Petrofac has ended its contract with ZPMC due to concerns with ZPMC’s performance regarding construction of the proprietary design Petrofac JSD 6000 deepwater multipurpose offshore vessel, Petrofac said.

Ocean Rig, drillship, semisubmersible, cold stacked, scrapped, rigs, Quest Offshore

The report comes as the oil and gas industry continues to endure bleak market conditions with low commodity prices that have caused companies to cut spending and reduce drilling activity.

The contract awarded to Kvaerner Verdal covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup processing platform. The contract awarded to Dragados Offshore S.A. covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup utility and accommodation platform. 

Installation of two jackets in the Bul-Hanine Field offshore east of Doha has been scheduled to be completed by December 2016 with the remaining two scheduled for completion in July 2017. The total weight of all four structures combined is 3,495 tons.

Most parts come from onshore rigs, but Noble removed a helipad and crew cabin’s floor from a retiring rig. These parts then improved an offshore rig contracted to Hess, Reuters said.

The order arrived from a supermajor operator. Deep Down will deliver new systems and equipment for installation in the Gulf of Mexico in 2016--the largest order in its history.

With subsea operations continuing to push the boundaries to meet the market’s increasingly stringent requirements, electric ROVs are narrowing the capability gap on their hydraulic cousins.

The reduction in the week ended Oct. 2 brought the total rig count down to 614, the least since August 2010. In the previous four weeks, drillers cut a total of 35 rigs, oil services company Baker Hughes Inc. said in its closely followed report.

GCDT fits fully into Prysmian’s expansion strategy in subsea umbilicals, risers and flowlines and complements its product range. The portfolio of protectors will be enhanced, the company added.

The central processing facility, understood to be the world’s largest semisubmersible, was officially launched from the offshore floating dock at the Samsung Heavy Industries shipyard in Geoje, South Korea, where it has been under construction since 2013.

Malaysia, FLNG, PFLNG 1, Petronas

The unfolding global story of FLNG is being spearheaded by the Southern Hemisphere. While most of the noise so far has been made by the operators of Australia’s megaprojects, it is Malaysia that has been quietly setting the pace.

Seadrill said it remains in discussions with Husky to find an alternative solution to meet its drilling requirements.