Lundin Petroleum AB is to increase its spending on new developments by 25%, to US$1.4 billion, in 2014. The majority of the cash (75%) will be spent on ongoing projects offshore Norway, with most of the rest being spent on the Bertram development in Malaysia…
Subsea inspection, repair and maintenance (IRM) group Harkand has ordered a new build dive support vessel and agreed an option for a second. The order has been placed with Norway's Vard Holdings Limited (VARD), with delivery of the first vessel scheduled for Q2 2016…
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…
The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea…
A semisubmersible drilling rig under construction at a yard in Korea is resting on the seabed after water entered the pontoon hull and the unit sank. The rig, Deepsea Aberdeen, is being built for Odfjell Drilling at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Korea…
Magnolia LNG, a wholly-owned subsidiary of Australia’s Liquefied Natural Gas Limited (LNGL) recently announced two advancements in the development of its 8mtpa-capacity, mid-scale liquefied natural gas (LNG) facility. Magnolia announced Dec…
Fugro will provide survey services in support of Subsea 7 Australia Contracting Pty Ltd’s heavy lift and tie-ins contract on Chevron’s Gorgon Project, located about 60km offshore Western Australia. The contract involves the provision…
Harris CapRock Communications has signed a multi-year contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) to provide an integrated telecommunications solution supporting the Mafumeira Sul project offshore Angola. Harris CapRock will provide equipment and design…
TGS announced the acquisition of a 3D multi-client seismic survey, The Nerites 3D, which covers 8,300sq mi in the Great Australian Bight, offshore South Australia. The survey is scheduled to commence in early January 2014, and will cover…
Prosafe was awarded a 60-day contract by Swiber Offshore Construction Pte Ltd for the provision of the semisubmersible Safe Astoria for operations in the Natuna Sea gas project’s facilities off Indonesia. Total value of the contract firm period is approximately US$6…
Navis Engineering has completed work on its latest project with Singaporean offshore specialist Miclyn Express Offshore (MEO), following the commissioning of the DP2 system on board the ROV and dive support vessel Resolution. After successful sea trials…
Technip and China's China Offshore Oil Engineering Co. Ltd (COOEC) have signed an joint-venture agreement in September. The five-year agreement will target deepwater engineering, procurement, construction and installation (EPCI) subsea umbilicals risers…
CNOOC Ltd.’s Qikou 18-1 adjustment project has recently commenced production. Qikou 18-1 oil field is located in the west part of Bohai with an average water depth of 10m. In addition to fully utilize the existing producing facilities…
Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…
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