Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI)…
ExxonMobil reports that it signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corp. (Kogas) to hold discussions concerning natural gas technologies and new energy technologies…
CNOOC Limited has announced that the Luda 10-1 comprehensive adjustment project has commenced production. The Luda 10-1 oilfield is located in Liaodong Bay of Bohai with an average water depth of approximately 30m. In addition to fully utilizing the existing facilities of Luda 10-1…
West Texas Intermediate crude (WTI) fell below US$50/bbl, to $49.93/bbl, on 20 July for the first time since April, despite reports that Saudi Arabian exports have fallen to their lowest in five months. According to statistics published by the Energy Information Agency (EIA)…
Image: Heydar Aliyev/Maersk Drilling Maersk Drilling has been awarded a five-year contract extension for the semisubmersible Heydar Aliyev rig with BP Exploration (Shah Deniz) acting as operator of the Shah Deniz field…
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…
On 8 July 2015, the general secretary of Vietnam’s communist party, Nguyen Phu Trong, witnessed the signing of important cooperation documents between enterprises of Vietnam and the US at the US Chamber of Commerce. Nguyen Xuan Son, chairman…
Engineering firm Plexus' Asian joint venture with Integrated Petroleum Services, Plexus Products, has secured a PETRONAS license to manufacture and supply Plexus’ POS-GRIP wellhead equipment in Malaysia. Plexus believes that with the PETRONAS license secured…
The construction of EDrill-3 semitender rig in COSCO’s Guangdong shipyard is in the final phase of testing and commissioning, reports Energy Drilling. EDrill-3 is a four-column, Ocean Class design by MSC Gusto. Edrill-3, which was designed to work in both shallow and deep waters…
According to the Baker Hughes offshore rig statistics, Latin America’s rig count is 62, down from 69 a month ago and down from 70 a year ago. The Europe offshore count is holding steady at 48, the same as it was one month ago and one year ago…
First oil has been produced from the Mukta-B (MB), a four legged renewables-powered unmanned wellhead platform in the offshore Bombay basin, India. The project marked several firsts, including the use of green technology involving hybrid…
EMAS Offshore secured three new awards for charters with oil majors in West Africa and Thailand valued at more than US$24 million (including options). In West Africa, EMAS Offshore’s anchor dandling tug and supply (AHTS) vessel will be…
Seismic vessels are the lifeblood of global offshore exploration efforts. Jeannie Stell searches for bright spots in the current global market of seismic vessel activity. The Sanco Sword. From Dolphin Geophysical…
RigNet Inc., a Houston-based global provider of remote-managed offshore communications, telecoms systems integration services and collaborative applications to the oil and gas industry, was awarded a multi-year contract to deliver high-quality…
Engineering firm Plexus has agreed a collaboration deal with China Oilfield Services Ltd. (COSL), Red Sea Technologies (RST) and Plexus' Chinese licensing partner Yantai Jereh Oilfield Services Group, to explore for shallow water subsea and crossover wellhead production systems in China…
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