Saudi Aramco Energy Ventures is investing US$30 million in Siluria Technologies, a pioneer commercial production of fuels and chemicals made from clean and abundant natural gas. Siluria announced the initial close of its Series D financing round with this news on 20 August…
ENI has confirmed a contract with Malaysia's Bumi Armada for an FPSO to be used on its deepwater East Hub field, in Block 15/06 offshore Angola. The contract, worth in total about US$3 billion, is a 12 year charter with eight yearly…
Mex Gas Supply (MGS), a subsidiary of Mexico's Petroleos Mexicanos (Pemex) has a formed an alliance with Switzerland’s Mercuria, financed by JPMorgan.to import US-sourced natural gas. On 8 August, Geneva-based Mercuria Energy Trading…
The American Petroleum Institute (API) released comments urging the Bureau of Ocean Energy Management (BOEM) to consider all Outer Continental Shelf areas for inclusion in the government’s offshore oil and natural gas leasing program for 2017 – 2022…
BP Trinidad and Tobago LLC (BPTT) announced the sanction of its Juniper offshore gas project off the southeast coast of Trinidad. The project will involve the construction of an unmanned platform and associated subsea infrastructure…
UK-based Cluff Natural Resources (CNR) has been awarded three Conditional Underground Coal Gasification (UCG) licenses, Options for Leases and non-exclusive Exploration Licenses for two offshore deep UCG prospects offshore Durham and Cumbria…
Aberdeen’s oil industry has pioneered global offshore harsh environment exploration, but it will need to “innovate its socks off” to maximize the North Sea’s remaining potential and remain competitive globally, a special SPE event in the Scottish city heard last night…
Statoil has said its three-well exploration campaign in the Hoop area of the Barents Sea has failed to make a commercial discovery after completing its final wildcat well on the Mercury prospect. Well 7324/9-1 on the Mercury prospect was in license 614 in the Barents Sea offshore Norway…
GDF Suez E&P UK has renewed its Integrated Services Contract (ISC) with Petrofac. The contract covers operations, maintenance and engineering services support to GDF SUEZ E&P UK throughout its operations in the UKCS, including Cygnus, the…
Eni made a gas and condensates discovery in the Nyonie Deep exploration prospect in block D4, about 13km from the coast of Gabon. ENI estimates initial potential in place is 500MMboe. The discovery was made in the pre-salt of Gabon through the NFW Nyonie Deep 1 well…
Girish U. Pai, Devendra Awadhiya and Zubin Fatakia discuss the evolution of safety case in designs for offshore platforms. Offshore installations are exposed to nature’s fury all the time. The operations involve handling very heavy modules weighing tens of thousands of tons…
As a part of creating production, here is a subsea production tree that mounts at the well head. Source: FMC Technologies Peter Welander examines how the challenges of networking disparate elements are intense…
Cheniere Energy Partners L.P. reported its 2Q 2014 results today, with updates on the progress of liquefied natural gas (LNG) facilities on the US Gulf coast. The company reported a US$226.2 million loss for the 3 months ending 30 June 2014…
Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN) has contracted with Qingdao Wuchuan Heavy Industry’s shipyard in northern China to build the world's first compressed natural gas (CNG) carrier…
Petrofac secured a contract worth approximately US$8.4 million with the BP-operated Shah Deniz 2 project to provide their maintenance build capabilities. The contract covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea…
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