offshore platform
Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.
Total to focus on Caspian Sea Absheron gas field The French major Total and its partners, the State Oil Company of Azerbaijan Republic (SOCAR) and the other French oil and gas company GDF-Suez, are finalizing the conceptual design to develop the Absheron offshore gas field in the Azerbaijan Caspian Sea. This decision on the design to […]
Petrofac contracted as Block R Development Operator The London-based junior company Ophir Energy plc (Ophir) has appointed the engineering company Petrofac from UK, to support them for the development of the natural gas reserves held in the Block R, offshore Equatorial Guinea on the west coast of Africa. While listed in UK with main operations […]
Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de […]
Eni Nene Marine project to follow ongoing Litchendjili Last December Eni CEO Paulo Scaroni hosted a meeting in Roma with the President of Republic of Congo (Congo Brazzaville) to review the major discoveries made by the Italian company that could boost the economical and social development of the African country. In that respect the on […]
Abadi LNG to be expanded on conventional scheme The Japanese company Inpex and its Anglo-Dutch partner Shell have decided to use the conventional scheme, offshore – pipeline – onshore, to implement the full field development of the Abadi LNG project offshore Indonesia. With the Abadi project, Inpex and Shell intend to develop the Masela Block located at […]
Woodside to moore three Shell-type FLNGs on Browse Woodside Petroleum (Woodside) and its partners, Shell, BP, Mitsubishi-Mitsui (MIM), and China National Petroleum Corporation (CNPC or PetroChina) are setting up the benchmark for the development of the natural gas fields offshore Western Australia in confirming the decision to deploy a fleet of three floating liquefied natural […]
Chevron and partners pre-qualify contractors for Ubon The US super major Chevron and its partners, the Thailand national oil company PTT Exploration and Production Public Company Ltd (PTTEP), Hess from USA and Mitsui Oil (Mitsui) are currently running the pre-qualification process to select the contractors to be invited to bid (ITB) for the construction of […]
