Singapore-based Ultra Deep Solutions has signed a letter of intent to build a SALT 310 well intervention vessel at China Merchants Heavy Industry (CMHI) yard in Shenzhen. Ultra Deep Solutions says the vessel will be capable of well intervention…
VNG Norge today (19 December) submitted the US$1.2 billion (NOK 10.2 billion) plan for development and operation (PDO) for the Fenja field in the Norwegian Sea. The company previously estimated its development plan for Fenja to cost $1.3 billion (NOK11…
UK fractured basement explorer Hurricane Energy has contracted floating production and subsea engineering firm Crondall Energy to provide engineering support during the early production system (EPS) project on the Lancaster field, West of Shetland…
Norwegian oil and gas firm Aker BP has taken a 17% stake in reservoir stimulation technology firm Fishbones, joining Statoil as an investor in the firm. The Fishbone concept was initially developed for a field trial at Valhall, operated by Aker BP…
Australia's Woodside Energy has awarded UK-based engineering house Wood a contract for a concept definition study for the Julimar Phase 2 project offshore Australia. Woodside has also awarded Wood a contract for engineering and rig modification services off Australia…
Audrey Leon takes a look through some of the industry’s biggest ongoing projects by capex in 2017. Five of the 10 biggest projects by capex were offshore projects in 2017, led by Inpex’s Ichthys LNG project offshore Australia. Ichthys…
Audrey Leon looks at some of 2017's 10 largest offshore discoveries. First published in the December 2017 OE. While exploration hasn’t been as hot as it used to be, the finds this year have been big and plentiful. Wood Mackenzie has provided the year’s 10 biggest finds by volume…
McDermott International and CB&I today (18 December) unveiled plans to combine in an all-stock transaction valued at US$6 billion. McDermott's DB 50. The companies say the merger will create…
Norwegian engineering and fabrication firm Kvaerner has been awarded a US$120 million (NOK1 billion) contract for delivery of the topside and steel jacket substructure for Valhall Flank West by operator Aker BP. Kvaerner's scope includes procurement…
The Libra consortium, led by Petrobras, has chosen Modec to charter a floating production storage and offloading unit (FPSO), the first definitive production system of Mero field, which will be used in the Mero Pilot project (formerly Libra Northwest)…
Using non-intrusive inspection (NII) survey technologies could be worth US$310 million (£242 million) a year to UK North Sea operators through increased production and lower maintenance costs, according to a survey by the Oil & Gas Technology Centre (OGTC) and ABB…
Keppel Offshore & Marine subsidiary Keppel Singmarine has delivered a new multi-purpose ice-class vessel to New Orient Marine, part of Luxembourg-based Maritime Construction Services. The MPV Everest, built to a Keppel O&M design, is the 11th ice-class vessel built by Keppel O&M…
Helix Energy Solutions' Siem Helix 2 newbuild light well intervention vessel has completed the vessel acceptance tests and is now on contract to Petrobras offshore Brazil under a multi-year contract. The Siem Helix 2 joins the Siem Helix 1…
US offshore wind developer US Wind has awarded a contract to Oceaneering for high-resolution marine geophysical surveys in 2H 2018 for the Maryland Offshore Wind Project. The $2.5 billion Maryland project on the Maryland Outer Continental Shelf (OCS)…
Global high-impact* exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs. High impact drilling commercial success…
Subscribe
