vessels

Sete Brasil confident to deliver its 29 pre-salt oil-rigs program ontime

Sete Brasil secured financing for nine first drilling ships Sete Brasil Participacoes SA (Sete Brasil) secured $3.7 billion loan to finance the first series of nine drilling rigs out of its $20 billion capital expenditure program for the construction of 29 rigs required by Petroleo Brasileiro (Petrobras) to develop the pre-salt crude oil in the …

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Pakistan LNG Terminal to become real in Port Qasim near Karachi

Sui Southern Gas in $1.4 billion deal with Engro Vopak The Pakistan midstream Sui Southern Gas Company (SSGC) is in final talks with the joint venture Engro Vopak Terminal Limited (EVTL) to build and operate a large greenfield liquefied natural gas (LNG) import terminal at Port Qasim near Karachi in Pakistan. In parallel the Pakistan …

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One Day – One Country: Australia

Australia Key Projects and Business Highlights The first half of year has rang in Australia as a fresh wake up call on early morning when the major companies  having interests in this country such as Apache, BG, BHP Billiton, Chevron, ExxonMobil, China National Petroleum Corporation (CNPC or PetroChina), Inpex, Shell, Total and even Woodside started to blow …

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Gazprom to revive its old Baltic LNG project to substitute Shtokman

Gazprom accelerates its export LNG terminal projects After the expansion of the Sakhalin-2 LNG project and the future Vladivostok LNG project on the east coast, the Russian gas leader Gazprom is looking west and investigating solutions to substitute the challenging Shtokman project in reviving the old Baltic LNG project on the Gulf of Finland. Among all the …

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Anadarko at feasibility study on Offshore Mozambique LNG

Anadarko combines subsea and FPU in Rovuma Area-1 The Houston based Anadarko Petroleum  (Anadarko) and its partners  Mitsui E&P (Mitsui), BPRL Ventures Mozambique B.V. (BPRL), Videocon Mozambique Rovuma (Videocon), PTTEP and ENH, are exploring all the potential solutions for the offshore part of its liquefied natural gas (LNG) project in the area-1 of the Rovuma Basin Offshore Mozambique. Since 2011, Anadarko accumulated major discoveries in the Area-1 …

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Rosneft and ExxonMobil to team up on $15 billion Sakhalin LNG project

Rosneft and ExxonMobil to export LNG from Russia During a visit in April on the Sakhalin-1 facilities, Rosneft Chief Executive Officer Victor Sechin announced his intention to export liquefied natural gas (LNG) from Russia in joint venture with his partner ExxonMobil in Sakhalin-1 on the far east of Russia. Mr Sechin indicated that this Russia …

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In Scarborough, Browse, Stockman, Majors see FLNG to cut costs

ExxonMobil, Woodside, Statoil ready to board on FLNG Earlier this month, ExxonMobil and its partner BHP Billiton (BHP) unveiled  their project to introduce their first floating liquefied natural gas (FLNG) vessel as the remedy to stop the costs inflation of its Scarborough natural  project offshore Australia. A week later, the Australian company Woodside Petroleum (Woodside) …

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Petrobras to lease FPSOs to secure Brazil 2017 targeted oil production

SBM and Modec to charter three FPSOs to Petrobras The Brazil national oil company Petrobras signed with SBM Offshore (SBM) from The Netherlands two chartering contracts for floating production, storage and offloading (FPSO) vessels to substitute the P-66 and P-67 FPSOs currently in construction and planned for the Lula field. These contracts with SBM come in …

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Eni and Anadarko in parallel talks for partnership in Mozambique

Eni ready to sell 20% stake in Rovuma to CNPC Although Eni from Italy and Anadarko Petroleum  (Anadarko) from US had decided to team up in the onshore part of Mozambique liquefied natural gas (LNG) project, the both companies are searching for separated partnerships to develop the super-giant natural gas fields of the Rovuma basin. The size and complexity …

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Kuwait Clean Fuels Project reaches EPC bids stage

KNPC awarded PMC contract to Foster Wheeler On December 23rd, 2012, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) selected Foster Wheeler for the project management consultancy (PMC) contract of the multi-billion Clean Fuels Project (CFP). In Kuwait, the CFP project, as well as the New Refinery Project (NRP) were left on hold nearly four years …

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