The reported upturn in oil and gas activity together with articles on the need for continued vigilance on supply chain costs, reminded me of Oscar Wilde’s quote ‘the man who knows the cost of everything but the value of nothing’.
The Shah Deniz consortium has reached an important milestone and approved the decision to start front end engineering and design (FEED) on the estimated $25billion Shah Deniz Stage 2 project.
The development plan for Grieg, formerly the Luno field, has been approved by Norway's Ministry of Petroleum and Energy, so enabling operator Lundin Petroleum to press on with its development.
ENGINEERING service firm Wood Group Kenny said yesterday it had won a £5.1million contract from energy company Hess to deliver work in Australia.
ENGINEERING service firm Wood Group Kenny said yesterday it had won a £5.1million contract from energy company Hess to deliver work in Australia.
A SUBSIDIARY of global firm Foster Wheeler has been given an engineering, procurement and construction management contract by BP for its Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
ockhopper Petroleum said today it had begun to set out its stall to potential partners as it shifts into development mode on its Falklands Sea Lion field.
A GROWING project-management consultant set up by two former Marathon Oil staff has set its sights on turning over £8million annually by the end of 2012.
ExxonMobil has awarded the Kiewit-Aker Contractors joint venture the front-end engineering and design (FEED) contract for the concrete gravity base of the planned Hebron field production platform, which will be installed offshore Newfoundland.
Petrofac, the oil and gas facilities service provider, said yesterday it had been awarded a contract worth £40million over three years for engineering services on the UK continental shelf assets of Maersk Oil North Sea UK.
PETROFAC, the international oil and gas facility service provider, has announced what could be its biggest deal, worth up to £2.5billion.
The six-month period October, 2009, through March, 2010, is likely to be tough on the UK Continental Shelf for subsea contractors and suppliers.
CHEVRON has delayed its decision on whether to pursue the final design stage of its Makassar Strait, Indonesia, gas development project offshore Indonesia's East Kalimantan Province.
A major decision about the surface facilities for the giant Barents Sea Shtokman development will be made this year.