Neptune Marine Services Limited announces it has been awarded a contract from MODEC to complete new works at the MODEC Venture 11 floating production, storage and offloading facility (MV11) in the Carnarvon Basin located 160 kilometres north of Karratha, Western Australia. The contract will deliver
LS Cable & System (Chairman & CEO Christopher Koo) announced that the Letter of Award (LOA) has been received for the contract of submarine power cable project worth over $440 million (about KRW50 million) ordered by Qatar Petroleum. This project is to install two 100km-long circuits i.e. 200km of 1
MEO Australia Limited advises that it has Executed a Private Placement Agreement with Asian Energy Limited, a company managed by Noonday Asset Management Asia Pte Ltd (Noonday), to raise $10.0 million, to provide working capital to fund the production testing of Gurame-1XST1. Under the agreement, ME
Marin Teknikk AS has signed a contract for design and engineering of a new Subsea Support & Construction vessel for Otto Candies LLC in Des Allemands, Louisiana, USA. The vessel will be built on the owner’s private shipyard, Candies Shipbuilders. The ship is a new design from Marin Teknikk called MT
DOF Subsea Group has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico over the last couple of weeks, with a total contract value of about USD 50 million. In the Asia Pacific region DOF Subsea has secured several contracts for a four month campaign offshor
ViaLogy PLC announces it has initiated work on a North Sea project for one of the largest geosciences companies. In developed fields such as the North Sea the challenge of locating additional deposits is a well-known impediment to continued economic production. Yet exploitable reserves remain if the
Veripos, world leaders for provision of high-precision GNSS positioning solutions to the offshore oil and gas industry, has been awarded a two-year extension to its present contract with seismic survey specialists SeaBird Exploration FZ-LLC of Dubai, a division of the Norwegian SeaBird Exploration G
QGOG Constellation S.A. announced today that on November 14 it exercised, through one of its affiliates, an option for an advanced-capability DP3 ultra-deepwater drillship to be constructed by Samsung Heavy Industries Co. Ltd. (“SHI”). This will be the third drillship with SHI in South Korea and is
FMC Technologies, Inc. announced today that it has received an order from Statoil for additional subsea equipment for the Tyrihans field. The order has an estimated value of $39 million in revenue. This order covers the supply of two subsea trees and three choke modules. The equipment is scheduled f
A senior delegation from the Governmentally-owned Ocean University of China arrived in Israel and signed MOU with Eco Wave Power. The MOU between EWP and OUC is meant to lead to the implementation of Eco Wave Power’s unique technology across a wide-range of wave-prone regions in China. According to
His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, Chairman and Managing Director of Qatar Petroleum, and Yves-Louis Darricarrère, Total’s President, Upstream, signed a Heads of Agreement on Al Khalij field, offshore Qatar, for a further 25 years. L
The South Stream Transport Board of Directors which includes representatives from Gazprom, Eni, EDF and BASF yesterday in Milan, Italy discussed the key issues of the South Stream project and adopted the final investment decision for the offshore gas pipeline section. The financial details of the FI
Singapore LNG Corporation has awarded a FEED contract to WorleyParsons Pte to define the scope of the expansion of its LNG Terminal send-out and storage capacities. The expansion plans include the installation of additional facilities to increase the Terminal’s capacity from its current 6 million to
Technip was awarded by Shell Global Solutions (Malaysia) Sdn Bhd a framework agreement for offshore facilities in a region covering Asia, Australia, and New Zealand (“East region”). The contract is for a period of five years, with an additional five-year extension option. The contract concerns engin
