OAO Yamal LNG closed on a contract to supply China National Petroleum Corporation (CNPC) 3mtpa LNG annually for 20 years from the Yamal LNG project in the Russian Arctic, according to Yamal LNG majority shareholder OAO Novatek. CNPC bought…
This week, Technip officially opened its new, state-of-the-art automated vertical helix assembly machine on Walker Riverside, Newcastle. Elaine Maslin went to see why and how it works. Umbilical and flexible pipe manufacture has become…
Hess Corporation is set to complete its transition into a pure-play exploration and prodution company after agreeing a deal to sell its retail business to Marathon Petroleum Corporation for US$2.6 billion. Hess says the business unit…
Norway's Westcon is to start its 20th year as a rig modification yard by welcoming the world’s largest jack-up rig Maersk Intrepid (pictured). The newbuild jackup, which built at Keppel FELS' yard in Singapore for Denmark's Maersk Drilling and was completed in March…
Douglas-Westwood (DW) forecasts global subsea hardware capex will total US$117 billion (bn) between 2014 and 2018. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations were lower than expected…
Lundin Petroleum has started drilling of appraisal well 7120/1-4s in PL492 on the Gohta discovery, 155 km northwest of the Norwegian coast and 5.7 km northwest of the original Gohta discovery well. The well's main objective is to test…
In its 2014 Atlantic hurricane season outlook issued today, National Oceanic and Atmostpheric Association’s (NOAA) Climate Prediction Center is forecasting a near-normal or below-normal season. The main driver of this year’s outlook is the anticipated development of El Niño this summer…
Falklands-focused Rockhopper exploration has outlined plans to take over Mediterranean and North Africa-focused Mediterranean Oil & Gas in a cash and shares deal. The deal comes as Rockhopper looks to re-focus its portfolio after being…
Calgary-based Sterling Resources issued its 1Q results today, reporting US$20.5million revenue attributable to production from the Breagh gas field in the UK North Sea, and expenses of $2.6 million during the quarter. The average expected…
Ceona, SURF contractor with heavy subsea construction capabilities, has been awarded a contract for work in the Oyo oilfield offshore Nigeria from CAMAC Energy Inc. The Oyo Phase One expansion project includes installation and recovery of…
Petrobras announced today that it has confirmed the Sagitario well discovery (formally 1-SPS-98 / 1-BRSA-1063 -SPS) initially announced 25 February 2013 while in the drilling phase. Located in the ultra-deepwater presalt area of the Santos basin…
Norway's Aqualis ASA has won several new construction supervision, transportation & installation and marine warranty contracts in Asia. The total contract value is approximately US$11 million. Aqualis Offshore in Singapore has been awarded…
Following almost two decades of negotiation, Russia and China have agreed a deal to supply 38 billion cubic meters (bcm) per annum of gas from Gazprom's East Siberian fields into China via the Power of Siberia pipeline. Details on pricing…
Eni says it has successfully executed the appraisal campaign for the Agulha discovery, located in Area 4 offshore Mozambique. Area 4 is now thought to contain about 85Tcf of gas in place. The delineation was carried out through the Agulha 2 well…
Bids from Russia’s Gazprom and China’s China National Offshore Oil Corporation (CNOOC) have been included in the latest licensing round offshore Tanzania. The 4th Deep Offshore and North Lake Tanganyika Licensing Round closed on May 15…
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