Saipem has been awarded a $US554 million contract to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline in the Black Sea. According to Saipem, the contract includes engineering…
The Shah Deniz and South Caucasus Pipeline consortia have awarded key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects. The contracts, covering project management services and construction…
Nexans' Direct Electrical Heating (DEH) cable systems will be installed to help maintain the reliable flow of products from the Shah Deniz field, located in the Azerbaijan sector of the Caspian Sea. The world's largest DEH project to…
6.6MM Gazprom’s estimated annual production potential for the Prirazlomnoye field. US$1.9billion The estimated ROV market in 2017. 900 tons The weight of the deck on the Jalilah B platform. 54 rigs were counted offshore the US…
KBR is to provide detailed engineering and procurement support services for the Shah Deniz Stage 2 project in the Caspian Sea under a contract with BP Exploration (Shah Deniz) Limited. This contract follows the completion of FEED services…
Shell quits Alaska: Royal Dutch Shell will discontinue its 2014 plans for drilling offshore Alaska. Shell’s U-turn on Alaskan drilling follows a profit warning and a court judgment, raising “substantial obstacles” to the company’s plans for drilling in the Chukchi Sea…
The AMEC Tekfen Azfen (ATA) consortium has been awarded a US$974 million contract for work on the BP-operated Shah Deniz II gas field development in the Caspian Sea. The contract covers the fabrication, load out, and offshore hook-up…
The Shah Deniz gas field consortium in Azerbaijan will proceed with stage 2 development of the Caspian Sea field, opening its sources to Europe. Stage 2 includes offshore drilling and completion of 26 subsea wells, the construction of two bridge-linked platforms…
BP has reported a fall in profits in 2013, as the company feels the brunt of its divestment program. Underlying replacement cost profit for Q4 was US$2.8 billion, compared with $3.9 billion for Q4 2012. Full-year underlying replacement cost profit was $13…
With the world economy once again on an upward trajectory, 2014 is likely to see a number of key oil and gas projects rise to the fore. Meanwhile, exploration and production trend towards evermore challenging waters and is anticipated to…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Increasing construction and installation activity globally is driving a demand for fabrication and manufacturing capabilities. With its shipbuilding and petrochemical heritage, northeast England is rising to meet the challenge. From a cluster of towns centering on Newcastle…
Wellhead fatigue is acknowledged as a technical challenge in the oil and gas industry. In an effort to advance industry capabilities and better inform operational decisions, BP is developing a system for instrumentation and data interpretation…
Trans Adriatic Pipeline AG (TAP) announced today that BP Plc, Azeri SOCAR, France's Total SA, and Belgian Fluxys—members of the international consortium developing the giant Shah Deniz field in Azerbaijan—have exercised their option to join the Trans Adriatic Pipeline AG (TAP)…
Alaska states Arctic needs Alaska’s Lt. Governor Mead Treadwell stated the case for the state’s needs at the Ice-Diminished Arctic Conference in Washington, D.C. He emphasized the need for safety, security, and economic development in the region…
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