Investment costs on the massive Johan Sverdrup development have been further reduced to US$11.64 billion, from $14.76 billion, when the plan for development and operation was submitted. Break-even costs on the project have also fallen to below $20/bbl for Phase 1…
Genesis has been awarded two frame agreement contracts by BP covering work in the conceptual, pre-front end engineering and design (FEED) and FEED stages of the project lifecycle. The firm, which is part of TechnipFMC, said these frame…
Fugro has been awarded a framework contract in the Asia Pacific region for inspection, repair and maintenance (IRM) services. Under this contract, IRM services can be called off as needed by the client. The total value of the contract is estimated at around US$86…
LOC Group, an international marine and engineering consultancy, is partnering with WavEC Offshore Renewables, a private, non-profit offshore marine energy research and consultancy association. As part of the agreement, LOC will provide its…
Steve Dawson and Alex Karakassis have been appointed managing directors (MDs) of Hansa Heavy Lift, taking over for Roger Iliffe, the outgoing chief executive officer (CEO), with immediate effect. Iliffe has left in order to focus on independently pursuing other opportunities…
Norway’s deepest yet oilfield development is bringing a string of firsts to the Norwegian Continental Shelf, not least when it comes to the field’s flowlines. Elaine Maslin reports. BuBi pipe fabrication at Vigra…
In January of this year, Dutch subsea technology company Seatools completed a research and development (R&D) program on a subsea liquid storage technology. During the program – a continuation of an earlier engineering study performed on behalf…
Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
Norwegian firms Aker Solutions and Aibel have won hook-up and commissioning contracts on Statoil's massive Johan Sverdrup field development offshore Norway. The contracts have a total value of slightly less than NOK 1.3 billion, excluding options…
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ newbuild fixed and floating offshore facilities in the North Malay Basin development…
International compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Sembcorp Marine to supply compressed air systems to the new build Heerema Sleipnir crane vessel. The scope of work includes manufacturing…
GE Energy Connections has been chosen to supply its MV7Series 5 Level (MV7-5L) drive, which will sit topside on a floating production storage and offloading (FPSO) unit for the Greater Enfield project. Located 60km off Exmouth in Western Australia…
Victrex and Magma Global are continuing to build their strategic partnership targeted at the oil and gas industry. Following the joint development of Magma carbon composite m-pipe utilizing VICTREX PEEK, Victrex recently invested in a minority…
VBMS, a Royal Boskalis Westminster (Boskalis) subsidiary, has been awarded a cabling contract with a value of approximately US$100.7 million (EUR100 million) by ScottishPower Renewables, for the East Anglia ONE offshore wind farm. The scope of work for VBMS consists of the supply…
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