Subsea 7 lands new work from Woodside off Australia

By _Offshore_Energy_Today_ Subsea engineering, construction and services company Subsea 7 has been awarded a ‘sizeable’ contract by the Australian energy company Woodside for the Greater Western Flank Phase 2 (GWF-2) project, offshore Australia. According to Subsea 7, a sizeable contract is defined as being between $50 million and $150 million. Woodside approved the Greater Western…

Tom Walters to retire as president of ExxonMobil Production

By LNG World News Energy giant and LNG player, ExxonMobil said Tom Walters, president of ExxonMobil Production Company, will retire after more than 38 years with the Texas-based company. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the board of directors to be president of ExxonMobil Production Company and elected to…

Peruvian offshore block could hold almost 1 billion barrels of oil

By _Offshore_Energy_Today_ Baron Oil said its Peruvian block in the offshore Talara Basin might hold some 900 billion barrels of oil recoverable. This is a figure the London-listed, South America-focused oil company revealed on Wednesday, providing the latest estimates of Unrisked Prospective Resources for blocks Z-34 in Peru. According to Baron, the estimations were carried…

Report: OPEC deal pushes Asian LNG prices to $7.40/mmBtu

By LNG World News For Illustration only (Image courtesy of Tokyo Electric)OPEC’s recent announcement it would cut crude oil production has boosted Asian spot LNG prices to their highest this year so far. Spot prices for Asian LNG increased 30 cents from last week to around $7.40 per million British thermal units (mmBtu), Reuters reported…

Cluff boosts Southern North Sea resources

By Offshore Energy Today.. London-based investment company Cluff Natural Resources (CLNR) has increased its resources in the Southern North Sea license following receipt of recently reprocessed 3D seismic data. The company on Thursday reported a ‘significant increase’ in P50 Prospective Resources on its 100% owned License P2252 from 162 BCF to 636 BCF following technical…

Libra FPSO named in Singapore (GALLERY)

By Offshore Energy Today.. The naming ceremony for the floating production offloading and storage (FPSO) unit Pioneiro de Libra took place on Friday, December 2 at Sembcorp Marine’s Jurong Shipyard in Singapore where the conversion of the Libra FPSO has been taking place since 2014. The FPSO is owned through a 50/50 joint venture between…

Eni: One dead after platform catches fire offshore Congo

By Offshore Energy Today.. Italian oil company Eni has informed that on Thursday, December 1, 2016, a fire occurred on the Foukanda platform, located offshore the Republic of Congo, causing the death of one person. According to Eni, the platform was immediately evacuated and the fire was extinguished by the emergency teams, bringing the situation…

Apache offloads North Sea pipeline stake

By Offshore Energy Today.. Oil and gas company Apache is selling its interest in the Scottish Area Gas Evacuation system (SAGE) and Beryl pipeline. The buyer has already lined up Wood Group as the operating partner at SAGE and Beryl. Ancala Midstream informed on Wednesday it will acquire Apache’s 30.28 percent share of SAGE, and…

Wipro awarded IT infrastructure deal from Woodside

By LNG World News Pluto LNG facility (Image courtesy of Woodside)India’s information technology, consulting, and business process services company Wipro won a three-year IT infrastructure services and digital transformation contract by Woodside. Under the contract Wipro will provide managed services for IT Infrastructure across Woodside’s global portfolio, with a focus on the larger sites of…