Insights

To meet the Malaysia oil & gas production targets, Hess and Petronas have decided to speed up the development of the Kamelia and Belud oil fields. On Kamelia in the North Malay Bassin, Hess has awarded a letter of Intend to Emas Offshore Production & Construction (EOCL) to charter a FPSO for a first period of […]

Shell is operating the Malampaya gas field with 45% share, at the same level as Chevron while the local Philippines National Oil Company, PNOC, owns the remaining 10%.  The third phase of Malampaya will suppose the construction of an offshore compression platform. This platform should be built in the Philippines and should be the first […]

Definition: “Semisubmersible” or “Semisub-” is referring to Offshore drilling rigs so called because they are combining the advantages of submersible rigs with the ability to drill in Semisubmersible drilling rig. The Semisubmersible drilling rig is made of a floating structure having vertical hollow legs connected to horizontal pontoons used for ballasting with seawater for stability. It also has numerous large heavy anchors which keep it secured […]

Chevron is planning to spend $3 billion in Indonesia this year where Gengalo and Gehem should take a major part. While Technip is performing the FEED for these two large FPUs, Chevron is completing the qualification process of the potential contractors to receive an invitation to bid (ITB) this quarter. For this FEED , Technip has involved its Jakarta […]

With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper. From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic […]

Definition: “Jack-up” is the name given to a category of offshore drilling rigs. These Jack-up rigs are easy to recognize by their long steel frame legs supporting the platform. Comments: There are three basic types of offshore drilling rigs, Jack-up, Drilling ships and Semi-submersible. These types have different design and costs, the choice depends on the […]

Converting crude Supertankers or Very Large Crude Carriers (VLCC) into FPSOs is part of Petrobras program to speed up offshore oil fields development. The consortium made of Odebrecht, OAS and UTC, called the Enseada do Paraguacu consortium, has been awarded this contract on Lump-Sum-Turn-Key basis for an amount below $1.75 billion. Petrobras acquired last year these […]

 The European Petroleum & Chemical Industry Committee (PCIC Europe) has finalized the agenda of the next Conference in Prague on June 19th – 21st.  PCIC Europe is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and […]

Definition: “PCIC Europe” stands for the Petroleum and Chemical Industry Committee in Europe. PCIC Europe was created in 2003 as the regional extension of PCIC North America, the Petroleum and Chemical Industry Committee of the IEEE in USA. Today is the premier European forum for the exchange of experience in the practical application of electricity and instrumentation in the petroleum, chemical and pharmaceutical industries, including all upstream and downstream activities. […]

TransCanada Corporation will invest $500 million in the Tamazunchale – El Sauz Pipeline Extension in Mexico. TransCanada will build and operate this pipeline with a 25 years natural gas transportation service contract by the Comisión Federal de Electricidad (CFE), Mexico‘s state-owned power company. The project is designed with following key figures: 235 kilometers (146 miles) long capacity […]