Malaysia’s Sapura Energy and India’s Afcons have won a contract with India’s oil and gas company ONGC to build offshore platform and living quarters. Sapura Energy said on the 6th December that the contract was worth three billion Malaysian rinngit, or around US$720 million. …
James Fisher Ocean Team (JFOT) has completed its first excavation for COOEC Subsea in the South China Sea and the team is gearing up for additional projects in 2019. JFOT was established to provide an enhanced service to clients in China by experts from…
Siemens and the marine arm of ST Engineering in Singapore have jointly received an order for a SCC-800 2x1C SeaFloat barge-mounted power plant from Seaboard Corporation subsidiary Transcontinental Capital Corporation (Bermuda) Ltd, an Independent Power Producer (IPP) with operation in Dominican Republic. The project…
Maersk Drilling and Seapulse have signed a Master Alliance Agreement (‘MAA’) under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other goods and services, for a global offshore oil & gas exploration drilling programme…
The EU is facing the perfect storm of dwindling local supply, rising demand and increased dependence on Russian state-owned Gazprom for its supply of natural gas, as analysts and observers mull what, if any governmental action, must be taken. At issue is mainly how…
DEA Deutsche Erdoel AG announced the 4th December that it has signed an agreement to acquire Sierra Oil & Gas. The transaction, which is described by DEA as an “important milestone” in the company’s international growth strategy, is subject to government approvals, including from…
Partners in the Orinduik block located offshore Guyana have revealed their drilling plans for 2019. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on the 5th December that all partners approved the initial 2019 work plan and budget for the first Orinduik…
Spirit Energy has started drilling the Cassidy exploration well in the Norwegian sector of the North Sea within the Oda licence. Faroe Petroleum, a partner in the project with a 15 percent share, said on the 5th December that the well is being drilled…
The Nordex Group has received its largest order to date for the N149/4.0-4.5 of its Delta4000 series and the company’s biggest order under which Nordex will also be delivering the civil and electrical balance of plant (BoP) works under an EPC contract. Credit Suisse…
Equinor and Faroe Petroleum have agreed to asset swaps in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. The transactions are calibrated as a balanced swap with no cash consideration. Faroe signed a binding agreement to swap its interests…
