UK-based consultancy Crondall Energy has been awarded a contract with a consortium of Aker Solutions and Subsea 7 for the Ophir Energy Fortuna Project in West Africa. The award is to provide technical support to the competitive upstream…
In a new global gas analysis, Wood Mackenzie remarks that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision (FID) in 2015 and 2016 has not reduced significantly…
Japan's INPEX has submitted a revised development plan for the Abadi LNG project offshore Indonesia. Inpex says greater volumes of gas than thought have been confirmed, leading to a larger floating liquefied natural gas (FLNG) proposal now being developed…
Van Oord has been taking its engineering expertise in the dredging sector and applying it to the oil and gas business – with much success. Elaine Maslin reports on a first in deepwater and a new market. Van Oord’s new rock installation vessel…
Image: Delfin LNG Bechtel announced it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corp., to perform front-end engineering and design (FEED)…
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…
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…
Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse floating liquefied natural gas (FLNG) development, offshore Western Australia. Wood Group Kenny (WGK)…
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…
Houston-based Excelerate Energy received authorization from the Federal Energy Regulatory Commission (FERC) for the Aguirre Offshore GasPort project offshore Puerto Rico.Image from Excelerate. After nearly four years of environmental reviews…
Shell's acquisition of BG Group has cleared another major hurdle - unconditional merger clearance from the Brazilian competition authority (CADE). The clearance follows CADE’s initial approval of the combination on 8 July 2015, and…
Analysts at Douglas Westwood say despite a current pause in commitments to new projects, the capital expenditure (capex) for Floating LNG (FLNG) vessels is expected to amount to US$35.5 billion over 2015-2021. Spending on floating, storage…
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…
Wood Mackenzie has evaluated the competitive position of the three largest Russian oil and gas producers at US$60/bbl oil and their strategic action taken to date. In 2014, the Russian majors' share price performance was hit harder by…
Two consortia of oil services companies have been selected to compete for an EPIC contract on Africa's first floating LNG project through two front end engineering and design contracts. The move will pitch McDermott Marine Construction…