The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the pipeline construction contract for the South Caucasus Pipeline Expansion (SCPX) project. This award adds to the 14 contracts already announced and underlines the overall progress to schedule of Shah De
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the line pipe coating contract for the South Caucasus Pipeline Expansion (SCPX) project. The contract for line pipe coating is worth approximately $70 million and it has been awarded to Bredero Shaw Intern
ShawCor’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$70 million from BP Exploration (Shah Deniz) Ltd. for and on behalf of the South Caucasus Pipeline Company Ltd. for coating services for the South Caucasus Pipeline Expansion (SCPX) project. The ob
Noble Energy, Inc. today announced that the parties have agreed to terminate the non-binding memorandum of understanding regarding the sale of interest in the Leviathan licenses, offshore Israel, to Australia’s Woodside Petroleum. Following termination of the agreement, working interests in the Levi
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply LS Cable a second 4000t modular carousel system and accompanying equipment for a long-term project. The carousel and additional equipment will be used for the transportation of 2 x 50km of powe
Polarcus Limited, a UAE-based owner of seismic survey vessels announced a drop in revenue for the first quarter 2014. The company said that the effects of the challenging market conditions at the end of 2013 spilled over into the start of 2014, as the Company recorded lower revenues during the quart
Fugro has been awarded a contract for one year, plus a year extension option, by Basrah Gas Company for the provision of Geotechnical Investigations and Topographic Services in the Basrah province of Southern Iraq. Fugro will provide geotechnical and topographical survey investigation services at va
Qatar Petroleum (QP) has announced plans to invest over 40 billion Qatari Riyals ( $11 billion) in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline.
Höegh LNG (HLNG ) said that it has signed a letter of intent (LOI) with Egyptian Natural Gas (Egas) for the use of one of its FSRUs under construction at Hyundai Heavy Industries as an LNG import terminal in the port of Ain Sokhna, located on the Red Sea’s Gulf of Suez. The FSRU will be moored at a
The Kuwait Petroleum Corp (KPC) and Shell signed a six-year LNG import deal worth about $12 billion. KPC also plans to ink a $3 billion LNG supply deal with BP on Monday, Reuters reported, citing Nasser al-Mudaf, head of KPC’s international marketing division as saying. Surging air conditioning dema
Siemens Energy has received an order to deliver customized direct electrical heating (DEH) power supply systems for ten subsea flow lines, with an option for two additional systems. Customer is BP Exploration Limited and all the systems are to be deployed on BP-operated Shah Deniz gas field in the A
Baker Hughes Incorporated announced today that the international rig count for April 2014 was 1,349, up 4 from the 1,345 counted in March 2014, and up 48 from the 1,301 counted in April 2013. The international offshore rig count for April 2014 was 329, down 5 from the 334 counted in March 2014, and
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
Noble Energy announced the execution of a non-binding Letter of Intent (LOI) between the Tamar field partners and Union Fenosa Gas (UFG) for the supply of natural gas from Tamar, offshore Israel, to UFG’s existing natural gas liquefaction facilities in Egypt. The LOI contemplates a contract term of
