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Rework arises in offshore projects due to errors and omissions, and this can significantly contribute to project cost and cause schedule overruns. Indeed, these additional and unnecessary costs can uncontrollably spiral to account for 25% of capital expenditure for offshore platform projects. Yet rework costs are frequently dismissed as isolated and rare instances of unfortunate circumstances and alien to normal practice. Original evidence stemming from this research indicates that cost and schedule overruns are a recurrent feature of offshore projects. Moreover, the risk of overruns are further exacerbated by increasingly complex commercial and contracting arrangements, technical challenges, changing local economic and regulatory conditions, and a shift towards projects being undertaken in peak oil frontier regions. To acquire new knowledge on the dynamics of offshore rework, the experiences of 23 oil and gas industry practitioners were captured using in-depth interviews. A risk classification matrix was subsequently developed in order to provide a frame of reference to mitigate future rework. Failing to give consideration to rework risks increases the potential for latent conditions to become embedded within organisational and project systems and processes. Consequently, the likelihood of failures, accidents or even catastrophes increases. [ABSTRACT FROM AUTHOR]

The legal fallout from major offshore events such as the DEEPWATER HORIZON spill, PIPER ALPHA, and the grounding of the EXXON VALDEZ has resulted in extreme stress testing of liabilities allocation in upstream oil and gas project contracts. The risks inherent in the offshore oil and gas industry are very large. This Article examines how liability is shared during offshore construction projects, the standard insurance policy that is commonly used in respect of such risks, and a number of topical issues that parties engaged in such activity might bear in mind when they are negotiating contracts and insurance arrangements to protect their position [ABSTRACT FROM AUTHOR]

Saipem has won three new offshore contracts worth more than US $1.1 billion in Azerbaijan, Brazil and Venezuela. [Copyright &y& Elsevier]

KBR has secured a FEED contract to perform work for the topsides and hull associated with a new-build, double-sided, single-bottom hull Floating Production Storage and Offloading (FPSO) vessel located offshore Angola. [ABSTRACT FROM AUTHOR]

Aker Solutions has been selected by Kebabangan Petroleum Operating Co Sdn Bhd as its contractor for the detailed engineering of the Kebabangan (KBB) Northern Hub development project in the South China Sea, 130 kms offshore Sabah in East Malaysia. [Copyright &y& Elsevier]

In a €70 million contract, Impregilo is to build the offshore works for the expansion of the Qurayyah thermoelectric power plant in Saudi Arabia. [Copyright &y& Elsevier]

Fluor Offshore Solutions has been awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Co for offshore facilities located 120 kms off the northwest coast of Abu Dhabi City. [Copyright &y& Elsevier]

Pemex Exploration and Production has awarded ICA Fluor a US$51 million contract for the construction of two lightweight offshore platforms for the Cantarell production field in the Gulf of Mexico. [Copyright &y& Elsevier]

BP has selected KBR for a four-year contract, including an option for extension, to provide engineering and project management services for BP''s future offshore developments worldwide. [Copyright &y& Elsevier]

Saipem has won two new offshore contracts in Egypt and Angola together worth US$600 million. [Copyright &y& Elsevier]

Aker Kvaerner has signed a US$160 million contract with Singapore''s Jurong Shipyard Pte Ltd for the delivery of a drilling system for an ultra deepwater drilling semi-submersible platform. [Copyright &y& Elsevier]

Saipem has been awarded three offshore construction contracts valued at US$550 million in Indonesia and the North Sea, following international tender. [Copyright &y& Elsevier]

Reports on the plan of turbine manufacturer Vestas to dismantle its entire 81-strong fleet of turbines that make up Horns Rev wind farm in the west coast of Denmark. Series of problems confronting the offshore wind project; Need for change in a number of transformers and generators; Market share in the turbine manufacturing sector.

Saipem has won two offshore contracts worth £104 million from EnCana UK as part of the Buzzard development project. [Copyright &y& Elsevier]

Reports on the new funding for offshore wind farms after the meeting of British Wind Energy Association attended by Energy Minister Stephen Timms. Worth of the funding; Allocation of the capital grant; Capacity of the projects awarded funding.

Reports the concentration of TGS-NOPEC on offshore Canada connection and offshore Spain survey. Acquisition of 2D seismic survey in Canadian waters; Design of the survey to tie geological information from existing wells; Plan to acquire 4,100 km of 2D seismic survey and aeromagnetic program in Cantabrian Sea.