2H Offshore invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region. “The subsea oil and gas industry in Asia Pacific continues to grow rapidly,' says Hugh Howells…
McDermott International has concluded the transportation and installation of a Yoke-type single point mooring tower and hook-up to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Keppel FELS Ltd., a wholly owned subsidiary of Keppel Offshore & Marine Ltd., is ready to deliver the Jindal Explorer, a KFELS B Class jackup drilling rig to Star Drilling Pte. Ltd., an associate company of India’s D P Jindal Group (Jindal)…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
Oil production has started at from a previously undrained compartment at OMV’s US$255 million Maari redevelopment, located around 80km off the Taranaki coast of New Zealand. The MR-8A well, the second in the drilling campaign, was side…
PTTEP International awarded Electromagnetic Geoservices ASA (EMGS) a US$7 million contract in Thailand and Myanmar. In October, EMGS received the letter of intent for the 3D EM data acquisition. The survey will be done using the vessel BOA…
SBM Offshore is selling its DSCV SBM Installer, a diving support and construction vessel (DSCV) to joint venture OS Installer AS for US$150 million in cash. The SBM Installer. From SBM Offshore. Both…
CNOOC Ltd. began production at its Panyu 34-1/35-1/35-2 project in the South China Sea. Image from CNOOC. Panyu 34-1/35-1/35-2 is located in the Pearl River Mouth basin in a water depth range of 195-338m…
Singapore-based KrisEnergy is about to recieve the Cendor mobile offshore production unit (MOPU) Marine Contracting moves it the from the Cendor field, offshore Malaysia to Batam, Indonesia for upgrade work. Marine Contracting moving the Cendor MOPU…
Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…
The global fleets are growing – not least in order to cater for new deep water challenges. Fred Tholen takes a look. Subsea 7’s new heavy construction vessel, under construction in South Korea…
Offshore oil and gas mega projects are increasing in scale and cost. Some 41% of ExxonMobil’s 2015 capital spending for projects under construction in 2015 is likely to be directed to one project alone. Neda Djahansouzi, Energy Researcher…
Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna. The move, led by Saudi Arabia…
Petroleum Geo-Services (PGS) will relocate its regional headquarters from Singapore to Kuala Lumpur, Malaysia, next July as part of the company's plan to restructure its Asia Pacific business. 'Kuala Lumpur is the hub of the vibrant…
Mumbai-based Essar Oil Ltd. announced the appointment of Manish Maheshwari as the new chief executive officer of the company’s exploration and production business. New CEO Manish Maheshwari. Photo from Essar…