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US Drillers Add Oil Rigs for 7th Week in a Row
U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added 12 oil rigs in the week to Dec. 16, bringing the total count to 510…
Maritime Reporter TV Goes "Mobile" with DNV GL
On December 13, 2016, Knut Ørbeck-Nilssen, CEO Maritime, DNV GL, conducted an interview with Maritime Reporter TV's Greg Trauthwein at DNV GL's Washington, DC office. Ørbeck-Nilssen provided candid commentary on the pace and direction of the offshore and maritime market recoveries…
DSME, Kongsberg Maritime Join Forces
DSME and Kongsberg Maritime have signed a Joint Development Agreement (JDA) for a new LNG FSRU regasification control system. As part of the delivery scope for a vessel currently under construction at the Okpo shipyard in South Korea, DSME will…
US Maritime Technology Export Initiative: Application Open
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically…
Höegh LNG, SHI Ink FSRU Deal
Höegh LNG Holdings Ltd. has signed a Letter of Intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries (SHI) in South Korea. The 170,000 m3 FSRUs have regasification capacity of 750 MMScf/day and full trading capabilities.
Offshore Deepwater Rebound?
Statoil awarded licences in Mexico’s Deepwater round Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1. The blocks cover an area of about 5,650 km2 (18,500 square miles) in the largely unexplored deepwater areas of the Saline Basin.
Production Vessel En Route to North Sea Kraken Field - EnQuest
The vessel needed to start production at EnQuest's Kraken oil field in the North Sea sailed away from Singapore on Nov. 23, the company said, indicating the oil field's start-up schedule remains on track. The field, one of the largest oil fields currently being developed in the North Sea…
New Drillship Design Offers Cost Efficient Deep-water Capabilities
The Scylax is designed to make developments available in the mid to deep–water market at reduced building and operating costs by providing fit-for-purpose capabilities. The key is to focus on the essential functionality for deep-water drilling.
Teamwork Smoothes Complex FPSO Repair
Work to repair five separate areas on board FPSO FPF-003, operated by Petrofac South East Asia Pte Ltd using SPS has been completed on-station in the Mubdala, Jasmine oil field. The repair work on this ABS classed vessel, built in 1976 and converted in 2005…
BW Offshore Prepares Bid for Two Petrobras Projects
* Floating oil production, storage and offloading (FPSO) firm BW Offshore is bidding on contracts for the Libra 1 and Sepia oilfields offshore Brazil * CEO Carl Arnet says expects to deliver tenders to Petrobras on Libra I in December and on Sepia in January * CEO Arnet expects first award in first half 2017 and the second one shortly after * CEO says contract length 21 and 20 years * CEO says will base bids on conversion of the FSO (floating storage offloading) unit Belokamenka
ExxonMobil Inks Deal to Collaborate on Caledonia LNG Project
ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the “Caledonia LNG ” project. The aim is to develop the infrastructure, storage and technical…
Nakilat Transfers LNG Umm Slal to in-house Management
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Umm Slal from STASCo (Shell Trading and Shipping Company Ltd.) effective November 23, 2016, as part of the planned transition announced last month. With a cargo carrying capacity of 265,978 cu.
Seadrill Q3 core earnings beat forecast, shares up
Rig firm Seadrill : * Q3 revenues $743 million (Reuters poll $722 million) vs $985 mln a year ago * Q3 EBITDA $441 million (Reuters poll $395 million) vs $546 mln a year ago * Shares up 3.1 percent at 0913 GMT, making it the third-strongest…
Petrobras to Review Workers Profit-sharing Pact
Petroleo Brasileiro SA , the world's most indebted large oil company, is reviewing terms of a profit-sharing accord with workers, as rifts between the Brazilian state-controlled company and unions escalate, the Valor Econômico newspaper reported on Tuesday.
EnQuest: Kraken FPSO to Sail for North Seas
EnQuest PLC stated that following good progress on commissioning the water systems, the Floating, Production, Storage and Offloading ('FPSO') vessel, Armada Kraken for the Kraken field development, is expected to sail away in the coming days…
Petronas Achieves First Gas for Floating LNG Facility
Malaysian state-owned oil firm Petroliam Nasional Bhd said on Thursday it achieved first gas this week for its first floating liquefied natural gas (LNG) facility in offshore Sarawak, east of the country. Petronas said in a statement the LNG…
MPFSV Harvey Stone Delivered to Harvey Gulf
The Harvey Stone is a Multi-Purpose Field Support Vessel (MPFSV) that will serve as a dedicated field support vessel for the Shell Stones FPSO offshore terminal. Her primary duties will be to operate as the dedicated pull-back tug, in support of…
Danos Builds Boarding Valve Skids for Shell Appomattox
Danos said it has completed the fabrication of three boarding valve skids and one service line skid for Shell Offshore Inc.’s deep-water Appomattox facility. Requiring approximately 12 months to complete, the project engaged four Danos service lines…
Petrobras CEO Says Expects More Divestitures in Oil Industry
Global upstream investment is likely to fall next year and industry divestitures could reach $35 billion, the head of Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday. Petrobras' Chief Executive Officer Pedro Parente told…
Petrobras May Revise Prices Again within a Month, Director Says
Brazil's Petrobras refining and natural gas director, Jorge Celestino, said in a conference call with analysts on Friday that the state-controlled oil company may decide to make a new fuel price adjustment within a month. Petrobras' new pricing…
Ophir, OneLNG JV to develop Fortuna FLNG Project
Ophir Holdings & Ventures LTD ("Ophir"), a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM, a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, announce that they have signed a binding Shareholders' Agreement…