Statoil has contracted Kvaerner to construct the topsides for the Johan Castberg FPSO in the Barents Sea. In addition, Kvaerner will be responsible for hook-up and integration of the topsides modules with the hull, with at peak around 2,000 of the company’s employees and…
On the 13th February, Turkish President Tayyip Erdogan warned Cyprus not to “overstep the mark” in the eastern Mediterranean, after Greek Cypriots accused the Turkish military of obstructing an Italian vessel exploring for natural gas over the weekend. Turkey, which does not have diplomatic…
Heerema Fabrication Group (HFG) has awarded engineered hydraulic solutions specialist DGI Doedijns a contract to design and deliver the upend & flood control system for the Peregrino II jacket to be set off Brazil. DGI said on the 13th February that the upend control centre…
The flood of crude leaving the US could be about to get a major boost: the nation’s top imports terminal is testing one of the industry’s biggest tankers to load an export cargo for the first time. If the trial run signals the start…
Lukoil has completed commissioning of the first well at the Vladimir Filanovsky Phase 2 field development in the Russian sector of the Caspian Sea. This is a single-bore horizontal production well a measured depth of 3.5 kilometre (2.2 mile), and a 1.2-kilometre (0.75-mile) horizontal…
Geospatial Insight Limited, Europe’s leading provider of satellite-derived alternative data, independent research and image analysis, has announced the launch of TankWatch, a new monitoring service which represents a significant development in the facility for global oil storage to be managed and monitored. TankWatch uses…
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia. Engineering and project management services to develop the Marjan oil field in the state’s eastern province will be…
Petro Matad, AIM quoted Mongolian oil explorer, has provided an operational update for its planned 2018 drilling programme in Mongolia. Highlights Completed a US$16.8 million fundraising to execute a four well drilling programme on the company’s acreage in 2018, with the first well, Wild…
Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is so strong that Norway’s Statoil ASA, which usually exports most of its LNG to…
Canadian oil company Suncor is buying into the Fenja development in the Norwegian Sea in a transaction worth US$54.4 million. Suncor will acquire a 17.5 percent stake in the offshore oil field from Faroe Petroleum. Faroe, which will retain a 7.5 percent interest in…
