Even though the downturn has changed many operator’s initial plans, subsea tiebacks have emerged as the economical way to develop many Gulf of Mexico fields. Karen Boman reports. The North Ocean 105 lay vessel…
Private equity backed independent Alpha Petroleum Resources is targeting first oil from its UK North Sea Cheviot oil field in 2019, after entering agreements with floating production system provider Teekay. Alpha expects to achieve…
Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as a leading maintenance and modifications supplier offshore Norway. The agreement to buy Reinertsen's Norwegian oil and gas services business…
BW Offshore has completed a deal with Harvest Natural Resources for its stake in the Dussafu production sharing contract (PSC) offshore Gabon. BW Energy Gabon (BWEG) now holds a 66.67% working interest in the Dussafu PSC, while Panoro Energy holds the remaining 33…
Apache Corp. awarded Servelec Controls a contract to modify the fire and gas safety systems on the Beryl Alpha platform in the North Sea to enable the safe expansion of its current processing capability. Beryl Alpha…
Montreal-based engineering and construction firm SNC-Lavalin has expressed interest in acquiring UK-based engineering firm Atkins Global for cash consideration of £2.08 billion (US$2.6 billion). Neil Bruce…
With large-scale projects on hold, subsea tiebacks are accounting for 75-80% of sanctioned projects. Will it last? Elaine Maslin shares Wood Mackenzie’s view. Statoil’s Bryding tieback layout…
Petronas’ first floating liquefied natural gas (LNG) facility, PFLNG Satu, has successfully loaded its first cargo at the Kanowit gas field, offshore Sarawak. The first cargo was fully loaded onto the LNG carrier Seri Camellia which is expected to set sail for a South Asian market…
Melissa Sustaita provides an overview of activities slated for this year’s Offshore Technology Conference. An overview of OTC 2016’s exhibition hall. Photo from Offshore Technology Conference (OTC)…
While Southeast Asia has suffered during the downturn, a return to natural gas developments could drive sector activity over the next several years. Steve Hamlen sets out the details. Shell’s Gumusut-Kakap platform operating off the coast of Sabah…
Tackling costs head on with fresh no-nonsense thinking could prove a boon for struggling subsea developments. Elaine Maslin reports on a project that hopes to achieve just that. The Paragon B391…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
RockRose Energy has agreed a deal to acquire Egerton Energy Venture's share capital, in a move which will see it take over the firm's non-operated interests in the Galahad (27.8%) and Mordred (8.33%) gas fields in the southern North Sea. RockRose…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
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