Offshore O&G investment to jump in 2019
Halliburton of the US forecasts that this year's investment in offshore oil & gas segment will grow sharply. The one of the world's largest oil field service companies has recently announced its 1Q business results, expecting total g...
Barossa FPSO right on track
Barrosa LNG project of Australia is getting more and more momentum. Choi Kwang-Sik, a researcher at Hi Investment & Securities, reported on April 22 that FID for the project is likely to emerge between the end of 2019 and early 2020. Ac...
LM Wind Power made the longest turbine blade
LM Wind Power announced that the company has produced the world’s largest wind turbine blade – the first blade to surpass 100 meters in length. The 107-meter blade has completed the molding process at our factory in Cherbourg, France. The ...
Seaway 7 selected for HKZ OWF
Subsea 7 announced that Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid (HKZ) 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 mon...
SHI celebrates the winning of a large FPSO
Samsung Heavy Industries (SHI) announced on April 22 that it won a construction deal of an FPSO worth KRW1.1trn (around $970m) with an Asian owner, on a condition of the approval of the orderer's partner companies and related government authoriti...
BP sanctions $6 billion Azeri Central East development
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. The $6 billion developme...
JAPEX to drill exploratory well
Japan Petroleum Exploration Co., Ltd. (JAPEX) started the exploratory drilling at offshore Hidaka area of Hokkaido on April 13, as part of the offshore exploration project commissioned by the Agency for Natural Resources and Energy of the Ministr...
BV receives full NTP on conversion of Golar FLNG
The full notice to proceed (FNTP), following a limited notice in December 2018, enables Black & Veatch to team with Keppel Shipyard Limited to convert the Gimi into an FLNG vessel supporting the development of Phase 1 of BP’s Greater Tortue...
Schlumberger announces 1Q results
2019—Schlumberger Limited (NYSE:SLB) reported results for the first quarter of 2019. Schlumberger Chairman and CEO Paal Kibsgaard commented, “First-quarter revenue of $7.9 billion declined 4% sequentially, reflecting the expected reduction...
SOFEC provides mooring for Petronas FLNG
MODEC, Inc. (“MODEC”) announced that SOFEC, Inc. (“SOFEC”), a MODEC Group company, has completed the Engineering, Supply and Delivery of Mooring System (Chains & Anchors) contract for PETRONAS Floating LNG 1 (L) Ltd (“PFLNG1”). Th...
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