Stories

Trelleborg Selected for FPSO Water Injection Package

May 7, 2014

The pump manufacturer Ruhrpumpen has chosen Trelleborg Gimbal Mountings for its water injection package for LNG in Gjerdrum, Norway. The package is placed on a special designed Floating Production, Storage and Offloading (FPSO) unit from Sevan Marine, the Sevan Voyageur.

HSOG, Chowgule Create India Offshore Service Hub

May 6, 2014

International oil and gas service specialist HSOG has joined forces with the Chowgule Group, a multi-industrial International conglomerate, to offer a full range of maintenance and modification services to the offshore sector to service the international market.

Lankhorst Mooring Ropes for Western Isles Development FPSO

May 5, 2014

Lankhorst Ropes won a contract by Aberdeen based Dana Petroleum to provide Gama 98 polyester mooring lines for the Western Isles Development FPSO vessel (Floating Production Storage and Offloading). Given the weather conditions in the North Sea…

Floating Production Systems Report And Online Database

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Gresik-Semarang Gas Pipeline Project To Start In June

May 4, 2014

PT   Pertamina   Gas (Pertagas), a unit of   Indonesia 's state oil and gas firm Pertamina , expects work on its 271-kilometer gas pipeline project linking   Gresik and   Semarang   to commence in June, said CEO   Hendra Jaya . The $500-million project is expected to be completed within 18 months.

McDermott Fast-Track Indonesia Offshore Heavy Lift Barge

April 30, 2014

McDermott International, Inc. apprise that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia. Response time to fast-track work is just one of the key elements to a successful project outcome…

Exxon Mobil Corporation Declares Q2 Dividend

April 30, 2014

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 69 cents per share on the Common Stock, payable on June 10, 2014 to shareholders of record of Common Stock at the close of business on May 13, 2014.

ABS Reports Continued Successes in 2013

April 30, 2014

ABS hosted its Annual Meeting in New York on April 29, 2014. ABS Chairman and CEO Christopher J. Wiernicki said, "ABS had another strong performance year and achieved several milestones during 2013 as the global economy began to strengthen."…

The History of Offshore Energy

April 30, 2014

Offshore exploration is a history of man v. nature, with ever bigger technology and investment   Prospecting for oil is a dynamic art. The greatest single element in all prospecting, past, present and future, is the man willing to take a chance…

Spike Increases Barents Sea Presence

April 29, 2014

Spike Exploration Holding AS (Spike) has recently signed an agreement with Tullow Oil Norge AS to swap a 15% interest in licence PL494/B/C for a 15% interest in PL722. PL722 is located in the Hoop area in the Barents Sea. The prospectivity of the PL722 acreage is very attractive…

XPD8 Seals Ghana FPSO Contract

April 28, 2014

Asset integrity management specialist XPD8 Solutions said it has continued its recent success in West Africa for work off the coast of Ghana. Over an 18-month period, the company will develop the maintenance program and inventory data for MODEC’s TEN MV25 floating production…

North Sea Crude-Forties Firms on Buzzard Supply Cut

April 25, 2014

North Sea Forties crude differentials rose on Friday, supported by the ongoing supply cut from Nexen's Buzzard field, which has delayed loading of a number of April and May cargos. Nexen said this week that output from the Buzzard oilfield had…

Oil Firms Sweat Aging North Sea Assets

April 25, 2014

Services firms compete for late life assets; $335 billion prize still up for grabs. Streamlining processes and better planning are vital. Smaller oil producers are teaming up with engineering and oil services companies in Britain's North Sea…

Gulf Island Fab Reports Q1 2014 Revenue Increase

April 25, 2014

Houston headquartered Gulf Island Fabrication, Inc. reported net income of $3.5 million ($0.24 earnings per share) on revenue of $134.7 million for its first quarter ended March 31, 2014, compared to net income of $2.8 million ($0.19 earnings…

Safety the Focus as Heavy Lifting Picks Up

April 23, 2014

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that requires consistent monitoring of man, machine and procedure to ensure they are conducted in as an efficient and safe manner as possible.

New Malaysian Offshore Gas Pipeline Safely Tested

April 23, 2014

T.D. Williamson (TDW) announced that as the result of a pressure isolation carried out on a major export gas pipeline offshore Malaysia, the pipeline was safely hydro-tested and made ready for commissioning. The isolation was carried out by…

McDermott Elect G.P. Luquette Board Chairman

April 23, 2014

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014.

MTR April 2014: Editor's Note

April 22, 2014

While the Offshore Oil & Gas markets continue to push further from shore in ever-deeper waters, the need for proven technology to work more efficiently in increasingly hostile and unfamiliar environments grows in tandem. And while growth in the energy sector continues to energize multiple markets…

Offshore Floating Production Hits Headwinds

April 22, 2014

Floating Production inventory continues to grow, but rising costs, shale oil and gas are starting to create significant headwinds Floating production has been one of the most significant developments in the oil and gas industry over the past four decades.

Lundin Book US$66-Million Offshore Exploration Costs

April 22, 2014

Swedish oil explorer Lundin Petroleum will book a net exploration cost of $66 million in the first quarter of this year, it said on Tuesday. "During the Period, Lundin Petroleum completed two exploration wells in Norway and two exploration wells…

World Petroleum Congress to be held in Moscow

April 20, 2014

Deputy Prime Minister of the Russian Federation, Arkady Dvorkovich, has confirmed that the 21st World Petroleum Congress will be held in Moscow from 15 – 19 June 2014. The congress will be the largest international event in the global oil and gas industries.

TEPNG Integrates AVEVA Engineering & Design

April 17, 2014

AVEVA announced that TOTAL E&P Nigeria Ltd. (TEPNG) has adopted AVEVA’s Engineering & Design solutions as part of an Integrated Engineering & Design approach. TEPNG is the operator of a joint venture with the Nigerian National Petroleum Corporation (NNPC).

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