Subsea hardware spending in 2014-18 is forecast to nearly double the size of installed subsea infrastructure, according to Douglas Westwood’s latest estimates. Matt Loffman sets out the detail. Douglas-Westwood forecasts subsea hardware capex will total US$117 billion between 2014 and 2018…
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…
Year in review: 2014 - OEDigital’s top stories Mozambique NG flow test. OE staff presents a look back at 2014’s top stories posted on OEDigital.com. It was a year filled with highs and lows…
Production from the Kinnoull field in the North Sea has started, operator BP said this morning. The Kinnoull field, BP's seventh and final major project in 2014, has been developed as part of the Andrew field area rejuvenation, extending production there by a decade…
Norwegian seismic acquisition technology firm Magseis has won a contract with Chevron North Sea. The contract is for seabed seismic acquisition in the UK sector of the North Sea using Magseis' proprietary MASS system and the Artemis Athene…
Gazprom has agreed to buyout its South Stream Transport partners Eni, Wintershall and EDF just weeks after the project, which was already in construction phase, was cancelled. South Stream Transport was owned 50% by Gazprom, with Eni holding 20%…
Petrobras is expected to propose a multi-FPSO development for the deepwater, pre-salt Santos Basin Iara area after submitting a declaration of commerciality to authorities. The Iara area, in block BM-S-11, 214-250km off the coast of Rio de Janeiro…
Lundin Petroleum's exploration well 6405/12-1 on the Lindarormen prospect is being plugged and abandoned as a dry hole. The well was in production license 584, 150km northwest of Kristiansund on the Norwegian coast, about 80km northeast of the Ormen Lange field…
Transocean's Sedco Express semisubmersible drilling rig arrived at the Oyo field in oil mining lease (OML) 120 to begin operations for CAMAC Energy, offshore Nigeria. The Sedco Express. From Transocean…
The Petroleum Safety Authority of Norway (PSA) has given Det norske oljeselskap ASA consent to use the Transocean Winner mobile drilling facility to drill two new subsea production wells on the Alvheim field. The Transocean Winner…
The deadline to apply in Mozambique’s fifth licensing round has been extended to 30 April 2015. The Institute of National Petroleum (INP), on behalf of the Government of the Republic of Mozambique, announced the extension for the competiive…
The Petroleum Safety Authority of Norway (PSA) is giving BG Norge the go-ahead to drill the exploration well 34/3-5 in the Jordbær Sør prospect, in the northern North Sea. The exploration well is located in production license PL 373 in the Tampen area…
Wärtsilä donated its Wärtsilä 20 engine to the Nelson Mandela Metropolitan University (NMMU) in an initiative to support and stimulate the maritime economy in South Africa. The donation handover. People in the picture from left to right…
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