Wood Group has won a new five-year contract with BP-operated projects, valued at US$500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement…
Balmoral Offshore Engineering has introduced a range of high temperature thermal insulation systems suitable for use on subsea Christmas trees, manifolds, spool pieces and jumpers, etc. High temperature-rated silicone, urethane alloy…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago, as it battles the continuing low oil prices. Yet, the firm is set to see production levels lifted as a string of new projects come onstream through 2016-2017…
Trelleborg’s offshore operation has been awarded an order for thermal insulation and corrosion coating services for phase II of the BP Project, Shah Deniz, contracting directly to Azeri firm BOS Shelf. The contract is expected to begin in 2015 and run until approximately 2022…
BP's Caspian Sea unit has inked 14 offshore support vessel contracts with Topaz Energy and Marine. The contracts cover a five-year period plus two one-year options at current market terms and will be primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan…
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG (TAP) to the Italian gas infrastructure company Snam SpA in a US$220.8 million (€ 208 million) deal…
Yinson has awarded Singapore’s Keppel Offshore & Marine conversion work on a floating production, storage and offloading (FPSO) vessel meant for Eni’s Offshore Cape Three Points Block (OCTP), offshore Ghana. The award is one of four the…
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come…
Drilling and engineering contractor KCA Deutag has been awarded two contracts with BP Exploration (Caspian Sea) with about US$360 million for the initial contract or $1 billion including all options. The first contract has been awarded…
Azerbaijan represents around $17billion of bidding opportunities for UK oil and gas companies, according to UK Trade and Investment (UKTI). At the government department’s Azerbaijan market briefing yesterday, the agency said skills developed…
Trelleborg Sealing Solutions has produced a new innovative seal for a 'ground-breaking' valve designed by Schoolhill Hydraulic Engineering for BP’s Shah Deniz field. The high-flow, high-integrity, safety critical subsea quick exhaust valve (QEV)…
Two additional contracts have been awarded for the Shah Deniz Stage 2 project, offshore Azerbaijan in the Caspian Sea, some 100km south of Baku, operator BP announced. FMC Kongsberg Subsea won a US$297 million contract for the supply of the subsea production system hardware…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
There is a big risk circling mature production installations where hardware that was once state of the art now poses a problem for managers on late-life assets. That risk is obsolescence. John Bradbury reports. BP’s Shah Deniz facility…
Image: Heydar Aliyev/Maersk Drilling Maersk Drilling has been awarded a five-year contract extension for the semisubmersible Heydar Aliyev rig with BP Exploration (Shah Deniz) acting as operator of the Shah Deniz field…
Subscribe
