Faroe Petroleum completed the acquisition of a 10% non-operated interest in the BP-operated East Foinaven oil field and a 0.5% interest in the West of Shetland Pipeline System, both from Marubeni Oil & Gas (North Sea) Ltd . The net consideration payable for the acquisition of the interests…
The BG Group and Southern Union-backed Lake Charles Exports LLC has received approval from the US Department of Energy (DOE) to export US-produced liquefied natural gas (LNG) to non-Free Trade Agreement (FTA) countries. Lake Charles previously…
Next month’s SPE Offshore Europe exhibition and conference will be the largest in the event’s history with more exhibiting companies and countries represented than ever before. The sold-out exhibition halls, covering a record 27,082…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Colloquy: Editor’s Column American oceanographer Dr. Sylvia A. Earle recently received the Hubbard Medal, the National Geographic Society’s highest honor, recognizing “leadership in exploration, science, environmental stewardship and education…
BP completed a deal with Petróleo Brasileiro S.A. (Petrobras) to farm-in to five deepwater exploration and production concessions operated by Petrobras in the Potiguar Basin located in the Brazilian Equatorial Margin. Subject to regulatory approvals…
Seadrill Ltd has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be…
Andreas Chrysostomou has been appointed the 111th President of the Institute of Marine Engineering, Science and Technology (IMarEST) at its annual general meeting on 21 March 2013. Richard Vie has been appointed President Elect…
NOF Energy, the business support organisation for oil, gas, nuclear and offshore renewables, has celebrated its 25th anniversary with a special Silver Jubilee Celebration Dinner at the Gateshead Hilton. The dinner celebrated the growth of the business development organisation…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
A project to create the world's first subsea gas compression facility is a step closer after the main subsea frame for the project set sail from a Norwegian yard. Aker Solutions loaded out the 1800-tonne gas compression station steel frame from its yard at Egersund…
The world’s first subsea compression station is coming together in Norway— Elaine Maslin looks at the work ahead. Norway’s subsea laboratory is getting close to producing major results for Statoil and Aker Solutions. The two firms…
COLLOQUY: Editor's Column Beginning this month, we recognize the 25th anniversary of the Piper Alpha disaster. The Piper Alpha production platform was operated by Occidental Petroleum (Caledonia) Ltd. in the UK sector of the North Sea…
KrisEnergy has spudded the Tayum-1 exploration well in the Kutai PSC, offshore East Kalimantan, Indonesia, its partner Salamander Energy (23.4%) announced on 3 June 2013. The Tayum well is being drilled using the Randolph Yost jackup…
The Norwegian Petroleum Directorate awarded Statoil AS a drilling permit for well 6608/11-8, production license 128 in the Norwegian Sea, the agency announced on May 22, 2013. The well will be drilled from the Songa Trym drilling facility at position 66° 07' 39…
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