Drilling & production

Oil and Gas engineering Solutions is to perform FEED studies for Excelerate Energy’s Lavaca Bay LNG Floating Liquefaction Storage and Offloading Project.

Bordelon Marine Inc. announces the expected delivery of the first of three vessels from the new Stingray class series 252 foot DP2 PSV and MPSV. All of the vessels will be built at the Bordelon Marine Shipyard in Houma, LA.

GE has received orders to supply propulsion systems totaling 1105 MW for 23 new LNG ships in South Korea. The orders come from Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries.

Technip was awarded a five-year inspection, repair and maintenance (IRM) frame agreement contract by ConocoPhillips (U.K.) Limited for various assets in the Central, Southern North Sea and East Irish Sea.

The feed contract for an oil and gas FPSO facility offshore Angola has been awarded to KBR.

Osaka Gas and Chubu Electric have acquired liquefaction rights to Train 1 of the Freeport LNG facility, the agreement clears the way for them to export LNG from the US mainland.

BP has been ordered by a Russian court to pay US$ 3.1 billion in damages to TNK-BP.

Air Products has announced plans to expand its LNG heat exchanger manufacturing capacity at a new facility in Florida.

Asia is expected to lead the way with FLNG developments adding flexibility to offshore drilling programmes.

An international tribunal has ordered the Russian government to compensate a group of Spanish investors for the losses they suffered when Russia seized the Yukos Oil Company, one of the largest oil and gas companies in the world.

Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy.

Technip has reported a 1.3% rise in net profits for Q2 and lower oil prices have yet to take their toll on the company’s outlook for the rest of the year.

Libya’s Deputy Oil Minister, Omar Shakmak has said that he expects the country’s oil production to return to its pre-war levels by October.

Tullow has posted a boosted net profit for the first half of 2012 as a result of a farm-down of the company’s Ugandan assets.

US authorities have launched a “multi-week” live drill to test their ability to deal with a major offshore oil spill.