The Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS) a contract under which the US firm will supervise the shipyard's building process of three oil tankers. Under the $400,000 contract, ABS, one of the world's leading ship classification societies, in collaboration with the Vietnam Register Agency will send its supervisors to the shipyard to supervise the quality of all stages to build the oil tankers, which will begin at the end of this month, said Dinh Tien Dung, Deputy Director of the Dung Quat shipyard. The first oil tanker with capacity of 104,000 DWT is expected to be handed over to the Vietnam Oil and Gas Corporation by mid 2008, helping meet the demand for the transport of materials and products for the Dung Quat Oil Refinery, the first of its kind in the country which is now under construction in central Quang Ngai province. (Source: http://english.vietnamnet.vn
Oslo-based FPSOcean acquired shuttle tanker Nordic Laurita and Aframax tanker Semakau Spirit for conversion into deepwater, dynamically positioned floating production, storage and offloading vessels (FPSO). FPSOcean is seeking to develop a fleet of four to six deepwater FPSOs over a period of the next five to six years. The 68,139-dwt Nordic Laurita, which was built in 1981, will be renamed the DeeP Producer 1. The vessel is undergoing its conversion into an FPSO at Dubai Drydocks in the
Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine has completed construction of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense for MODEC International LLC. Measuring 363m x 61m x 29m, the 356,400 dwt FPSO Fluminense has a production capacity of 81,000 barrels of oil per day and a storage capacity of 1.2 million barrels of oil. The conversion of this Ultra Large Crude Carrier (ULCC),
Gazprom says it has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement, they say, of their large-scale activities aimed at creating a large hydrocarbon production center in the region. The Prirazlomnoye oil field [scene of an earlier Greenpeace protest] is located in the Pechora Sea, 60 kilometers off the shore. The recoverable oil reserves amount to 71
The Chinese firms, China National Offshore Oil Corporation ( CNOOC) and China National Petroleum Corporation (CNPC), have a 10 percent stake each, with Shell and Total taking 20 percent each, and Petrobras the remaining 40 percent share. The Libra block is located in Santos Basin ultra deep waters in the pre-salt polygon and is considered a prospect of high potential. The total extension of the area is 1,547.76 km2 and was discovered by well 2-ANP-0002ARJS, drilled in 2010.
Constructed in China at the Qiu Xin Shipyard in Shanghai, Maria Desgagnes is a state-of-the-art double-hulled, ice class 1A, type 2 oil and chemical tanker, which is able to transport 12 different types of cargo at once. Featuring a total capacity of 15,570 cu. m., the vessel measures 394 x 69 ft. (120 x 21 m) requiring an investment of more than $35 million. The vessel is chartered by Petro-Nav, a subsidiary introduced by Groupe Desgagnes in 1996 with two other shareholders - Nicolas
Wärtsilä Corporation won a contract to supply a 31.5 MW diesel power plant for a floating production, storage and offloading (FPSO) vessel for the Mutineer-Exeter field of Santos Ltd off the north west coast of Australia. The plant has been ordered by MODEC Inc of Tokyo, Japan, a leading designer and supplier of FPSO vessels, floating storage and offloading (FSO) vessels and tension-leg platforms for the world oil and gas industry
On 8 July the StatoilHydro Houston subsidiary received first oil and gas from the Murphy Oil-operated Thunder Hawk field in the US Gulf of Mexico. The Thunder Hawk field production unit has a production capacity of 45,000 barrels of oil per day and 70 million cubic feet of natural gas per day (approximately 0.7 BCM per year). With the Tahiti production received in May, StatoilHydro has more than doubled its production from the Gulf of Mexico in a few months.
The environmental protest icebreaker 'Arctic Sunrise' has sailed back into Dutch territorial waters after over 300 days in Russian custody. The ship had been held illegally since taking part in a peaceful direct action against state owned oil company Gazprom, as it tried to drill the world’s first oil well in icy Arctic waters, says Greenpeace. Several members of the so called ‘Arctic 30’ were there to greet the ship and boarded the vessel in Beverwijk, near Amsterdam.
Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver its latest Floating, Production, Storage and Offloading (FPSO) project, Armada TGT 1, to Bumi Armada Berhad (Bumi Armada). Nelson Yeo, MD of Keppel Shipyard, said, "We would like to thank our valued customer Bumi Armada for entrusting Keppel Shipyard with the conversion of all their FPSOs. "The success of any complex conversion project depends on the trust and teamwork between a shipyard and its customers
Libra Consortium has signed a letter of intent with Odebrecht/Teekay (OOG-Teekay), winner of a tender process, for the charter of a FPSO-type platform (floating production, storage and offloading) designed for the extended well test campaign of Libra, in the Santos Basin pre-salt deposits
A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes Magazine, Batista says his debts now exceed his assets by $1
SBM Offshore is pleased to announce it has signed a Production Handling Agreement (PHA) with Noble Energy to produce the Big Bend and Dantzler fields to the Thunder Hawk DeepDraft (TM) Semi located in 6,060 feet of water in the Gulf of Mexico (GoM).
Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom , said that first oil was to be delivered via Iraq's pipeline system to the export terminal in Basrah
Salamander announces that first oil has been received in the tanks of the newly converted Suksan Salamander Floating Storage and Offtake Vessel (“FSO”) at the Bualuang field in the Gulf of Thailand. This is the culmination of the planned upgrade to the field’s facilities
Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said. Germany's Wintershall has also resumed production for the 220
BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering Company (Taknia), has been awarded a front-end engineering design (FEED) contract by Nafusah Oil Operations B.V
Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow Ghana Limited and its partners through the execution phase of the Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana. WGK will provide subsea, umbilical, risers
In recognition of the breakthrough new enhanced oil recovery – or EOR – technology, BP has been presented with the Distinguished Achievement Award. The award was presented on 4 May, 2014 at the Offshore Technology Conference (OTC) in Houston, Texas
1806 - Spring pole cable drilling developed in US. 1844 - Fluid circulating rotary well drilling patented in England. 1845 - Circulated fluid used to remove drill cuttings for first time. 1860 - Fluid circulation rotary diamond coring drill developed in France.
Greenpeace International has sent out a ship 'Rainbow Warrior'on Monday to confront the Russian Oil tanker bringing the first oil produced at a new Russian offshore platform in the Arctic Circle to Rotterdam. The oil was drilled at the Prirazlomnaya platform
McDermott International, Inc. reports that its subsidiary has become the first to install rigid reel-lay pipe-in-pipe in Asia-Pacific for the Siakap North-Petai (SNP) development project offshore Malaysia. At more than 3,900 feet (1,190 meters)
Russian President Vladimir Putin said on Tuesday that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves, days after it started shipping its first oil from the region.
President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70