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Pemex to Present Board with First Deepwater Private Sector Tie-up
Mexico's state oil company Pemex will present to its board this week its first possible deep-water tie-up with private firms, a long-awaited landmark of Mexico's energy reform that opened the sector to private investment, an energy ministry official said on Thursday.
Chain Tensioning, Cutting Completed for FPSO Turritella
InterMoor said it has completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM). The FPSO Turritella will connect to subsea infrastructure located beneath approximately 9…
Petrobras' Output up 5% in May
Brazil's Petroleo Brasileiro SA said on Wednesday that output rose 5 percent in May from April to 2.83 million barrels of oil and equivalent natural gas a day. Petrobras, as the state-run company is known, said average oil output rose 6 percent in May to 2.24 million barrels per day…
Equatorial Guinea Blames Schlumberger for Quitting LNG project
Equatorial Guinea's energy minister on Monday said U.S. company Schlumberger walked away from talks with Ophir over the development of the Fortuna LNG project because it wanted to "monopolize everything." But Gabriel Obiang Lima said he was confident the project would go ahead and be successful…
2016 and Two FPSOs in US GoM: The 20 Year Saga
Peter Lovie’s Chronology of the FPSO’s difficult struggle to viability in the U.S. Gulf of Mexico is a fascinating journey through time and the oil industry itself. 2016 saw the arrival of the second FPSO in the US Gulf of Mexico. Despite the…
Offshore Regulatory Compliance Training
Offshore Technical Compliance (OTC) has introduced two new IADC-accredited regulatory compliance training programs: offshore drilling and marine regulatory compliance training. OTC’s Offshore Drilling Regulatory Compliance Training is a five-day…
New Petrobras CEO Says Political Meddling in Company is Over
The new CEO of Petrobras, Pedro Parente, said on Wednesday that political interference in the state-run company will come to an end and vowed to restore the indebted firm to financial health. Parente, who took office at a ceremony in Brasilia on Wednesday…
Gas pioneer Heimdal Turns 30
For 30 years the Heimdal field has been an important gas supplier to Europe and, together with Statfjord and Gullfaks, contributed to the establishment of Statpipe. Its anniversary is being celebrated with, among other things, the publishing of the field's own biography.
SapuraKencana makes another Gas Find Offshore Malaysia
SapuraKencana Energy announced another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia. All three wells targeted non-associated gas within the primary target Late Miocene Carbonate reservoirs.
Petrobras Announces new President, Management Changes
Petrobras reports that it has received the letter of resignation of Mr. Aldemir Bendine the functions of a member of the Board of Directors and President of the Company today. In addition, Mr. Bendine also resigned today, the office of member…
Cyberhawk Innovations, Nordic Unmanned Join Forces
Cyberhawk Innovations, the world leader in unmanned aerial vehicle (UAV) and drone inspection and survey, has bolstered its international presence by signing a partnership agreement with Nordic Unmanned, Norway’s leading UAV operator. The agreement…
Topside-less Solution for Subsea Boosting
Voith and Funglesangs Subsea AS (FSubsea) signed a collaborative agreement to develop hydrodynamic variable speed drives for advanced subsea pump applications. Due to a Voith torque converter integrated in the pump on the sea floor, Variable…
Höegh LNG Turns to Profit in 1Q
Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015. The company’s EBITDA reached $26.6 million for the first quarter of 2016…
Heavy LIfting: Moving Modules for Brazilian FPSO
Mammoet delivers full logistics scope for FPSO module integration project On April 6, Mammoet, a service provider specializing in engineered heavy lifting and transport, completed a load-out of the first set of four modules bound for the FPSO (Floating Production, Storage and Offloading) P66 vessel.
ALP's Long-range Oceangoing Tug Named ALP Striker
ALP Striker, named at a ceremony held named on May 13, 2016, is the first of four ultra-long distance towing and anchor handling vessels for ALP Maritime Services, each with a bollard pull of approximately 300 metric tons. The vessels of the SX157 design are a part of the ALP Future class.
Technip, FMC Target Oil Services 'Big League' with Merger Deal
France's Technip on Thursday announced an all-stock merger with U.S. rival FMC Technologies, as it seeks to offset weaker spending on exploration and production by cash-strapped oil companies. The new group, to be domiciled in London, would…
Temer to Invite Pedro Parente for Petrobras CEO Post
Brazil's interim President Michel Temer will formally invite Pedro Parente, currently the chairman of financial bourse BM&FBovespa SA, to become chief executive of state-controlled oil company Petróleo Brasileiro SA , chief of staff Eliseu Padilha said on Thursday.
Petrobras Renews Contracts for Marlim, Voador Fields
Petrobras has signed tody with the ANP an extension of the concession contracts of the Marlim and Voador until 2052. The extension of the Production Phase of the fields meets the guidelines of Resolution No. 2/2016 of CNPE, which authorized…
Wartsila's Value of Expediency
Regasifying and storing LNG offshore has allowed customers to import gas without committing to land-based infrastructure. The option also speeds up access to vast amounts of energy. “Wärtsilä focuses on completing the LNG value chain,” says Timo Koponen…
Petrobras Tests Investor Sentiment with $6.75 Bln Bond Sale
State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday through a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff.
Hose-in-Hose Transfers Open a New Door to LNG
First of its kind Cryoline floating LNG hose-in-hose transfer system improves safety and lowers operator costs – improving access to LNG fuel Trelleborg’s fluid handling operation, supplier of flexible bonded hose solutions for the crude oil…