Red Spider’s remote open close technology, eRed, has been deployed in Malaysia and Vietnam. Working with Petronas in Malaysia, eRed removed wireline runs from completion operations, and reduced wireline interventions in a highly deviated well…
BC Petroleum (a ROC, Dialog Group and Petronas venture) discovered 87m of hydrocarbon pay in multiple zones of the Balai-2 well off east Malaysia. Drilled to 2266m TD, Balai-2 targeted a shallow carbonate reservoir and a deeper series of stacked sandstone reservoirs…
As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…
Although Papua New Guinea has a strong economy resulting from exploitation of its extensive petroleum deposits and abundance of other natural resources ranging from minerals to forest products, the nation is one of the least developed countries in the Asia Pacific region…
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…
Due diligence period extended to February 8 West Vencedor (Photo: Seadrill)Seadrill and SapuraKencana have extended the validity period of its non-binding agreement to fold Seadrill's tender rig business into SapuraKencana Petroleum Bhd…
Chevron signs up for South China Sea acreageChevron China and China National Offshore Oil Corp. (CNOOC) have entered into production sharing contracts (PSC) for two exploration blocks in the South China Sea, the company announced on 16 January 2013…
EMGS wins contract for 3D EM data acquisitionBOA Thalassa vesselEMGS has received a Letter of Intent for a contract totaling approximately six months of 3D EM data acquisition in Asia. Final confirmation and award of the program is dependent on the customer's internal Tender Board approval…
Ex-Saipem CEO appointed Samsung Offshore COO Michel LaineSamsung Engineering has appointed Michel Lainé as chief operating officer of its newly established offshore segment, effective December 20, 2012.Lainé’s career in offshore began in 1982 with ETPM…
InterMoor opened a new mooring equipment yard at Loyang offshore supply base in Singapore. The facility provides storage and support for maintenance, preparation and mobilization.
Salamander Energy announced first oil at its Bualuang Bravo platform in the Gulf of Thailand. The Atwood Mako drilled development well BB-04-H, which is expected to produce 1500b/d. With a 15-well development planned, Salamander expects production to increase to around 14,000b/d in 2013.
Pipeline equipment and services provider TD Williamson opened its first office in Seoul, South Korea. The new office will enable the company to provide EPC customers with pipeline intervention and isolation technologies.
Wartsila has been contracted by China Oilfield Services to supply designs for six new ships, two platform supply vessels, and four anchor-handling tug supply vessels for the South China Sea and Bohai Bay.
BP has pulled out of Yacheng gas field in the South China Sea, selling its 34.3% stake to KUFPEC, a subsidiary of KPC, for US$308 million. Pending approval by CNOOC, the deal is expected to close 2H 2013.
Singapore’s Kreuz Subsea took possession of a new Saab Seaeye Panther XT Plus ROV displayed at OSEA 2012. Saab Seaeye boosted the ROV’s power management, offering 50% more power and reduced its size, requiring less deck space. Its 10 thrusters allow operation in currents greater than four knots…