PTTEP Australasia (PTTEP AA) achieved first oil from the Montara field in the Timor Sea off Western Australia, the company announced on June 20. The Montara Venture FPSO started production at the H2 well at the beginning of June, achieving steady rates by June 12…
Lars Hellberg, president of PowerTech, executive vice president and member of the board of management announced he will leave Wärtsilä to become the president & CEO of Fortaco Group, a Finnish industrial manufacturer. Hellberg is projected to leave Wärtsilä in mid-December 2013…
FMC Technologies, Inc. was awarded a US $1.2 billion contract from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field, and Saipem won a $3 billion contract for the subsea development of the field. The Egina field is located in Block OML 130 offshore Nigeria…
A subsidiary of Atwood Oceanics has ordered a fourth ultra-deepwater drillship from South Korea's Daewoo Shipbuilding and Marine Engineering (DSME). The vessel, to be named the Atwood Archer, will be identical to the previously ordered Atwood Advantage…
Wood Group PSN (WGPSN) has extended one of its longest running projects in the North Sea under a US$60 million (£40 million) one year contract extension with ConocoPhillips (UK). WGPSN will continue to provide operations and maintenance services…
Australian engineering firm WorleyParsons has won two contracts, offshore Australia and on and offshore Africa. Worley Parsons is to provide brownfield engineering services to Chevron for the operator's west Australian assets, under a master services agreement lasting initially five years…
A project to design and build a new Category B semisubmersible rig capable of year-round well-intervention work offshore Norway has been cancelled. Aker Solutions and Statoil have said the technology development needed to build the rig…
South Africa's national oil company, PetroSA, signed a Technical Cooperation Permit (TCP) for Block 3A/4A with Sasol. The block is located in the Orange basin, off the country's west coast. Block 3A/4A covers 19,066 sq km, with water depths ranging from 100-500m…
The Inpex-operated Ichthys LNG Project cut first steel on June 18 for the hull of its floating production, storage and offloading (FPSO) facility in Okpo, Korea. With fabrication of the hull underway, work on all of the project’s major offshore facilities has commenced…
Trinidad and Tobago announced the signing of four production sharing contracts (PSCs) with Australia's BHP Billiton for four deepwater blocks that the company had previously won in December during the country's 2012 deepwater bid round. On…
Total announced that its subsidiary, Total Upstream Nigeria Ltd. (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corp. (NNPC) to award the main EPC contracts to develop the offshore Egina field…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
Chukar Waterjet has developed an ultra-high pressure subsea waterjet capable of cutting and blasting at depths of more than 3000m. The system, presented at UTC in Bergen this week, was developed following Chukar's involvement in providing…
The subsea industry is doing incredibly well, but it needs to reduce costs and invest more in technology development—according to the key note speaker at this week's UTC 2013. Kristian Siem, chairman of Subsea7 and its parent company Siem Industries…
Statoil awarded Aker Solutions a four-year frame agreement to supply, refurbish and store compensation equipment used to stabilize and control the production risers on the Heidrun platform in the North Sea. The contract value is undisclosed…
Subscribe
