Manila’s Asian Development Bank (ADB) is investing US$1 billion in the expansion of the BP-led Shah Deniz II project, offshore Azerbaijan in the Caspian Sea. Welding of Shah Deniz II jackets being fabricated at BDJF…
South Stream Transport has awarded Swiss-based Allseas Group a contract to lay the first line of the TurkStream offshore gas pipeline in the Black Sea, with an option for laying the second line. According to the contract, Allseas is to lay more than 900km of pipes on the seabed…
Swiss multinational commodity trading group Glencore has confirmed it is in the final stages of negotiations over buying a 19.5% stake in state-owned Russian oil firm Rosneft. The acquisition would be as part of a consortium with the…
More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday. Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…
Norway-based subsea operations specialist Swire Seabed has taken delivery of its fourth subsea vessel, Seabed Constructor. Swire Seabed has secured a six-year contract for Seabed Constructor with UK based firm Ocean Infinity, which is part of US-based SeaTrepid International…
Magseis has been awarded a contract from ConocoPhillips for a full azimuth 4D seabed seismic acquisition survey in the North Sea using the company’s proprietary MASS system. Magseis will mobilize what will be its second, ROV-based crew for the project…
Houston’s Ardent completed the removal of the Troll Solution jackup in the Bay of Campeche, off Mexico, that the company is calling the largest wreck removal in 2016. Ardent deployed assets from several countries…
Mitra Energy has changed its name to Jadestone Energy, effective immediately. 'We are moving in a new direction and we want to be defined by our actions in the years ahead rather than by the past,” said Paul Blakeley, executive chairman…
Novenco has signed a contract with Singaporean contractor SMOP for delivery of all HVAC Equipment related to in-line installation for the Culzean gas field in the UK sector. The deliveries include dampers, sound attenuators, cabin units/extract-supply devices…
Offshore marine and engineering consultancy Aqualis Offshore has been contracted by A2SEA to perform engineering consultancy services for its offshore wind farm installation work at the Horns Rev 3 wind farm offshore Denmark. Aqualis…
Mermaid Maritime canceled a contract for the Mermaid Ausana, a DP2 dive support and construction vessel, with China Merchants Industry Holdings that the company ordered on 9 January 2014. Image of the Mermaid Endurer…
OPGAL, a manufacturer of thermal imaging cameras for the oil and gas industry, has received independent verification for its Optical Gas Imaging (OGI) technology in relation to the new Environmental Protection Agency (EPA) 'QuadOa' regulation (EPA NSPS 40 CFR part 60 subpart OOOOa)…
A joint connecting a hose at BP’s Thunder Horse platform disconnected and released drilling fluid into the Gulf of Mexico (GoM) last month, in an incident that the US Bureau of Safety and Environmental Enforcement (BSEE) is investigating…
Höegh LNG inked a letter of intent (LOI) with Samsung Heavy Industries (SHI) in South Korea for one firm and three optional floating storage regasification units (FSRU). The 170,000 cu m FSRUs have regasification capacity of 750 MMcf/d and full trading capabilities…
Aker Solutions completed the acquisition of 70% of Brazilian CSE Mecânica e Instrumentação Ltda. The agreement includes an option for Aker Solutions to purchase the remaining 30% of the company three years from now. The acquisition…
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