Plexus Holdings PLC (Plexus) secured a new three-year contract with drilling and engineering company AGR Well Management Limited (‘AGR’). Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure (‘HPHT’) POS-GRIP® wellhead technology and mudline services
Tokyo LNG Tanker, a unit of Tokyo Gas, has signed a contract for shipbuilding regarding two LNG vessels (165,000m3 tank capacity) with Japan Marine United Corporation, and has signed a Heads of Agreement regarding the joint ownership and 20-year charter of the vessels one with Mitsui O.S.K. Lines an
Woodside of Australia said that it has signed a sales and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for a maximum supply of up to approximately 2.2 million tonnes of liquefied natural gas (LNG) over a three year period commencing in April 2014. LNG delivered to KOGAS under the SPA
Subsea 7 S.A. announced the award of a US$75 million three-year subsea construction services contract by ExxonMobil Canada Properties. The contract supports the Hebron heavy oil field development, located in the Jeanne d’Arc Basin 350 kilometres southeast of St. John’s, Canada. The contract scope in
Technip said it has been awarded a contract by Total E&P Borneo B.V., covering engineering, procurement, supply, construction and commissioning (EPSCC). This project aims at the modification of the onshore facilities as well as the construction of a new onshore pipeline, in order to transport Mahara
The Scottish Energy Minister Fergus Ewing has announced that the Scottish Government’s Marine Renewables Commercialisation Fund Array Technology Innovation Programme has made an award to a team of marine experts – to undertake a research project on Turbulence in Marine Environments for measuring and
Freeport LNG Expansion, Osaka Gas and Chubu Electric Power announced that Osaka Gas and Chubu Electric have entered into an agreement with Freeport LNG to invest approximately $1.2 billion of equity funding for Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Isl
The European Bank for Reconstruction and Development (EBRD) is continuing to invest in projects that will strengthen the security of energy supply in its region of operations. The EBRD is extending a senior loan of US$ 200 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of LUKOI
MacGregor, part of Cargotec, has acquired Norwegian privately owned Deep Water Solutions AS, specialising in lifting applications utilising electric multi drive technology. “Customer requirements for environmentally friendly solutions are increasing in offshore load handling applications, such as su
ShawCor Ltd. announced its pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$50 million from EUROPIPE GmbH for the concrete weight coating of Line 1 of the South Stream Offshore Pipeline. The South Stream Offshore Pipeline system is comprised of 4 pipeline
Hallin Marine, a Superior Energy Services company, has completed an urgent project in the Bualuang oil field off the coast of Thailand following damage to subsea structures.
Following the announcement on 28 January 2014, KrisEnergy Ltd., an independent upstream oil and gas company, has decided to pull out from the acquisition process for a 60% operated working interest in the G3/48 exploration licence in the Gulf of Thailand. The Company made the decision as a result of
Oil Search said it has entered into an agreement to acquire the Pac LNG Group Companies, which hold a 22.835% interest in Petroleum Retention Licence 15 (PRL 15), located in the eastern margin of the Papuan Basin in PNG. The present PRL 15 Joint Venture comprises InterOil Corporation (75.6114%), Pac
Sembcorp Marine’s subsidiary Jurong Shipyard has signed two contracts for US$540 million each to build two drillships with options for three additional units from a subsidiary of Transocean Ltd (Transocean). Scheduled for delivery in 2Q 2017 and 1Q 2018, the drillships will be built based on Jurong
