Floating Liquefaction and Regasification Report And Online Database

  • Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
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WER: Near-term Outlook for Floating Production Systems 'Very Positive'

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive.

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SBM Offshore to Deliver FPSO for Petrobras' Buzios Field

Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil. The firm contract, for the 26.25 years lease and operation of the FPSO to be named Almirante Tamandaré…

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"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.

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Petrobras 2Q Oil Output Flat on Maintenance Stoppages, Divestments

Brazil's state-run oil company Petrobras on Thursday presented flat production numbers in the second quarter, as the ramp-up off some major platforms was largely offset by maintenance stoppages and divestments. In a securities filing, Petroleo Brasileiro SA…

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Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines. The LNG Terminal…

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Perenco, SNH to Increase Utilization of Golar's Hilli Episeyo FLNG

Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG. The Hilli Episeyo FLNG…

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Brazil: Enauta Brings Another Atlanta Field Well Back Online after Pump Failure

Brazilian oil company Enauta has brought online another oil well at its Atlanta field in the Santos Basin, offshore Brazil, following a recent pumping system failure, and is now producing from two wells connected to the Petrojarl I FPSO. As previously reported…

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Hudong-Zhonghua Delivers LNG FSRU to Dynagas

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU). The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday, July 15.

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MODEC, Toyo in Talks Over FPSO Delivery Alliance

Japanese FPSO specialist MODEC is in talks with engineering group Toyo Engineering over a feasibility study of a potential alliance in the Engineering, Procurement, Construction and Installation (EPCI) business for FPSO vessels. Subject to the result of the discussion and feasibility study…

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Brazil: PetroRio Connects Polvo and Tubarao Martelo Fields. Eyes Significant OPEX Cut

Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO. According to PetroRio…

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Petrobras Sells Papa-Terra Field to 3R Offshore

Brazilian national oil company Petrobras has struck a deal with 3R Offshore to sell it its interests in the producing Papa-Terra, located in the Campos Basin, offshore Brazil, for up to $105.6 million in total. 3R Offshore, a company with a strategy to revitalize mature offshore fields…

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Oil Prices Rise Over 2% as US Inventories Decline

Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories. Signs of strong Asian demand from both China and India also strengthened the market. Brent crude oil futures were up $1.49, or 2%, at $75.60 a barrel by 1:12 p.m. ET (1712 GMT). U.S.

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Transborders' FLNG Solution Re-Awarded Major Project Status by Australian Gov't

Australia's Transborders Energy, a company working to develop an FLNG solution for marginal field developments, said Thursday that its FLNG Solution development had secured the Major Project Status (MPS) renewal from the Australian Commonwealth Government.

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Woodside Energy Wraps Purchase of Far's Stake in Sangomar Project Off Senegal

Australian oil and gas company Woodside Energy has completed the acquisition of the entire participating interest of oil company FAR in the offshore area in Senegal containing the Woodside-operated Sangomar development. The purchase price for Far's stake in the Rufisque Offshore…

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Enauta's Atlanta Field Output Hit by Pumping System Failure

Brazilian oil firm Enauta said Monday that production from its Atlanta field offshore Brazil was affected by a failure in the pumping system at two wells. The Atlanta Field is currently producing oil through one well only. "Two wells stopped production in the last few days.

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FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders…

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Australian Gov't Invites Expressions of Interest for Timor Sea FPSO Decommissioning

The Australian government on July 1 released a Request for Expressions of Interest (REOI) for Phase 1 works related to decommissioning of the Northern Endeavour FPSO currently at Laminaria-Corallina oil fields in the Timor Sea. After the offshore fields' owner…

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OPEC+ Agrees New Oil Deal Without UAE Agreement, Source Says

OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said. All OPEC+ deals require unanimous approval.

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Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract

Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP. The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…

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Ertuğrul Gazi FSRU Delivered to Turkey's BOTAS

The Ertuğrul Gazi Floating Storage and Regasification Unit (FSRU) for was recently from South Korea to Turkey's BOTAŞ Petroleum Pipeline Corporation (BOTAS), the classification society ABS has informed. Built by Hyundai Heavy Industries in accordance…

Edison Oil Edison Oil Logo
From day one, Edison Oil Company has been a customer focused company. Even though business changes, this is the one variable that has remained constant. Our focus will always be the customer. Having been in the petroleum business since the 1950?s, Walter Eakins developed the business of customer satisfaction.
Aegean Marine Petroleum Aegean Marine Petroleum Logo
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and…
Bennu Oil & Gas LLC Bennu Oil & Gas LLC Logo
Bennu Oil & Gas LLC owns and operates oil and gas reserves at Gulf of Mexico. The company was incorporated in 2013 and is based in Houston, Texas.
Blue Sky Oil and Gas Ltd. Blue Sky Oil and Gas Ltd. Logo
Blue Sky Oil and Gas Ltd (?BSOG?), currently known as Fulucai Productions Ltd (trading symbol: FCPS on the OTC-BB), recently acquired producing assets in the state of New Mexico (65% working interest). The assets include 14000 acres with 299 wells. On December 2nd, the company entered into…
Bumi Armada Berhad Bumi Armada Berhad Logo
umi Armada Berhad is a Malaysia-based international offshore oil field services provider that is a global FPSO player and among the top owners and operators of OSVs in Asia. The company provides services through the oil and gas value chain ? from exploration through to field development and construction…
Sinopec Sinopec Logo
severe in 2012. chemical company. task, structure optimization as the starting point and reform and innovation as the driving force. low carbon, and people-orientation further. efficient company. and potential partners both at home and abroad, and strive to create a new win-win situation. We…
Dana Petroleum Dana Petroleum Logo
Dana Petroleum was formed in 1994 to exploit opportunities in the UK North Sea. Today we?re a $3 billion oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa.
Rubicon Offshore international Rubicon Offshore international Logo
Rubicon Offshore International was founded in 2005 as an offshore oilfield service company providing unique life of field development solutions for small to medium oil and gas operators. The company has since experienced steady expansion, evolving into a leading industry solutions provider…
Perenco Perenco Logo
Perenco is an independent oil & gas company with operations in 15 countries across the globe, ranging from Northern Europe to Africa and from South America to Southeast Asia. Perenco is involved in operations both onshore and offshore.
Lukoil Oil Company Lukoil Oil Company Logo
LUKOIL is a major international vertically-integrated oil & gas company, accounting for 2.1% of global output of crude oil. The strong position, which the Company enjoys today, is the fruit of 20 years work to expand the reserve base, increasing business scale by seeking out and executing strategic transactions.