Malaysian oil and gas company Petronas wrapped up an extremely difficult 2015 with a net loss and lower revenues amidst a depressed oil price environment. The company said on Monday it will reduce its spending in 2016 which will impact the company’s current projects, including its second floating li
Eni might be close to making a final investment decision on its offshore natural gas development project in Mozambique. Luca Bertelli, Eni’s Chief Exploration Officer, said on Tuesday during the IHS CERAWeek conference in Houston, that Eni is expecting to receive a Plan for Development and Operation
Cape plc, a provider of industrial services to the energy and natural resources sectors, has secured a contract with Samsung Heavy Industries (SHI) in South Korea for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit. The contract is for the installation of insulation to the cryogenic pipew
Barakah Offshore, a Malaysian provider of oilfield services, has been selected by Petronas to work on what is expected to be the world’s first Floating LNG unit – the PFLNG1. According to a Bursa Malaysia filing on Tuesday, Barakah Offshore’s subsidiary PBJV will be responsible for the post installa
Höegh LNG Holdings on Tuesday announced its decision to put all FLNG activities on hold and to allocate all resources and capital to its core business; floating storage and regasification units (FSRUs). According to Höegh, this is where the company sees the highest return on invested capital and the
Malaysian oilfield services provider SapuraKencana has through its joint venture with GE Oil and Gas won a contract to work on Petronas’ Floating units – PFLNG 1 and PFLNG 2. The company named SapuraKencana GE Oil & Gas Services Sdn Bhd will be responsible for a comprehensive maintenance of GE-suppl
Ophir Energy, an independent oil and gas company, and Schlumberger, the world’s largest oilfield services provider, have entered into a non-binding Heads of Terms Agreement whereby Schlumberger will get a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea. Fortuna sits wit
Golar LNG has signed a Memorandum of Understanding with Schlumberger, the world’s largest oil services provider, to co-operate on the global development of greenfield, brownfield and stranded gas reserves. Under the memorandum, Golar and Schlumberger have agreed to jointly market gas monetization so
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be l
Offshore service contractor POSH Terasea has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (“FLNG”) platform – the world’s largest offshore facility ever constructed. POSH Terasea is a joint venture between PACC Offshore Services Ho
Malaysia’s oil and gas giant Petronas has said that its first floating LNG unit, the PFLNG1, remains on track for first production in 2016. Petronas on Tuesday said the PFLNG1 has reached a 95% overall progress in its construction. The vessel, being built in South Korea by Daewoo Shipbuilding Marine
The Anglo-Dutch oil and gas major Shell recently shared a video tracking the 2015 progress of the company’s first ever FLNG project, Prelude, that will be located offshore Western Australia. The video covers the installation of the last giant topside module in South Korea, through subsea equipment i
Wood Group has secured its third front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development. Under a new 12-month contract awarded by Shell, Wood Group Kenny (WGK) will carry out flow assurance and process integration
Wood Group, an international oilfield services provider, has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) development offshore Western Australia. Under the new contract with Woodside, effective immediately, Wood Group K
