The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
CNOOC Ltd. began production at its Wenchang 13-6 oilfield, offshore the Western South China Sea. The Wenchang 13-6 oilfield, located in the west of Pearl River Mouth basin has an average water depth of approximately 120m. The main…
Cylindrical floating vessel firm Sevan Marine says it has a positive outlook with multiple leads for its technology, including FLNG technology and potential deals for floating production units on Premier Oil’s North Sea Bream field and Shell’s Penguins…
Dubai's Drydocks World has successfully completed turret modules 1 and 2 for the world’s largest floating liquefied natural gas (FLNG) facility. This innovative FLNG facility will be stationed at Shell's Prelude gas field off the northwest coast of Australia…
Weighing an impressive 4300-tonnes, the largest piece of the turret for Shell’s Prelude floating liquefied natural gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea. When complete…
Frank Verhoeven Boskalis is eyeing an increasing role in offshore oil and gas and renewables projects—including the potential to dry dock floating production vessels at sea. Elaine Maslin found out more…
Rendering of Shell's Prelude FLNG. Photo from Shell. Vinson & Elkins’ David Lang and Paul Greening discuss determining whether and FLNG facility can receive limitations of liability for maritime claims…
Australia-head quartered WorleyParsons has agreed a memorandum of understanding (MOU) with Wison Offshore & Marine to jointly work on ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects, targeting Australasia…
Santos (40%) and GDF SUEZ (60% and operator) have said that the Bonaparte LNG project partners will consider other potential development options, in addition to the floating LNG concept, to develop the Petrel, Tern and Frigate natural gas fields…
Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…
Research into second-order rolling on floating LNG vessels has led a joint industry project (JIP) involving 19 companies, including majors, and picked up an industry award. The JIP is being managed by Bureau Veritas and follows a paper…
Houston’s Wison Offshore and Marine presented two concepts to the Pandora LNG joint venture partners for development of the Pandora gas field offshore Papua New Guinea, Cott Oil and Gas (40% interest) announced on 2 June 2014. Wison was…
Marine terminal service company Smit Lamnalco believes it has an important contribution to make as new safety regulations for floating gas terminal facilities are drawn up. Group Business Development Manager Andrew Brown points out that although…
In a new report, Visiongain values the global FLNG market at US$11.845 billion in 2014. They forecast strong expansion over the next five years, reaching peak levels of CAPEX in 2018. In the second half of the 10-year forecast, visiongain thinks that spending will decline slightly…
Royal Boskalis Westminster N.V. announced at the Offshore Technology Conference in Houston that it has started a study into a new ultra large V-class Heavy Marine Transport Vessel (HTV). Dockwise Vanguard, which came into service early 2013…
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