Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…
CNOOC began production at its 100% owned and operated Jinzhou 9-3, offshore China. Image from CNOOC. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai in 6.5-10…
Cobalt International Energy appointed Shashank V. Karve as executive vice president, Cameia development. Karve joined Cobalt in December 2014, and is accountable for execution of the Cameia development project to production, ensuring safe…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
COSCO (Dalian) Shipyard awarded Huisman a contract for the delivery of four customized 400mt rope luffing knuckle boom cranes and two 100mt knuckle boom cranes onboard four new subsea support vessels (SSVs) for Maersk Supply Service. MT 6027…
DNV GL has opened up a new office in Nanjing to support business growth in the area and be the center for operations in Central China. DNV GL celebrated the opening of its new office in Nanjing. Image from DNV GL…
ConocoPhillips has started drilling on the third well in its Barossa area exploration campaign, Barossa-4, in the Bonaparte basin, offshore Australia's Northern Territory. The latest well follows the Barossa-3 appraisal well…
North Sea oil independent EnQuest is expecting its 2015 production to be at least 10% above previous expectations, and announced a 40% cut in capital spending, easing concerns the firm could breach debt covenants. EnQuest said 2014 production was up 17% compared to 2013…
China’s CIMC Raffles completed its first Arctic-operable semisubmersible for client North Sea Rigs at its Yantai yard, the company announced on 19 January. CIMC Raffles designed the semisub together with Global Maritime. The North Dragon…
The Binh Minh 2 vessel completed a 3146km 2D seismic acquisition program in the Santos-operated SS-11 block, offshore Bangladesh. Block SS-11 covers an area of 4475sq km in the Bay of Bengal over the Bengal Fan. The majority of the block lies in shallow waters of up to 200m…
Chevron’s Australian subsidiaries signed a binding sales and purchase agreement (SPA) with SK LNG Trading (SK), in which SK will receive 4.15 million-tonne of liquefied natural gas (LNG) over a five-year period starting in 2017. Gorgon LNG site…
French vessel operator Bourbon has commissioned three new next-generation heavy duty work ROVs (remote operated vehicles) designed by FMC Technologies Schilling Robotics. Capable of operating at depths of up to 3000m, the units will be deployed on multi-purpose support vessels (MPSV)…
Luxembourg-based Maritime Construction Services’ subsidiary New Orient Marine awarded Keppel Singmarine a US$200 million contract to build an ice-class multi-purpose vessel. The ice-class vessel will be designed to operate in temperature…
Mubadala Petroleum’s US$300 million Manora oil development is now producing from five wells in the northern Gulf of Thailand. The Atwood Orca jackup. From Atwood. The Manora oil field is located within the G1/48 concession…
A new oilfield consultancy has been launched by GE Oil & Gas and McDermott International to “transform the development of front-end solutions for offshore fields.” Io oil & gas consulting, deliberately spelled without capital letters by the firms…
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