AGR's board of directors has made internal promotions to appoint a new CEO and CFO, as current CEO, Åge Landro, moves on to a new role after 11 years with AGR. Svein Sollund, part of AGR’s executive team for eight years, has been appointed as CEO…
Keppel Offshore & Marine’s (Keppel O&M) wholly owned subsidiary Keppel Shipyard has secured a floating production storage and offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about US$89 million (S$125 million)…
The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom, Odfjell Drilling announced. The contract has a duration of approximately 20 weeks and an estimated contract value of US$40 million…
Electromagnetic Geoservices (EMGS) has received a letter of award (LOA) for a contract worth approximately US$4.2 million from an oil company for 3D EM data acquisition over their operated area in Malaysia. The two parties have entered into a two-year contract…
Soco International has signed a memorandum of understanding with PetroVietnam and SOVICO Holdings over potential exploration and production on Blocks 125-126, offshore Vietnam. Soco president and CEO Ed Story said: “SOCO began evaluation…
Image from Aqualis Offshore Aqualis Offshore has been awarded a contracted by Mekers Offshore Ltd. to supervise the construction of the Zhejiang-based company’s two new liftboats…
Otto Energy spudded the Hawkeye-1 exploration well offshore Palawan basin in the Philippines on 31 July. The 36in conductor was run to 1906m and the 26in hole subsequently drilled to 2449m. Current operations are to cement the 20in casing string…
LR Senergy has been awarded a number of contracts worth a combined US$7 million in the Middle East, Europe and Asia. The new contracts include work with Abu Dhabi Marine Operating Co. (ADMA-OPCO), the Kuwait Energy Co. and Dragon Oil These…
Despite the downturn, plenty of development is underway in Southeast Asia. Audrey Raj sets out the detail. Bach Ho oil field in Cuu Long basin. Photo from PetroVietnam. Despite the fall in oil prices…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
Offshore assets in the South China Sea are ripe for further development, but territorial challenges are common. Focusing on Vietnam, Jeannie Stell talks to Quynh Anh, partner at Mayer Brown, for an overview of the political conditions, contract…
Japan’s Agency of Natural Resources and Energy has chosen Tokyo-based operator Inpex to drill an exploratory well in the country’s offshore waters in the Sea of Japan. Exploratory drilling will take place from May to August 2016, 80-86mi…
Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by PETRONAS Carigali for the tie-in of PETRONAS first floating liquefied natural gas (PFLNG1) facility to KAKG-A platform. The platform…
The Institute of Marine Engineering, Science & Technology (IMarEST) appointed David Kelly, currently head of marketing at IMarEST’s London headquarters, as director of Asia-Pacific. The new position, based in Singapore, will be taken…
Red Emperor Resources NL announced that it has received formal notification from the Department of Energy of the Republic of the Philippines that approval of the assignment of the company’s 15% working interest in Block SC55 has been granted…
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