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Husky prepares to move on Liuhua 29 tenders

Canadian independent Husky Energy is preparing to issue tenders for key packages related to the development of its Liuhua 29-1 deep- water field in the South China Sea.

via Upstreamonline.com

China

Five in the fray for Madura FPU

Five companies are left in the race to supply an FPU for the MDA and MBH project operated by Husky Energy and China National Offshore Oil Corporation (CNOOC) on the Madura Strait production sharing contract off Indonesia.  34 more words

3.1 FLNG / FPSO / MOPU / Floaters

Husky Energy says Rush Lake heavy oil project ready ahead of schedule

CALGARY – Husky Energy (TSX:HSE) says that its Rush Lake heavy oil project in Saskatchewan has begun commercial operations eight weeks ahead of schedule.

The project is designed to produce up to 10,000 barrels per day using a steam-assisted process to extract the heavy oil, once it has ramped up to full capacity. 99 more words

Canada

Bumi, Shapoorji team up for Madura FPSO

Bumi Armada has formed a JV with India’s Shapoorji Pallonji to build the FPSO that will be used at Husky Energy’s Madura BD field development off Indonesia.  36 more words

3.1 FLNG / FPSO / MOPU / Floaters

Pertamina cut, but Conoco keeps pace in Indonesia

Pertamina’s newly appointed president director, Dwi Soetjipto said in a Reuters interview, the Indonesian state-owned oil company is set to cut its 2015 capital expenditure to US$4.5 billion, down from US$7 billion to offset fuel subsidy burden passed on by the Indonesian government. 210 more words

Oil And Gas

China offshore roughing out the perfect storm

The all-in per barrel costs of Chinese national oil companies range from US$50 to US$60, according to a Nomura analyst presentation at a conference in Singapore… 340 more words

Oil And Gas

Timeline: Tracking the layoffs in Alberta's oilpatch

CALGARY – Since oil prices began tanking last summer, there have been predictions of thousands of layoffs in Alberta’s energy-dependent economy. So just how many jobs have we lost so far? 801 more words

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