Partner, I’ve Got A Headache, Or, How To Make Your JV ‘Marriage’ Work

Like in a marriage, partners in an energy JV must plan ahead, communicate and develop trust.

As part of the multiyear contract GE will supply subsea production systems, ancillary equipment and services for Phase 1 of the natural gas project in Rovuma Basin’s Area 4.

The FSRU project offshore Greece will create a new natural gas gateway to the markets of south-eastern and central Europe, Wood Group said.

The work scope includes three steel tube umbilicals, totaling more than 19 km (12 miles) in length, which will connect the Coral South floating LNG facility to the field’s subsea production system.

ExxonMobil has selected SBM Offshore to construct, install, lease and operate an FPSO unit for the next phase of the Liza project offshore Guyana, according to a news release.

Maersk Drilling has been awarded a one-well contract offshore the U.K. in the North Sea for the high-efficiency jackup, Maersk Resolve, by Wintershall Noordzee B.V.

NOC said the arrangement would allow an immediate resumption of production at Wintershall's concession areas in eastern Libya, as well as connected fields where production has been blocked.

Working with Saipem, UTEC will perform surface positioning onboard the Saipem-operated Bautino and Castoro 10 barges and associated anchor-handling vehicles. The company said it will also provide trenching support, including trench monitoring services and as-trenched surveys utilizing its Teledyne Gavia AUVs.

The 10-year agreement builds on a three-year EPCM support contract delivery program that Petrofac undertook on behalf of PDO.

Saipem received other offshore drilling contracts for work in the Mediterranean and the Black Sea, the press release said.  The total value of these new contracts is $230 million.

The MSA will be delivered by a JV between Clough, Amec Foster Wheeler and China Petroleum Engineering.

The deal was not part of the 2016 licensing round, whose winning bidders are expected to be announced later on June 5, according to Gabriel Obiang Lima, the minister of mines and hydrocarbons, Reuters reported.