Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
Saipem has opened its new Edmonton indoor fabrication yard in Alberta, Canada. The new facility will allow Saipem to accelerate project delivery by maintaining workforce activity and a safe working environment during bad weather. The yard is northeast of Edmonton…
Rosneft, Gazprombank, Sovcomflot and Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding on key terms of cooperation to establish shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East)…
Statoil and its partners Centrica and ExxonMobil have decided to extend production at the Statfjord A platform in the North Sea until 2020. Statoil said an active drilling program was contributing to the continued maturation of recoverable reserves on Statfjord…
ClampOn has been awarded a contract from Saipem for the supply of ClampOn Subsea CEM, Corrosion-Erosion Monitors. This is one of the largest contracts received by ClampOn to date. The CEM systems will be configured with the firm's…
Sea Trucks Group has won a contract from Daewoo Shipbuilding and Marine Engineering (DSME) to provide an accommodation vessel for the Arkutun-Dagi Project, operated by Exxon Neftegas Limited, in Sakhalin, Russia. Sea Truck’s Jascon 25 vessel will be used for the project…
North Sea focused independent EnQuest's US$3.2billion plan to develop the Kraken heavy oil field has been given the go ahead. Kraken is in 108-125m water depth, about 135km east of Shetland, and is estimated to contain 137MM bbl gross reserves…
Technip was awarded contract work from Statoil for a subsea project related to the Edvard Grieg field, in PL338, Block 16/1 in the North Sea, about 180 km west of Stavanger, Norway. Statoil has made a call-off for the framework contract Technip has with Statoil for diving services…
Beijing-based PetroChina Co. Ltd. announced that two of its subsidiaries will purchase the Peruvian assets of Petrobras for US$2.6billion (HK$20.16billion) according to a statement sent to the Hong Kong Stock Exchange (SEHK) on 13 November 2013…
International tidal technology and project developer Atlantis Resources Limited bought MeyGen, Europe’s largest tidal power project. Atlantis already held 10% of the company developing the project, MeyGen Limited. It has now bought…
Natural gas from future multi-train LNG developments in Tanzania could now be destined for Asian markets. Singapore-based investor Pavilion Energy is to take a 20% in the joint venture partnership looking to develop natural gas finds in Blocks 1…
Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd. The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte…
Petroceltic International has said its Cobalcescu South-1 exploration well in the Romanian Black Sea will be plugged and abandoned as non-commercial. The well was designed to test a prospect located in the southwestern part of the Est Cobalcescu (Block EX-28…
Engineering group AMEC has been awarded the hook up and commissioning (HUC) support contract for GDF SUEZ E&P UK Ltd’s Cygnus gas field development. The HUC support contract for the four Cygnus platforms follows on from a front end engineering…
Petroleum Geo-Services (PGS) says it has completed the first full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer seismic. The program consisted about 3000 line km of seismic and towed streamer EM data, acquired over a four week period this summer…
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