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…
China National Offshore Oil Corp. (CNOOC) confirmed that the Zhuhai Terminal has been restored to normal production following the discovery of a leak at a subsea natural gas pipeline in December 2011. In 2011, CNOOC placed normal production at the Zhuhai Terminal at 160 Mcf/d or 26…
Seadrill Ltd signed new contracts for the construction of two high specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during 4Q 2015 and 1Q 2016…
Dockwise successfully offloaded the 23,000 ton Lucius spar last week for the Lucius deepwater oil and natural gas project located in the Gulf of Mexico. The Lucius truss spar, measuring 184m (605ft) long and 34m (110ft) in diameter, was…
Statoil announced a light, high-quality oil discovery at its Harpoon prospect (EL 1112) in the Flemish Pass basin, off Newfoundland, Canada. The company said it was too early to assess Harpoon's resource potential, but that it is encouraged by the results…
Technip won a major contract for the supply of flexible pipes by Petrobras for the Iracema Sul (former Cernambi Sul) field, located in the Santos Basin pre-salt area, Brazil at a water depth of up to 2,500 m. The contract covers the qualification…
GE will supply Mitsui Ocean Development Engineering Co. Ltd. (MODEC) with four LM2500+G4 aeroderivative gas turbine packages for a new floating production, storage and offloading (FPSO) platform. The FPSO, owned and operated by MODEC, will be installed in 2…
Vacuum pump, blower and vacuum systems manufacturer Busch inaugurated a new factory in Jarina, 50km north of Sao Paulo, Brazil. In the presence of the Mayor of Jarina and 280 invited guests, the new factory was officially opened by Dr Karl Busch…
Dutch offshore lifting, drilling and subsea equipment firm Huisman has developed a new series of large, offshore cranes capable of use in ultra-deepwater and with capacities of up to 900 metric tonnes (mt). The series includes a 300mt/600mt…
Detection and monitoring firm Tracerco launched a new external pipeline flow assurance and integrity monitoring system at UTC (Underwater Technology Conference) in Bergen today. The system, TRACERCOTM Discovery, is a subsea CT (computed…
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