Tag: offshore

Conoco Inc. will proceed with development of the Magnolia Field in the Gulf of Mexico at an estimated cost of USD 600 million.

FELS Setal secured a USD 14 million contract from Halliburton Produtos Ltda, a subsidiary of Kellogg Brown & Root Inc, for the fabrication of four manifold modules, to be used for the Caratinga and Barracuda Fields in Campos Basin, offshore Brazil.

Coflexip Stena Offshore Ltd (CSOL), a UK entity of the Technip-Coflexip Group, is in charge of a major three-year contract from the Texaco, Amerada Hess and Talisman Energy (THT) multi-operator alliance to provide Diving Support Vessel (DSV) and Underwater Services in the North Sea.

Talisman has awarded Pegasus International a lucrative contract for the provision of sub-sea engineering design services for the North Sea Kildrummy field.

McDermott Caspian Contractors Inc., the Caspian arm of J. Ray McDermott SA, a subsidiary of McDermott International Inc., has signed contracts with AIOC for the fabrication of platform topsides and the installation of offshore pipelines in Phase 1 of the development of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) fields in the Azerbaijan sector of the Caspian Sea.

ConocoPhillips plans to raise its investment in China for the development of Penglai oilfield in northern China's Bohai Sea, a company official has said.

Fluor Corporation and AMEC have announced that their Fluor Daniel/AMEC alliance (AFD) has been named by Hyundai Heavy Industries of South Korea as its subcontractor to design and manage a major portion of what will be the world's largest deepwater crude oil production facility.

Murphy Oil Corp. will spend more than USD 160 million in oil exploration and development in Malaysia in 2002.

BP has signed a Letter of Intent with Daewoo Shipbuilding & Marine Engineering Company, Ltd of South Korea for detailed design, fabrication and transport of a semi-submersible unit for the Crazy Horse project in the Gulf of Mexico.

Nippon Steel Corporation has received an order to construct a natural gas development platform and pipeline for PTT Exploration and Production (PTT-EP), a Thai company.