EPCI contractor McDermott International and Accra, Ghana-based Hydra Offshore Group have joined forces to create a new joint venture called, McDermott Marine Construction Ghana Limited (MMCGL), focused on opportunities offshore Ghana. McDermott's partner…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
InterMoor completed replacing critical components in an floating production unit (FPU) mooring system offshore Equatorial Guinea, enabling the prime contractor, Boskalis, to expand the InterMoor work scope. The Zafiro Producer…
In a typical year, Petrofac designs, builds, operates and maintains about 100 oil and gas projects, usually with six projects going at the same time. So its top managers, like Ayman Asfari, the company’s chief executive, know the industry very well…
After four months of preliminary work alongside, FPSO Petrojarl I moved on 16 April 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull. In all, the vessel will spend a year at DSR before heading off to the South Atlantic…
AGR has been awarded a well engineering and operational support services contract with DEA Norge. The contract covers support in well planning and operational execution and consultancy manpower to DEA’s drilling projects on the Norwegian continental shelf (NCS)…
Royal IHC named and launched the Sapura Jade pipelaying vessel in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. Image from Royal IHC. The naming…
A DNV GL-led subsea production systems (SPS) joint industry project (JIP) involving 20 industry players has made a major step forward in addressing this global industry with the first issue of a recommended practice (RP). “The JIP group…
The Schahin Group filed for bankruptcy for its engineering unit as it seeks protection from creditors, according to news agency Bloomberg. Schahin holds 28 diversified companies and about US$2.12 billion in debt. However, Schahin’s oil and…
Karoon Gas Australia confirmed a 213m gross oil column at its Echidna-1 well offshore Brazil. The Olinda Star. From Karoon. The exploration well is located in the Santos basin…
UK-based engineering firm Plexus secured its first contract with Cardon IV, a gas license granted by the Ministry of Petroleum and Mines of Venezuela to Eni and Repsol. The contract covers the supply of mudline suspension equipment services for a development well offshore Venezuela…
Ezra Holdings’ subsea services division, EMAS AMC, has won multiple new awards from various oil and energy companies worth approximately US$55 million. The Lewek Constellation. From EMAS. The scope of work includes project support…
Petroleum and energy minister Tord Lien opened the Valemon gas and condensate field in the North Sea on 16 April. Expected recoverable reserves from the field are 192 MMboe. Valemon ribbon cutting…
Germany's Wintershall is stepping up its activities in the southern North Sea, the company has announced. In addition to an extensive drilling campaign in the Netherlands, the UK and Denmark, the company intends to take its natural gas and crude oil discoveries into the production phase swiftly…
Technip is to help design China's first tension leg platforms (TLPs) under a contract with joint venture partner China Offshore Oil Engineering Co. (COOEC). Image from CNOOC. The…
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