean fined $1.4B

Jan 03, 2013

Transocean pleads guilty for Gulf spill role Deepwater Horizon response efforts (Photo: USCG)Transocean has agreed to plead guilty for its role in the 2010 Deepwater Horizon accident and pay $1.4 billion in both criminal and civil fines, the U…

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