Statoil has awarded the Johan Sverdrup Infield Pipelines FEED contract to IKM Ocean Design. Concept selection for Johan Sverdrup was made in February 2014. The field is located south of Grane, north-east of Sleipner and about 140 km west of Stavanger. Water depth in the area is 110-120 meters. Produ
Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, includes a consideration of $200 million and an effective date of 1 January 2013. “This transaction is part
JX Nippon Oil & Gas Exploration Corporation has announced that its subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, the Operator of Block SK10 offshore Malaysia with a participating interest of 75%, has recently received the approval of the Field Development Plan for Layang Field in B
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.
ABB, a global leader in power and automation technology, has secured a new order to supply electric power plant and Azipod propulsion units for one icebreaker vessel built for Finnish Transport Agency (FTA) at Arctech Helsinki Shipyard. The competitive bidding was done between several suppliers. Due
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 Board of Directors of Saipem S.p.A. has confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario
DNV GL, the world’s leading ship and offshore classification society and one of the world’s leading technical risk service providers, has acquired Marine Cybernetics, the leading company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the of
Hydratight, one of the world’s leading pipeline joint integrity companies, and AS Connector, a dedicated deepwater engineering company, have signed a formal agreement to jointly supply subsea pipeline inspection, repair, and maintenance solutions. This collaboration comes as a response to better mee
Greece based Assodivers have confirmed an order for an additional SMD Atom 100hp 3000m rated work class remotely operated vehicle (ROV) complete with Launch and Recovery system (LARs). The work class ROV system will be delivered during the third quarter of this year and will complement their existin
UMW Naga 5 jack-up drilling rig reaches its destination in the Philippines, with spud expected later this week. Nido Petroleum Limited has, on behalf of the Service Contract 63 Joint Venture partners, PNOC-EC and Dragon Oil (Philippines SC 63) Limited, informed that the UMW Naga 5 jack-up rig arri
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
INPEX and Shell have announced plans to invest in a significant new project to construct a subsea optical fibre cable system with the Nextgen Group, delivering critical infrastructure for the nation’s resources industry. The subsea fibre optic cable system will provide the INPEX Ichthys Liquefied Na
INPEX and Shell have announced plans to invest in a significant new project to construct a subsea optical fibre cable system with the Nextgen Group, delivering critical infrastructure for the nation’s resources industry. The subsea fibre optic cable system will provide the Inpex Ichthys LNG and Shel
