Ophir Energy, an independent oil and gas company, and Schlumberger, the world’s largest oilfield services provider, have entered into a non-binding Heads of Terms Agreement whereby Schlumberger will get a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea. Fortuna sits wit
Golar LNG has signed a Memorandum of Understanding with Schlumberger, the world’s largest oil services provider, to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the memorandum, Golar and Schlumberger have agreed to jointly market gas monetization so
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be l
Offshore service contractor POSH Terasea has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (“FLNG”) platform – the world’s largest offshore facility ever constructed. POSH Terasea is a joint venture between PACC Offshore Services Ho
Malaysia’s oil and gas giant Petronas has said that its first floating LNG unit, the PFLNG1, remains on track for first production in 2016. Petronas on Tuesday said the PFLNG1 has reached a 95% overall progress in its construction. The vessel, being built in South Korea by Daewoo Shipbuilding Marine
The Anglo-Dutch oil and gas major Shell recently shared a video tracking the 2015 progress of the company’s first ever FLNG project, Prelude, that will be located offshore Western Australia. The video covers the installation of the last giant topside module in South Korea, through subsea equipment i
Wood Group has secured its third front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development. Under a new 12-month contract awarded by Shell, Wood Group Kenny (WGK) will carry out flow assurance and process integration
Wood Group, an international oilfield services provider, has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) development offshore Western Australia. Under the new contract with Woodside, effective immediately, Wood Group K
Ophir Energy has signed Heads of Agreements (“HoAs”) for LNG offtake from the Fortuna FLNG project, offshore E. Guinea, with six counterparties. The company on Wednesday said that all the parties involved were “established LNG buyers in European and Asian markets.” Furthermore, Ophir Energy has redu
Gazprom’s subsidiary, Gazprom Marketing & Trading Singapore Pte Ltd (GM&TS), has signed an agreement according to which it will be a sole off-taker from the floating liquefied natural gas (FLNG) project, located off the coast of Kribi, Cameroon. Gazprom inked the eight-year agreement with Société Na
Engineering company Monadelphous Group Limited has secured a long-term maintenance and modifications services contract related to Shell Australia’s Prelude Floating Liquefied Natural Gas (FLNG) project. The contract, with an estimated value of more than $200 million is located in the Browse Basin, a
Oil and gas company Shell has hired Atkins to develop asset integrity models for future inspection and maintenance at Prelude FLNG offshore location in Australia. Matt Keys, global technical director in Atkins’s oil and gas division, said: “We’re excited to continue contributing towards the flagship
Ophir Energy has finalized commercial terms and is in the process of signing heads of agreements for LNG offtake from the Fortuna FLNG project in Block R, offshore Equatorial Guinea. In a statement issued on Wednesday, Ophir Energy said that the deal was reached with a shortlisted group of counterpa
Iran and Belgium have reportedly initiated talks for a possible floating LNG production unit off the Kharg Island in the Persian Gulf. According to a release found on the National Iranian Oil Company’s website, the issue was brought during Iranian Minister of Petroleum, Bijan Zangeneh‘s talks with B
