Instrumentation, monitoring, control and handling systems firm EFC Group has completed a £1.3million {$2.2million} contract to design and build a BOP and diverter control system for China based Dalian Shipbuilding Industry Offshore Co (DSIC Offshore)…
Independent oil firm Premier Oil is sticking to an eight-well exploration campaign in 2015, including its four-well campaign in the Falkland Islands, due to start in March, and its first well in the emerging Mandal High play offshore Norway…
In a year during which the oil price remained stable at circa US$100 per barrel until the last quarter when a significant collapse in commodity price began, activity levels in both the UK and Norwegian sectors have continued to show a distinct divergence…
The first new-build semisubmersible drilling rig incorporating Wood Group Mustang Norway's (WGMN's) GG5000 floating hull design has been delivered to COSL Drilling Europe (CDE). The COSLProspector was designed to operate in water depths up to 1500m (5000 feet) and drill wells up to 7600m (25…
Schnitger President Monica Schnitger urged oil and gas companies to explore and exploit the latest technologies to have successful projects at the 2014 Bentley Systems Year in Infrastructure conference. Meg Chesshyre has more. “I’m…
Woodside Energy and Adani Enterprises signed a memorandum of understanding (MOU) to identify, investigate and develop potential business arrangements and commercial initiatives in India’s LNG market. “India is an important emerging LNG…
Mexican national oil company, Petróleos Mexicanos (Pemex) took delivery of its first of two KFELS B Class jackup rigs from Singapore’s Keppel FELS. The Yunuen jackup. From Keppel. The…
McDermott International's Chinese joint venture Qingdao McDermott Wuchuan Offshore Engineering (QMW) completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems. The company is the prime contractor…
Turkey-based Promer Consultancy and Engineering selected AVEVA’s Integrated Engineering & Design solutions for major engineering projects. AVEVA Everything3D. From AVEVA. In…
Lundin Petroleum has announced a US$1.45 billion 2015 development, appraisal and exploration budget - representing a 31% drop compared to its forecast 2014 spending. Spending on development projects will drop about 30%, to $980 million…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
Since June 2014, the oil price has been on a downward spiral. The price of West Texas Intermediate (WTI), a key global oil price benchmark, has more than halved and fell below US$50/barrel for the first time in 5.5 years yesterday (5 January)…
Aberdeen-based wellhead engineering firm Plexus Holdings has received purchase orders from Brunei Shell Petroleum to supply both high-pressure/high-temperature (HP/HT) and standard pressured wellhead systems and services for three additional exploration wells under an existing four year contract…
GlobalData’s Adrian Lara sheds light on the kinds of deepwater projects expected to advance while the price of oil continues to fall. Engineers from Jumbo Maritime deliver 25 MOF caissons for the…