Statoil Petroleum has signed master service agreements with Aker Solutions and OneSubsea Processing. The agreements form the basis for potential new engineering, procurement and construction (EPC) for subsea equipment in the medium term future…
Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North Sea, partner Det Norske said. Illustration of Johan Sverdrup…
Statoil awarded FMC Technologies a US$172 million engineering, procurement, and construction (EPC) contract for Phase 1 of the Johan Sverdrup field. The Johan Sverdrup field center. Image from Statoil…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
After four months of preliminary work alongside, FPSO Petrojarl I moved on 16 April 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull. In all, the vessel will spend a year at DSR before heading off to the South Atlantic…
Shell Gabon awarded Van Oord an engineering, procurement and construction (EPC) contract for the replacement of a dual 10km long oil export line. The EPC contract began this month and continues until summer 2015. The export line runs from the Gamba terminal…
SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well (LXM-101). The well 'significantly exceeded' pre-test expectations…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
Technip remains the most successful contractor on the UK Continental Shelf (UKCS) with 25 secured contracts over the past four years. These were the findings of the Energy Industry Council (EIC)’s latest report into contracting activities offshore Norway and UK based on EICDataStream…
Statoil and BP continue to the most active operators on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) according to the latest report from the Energy Industry Council (EIC). Image: Fig 1. The report, based on EICDataStream…
There are currently 271 projects proposed or under development on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) and a total potential investment of US$262.3 billion. These were among the topline figures according…
Abu Dhabi Marine Operating Company (ADMA-OPCO) has selected Technip for project management consultancy services on the Zakum field, offshore Abu Dhabi The contract will cover the engineering, procurement, and construction (EPC) phases of the Zakum Oil Lines Replacement Project-Phase 1 (ZKOL)…
Nexen Petroleum UK Ltd, a wholly-owned subsidiary of CNOOC, awarded AMEC a six-year contract to provide engineering, procurement, and construction (EPC) services for Nexen's North Sea offshore assets. The work will cover operational modifications and brownfield projects…
SOCO International announced that the Lideka East Marine-1 well (LDKEM-1) off Congo, which targeted a post-salt structure, updip from the Lideka Marine-1 well, found shows of oil in the Sendji formation (iS3). The well encountered about 50m of net pay section in the Upper and Lower Sendji…