Yinson Energy has contracted DOF Subsea Asia Pacific Region to provide transportation and installation services to position and moor the FPSO Helang on the Layang field offshore Sarawak, Malaysia. DOF will deploy the construction support vessel Skandi Hercules for the programme, which is due to…
Indonesia’s Medco Global has been given more time to decide whether it will proceed with the proposed takeover of Ophir Energy, or not. At the request of Ophir, the Takeover Panel has consented to an extension of the deadline for Medco Global to either…
The US will position itself as a net energy exporter in 2020 and will remain so throughout a projection period to 2050 resulting from large increases in production of crude oil, natural gas, and natural gas plant liquids (NGPL) coupled with slow growth in energy…
The state-run China-headquartered Zhenhua Oil, the oil exploration & production subsidiary of Norinco, the Chinese defence contractor, has bought its vey first LNG cargo from Chevron Corporation. If reports are to be believed, the oil exploration company has put forth the buyout offer in…
The technology group Wärtsilä has been awarded an integrated 6 MW energy storage project contract for the Caribbean island of Bonaire. The engineering, procurement, and construction (EPC) hybrid energy project includes both the hardware, consisting of batteries and inverters, as well as GEMS, the…
President Muhammadu Buhari, Nigeria’s substantive minister of petroleum resources, has approved the renewal of 22 expired and expiring oil blocks, from which the Department of Petroleum Resources (DPR) realised about US$1 billion for the government. The approval for the renewal of the 22 expired…
A year ago, the US government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Administration now estimates output will top out at 14.53 million barrels a day…
State oil company OMNIS expects to stage roadshows in Houston and London next month to promote Madagascar’s licensing round, launched last November. On offer are 44 offshore blocks in the Morondava basin on the western margin of Madagascar. Exploration in the island began…
Vår Energi and Simon Møkster Shipping have completed the first phase of hybrid power conversion of the Stril Barents vessel, currently working as a supply vessel on the Goliat field in the Barents Sea offshore Norway. Vår Energi was formed late last year through…
BP Trinidad & Tobago LLC (BPTT) has let a contract to McDermott International Inc for the engineering, procurement, and construction of the Cassia compression platform, 57 kilometres south-east of Trinidad and Tobago. McDermott will provide EPC, hook-up, and commissioning of the 8,100-tonne Cassia C…
