President of Indonesia Joko “Jokowi” Widodo has reportedly decided against the use of FLNG unit for the development of Abadi field in the Masela block, offshore Indonesia. According to Detik Finance website, the president has decided the field will be developed through an onshore plant. The news web
Australian energy company Woodside, developing the Browse Basin gas fields offshore W. Australia, has said it will not move forward with the development at this time considering the current economic and market environment. Since FEED entry, Woodside said it has been focused on delivering targeted co
Oil and gas company Shell has awarded the Swiss-based provider of power and automation technologies, ABB, a five-year contract to deliver equipment and services for Shell’s Prelude FLNG project offshore Australia. The order includes the delivery of motors, generators, variable speed drives and low-v
Japan’s Inpex, the operator of the Abadi gas field in the Masela block offshore Indonesia, has decided to cut the workforce at the project by 60 percent. This was revealed on Thursday by SKK Migas, Indonesia’s special task force for upstream oil and gas business activities. SKK Migas’ Amien Sunaryad
Malaysian energy company Petronas has moved a step forward to deploying the world’s first Floating LNG (FLNG) unit. Namely, the company has revealed that the naming ceremony for the PFLNG-1 unit, or Satu, as it is called, was being held on Friday, March 4, in South Korea. “Today, we have pushed the
Malaysian oil and gas company Petronas wrapped up an extremely difficult 2015 with a net loss and lower revenues amidst a depressed oil price environment. The company said on Monday it will reduce its spending in 2016 which will impact the company’s current projects, including its second floating li
Eni might be close to making a final investment decision on its offshore natural gas development project in Mozambique. Luca Bertelli, Eni’s Chief Exploration Officer, said on Tuesday during the IHS CERAWeek conference in Houston, that Eni is expecting to receive a Plan for Development and Operation
Cape plc, a provider of industrial services to the energy and natural resources sectors, has secured a contract with Samsung Heavy Industries (SHI) in South Korea for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit. The contract is for the installation of insulation to the cryogenic pipew
Barakah Offshore, a Malaysian provider of oilfield services, has been selected by Petronas to work on what is expected to be the world’s first Floating LNG unit – the PFLNG1. According to a Bursa Malaysia filing on Tuesday, Barakah Offshore’s subsidiary PBJV will be responsible for the post installa
Höegh LNG Holdings on Tuesday announced its decision to put all FLNG activities on hold and to allocate all resources and capital to its core business; floating storage and regasification units (FSRUs). According to Höegh, this is where the company sees the highest return on invested capital and the
Malaysian oilfield services provider SapuraKencana has through its joint venture with GE Oil and Gas won a contract to work on Petronas’ Floating units – PFLNG 1 and PFLNG 2. The company named SapuraKencana GE Oil & Gas Services Sdn Bhd will be responsible for a comprehensive maintenance of GE-suppl
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
