Tap Oil, a stakeholder in the Manora Oil Development, offshore Thailand, has announced that the contracts for the Floating, Storage Offtake (FSO) Unit conversion and charter have been awarded to affiliates of Tanker Pacific Offshore Terminals Pte Ltd. (TPOT). The FSO conversion will be undertaken in
On September 6, 2012, Petrobras began oil production in the ultra-deep waters of the Chinook oilfield from the floating production, storage and offloading platform, FPSO BW Pioneer, moored some 250 kilometers off the coast of the State of Louisiana in the U.S. Gulf of Mexico. It is the first FPSO to
Carlos Morales-Gil, Director-general Exploration & Production of the Mexican oil company Pemex will participate in the Offshore Energy Conference 2012 in Amsterdam. He will present the latest developments in upstream oil and gas in Mexico and Pemex’s strategy for the future. The Offshore Energy Conf
Coastal Energy Company on Monday announced the successful results of the Songkhla A-10 well in the Gulf of Thailand.
Kabwe Zuberi Zitto, a Shadow Minister of Finance and a Member of Parliament in Tanzania, has called for a moratorium on issuance of new offshore exploration rights in the gas rich East Africa’s country. The Ministry of Energy & Minerals in Tanzania has delayed the start of the 4th Tanzania Offshore
Oil & Gas UK and Decom North Sea, co-organisers of the Offshore Decommissioning Conference, have confirmed that this year’s keynote speaker will be Gerry Borghesi, UK/Netherlands Production Manager for ExxonMobil International. Only a few places now remain for the two-day event ,sponsored by Ernst &
BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The agreement is a further example of BP’s active management of its portfolio in the North Sea, focusing investment on high va
BIS Salamis has recorded major growth in the Southern North Sea (SNS), increasing annual turnover in the region by 30% from £23million to £30million per annum. This increase has further strengthened BIS Salamis’ position as the market leader in fabric maintenance projects in the SNS. In addition to
Statoil has, on behalf of the licence owners, issued a letter of intent to Samsung Heavy Industries for construction of a new permanent floating storage unit (FSU) for the Heidrun field in the Norwegian Sea. The contract is worth an estimated USD 230 million and includes options to buy two additiona
Clough wins contract with Pearl Oil (Amata) Limited Engineering and project services company Clough Limited today announced the award of a contract valued at approximately US$60M with Pearl Oil (Amata) Limited, a Mubadala Petroleum affiliate.
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, will sell its share in natural gas output from the Skarv field to PGNiG Sales & Trading. The term of the gas supply contract, valued at approximately EUR 1.3bn, is ten years. PGNiG Norway will start gas deliveries to PST one p
The consortium among four companies (“MITC Consortium”) consisting of MODEC, Inc., IHI Corporation , Toyo Engineering Corporationand CB&I Nederland B.V.announced that MITC consortium has been awarded a contract from Malaysian state-operated oil company, Petroliam Nasional Berhad (PETRONAS) for the F
The Minister for Resources and Energy, Martin Ferguson AM MP, has announced the grant of seven new offshore petroleum exploration permits as part of round two of the 2011 Exploration Acreage Release. The award of these permits will see an estimated $277 million in new investment in offshore areas of
For the very first time, remote-controlled machines and an underwater welding robot have installed a new tie-in point on a live gas pipeline, without the pipeline being prepared in advance. This type of operations can save Statoil lots of money in the long run. The hot tap installation is the first
