Wison Offshore & Marine (WOM) has announced that the fabrication of the Arctic LNG 2 project began in Zhoushan Yard on the 29th November 2019. The module fabrication contract was awarded by Technip France SA, a wholly-owned subsidiary of TechnipFMC. The project consists…
Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision for the expansion project of the LNG plant, Eni revealed on the 27th December. The brownfield development, which is expected to start-up in 2024, will increase the annual production capacity…
Saipem revealed on the 27th December that its onshore and offshore drilling divisions have been awarded new contracts, and extensions to existing contracts, worth approximately US$1.7 billion. The onshore drilling deals encompass 19 land-rigs located in Middle East, with a duration range from three…
A French court has decided that assets of struggling French vessel owner Bourbon Corporation, which has been in a court restructuring process, will be sold to a group of creditor banks. As part of the reorganisation proceedings opened since the 7th August 2019, by…
Sembcorp Marine Offshore Platforms Pte Ltd revealed on the 26th December that it has clinched two offshore platform contracts worth over US$405 million (S$550 million). The deals are said to support redevelopment efforts at the Al Shaheen and Tyra fields, which are located respectively…
Boskalis has been awarded a sizable contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador. For Boskalis, a sizable contract is worth between €50 – €150 million. The contract was awarded by Energia…
With 2019 drawing to a close, GE Renewable Energy has now secured 1215 MW in orders or commitments in the onshore wind sector in China for 2019. Combined, the turbines from these wind farms will power the equivalent of 85,0000 homes in China. These…
Apache Corporation and Total SA have formed a joint venture to explore and develop Block 58 offshore Suriname. The companies will each hold a 50% working interest in the block, which comprises about 1.4 million acres in water depths of less than 100 metres…
Equinor and Rosneft will jointly develop the first stage of North Komsomolskoye field. Total recoverable volumes for Stage 1 are estimated at 250 million bbl of oil and 23 billion cubic metres of natural gas. North Komsomolskoye was a part of a strategic…
Offshore installation contractor Allseas has suspended pipelaying works on the Nord Stream 2 gas pipeline linking Russia and Germany, citing the sanctions from the US introduced on the 20th December. The US National Defense Authorization Act (NDAA) stipulates impositions of sanctions on foreign persons…
