EXMAR is ordering its second floating liquefied natural gas (FLNG) unit from China’s Wison Offshore & Marine. Wison's yard. From Wison. Wison will be responsible for the turnkey engineering…
Wood Group PSN (WGPSN) has been awarded a five year contract worth about $750million by BP for engineering, procurement and construction services on six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth…
Woodside advises that it has finalized an agreement with BP to farm in to offshore blocks in the Scotian basin, off the coast of Nova Scotia, Canada. BP accepted Woodside’s offer to acquire a 20% participating interest in exploration licenses 2431…
Ophir Energy signed a production sharing contract (PSC) with the Myanmar Ministry of Energy to finalize the award of Block AD-03, offshore Myanmar. Upon the terms of the agreement, Ophir will be the operator with a 95% interest in the 10…
While high development costs are deeming many Australian liquefied natural gas (LNG) projects economically unfeasible, the country should stay focused on these rather than gambling on floating liquefied natural gas (FLNG) technology too soon…
Stone Energy’s Cardona deepwater development in the US Gulf of Mexico came online in November ahead of its sanctioned schedule and under budget. Image from Stone Energy. Cardona is located…
Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…
Weatherford International plc signed a definitive agreement with an affiliate of the Lubrizol Corp. for the sale of the Weatherford’s engineered chemistry and integrity drilling fluids business. The businesses will be sold for US$750 million in cash…
Petróleos Mexicanos (Pemex) installed the CA-Litoral-A production processing and compression platform in the Tsimin-Xux development project in the Bay of Campeche, Gulf of Mexico (GoM). Image from Pemex…
Petrobras hit first oil with the floating production and storage offloading unit (FPSO) Cidade de Ilhabela in the Sapinhoá field in the pre-salt Santos basin, offshore Brazil. Cidade de Ilhabela. From BG Group…
BP awarded a US$200 million contract to Bredero Shaw's pipe coating division for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku, Azerbaijan. The contract…
Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…
While the specific terms of Mexico’s new contractual frameworks for its oil and gas industry are yet to be announced, the regime appears an attractive one and should be conducive to active bidding, according to an analyst with research and consulting firm GlobalData…
Singapore’s Keppel is in a deal with Malaysia’s Petronas to buy up to 1 million-tonne of liquefied natural gas (LNG) per year, over a period of 10 years. The deal is between Keppel Infrastructure Holdings through its indirect wholly-owned subsidiary…
Hydratight is offering safe hot bolting services on all types of flanged joints globally. The need to replace corroded or damaged bolts that are fitted to live pressurized flanges is a common problem for many offshore operators, who are trying to extend life of aging assets…
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