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Wood Group recently completed the seven-month front-end engineering design (FEED) for Noble Energy’s Leviathan Field Development Project in the Eastern Mediterranean Sea and has started the detailed engineering for the platform – including the topsides and jacket. The FEED and detail design has a total contract value of approximately $95 million.

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, and MOEX North America LLC (MOEX NA), a wholly owned subsidiary of Mitsui Oil Exploration Co., Ltd, have each taken the final investment decision to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias is an attractive near-field opportunity with a competitive go-forward break-even price below $40 per barrel.

Damen Shipyards Group’s range of Liquefied Gas Carriers is a response to the changes seen in the maritime LNG market in recent years. The Dutch company’s designs meet a variety of capacity requirements, from 500m3 to 7,500m3.

The Natural Heritage Trust (NHT) is a New York State public benefit corporation established for the purpose of receiving and administering gifts, grants and other funds to advance a variety of parks, recreation, land and water conservation initiatives throughout New York State.

The announcement on the 28th February of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Harkand and Swiber have entered into administration, taking a significant number of vessels out of the active fleet.

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