Ferus Natural Gas Fuels completed the purchase of Encana Corporation’s 50 percent interest in the Elmworth, Alberta 190,000-litre per day LNG production facility, retaining key Encana technical and management personnel. Phase one of the Elmworth LNG facility, which was constructed as a 50/50 joint v
Nautilus Minerals Inc. and the Independent State of Papua New Guinea have signed an agreement, enabling the Solwara 1 Project to move forward toward production with the full support of the State. Under the Agreement, the State shall take an initial 15% interest in the Project. The State has the opti
Japan’s Tohoku Electric said it has signed a basic agreement to purchase 300,000 tonnes per annum of LNG for 16 years starting in 2022 from Diamond Gas, a unit of Mitsubishi Corporation. The LNG will be sourced from Sempra’s Cameron liquefaction project in the United States. This will be Tohoku’s fi
Meridian Ocean Services has added two Saab Seaeye Lynx ROVs to its Falcon fleet to undertake a wider range of deeper inspection tasks at short notice. The company has already won a niche in the market for undertaking fast response assignments in the offshore fields of America, Trinidad and Mexico. I
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the first quarter of 2014 was 76 per cent with eight vessels Safe Caledonia, Safe Astoria, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation
TTS Group ASA has identified a significant increase in cost-estimates for several projects in production. A major part of the cost overruns are related to deliveries of offshore cranes and hatches for yacht projects. TTS said that the increase in cost-estimates is caused by new information available
Spanish oil company Repsol has kicked off drilling operations off the coast of Namibia. Tower Resources plc, which owns a stake in the licence, said it received formal notification from Repsol, the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudd
TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS’ existing multi-year 3D Hoop coverage
ARKeX has re-started acquiring a Multi-Client Full Tensor Gravity Gradiometry survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 Sq. km over the proposed NPD licensing areas. The principal aim of the marine FTG survey is to prov
Expro has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see the UK-based Expro provide completion landing string equipment and services for th
The compressor module M11 for the Troll A platform in the Norwegian North Sea has left Aibel’s yard in Laem Chabang, Thailand. The compressor module will first be shipped to Haugesund to have a crane installed on board. After that the M11 will go to the Statoil-operated Troll field. Early in April,
Atkins has won an engineering support contract covering three of Maersk Oil’s UK assets in the North Sea. The Gryphon FPSO, Global Producer III FPSO and Janice FPU are planned for major offshore inspection, repair and maintenance (IRM) works this year, in addition to field expansion works. Maersk ha
Expro, international oilfield services company, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see Expro provide completion landing string
Baku Shipyard LLC (Baku Shipyard) has secured a contract worth US$378 million from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). When completed, the SCV will be deployed for the Stage 2 development of th
