Mooring lines on floating production systems continue to fail, costing the industry lost time and production鈥 why and what is being done? Elaine Maslin reports. The use of floating production systems in the offshore oil and gas industry鈥
Using multiple work centers and close project management, L&T delivered the MNP jacket on schedule. Larsen & Toubro (L&T), India was awarded the Mumbai High North (MHN) process platform, living quarters, and process gas compressor module project by ONGC鈥
BP and China National 云顶赌场老虎机 Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m鈥
London-based Premier Oil plc announced it will sell its 100% stake in subsidiary Premier Oil Vietnam South BV (POVS) for a consideration of US$100 million. POVS holds 30% interest in Block 07/03 off Vietnam, which is located in the Nam Con Son Basin鈥
Salamander Energy plc announced that its G4/50-4 exploration well on the Rayong prospect in the Gulf of Thailand has been plugged and abandoned following disappointing results. The well, which was drilled to a total vertical depth of 1889m by the Atwood Mako jackup鈥
Harkand is pursuing its investment strategy in Asia Pacific with the addition of a multi-million dollar newbuild ROV support vessel and the appointment of a new general manager to lead future growth. The vessel, to be named Harkand Harmony鈥
SeaBird Exploration Plc. was awarded a 30-day contract for the Aquila Explorer from a company in the Asia Pacific region. The contract is valued at about US$3 million. The vessel is currently working for another company in the region on鈥
SapuraKencana Petroleum Berhad鈥檚 wholly-owned subsidiary, Kencana HL Sdn Bhd was awarded a three-year US $180 million contract from Trans Thai-Malaysia Sdn Bhd (TTM) to provide engineering, procurement, construction, installation, and commissioning鈥
C-MAR Group announced that it won a contract, worth over $500,000, to carry out Failure Mode Effect Analysis (FMEA) surveys and trials on Maridive Group vessels for the next five years. The agreement covers 16 Maridive DP vessels to be serviced from C-MAR鈥檚 Singapore鈥
Exploration and production firm Northern Petroleum has promoted Keith Bush, 43, to managing director. Bush joined Northern in May 2012 as chief operating officer and was appointed to the board last November. Bush has a degree in physics鈥
Transocean Ltd. today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig. The rig recently spudded a well in 10,411ft (3174m) of water鈥
China National 云顶赌场老虎机 Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea鈥
A semisubmersible floating production system for Malaysia鈥檚 Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia鈥檚 second deepwater development after the Kikeh oil field鈥
Malaysia-based international offshore oilfield services company, Bumi Armada Berhad announced that its wholly-owned Russian subsidiary, Bumi Armada Caspian LLC signed a supplementary agreement worth RM567.6 million (US$178.5 million) with OOO LUKOIL-Nizhnevolzhskneft for EPIC (engineering鈥
Sembcorp Marine鈥檚 PPL Shipyard has won two orders for turnkey contracts worth a total US$417million from Mexico's Integradora de Servicios Petroleros Oro Negro. The orders are for the construction of two jack-up rigs, scheduled for delivery at end July 2015 and end of third quarter 2015鈥
