Between 2014 and 2020, an estimated $60 billion will be invested in FLNG projects worldwide.
Lower demand, a flood of newbuilds, reduced rig rates and spending cutbacks by oil and gas companies have cast a cloud over the offshore drilling market.
Oil and gas companies are pursuing E&P plans in the Mediterranean Sea from the Spanish shores to the Israeli coast.
The Eastern Gulf of Mexico and the Pacific Outer Continental Shelf have vast potential, NOIA and API surveys conclude.
Petrobras has outlined its proven reserves as of the end of 2014, and detailed the dramatic role that the pre-salt has played in boosting those reserves in recent years.
2H Offshore is joining a JIP run by DNV GL to develop new design guidelines for thermoplastic composite pipes to advance the understanding and use of composites in the offshore sector.
Cosco has finally called time on its efforts to sell off the unwanted Octabuoy semisubmersible platform it had been well on the way toward completing for ATP Oil & Gas UK, with the fate of the structure as it is currently undecided.
Keppel Singmarine, the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured two contracts worth a total of about Sing $65 million (US$49 million).
In the "2015-2019 Floating Production Systems Outlook Report...