Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the…
While operators are in the business of producing oil and gas, their wells eventually produce sand. In addition to constricting the well’s oil and gas output, sand that reaches the topsides can damage critical equipment.Preventing sand production through completions is critical…
The overall dollar amount for offshore project sanctions so far in 2019 has already broken the $50 billion mark and is on pace to surpass 2014's total commitments of $78 billion in the near future, according to analysts Rystad Energy.Driven…
Dutch offshore contractor Heerema Marine Contractors said on Friday it has been assigned to help build the first and largest commercial offshore wind farm in the United States.Situated 14 miles off the coast of Massachusetts, the 800-megawatt…
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company…
Customer pressure for 20,000 psi-capable equipment has persisted for over a decade, yet no industry standards have been firmed up. This hasn’t stopped orders for such equipment, although some were later cancelled.Baker Hughes, a GE company,…
Norwegian testing and advisory company DNV GL said it awarded the Arkona Offshore Wind Farm with the project certificate.The certification was carried out according to the German Federal Maritime and Hydrographic Agency (BSH – Bundesamt für…
Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…
Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12-megawatt Coastal Virginia Offshore Wind (CVOW) projects in the U.S.'SOC in combination with Subsea 7, has been awarded its first US offshore…
First power from the floating wind farm project offshore Kincardineshire, Scotland began flowing in September, clearing the way for the full 50 MW build-out of the project by 2020, Kincardine Offshore Windfarm Ltd. (KOWL) confirmed.Principle…
Kwispaa LNG has entered the next phase of project development with the submission of the Project Description to the British Columbia Environmental Assessment Office and Canadian Environmental Assessment Agency.The Project Description provides…
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…
Frigstad Offshore reported Tuesday (28 November) that it had initiated a tender process with shipyards in Asia to price a new generation harsh environment semisubmersible drilling rig. The Frigstad D90TM AWD design has been developed over…
KBR has been awarded a project management services (PMC) contract by OMV Offshore Abu Dhabi GmbH on behalf of Abu Dhabi National Oil Co. (ADNOC) for management of the front-end engineering design (FEED) phase of the Hail & Ghasha Development project in Abu Dhabi…
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