Iran will invest US$16 billion to develop the offshore South Pars gas complex over the next 10 months, a natural gas company director said. Pars Oil and Gas Co. Managing Director Mohammadreza Zahiri said that most of the funding will come from domestic sources…
Höegh LNG has received commitment letters from five international banks for a $299 million limited recourse facility for the financing of the LNG floating storage and regasification unit (FSRU) and mooring system to be located offshore Labuhan Maringgai…
Innovating and being willing to do things differently could help save in excess of £100million of the cost of decommissioning its southern North Sea assets, says Anglo-French independent Perenco. But there is still plenty of scope for improvement…
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquired 30% interest in 20 ExxonMobil exploration blocks in the deepwater Gulf of Mexico (GOM). ExxonMobil remains operator with 70%. The blocks are about 111…
Ocean Installer won a contract from Shell UK for umbilical installation at the Bittern field, blocks 29/1a & 1b in the UK sector of the central North Sea, 200km east of Aberdeen. The company will install two new static umbilicals of 20.7km and 1…
Independent E&P firm Ithaca Energy has said it has agreed a farm-out deal with Shell UK, reducing its exploration spending commitments in the UK North Sea by $45million. The deal relates to licence P1792 containing the Beverley prospect…
Cal Dive International, Inc. has secured two contracts from Pemex worth a combined total of $188 million, the company announced on 15 May 2013. The scope of the first contract, which is worth an estimated $129 million, involves the procurement…
Subsea services and technology products company Cortez Subsea has announced plans for further growth in 2013 with three new appointments reflecting recent business success. Cortez Subsea was established in 2010 and achieved turnover of over £3 million in 2012…
Nexans has been awarded the production of the world’s deepest direct electrical heating (DEH) system by Subsea 7 for Chevron’s affiliated operated Lianzi field offshore Angola/Republic of Congo The Lianzi development will include the…
Petrovietnam gave an overview of its operations and plans for future development at the Offshore Technology Conference in Houston today. The company seeks to grow to meet the expanding energy needs of Vietnam. Dr. Do Van Hua, president and CEO of Petrovietnam…
Mechanical engineering group EnerMech announced at OTC in Houston that it has invested more than £13 million ($20.2m) as it steps up its drive to cement its presence in the US and Mexico. A recent move to a new 50,000 sq ft workshop,…
GE Oil & Gas is launching its next-generation SeaONYX blowout preventer (BOP) surface control system and operator interface at the 2013 Offshore Technology Conference (OTC). Designed for high-speed, reliable performance in the demanding deepwater drilling environment…
Brazil's state-owned oil and gas company Petrobras will sell its 20% stake in BP's Gila prospect in the US Gulf of Mexico, the company announced on 29 April 2013. Petrobras signed a Sale and Purchase Agreement (SPA) for its stake in exploratory blocks KC 49…
Tata Steel will demonstrate its ability to deliver pipeline solutions to some of the world’s most challenging and complex projects at this year’s Offshore Technology Conference (OTC) in Houston May 6-9 2013. As global demand for key…
After comprehensive third-party testing, Trelleborg Sealing Solutions now has 20 best-in-class materials qualified to stringent API and ISO specifications. The wide range of approved compounds, from elastomers to PEEK and PTFE based compounds…
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