CNOOC Ltd has a new CEO, Li Fanrong, following Yang Hua’s decision to relinquish the post and devote more time to his role as president of the parent China National Offshore Oil Corporation. Li Fanrong, an engineer, was appointed president of…
Combining Alternate Path shunt tube technology with concentric sandface completion systems is improving operational efficiency and economics while bringing new life to old offshore wells in Malaysian waters. Here, Schlumberger's Shahryar Saebi and Sergey…
The latest addition to Tideway’s fallpipe vessel fleet was named Flintstone during a high-tech ceremony in Zeebrugge, Belgium, in July – but the vessel itself was 11,000km away in Singapore being readied for an inaugural assignment in Chinese waters…
A new steel wire rope plant is taking shape for Kiswire on the Malaysian coast with the present and future needs of the offshore industry very much in mind.Of the 130,000t of wire rope the company already produces annually, some 30,000t is…
It took a month to admit that there was an oil spill in China’s Bohai Bay, from June 4 – when it happened – to July 5 when China’s The Global Times, in an unusual reaction from a presumably government controlled newspaper, wrote: ‘We cannot…
For Fluor, America is only one land of opportunity. Recent contract wins for work offshore Australia, Southeast Asia and the Middle East have buoyed Fluor's backlog. Jennifer Pallanich talks to Fluor executives about recent contract wins and Fluor's offshore strategy…
March's Japanese earthquake, tsunami and resulting nuclear contamination at the Fukushima power plant spawned a disaster that will be hard to remedy or forget. As usual the events have had a number of dimensions, mostly unfortunate for that country no matter how developed and prosperous it has been…
The current state of development of methane hydrate resources – ‘from Mallik to the Nankai Trough' – was examined by an international symposium in Japan late last year. Two of the participants, Professor Andrew Palmer and Simon Falser from the…
With several major LNG projects under way locally and rising demand in neighboring Asian countries, Western Australia's premier Colin Barnett is presiding over a pivotal moment in the state's history. He talks to Russell McCulley about the LNG…
China constantly shakes many of the world's beliefs, for better or worse, from its economic growth to trade to human rights. There is no doubt that China will become before not too long the world's dominant economic power. It also provides an additional…
Companies across the offshore supply spectrum used the recent downturn to take stock – either out of necessity or for strategic reasons – in order to reposition themselves for when the upturn finally kicked in. OE looks at one such company,…
McDermott picked up a Bentley Systems innovation in construction award at the infrastructure software provider’s recent ‘Be Inspired’ gathering in Amsterdam for the early delivery of the Su Tu Vang central processing platform at the Cuu Long project offshore Vietnam…
LNG business took a hit last year as the economic downturn put the brakes on global natural gas demand just as US shale gas output started to surge. Infield Systems’ Peter Kiernan reviews the changing gas market fundamentals and assesses the…
It is perhaps the biggest social and economic challenge of the world today: how will China acquire sufficient energy resources, of oil and perhaps even more important, natural gas, over the next several decades? China’s energy makeup is still quite primitive: 70% of China’s energy comes from coal…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 74%; holding steady for the last three months at the bottom of a…
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