Turkey-based Promer Consultancy and Engineering selected AVEVA’s Integrated Engineering & Design solutions for major engineering projects. AVEVA Everything3D. From AVEVA. In…
Lundin Petroleum has announced a US$1.45 billion 2015 development, appraisal and exploration budget - representing a 31% drop compared to its forecast 2014 spending. Spending on development projects will drop about 30%, to $980 million…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
Since June 2014, the oil price has been on a downward spiral. The price of West Texas Intermediate (WTI), a key global oil price benchmark, has more than halved and fell below US$50/barrel for the first time in 5.5 years yesterday (5 January)…
Aberdeen-based wellhead engineering firm Plexus Holdings has received purchase orders from Brunei Shell Petroleum to supply both high-pressure/high-temperature (HP/HT) and standard pressured wellhead systems and services for three additional exploration wells under an existing four year contract…
GlobalData’s Adrian Lara sheds light on the kinds of deepwater projects expected to advance while the price of oil continues to fall. Engineers from Jumbo Maritime deliver 25 MOF caissons for the…
The shallow waters of the Persian Gulf, also known as the Arabian Gulf, belie the plethora of offshore infrastructure – new and old – in the Middle East. Elaine Maslin probes beneath the waves. In 2005…
The landscape of risk will continue to change in 2015 for the offshore upstream sector. While new risks are expected to appear, many will remain familiar and consistent with recent years. Some of the biggest concerns are also likely to be eclipsed by potential opportunities…
The weather conditions west of Shetland are some of the harshest in the world, even without the help of hurricanes, typhoons and squalls. Elaine Maslin reports on how some companies are attempting to better understand the region. The…
Sarah Parker Musarra examines Israel’s Leviathan field’s potential and separates fact from misconception. The Tamar field, which was turned around from discovery into production in only four years…
As the offshore industry grows in complexity – in terms of projects and geographies – software is playing an increasing role in engineering, both to aid engineering and collaboration, as projects increase in complexity and diversity. Meg…
Golar LNG awarded Keppel Shipyard a US$705 million contract for the conversion of a second Moss liquefied natural gas (LNG) carrier, the GIMI, into a floating liquefaction vessel (FLNGV) for Golar’s subsidiary Golar Gimi. Image of Keppel Shipyard…
Arctech Helsinki Shipyard has moved into full Russian ownership after United Shipbuilding Corporation bought the other half of the company's shares from STX Finland. Finland based Arctech Helsinki Shipyard was founded in December 2010…
Shanghai Zhenhua Heavy Industry Co. (ZPMC) awarded MacGregor a contract for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3000m of wire rope. All four cranes will be fitted to a new…
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