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Blue Whale is Vietnam's biggest natural gas project, with an estimated 150 billion cubic meters of reserves, Reuters reported.
Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, and refining and petrochemical facilities.
As part of the agreement, GE will provide condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 to 12 years, according to the release. The agreement is a change from event and calendar-based maintenance to condition-based monitoring and maintenance.
The contract is the third fast-track jacket contract the company has won from Saudi Aramco in the last 18 months, Linh Austin, McDermott’s vice president, Middle East and Caspian, said in a Jan. 4 news release.
Seadrill signed a three-year contract extension with Saudi Aramco for the AOD III jackup rig, corresponding to a rate of $102,740 per day, according to a Reuters calculation.
The new production license replaced the previous five-year special permit for exploration, which expired on Dec. 25, 2015.
Mexico planned to announce the winners of the first phase of the so-called Round Two tender, which includes 15 shallow-water areas in the Gulf of Mexico, on March 22, Reuters reported.
Cameron, a Schlumberger (NYSE: SLB) company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at more than $350 million, according to a news release.
The news is encouraging for the FPSO sector, where activity has drastically slowed. Analyst says FPSO orders will increase in 2017.
Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO vessel and, subject to a final investment decision on the project in 2017, will construct, install and operate the vessel.
AISUS Offshore, a provider of remotely deployed inspection solutions, received 15 contracts and work scopes, and reported that 20% of its revenues are now generated by overseas business.
Mozambique has about 85 trillion cubic feet of gas reserves--enough to supply Germany, Britain, France and Italy for nearly two decades, Reuters reported.