Tanzanian Petroleum Development Corp. (TPDC) awarded ION Geophysical Corp. a contract to acquire 4058km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region. The award follows an international tender…
JGC Corp awarded ABB a US$50 million contract to supply the electrical system for one of the world’s first commercial floating liquefied natural gas (FLNG) facilities, and the second to be owned by Malaysian oil and gas company Petronas, the PFLNG2…
Eleven Japanese companies including oil and gas exploration firm Inpex have joined forces to create a new firm focused on methane hydrate extraction. Japan Methane Hydrate Operating Co., (JMH) was formally established 1 October specifically…
African Petroleum Corp. announced that it has entered into an agreement with Buried Hill Africa Ltd. to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration…
Noble Corp.’s drilling rig, Noble Paul Wolff (pictured), experienced a “ballast control incident” off Brazil at 1 a.m. local time, the company reported 28 Feb 2014. The rig’s crew has secured the well, and Noble said that measures are underway to resolve the matter…
Petronas has reached the final investment decision(FID) for its second FLNG facility project, off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on 23 Jan 2014. Subsequently, Petronas has issued a letter of award for the engineering procurement…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round, Reuters news service reported on Friday. The licensing round offers 30 offshore areas, including 11 shallow water blocks and 19 deepwater blocks…
GE Oil & Gas won a contract to provide turbomachinery equipment for the Yamal liquefied natural gas (LNG) megaproject under development on the Yamal Peninsula in Russia’s northern Siberia region. GE will supply six Frame 7E gas turbines…
Chesapeake Energy Corp. chose Robert Douglas Lawler, Anadarko’s senior vice president of international and deepwater operations, to replace Aubrey McClendon. Svein Arild Killingland joins Norwegian Energy Co. (Noreco) as its CEO, succeeding Einar Gjelsvik…
For many years it’s been clear demand is rising – and that trend has stayed consistent – but there has been a lot of change in where the supply is coming from. BP estimates that global energy demand is likely to grow by more than a third between now and 2030…
Saipem and JGC fight for Abadi FLNG contract Click to view largerSubsidiaries of Saipem and JGC Corp. have won FEED contracts for Inpex's Abadi FLNG facility off Indonesia, Inpex announced on 23 January 2013.PT Saipem Indonesia and PT…
Tullow has reached an agreement for 40% operating interest in Houston-based Hyperdynamics' offshore Guinea concession, the two companies announced on 20 November 2012.In late October, Tullow expressed interest in joining the concession. Hyperdynamics…
Map of offshore block KG-DWN-2004/6 Inpex will return to India for the first time since 2008 after acquiring 26% interest in Oil and Natural Gas Corp (ONGC)'s deepwater play in the Bay of Bengal, the company announced on 5 November 2012…
When KBR bought out JGC's near 45% stake in MW Kellogg earlier this year making it a wholly-owned subsidiary, the resulting ‘London Operating Centre' – combining major UK bases in Greenford and Leatherhead with over 2600 staff – emerged as KBR's largest entity globally…
LNG business took a hit last year as the economic downturn put the brakes on global natural gas demand just as US shale gas output started to surge. Infield Systems’ Peter Kiernan reviews the changing gas market fundamentals and assesses the…