In a new report, Visiongain values the global FLNG market at US$11.845 billion in 2014. They forecast strong expansion over the next five years, reaching peak levels of CAPEX in 2018. In the second half of the 10-year forecast, visiongain thinks that spending will decline slightly…
Royal Boskalis Westminster N.V. announced at the Offshore Technology Conference in Houston that it has started a study into a new ultra large V-class Heavy Marine Transport Vessel (HTV). Dockwise Vanguard, which came into service early 2013…
INPEX and Shell are investing in a project to construct a subsea optical fiber cable system incorporating the Ichthys and Prelude projects in Australia's Browse basin. The subsea fiber optic cable system, to be provided and operated by Nextgen Group…
Kongsberg Maritime provides this video on how its maritime solutions enable staff to control the GDF Suez Neptune LNG carrier. The DNV-classed Neptune, managed by Höegh LNG Fleet Management AS, was built by Samsung Heavy Industries and delivered to GDF Suez 3Q 2009…
Höegh LNG Holdings Ltd. has signed a letter of intent (LOI) with Egyptian Natural Gas Holding Co. (Egas) for the use of one of Höegh's floating storage and regasification units (FSRUs) – currently under construction at Hyundai Heavy Industries…
ABS has been awarded the classification contract from Petronas for the company's second floating LNG facility (PFLNG 2). The vessel will be built at the Samsung Heavy Industries yard in Geoje, Korea. ABS has a history working with floating gas concepts…
Boskalis said that salvage work to remove a capsized jackup from shallow waters near Angola's new liquefied natural gas (LNG) export plant should be completed by March 2015. The three-legged Perro Negro 6 jackup drilling rig (shown at…
The Prelude FLNG subsea architecture, supported by traditional mudmats. image source: Shell. Mobile foundation technology could offer an economic solution to some stranded offshore hydrocarbon reserves…
Malaysia's Petroliam Nasional Berhad (Petronas) announced that it has launched the hull of its first floating LNG (PFLNG SATU) facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The facility…
US rakes in $850million for lease sale The US Bureau of Ocean Energy Management (BOEM) received 380 bids for 326blocks in the central Gulf of Mexico, totaling more than US $850 million. Gulf of Mexico Lease Sale 231 attracted operators to bison almost 40 million acres…
Eni CEO Paolo Scaroni outlined the Italian company’s exploration progress and activities within the country to the President of the Republic of Mozambique Armando Guebuza. Eni announced that the “possibility of enlarging the shareholder base of Area 4 was favorably received by the President…
UK-listed explorer Ophir Energy is eying floating LNG to develop its Equatorial Guinea gas fields and has signed a letter of intent with Petrofac to help it draw up a field development plan. Ophir has an 80% interest in Block R, in the south-eastern part of the Niger Delta complex…
Petronas has reached the final investment decision(FID) for its second FLNG facility project, off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on 23 Jan 2014. Subsequently, Petronas has issued a letter of award for the engineering procurement…
Sevan Marine ASA has acquired the technology rights of TORP LNG AS and its affiliates. This acquisition gives Sevan Marine ownership of the proprietary HiLoad technology for offshore loading of LNG. The HiLoad technology was originally developed…
Belgium's Exmar and Canada's Pacific Rubiales Energy (PRE), through its wholly-owned affiliate Pacific Midstream Holding, announced the ordering of a barge-based floating LNG regasification unit under a 50/50 joint venture. The unit will…
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