Brazilian oil firm OGX, an EBX Group company, could face significant challenges in securing future investments and partnerships in the country, after its operations in the Tubarao Azul field yielded less-than-expected production rates, says an analyst with GlobalData…
RWE in Suriname RWE Dea signed a farm-in agreement with Petronas Suriname E&P BV, acquiring 40% interest in Block 52 off Suriname. The block is in the Guyana-Suriname Basin 120km off the northeast coast of South America in 100-1,000m deep water and has potential in Upper Cretaceous strata…
Petronas Carigali, E&P subsidiary of Malaysia’s national oil company, extended the contract for the jack-up Maersk Convincer by one year. The rig will be on contract with Petronas until mid-November 2014. As part of the drilling campaign offshore Malaysia…
Sabah Shell Petroleum Co. Ltd. received a semisubmersible floating production system (FPS) for Malaysia’s Gumusut-Kakap deepwater field offshore Sabah. The FPS was handed over to Sabah Shell in early June and is installed in about 1200m water depth…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
RWE Dea has signed a farm-in agreement with Petronas Suriname E&P BV, acquiring a 40% interest in the Block 52 license off Suriname. Under the farm-in agreement which is subject to completion, RWE Dea will acquire a 40% stake in the 4743sq km license…
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin…
As FLNG starts to take off on a large scale, a consortium of companies is looking to make it a more cost effective and compact proposition. A consortium of companies has designed a new floating LNG (FLNG) system specifically aimed at small to mid-size gas fields…
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…
Lebanon's Petroleum Administration has revealed the results of a pre-qualification process to select companies who will be able to bid in its first offshore exploration round. Of 54 companies applying to take part, 46 have been approved to bid in the round…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
Alam Maritim Resources Berhad announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, based in Kuala Lumpur, has accepted the award from Petronas Carigali Sdn Bhd, Peninsular Malaysia operations to provide two offshore support vessels (OSVs) to support Petronas’ drilling campaign…
Optio trains workforces Opito International has been awarded a contract with Shell to support the development of training for workers on the Majnoon project. The company will help improve vocational training centers in Basra, training Iraqis to industry expectations and Opito standards…
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…
McDermott will supply platforms and flowlines McDermott's Batam Island facilitiesMcDermott International's Indonesian subsidiary has been awarded a contract by PC Muriah Ltd., an affiliate of PETRONAS Carigali Sdn. Bhd., to develop offshore…
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