The Skarv FPSO is BP’s first Norwegian greenfield project since 2001. Elaine Maslin explains the details. Sitting just 50km from the Arctic Circle in 350-450m of harsh waters, the Skarv FPSO is a milestone for BP. It is the firm’s first…
Hyundai Heavy Industries (HHI) has announced it won a US$1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy will carry out engineering, procurement, and construction…
Reliance Industries and BP plan to invest US$5 billion in deepwater gas development of the KG D6 block over the next three to five years. The plan proposed will develop about 4tcf of discovered natural gas reserves. The partners plan to optimize KG D6 through compression and water handling…
Tech talk. With the 44th Offshore Technology Conference in Houston just on the horizon, OE sought answers to the question, “What emerging technology will have a direct impact on the offshore market?” Our think tank had this to say: Subsea Asset Integrity…
Sweden's Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalized the acquisition of the UK company Ambler Technologies Ltd.The company, based in Lancashire, develops and produces composite…
Technip was awarded by Total E&P Congo a major (more than $500million) lump-sum contract for the engineering, procurement, supply, construction, installation (EPSCI) and pre-commissioning for the Moho Nord development project.This project is…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1…
API Director of Standards David Miller announced today the publication of two new oil and natural gas industry standards for well design and drilling operations.“Every industry standard we develop shares the goal of safely and responsibly producing more of the energy America needs…
Production from the Tamar field offshore Israel started at the weekend, it has been reported.Tamar field (Image: Delek)The gas from the field 80km offshore Haifa was expected to reach Israel’s port city of Ashdod by yesterday afternoon, Israel's Energy and Water Ministry said…
IHC Winches, part of IHC Merwede, has officially presented its 50-tonne fibre rope traction winch, known as IDsis, to the Dutch and Belgian offshore markets. The presentation on 20 March was attended by a large group of lifting specialists,…
BC Petroleum spud the Spaoh2 well last month. It will target a total depth of 2710m subsea, is the third well in a multiwell appraisal drilling program in the Balai Cluster off east Malaysia.
Production has begun from BP and Sonangol’s PSVM development in block 31, off Angola. The PSVM development, BP’s second operated development in the country, consists of four oil fields: Plutão, Saturno,Vénus, and Marte. Three wells at the Plutão…
A consortium made up of Eni and Kogas has won three deepwater blocks during the Republic of Cyprus’s second offshore licensing round. The consortium walked away with blocks 2, 3, and 9 in the Cypriot deepwater portion of the Levantine Basin…
Chevron subsidiary Cabinda Gulf Oil will proceed with the second stage development of the Mafumeira Sul project located in block 0, 24km off Cabinda, Angola in 60m of water. Scope of the US$5.6 billion project includes 50 wells, two wellhead platforms…
Marine Well Containment Company (MWCC) and Wood Group PSN today announced the formation of an offshore reserve response team.Made up of 100 select reserve operations personnel, the team will be activated should MWCC’s modular capture vessels…
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