Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…
The Fennica icebreaker vessel that Shell planned to use as part of its Chukchi Sea drilling operations had to return to Dutch Harbor in Alaska to undergo repairs after its hull was breeched, Finland-based Arctia Offshore reported today (7 July)…
The US$70 billion Shell and BG Group merger cleared Brazilian regulatory approval, bringing it a step closer to its set completion date of early next year, according to a Reuters report. Brazil's Libra field activity…
While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…
Analysts at Douglas Westwood say despite a current pause in commitments to new projects, the capital expenditure (capex) for Floating LNG (FLNG) vessels is expected to amount to US$35.5 billion over 2015-2021. Spending on floating, storage…
Dolphin Geophysical continues its seismic operations in Australia on the Northwest shelf by initiating a large 3D SHarp broadband multi-client (MC) survey covering approximately 15,000sq km. In cooperation with TGS and supported by major oil companies…
The 2010 Deepwater Horizon spill came back to haunt BP once again in 2Q 2015, as the company reported a massive loss of US$6.3 billion, largely due to the deadly Gulf of Mexico incident. Bob Dudley…
Royal Dutch Shell made the final investment decision (FID) to advance the Appomattox deepwater development in the Norphlet formation in the Gulf of Mexico (GOM). The project includes the construction and installation of Shell’s eighth and largest floating platform in the GOM…
Shell Philippines Exploration agreed to a one-month extension for the firm period for the provision of Prosafe’s Safe Astoria accommodation support vessel at the Malampaya Phase 3 Depletion Compression Project offshore the Philippines. The total value of the firm extension period is US$5 million…
Sanctions on Iran’s oil production look set to be lifted after the country and six world powers finally reached a deal over the country’s nuclear program. The agreement, reached after two years of discussions, following a 12-year stand…
Technip Samsung Consortium has been named as the front-end engineering contract for the Browse floating liquefied natural gas (FLNG) project in Australia, operated by Woodside. The Browse project will comprise three FLNG units, used to develop the Brecknock…
The US Coast Guard (USCG) reported that the Noble Discoverer drillship has left the Port of Everett, Washington, in the early morning hours of 30 June, and is now Arctic-bound. Thus bringing Shell closer to its Chukchi Sea drilling season…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…
Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing the world’s largest turret mooring system. At almost 100m-high, weighing more than 11…
SBM Offshore has divested a 45% stake in the FPSO Turritella to Mitsubishi Corp. (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line). MC purchased 30% stake and NYK Line purchased 15% stake in the joint venture companies incorporated for the purpose of owning and operating the vessel…
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