Schlumberger and Ophir have terminated discussions over a move which could have given the oilfield services firm a 40% stake in the Fortuna floating LNG development offshore Equatorial Guinea. Earlier this year, Schlumberger had reached a heads of terms agreement with Ophir over the project…
Subsea mooring specialist, First Subsea, has achieved American Bureau of Shipping ABS 2009 Approval for its larger R4 steel forgings up to 562mm diameter. According to First Subsea, these are the largest diameter forgings to have received the approval…
In this video, Statoil shows the Aasta Hansteen platform taking shape in the Norwegian Sea. Earlier this month, the third mega block was lifted into place, weighing 5700 tons. The hull will be 200m long and have a diameter of 50m…
McDermott International has successfully completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore. Image of Delta House…
Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations in the next few days. Image of the FPSO Prof…
Sterling Energy UK has issued a notice of withdrawal from the Ambilobe block, offshore Madagascar to its joint venture partner Pura Vida Mauritius. Following the withdrawal, Sterling will cease to be the operator of the Ambilobe block…
Subsea distribution systems specialist UNITECH has deployed its 3000th UH-500 Series connector on the Total E&P Congo-operated MOHO Nord subsea project, located around 75km off the coast of Pointe Noire in the Republic of Congo. First introduced in 1996…
Russia's Lukoil gas started driving in marine risers at the Vladimir Filanovsky field in the Caspian Sea, ahead of planned development well drilling operations. Risers, required to reinforce wellheads, ensure circulation and environmental safety at drilling operations…
Petrofac has been awarded a duty holder contract from BP to support the late life management of the Miller platform, in the UK central North Sea. The contract is for 'life of asset' but has a four-year ceiling at which point extension options will be reviewed as required…
Paris-headquartered subsea and engineering house Technip has come out of Q1 2016 with a better than expected profit, but its CEO expects front end market activity to remain damp until late-2016, early 2017. Meanwhile, Subsea 7 has seen…
Wood Group has won a new five-year contract with BP-operated projects, valued at US$500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement…
Italian firm F.lli Righini has been awarded a new contract by BP for four umbilical handling and lay packages in the Caspian region. The contract, awarded by BP's Shah Deniz business unit, is for the Shah Deniz Phase 2 project in the Caspian Sea…
German multinational Siemens has received its largest order for its 7MW turbine to date. The company is to supply, install and commission 102, 7MW wind turbines, each with a rotor diameter of 154m, for the East Anglia ONE project, led by ScottishPower Renewables…
Seadrill has sold its remaining stake of approximately 490 million shares in SapuraKencana in a US$195 million deal. The proceeds from the share sale will provide additional liquidity and will be used for general corporate purposes. Earlier this month…
Technip has signed an additional four-year extension of its five-year initial contract signed in January 2011 with Petrobras for its Flexible Pipes Logistic Base (BAVIT), in Vitória, Brazil. The scope covers storage, handling, inspection…
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