Wood Group Mustang has been awarded the pre-front-end engineering design (pre-FEED) contract by Statoil for the proposed Snorre C tension leg platform (TLP) to be located on the Norwegian continental shelf. Work is being conducted by…
General Electric today agreed to pay US$1.78billion for Milestone Aviation Group, the world’s largest helicopter leasing company. Helicopter transportation is fundamental to the offshore oil industry, and the market for oil & gas…
T.D. Williamson (TDW) carried out a subsea pipeline pressure isolation that protected divers during a wye installation in the Gulf of Mexico. The installation was of a piggable wye to tie-in a new deepwater oil and gas system in the GoM…
Petroleos Mexicanos (Pemex) awarded the Houston-based, Cameron-Schlumberger joint venture OneSubsea, a US$270 million subsea production systems contract for the Lakach deepwater project offshore Mexico. The Lakach project is the first deepwater subsea field to be developed by Pemex…
CNOOC Ltd. began production on its Enping 24-2 oilfield in the Pearl River Mouth Basin off the South China Sea. Enping 24-2 has an average water depth of approximately 86m to 96m. The main production facilities include one drilling and production platform…
Rosneft has finished performing comprehensive geophysical exploration, including seismic data acquisition 3D and gravimagnetic survey on the West-Prinovozemelsky licensed site on the continental shelf of the Barents Sea. The scope of work totaled 2800sq km…
Lundin Petroleum began drilling at the Gobi-1 wildcat exploration well in the Gurita production sharing contract (PSC) offshore Indonesia. Map of Gurita PSC. From Nido. Gobi-1 is located in the West Natuna basin in the Natuna Sea…
Petrofac has secured a duty holder contract for two assets in the southern North Sea, following their acquisition by Faroe Petroleum. Petrofac will continue to provide operations and facilities management to the Schooner and Ketch platforms…
JDR is to design and manufacture a hybrid power steel umbilical for Wintershall Noordzee's Ravn field development in the Danish sector of the North Sea. JDR’s will deliver an 18.2km-long umbilical which will provide power and control…
US-based Endeavour International is seeking bankruptcy protection after agreeing a restructuring agreement with some creditors. The company’s debt totals about US$1.2 billion, according to Chapter 11 papers filed in US Bankruptcy Court in Wilmington…
Petrel Resources and Clontarf Energy have confirmed that an agreement has been reached with the Ghanaian authorities on the specific revised co-ordinates of the signed Petroleum Agreement on a license Block in the Tano area of Ghana. The…
A plan to develop the Ruche fields in the Duffafu license offshore Gabon using a floating production, storage and offloading vessel has been approved by the country’s authorities. The project, operated by Harvest Natural Resources, will see the Ruche A (formally Ruche)…
Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from Norway’s Statoil for US$2.25 billion. Statoil says the move, which sees it exit the Shah Deniz project, is part of its portfolio management…
An international arbitration panel has awarded ExxonMobil US$1.6 billion for Venezuelan assets seized in 2007. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) decided unanimously that Venezuela has to pay damages to oil company ExxonMobil totaling $1…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
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