The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain鈥
COLLOQUY: Editor's Column The IHS CERAWeek conference took Houston by storm in March, with a solid program of topical breakfast discussions, illustrious keynote speakers, plenary sessions, and dialogues. The energy topics ran the gamut鈥
Growth by specialist East of England company Inspection Verification Bureau Ltd (IVB) has prompted it to open a new office in Abu Dhabi and set up a joint enterprise in Kuwait. Around 75% of the Great Yarmouth company's verification, inspection鈥
McDermott International, Inc. announced that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf.Jebel Ali Fabrication Facility (Image: McDermott) The value of these contracts is approximately US$900 million鈥
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi.The US$500 million competitively鈥
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1鈥
Production from the Tamar field offshore Israel started at the weekend, it has been reported.Tamar field (Image: Delek)The gas from the field 80km offshore Haifa was expected to reach Israel鈥檚 port city of Ashdod by yesterday afternoon, Israel's Energy and Water Ministry said鈥
A year after taking delivery of its last Bourbon Liberty 200 vessel and 1st Bourbon Liberty 300 vessel, Bourbon has extended its range of services with the Bourbon Liberty 151, the very first vessel in a series of 15 next generation PSVs.PSV鈥
Saudi Aramco awarded Saipem a lump sum contract extension for the development of the Arabiyah and Hasbah gas fields in the Persian Gulf. The project鈥檚 scope includes construction work on the fields鈥 trunklines.
Martyn Conroy Aquatic Engineering & Construction Ltd., an Acteon company, named Martyn Conroy its new business development manager covering the Europe, Middle East and Africa regions. Conroy previously worked for Ashtead Technology, FirstSubsea and Hydratight鈥
Optio trains workforces Opito International has been awarded a contract with Shell to support the development of training for workers on the Majnoon project. The company will help improve vocational training centers in Basra, training Iraqis to industry expectations and Opito standards鈥
Egypt approves Dana's Nefertiti development The Egyptian government has approved Dana Petroleum's plan to develop the Nefertiti oil field in the Gulf of Suez, the company announced on 29 January 2013.The lease was approved 20 January鈥
Licensing round awards three deepwater blocksClick to view larger mapA consortium made up of Eni and Kogas has won three deepwater blocks during the Republic of Cyprus' second offshore licensing round, Eni announced on 24 January 2013.The consortium walked away with Blocks 2鈥
Iranian 云顶赌场老虎机 Engineering & Construction announced that its 3300t jacket is bound for South Pars field. The 67m high jacket will be installed 115km off Asalouyeh, Iran, in 61m of water.
Dubai-based Shelf Drilling acquired 38 shallow-water drilling rigs after completing a US$1.05 billion sale with Transocean. Shelf Drilling is also expected to pick up as many as 3500 employees from the deal. Shelf Drilling will take control of seven rigs immediately鈥
