With the subsea construction vessel (SCV) associated with the Shah Deniz Phase 2 natural gas development expected to hit the waters in April 2017, contracting for the project is in full swing. Two more major contracts totaling nearly US$500 million announced 23 April…
PTT Exploration and Production Public Company Ltd. (PTTEP) will acquire 100% equity stakes of Hess Corp in Thailand for US$1 billion. The details of the transaction are as follows: Own 15% interest in block B12/27 (mainly in Pailin…
Task Geoscience and Fronterra Integrated Geosciences are to merge to become geoscience consultancy – the Task Fronterra Group. Task Fronterra has received a financial injection of growth capital investment from the UK's Business Growth Fund…
UK-based subsea services firm Reef Subsea is to split up into three independent companies after its January buyout by Norwegian private equity outfit Hitecvision. The three new companies will be Reef Subsea, X-Subsea, and Technocean Subsea…
Oil and gas engineering services business Plexus Holdings has been awarded a contract with Galp Energia Tarfya to supply surface wellhead and mudline equipment services for an exploration well offshore Morocco. At its March capital markets day…
Maintenance, like safety, is everyone's business. Even a cursory examination of successful energy companies reveals a strong commitment to a maintenance and safety hierarchy that goes from employees in the field all the way to the executive offices…
Technip has entered into an agreement to divest a majority stake of at least 51%, up to 75%, in Seamec Ltd. HAL Offshore Ltd., India at a consideration of Rs 97 per share (US$27 million for 51% stake and up to $40 million for 75% stake). This…
A 6th generation DP semisubmersible, Pemex's Centenario GR is capable of drilling in 3000m water depth. More than 85% of the rigs working offshore Mexico are classed by ABS. image source: Grupo R After 75 years of monopoly…
Pemex CEO Emilio Lozoya Austin speaking at CERAWeek 2014. Photo by Audrey Leon/OE. Mexico’s road to passing recent energy reforms was forged by much needed collaboration in order to fix the country’s productivity growth…
This animation depicts the standard installation of a communications riser cable for an oil and gas platform, performed by TE SubCom's cable ships and submersible tools.
The Prelude FLNG subsea architecture, supported by traditional mudmats. image source: Shell. Mobile foundation technology could offer an economic solution to some stranded offshore hydrocarbon reserves…
Sakhalin Energy Investment Company (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have signed a contract for construction and long-term operation of a multifunctional icebreaking supply vessel for the Sakhalin-2 offshore platforms…
Experience can play a major role in the development of an effective flexible pipe integrity management system (FIMS) and plan. Unbonded flexible pipes have been deployed in the global oil and gas industry for more than 30 years…
Octanex N.L. announced that OMV New Zealand Ltd. has completed the planned 2D seismic survey, named Mohua, in the Taranaki basin off New Zealand. OMV has confirmed the survey vessel, Aquila Explorer, commenced acquisition of the Mohua survey on 19 April…
Dubai-based rig and platform builder Lamprell has set an official Guinness World Record for the heaviest load moved by self-propelled modular trailers (SPMTs) as part of the Golden Eagle platform project (pictured). Lamprell’s contract was for a production…
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