NEL’s Damian Krakowiak examines the potential of virtual flow metering technology and how better testing could enable its adoption. Validation needed. Photo from NEL. With the…
Map of North Malay basin, from Hess. Hess Corp. is ready to start production at its North Malay basin project offshore Malaysia in Q3 2017. The North Malay Basin Block PM302 is…
Petronas will relinquish Blocks 1 and 2 offshore Vietnam to host authority PetroVietnam once the production sharing contract (PSC) for the blocks expire on 9 September. Petronas subsidiary PC Vietnam Ltd.’s (PCVL) 26-year PSC for the blocks…
Oil production from the Oyong field offshore East Java, Indonesia, ceased in June as part of the Sampang Sustainability Project, according to partner Cue Energy. As part of the project, the field’s production has been switched to natural gas only…
Mermaid Maritime has been awarded two subsea contracts with a combined estimated value of US$4.6 million. The first contract award, with work scheduled to begin in Q3 2017, will involve a short ROV campaign for pipeline touchdown monitoring…
Keppel Corp. has revealed that its wholly-owned subsidiary Keppel Offshore and Marine’s (Keppel O&M) plans to deliver five rigs to Borr Drilling, and the world's first floating liquefied natural gas (FLNG) vessel conversion Image from Keppel…
Wison Offshore & Marine’s newly-developed floating storage regasification and power generation barge, the W-FSRP, has received approval in principle (AIP) from Bureau Veritas. W-FSRP. Image from Wison…
Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…
Petronas has given Enra a letter of award to provide condensate storing and offloading services for the Yetagun gas field, off Myanmar. The deal is between Petronas subsidiary PC Myanmar (Hong Kong) Ltd. (PCML), and Enra’s 60%-owned subsidiary…
Singaporean shipbuilder Jurong Shipyard has further extended its standstill agreement with North Atlantic Drilling Ltd. (NADL), which will delay the delivery of the West Rigel semisubmersible drilling rig for the fifth time. The Sembcorp…
Timor GAP, the national oil company of Timor-Leste, has identified 'world-class prospectivity' southeast of the island that the company believes to be a game changer for explorations in the region. Located in the Timor-Leste Exclusive Area…
BP has installed the topsides for the Shah Deniz Stage 2 quarters and utilities (QU) platform in the Caspian Sea, the supermajor announced this week, as the project inches closer to first gas in 2018. The QU platform topsides set sail…
Petrobras and CNPC have signed a memorandum of understanding (MoU) in Beijing to structure a strategic partnership. The MoU was signed by Petrobras CEO Pedro Parente, and Wang Dongjin, VP of CNPC and CEO of PetroChina. The MoU will…
Sevan Drilling has amended the delivery deferral period for the Sevan Developer cylindrical drilling rig until 30 June 2020, effective upon receipt of US$25.3 million plus interest from Cosco (Qidong) Offshore Co. Ltd. (Cosco). Sevan says that the receipt is expected by 31 July 2017…
The Taiwan Strait could be on the verge of an offshore wind boom. Elaine Maslin reports on ambitious targets and challenges. Image from iStock. Taiwan has set itself an ambitious offshore energy target…
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