WATCH: Float-Over Topside Installation Using Dynamic Positioning

2014-May-1

This video shows the float-over installation of a 15,748 ton topside on an offshore facility off Malaysia using dynamic positioning and the Dockwise-managed heavy lift vessel HYSY 278. The operation was the 13th DP float-over for the marine management and consultancy company ADPS, which provides the DP expertise to the heavy lift vessels and their crew. According to the … [Read more...]

Sembcorp Bags Even Bigger Culzean Field Contract

Illustration: Maersk Oil

  Another huge contract handed out today by Maersk Oil one day after the company and its partners won UK approval for the multi-billion development of the giant Culzean gas field in the North Sea. Earlier today we reported that Subsea 7 won a $150 million subsea, umbilical, riser and flowline (SURF) contract for the field from Maersk Oil. Now it seems Singapore's … [Read more...]

Subsea 7 Lands $150 Million Culzean Field Contract from Maersk Oil

Seven Borealis file photo: MarineTraffic.com/

  Offshore contractor Subsea 7 says it has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea. The contract award comes just one day after Maersk Oil won approval from the UK's Oil & Gas Authority to develop the field, said to be the largest gas field … [Read more...]

Egypt Keeping Eni’s Giant Offshore Find for Itself

An offshore supply vessel in Egypt's Port Said. File Photo: BigRoloImages / Shutterstock.com

  By Maher Chmaytelli (Bloomberg) -- Egypt plans to keep all the natural gas produced at a giant field Eni SpA found off its Mediterranean coast to itself, heightening competition among gas producers in the Middle East and Africa. “This field is now in competition with the ones in Cyprus, Israel, Mozambique, Tanzania and Iran,” Thierry Bros, an analyst at Societe … [Read more...]

World’s Top Oil Trader Sees $40-$60 a Barrel in 2016

Photo: Shutterstock/Nightman1965

  By Javier Blas and Will Kennedy (Bloomberg) -- Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader. The oil-production surplus means stockpiles will keep expanding for “the next few quarters” and excess inventories won’t clear until 2017 at the earliest, Vitol … [Read more...]

Maersk Oil Approved to Develop Large Culzean Field in UK North Sea

Illustration: Maersk Oil

  COPENHAGEN, Aug 31 (Reuters) - Maersk Oil has received approval by the UK's Oil & Gas Authority to develop the largest gas field discovered in the UK North Sea in more than a decade, the Danish oil company said on Monday. The Culzean field is expected to produce enough gas to meet five percent of total UK demand at peak production in 2020/21. Discovered … [Read more...]