Top News of The Week January 6 – 12, 2014

Camac, Bumi Armada Sign LOI for ‘Armada Perdana’ FPSO

Camac, Bumi Armada Sign LOI for ‘Armada Perdana’ FPSO

CAMAC Energy Inc. has signed a letter of intent for a long-term agreement for the floating, production, storage, and offloading system (“FPSO”) ARMADA PERDANA.

 

Oil Leaking from Hibernia Platform Offshore Canada

Oil Leaking from Hibernia Platform Offshore Canada

Hibernia Management and Development Company Ltd. (HMDC) has reported an ongoing leak of crude oilfrom the hose end valve (HEV) of the Northern Offshore Loading System (OLS).

 

DSME Lays Keel for Petronas’ FLNG

DSME Lays Keel for Petronas’ FLNG

The keel laying process for PETRONAS’ first floating liquefied natural gas facility (PFLNG 1) has started this week, marking another significant milestone in the construction of the facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.

 

Drifting FPSO Damages Bualuang Riser. Shuts Production

Drifting FPSO Damages Bualuang Riser. Shuts Production

Salamander Energy announces that due to a damaged production riser, production from the Bualuang oil fieldin the Gulf of Thailand has been temporarily shut-in.

 

Douglas-Westwood Predicts Increased Investment in FLNG

Douglas-Westwood Predicts Increased Investment in FLNG

The FLNG market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood (DW) forecasting total expenditure of $64.4 billion (bn) in its new market report.

 

KrisEnergy: Development of Cua Lo-1 Unlikely (Vietnam)

KrisEnergy: Development of Cua Lo-1 Unlikely (Vietnam)

KrisEnergy Ltd., an independent upstream oil and gas company, announced the completion of the drilling and testing of the Cua Lo-1 exploration well in Block 105-110/04 (“Block 105”).

Press Release, January 12, 2014

 

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