Drilling & production

A recently released report by GBI Research shows that high demand for hydrocarbons is set to boost offshore drilling in ultra-deepwater and harsh-weather environments.

Inpex, the operator of the Ichthys project, has announced that the winner of the FPSO contract will be named 'in the coming weeks.'

Inpex Corporation and Total S.A. (the Ichthys Owners) have made the Final Investment Decision (FID) for the Ichthys LNG project.

Nigeria’s largest oil union has threatened to completely cut off production in response to the scrapping of a fuel subsidy.

After a visit by US Treasury Secretary, Timothy Geithner, Japan has vowed to make 'concrete' steps towards ending its reliance upon imported Iranian oil.

Technip was awarded by Nexen Petroleum U.K. Limited a lump sum contract, worth approximately €135 million, for the Golden Eagle development located 110 km North-east of Aberdeen in 115 m of water. This contract is the largest ever awarded to Technip for a project in the UK Continental Shelf.

Scientists in London argue that fracking is unlikely to cause an earthquake greater than 3.3 on the Richter scale.

Mitsubishi Heavy Industries Compressor Corporation (MCO has received orders for three compressor trains and a power generation system to be used at Shell’s FLNG facility to the Prelude field located off the northwest coast of Australia.

Despite a tax increases and a murky economic outlook, a report by Wood Mackenzie reveals that capital investment in the UK oil industry hit a record breaking £7.5 billion last year.

FMC Technologies has signed an agreement with Anadarko Petroleum Corporation to continue providing subsea systems support.

US Treasury Secretary Timothy Geithner has met leaders in Beijing to discuss the possibility of Chinese support for sanctions on Iranian oil.

RenewableUK praises National Grid’s successful management of high levels of wind output as wind farms reach a high of 12.2% of the UK’s electricity demand.

FMC Technologies, Inc. has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately US$ 150 million.

Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea.

Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator's Bøyla project on the Norwegian continental shelf.