IHI Corporation, in consortium with POSCO Engineering, has been awarded an EPC contract for an LNG receiving terminal expansion project by PTT LNG. This project is for the expansion of the LNG receiving terminal in the Map Ta Phut Industrial Estate located in Rayong Province, Thailand. IHI and PEN w
The Ormen Lange partners have decided to postpone the Offshore Compression Project for Ormen Lange field, and stop the ongoing concept select work. The partners have been working towards a concept select decision for offshore compression, either a subsea compression solution or a tension leg platfor
The Shah Deniz consortium informed that the Stage 2 project continues to progress on schedule with further major construction and supply contracts recently awarded. The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarde
Trinity, the leading independent E&P company focused on Trinidad and Tobago, reported that during the first quarter, Trinity’s net production averaged 3,978 boepd. Key first quarter operating activities included: West Coast Net Q1 2014 production averaged 547 boepd. Trinity has been focused on remed
GasLog said that it has completed the acquisition of three LNG ships from Methane Services (MSL), a unit of BG Group. The company also agreed to acquire an additional three LNG carriers for $468 million from MSL and to charter those ships back to MSL for six-year initial terms on average. “The time
EMAS, the operating brand of Ezra Holdings received a Letter of Agreement (LOA) from Noble Energy for the Gunflint Project in the Gulf of Mexico (GoM). Under the terms of the agreement EMAS’s Subsea Services division, EMAS AMC has been nominated to perform the offshore installation of pipelines, umb
Pancontinental Oil & Gas NL has announced an extensive 3D seismic survey has been completed within its highly prospective offshore acreage in licence area EL 0037 offshore Namibia, southwest Africa. The 3D acquisition, over approximately of 3,000km2, covers a number of strong “Leads” that have alrea
The Shah Deniz consortium, lead by BP, has awarded more contracts as part of its Shah Deniz 2 development program, offshore Azerbaijan. The contract for the fabrication of the jackets for the two planned offshore platforms, pin piles and subsea structures has been awarded to the consortium consistin
Ocean Installer sells its 70 per cent share in the CSV Normand Vision to its marine partner Solstad Offshore, giving Solstad 100 per cent ownership. The Normand Vision is still committed on a long-term charter with Ocean Installer and the sale does not affect the plans Ocean Installer has for the us
Strainstall UK Limited has announced that the company has been selected to work alongside SBM offshore on the Shell Stones project, an ultra-deep oil and gas development in the Gulf of Mexico which is currently the deepest production facility in the world at approximately 2900 meters. The project in
Following successful conclusion of a design competition, work is well underway at Aquaterra Energy to design, fabricate and install a minimum facilities Conductor Supported Platform (CSP) for South Atlantic Petroleum Benin S. A. (SAPETRO), off the West African coast. The contract was awarded followi
Kongsberg Gruppen ASA (KONGSBERG) has signed a new $253 million revolving credit facility with a syndicate of five banks. The facility has a tenor of five years, plus two one-year extension options. The new facility is for general corporate purposes, and replaces the $167 million revolving credit fa
Parkmead has reported that it has completed the previously announced acquisition of an additional 20 percent interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field, from EWE VERTRIEB GmbH (“EWE”). Through Parkmead’s acquisition of Lochard Energy Group PLC, compl
AGR has been awarded a new Well Management Services Contract by OMV (Norge). The Contract also covers delivery of other Drilling and Well Engineering services for complete well construction. The Contract is for three years with the option of two further years. AGR has previously worked with OMV on t
