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Vietnam: FSO Golden Star Receives First Condensate

Malaysia Vietnam Offshore Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam. MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC).

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Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

Singapore's Keppel Offshore & Marine has won a contract from an unnamed repeat customer worth about S$100 million (USD 74,7 million) for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO). Scheduled for delivery in 4Q 2022…

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Tullow Oil Shifts Its Focus to West Africa

Britain's Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt. Tullow, which was set up in the 1980s produce oil and gas in Africa…

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Exxon Lowers Oil Price Outlook for Much of the Next Decade

U.S. oil major Exxon has lowered its expectations for oil prices for much of the next decade, the Wall Street Journal reported on Wednesday, citing internal company documents. As part of an internal financial-planning process conducted this fall…

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ARMS Reliability Wins Contract with MODEC

ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production…

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BW Offshore, New Zealand Gov't Reach Umuroa FPSO Settlement

FPSO operator BW Offshore has reached a settlement with the New Zealand government over the FPSO Umuroa, which has been stuck at the Tui field, around 50 kilometers off the coast of Taranaki, for months. BW Offshore has been unable to remove…

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Golar LNG, Black & Veatch in Green, Blue Floater Tech Push

Liquefied natural gas shipping firm Golar LNG and the engineering giant Black & Veatch on Thursday said they would expand their long-standing FLNG relationship, and start working on projects involving floating ammonia production, carbon capture, green LNG, and hydrogen.

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Brazil: BP Sells Stake in Two Campos Basin Offshore Blocks to PetroRio

British oil major BP has agreed to sell its stake in two pre-salt offshore blocks in Brazil's Campos Basin to the Brazilian oil company PetroRio. Petro Rio said Thursday that it would acquire 35.7% interest in the BM-C-30 Block containing the Wahoo discovery…

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Bumi Armada Declares 'Force Majeure' on ONGC FPSO Deal as Virus Hits Construction Schedule

Malaysian FPSO contractor Bumi Armada has declared a 'force majeure' event related to the FPSO contract it has with India's ONGC, citing the effects of the coronavirus pandemic on the FPSO construction schedule. ONGC, in a joint venture with Shapoorji Pallonji…

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Höegh LNG to Supply FSRU in India in Q1 2021

Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021. Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…

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Vaalco Buys Sasol's Interests in Offshore Assets in Gabon

Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8%  interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…

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OTC 2021 Postponed

One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year due to the ongoing COVID-19 pandemic. The Offshore Technology Conference, which attracts tens of thousands of visitors to Houston annually…

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Wilhelmsen Gets DNV GL Type Approval for the Digi Boiler

Alongside the unique Type Approval for the Digi Boiler automated dosing system, Wilhelmsen have also been certified as reportedly the first and only approved service supplier for DNV GL’s BMON+ class notation. “Our system is tried, tested and proven at sea…

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Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production.

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Modec Takes Delivery of Carioca MV30 FPSO

Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…

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Aker BP Starts Production from Ærfugl Phase 1

Norwegian oil and gas firm Aker BP has started up production from the Ærfugl field phase 1 in the Norwegian Sea. Ærfugl, a gas reservoir, holds a total of around 300 million barrels of producible oil equivalents. It is a subsea project being developed in two phases.

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Equinor, Partners Eye Shore-Powered Cylindrical FPSO for Wisting Field in Barents Sea

Norwegian oil firm Equinor has awarded contracts for concept studies for the development of the Wisting discovery in the Barents Sea, off Norway. The studies are expected to further progress the project development towards a final concept select decision.

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'Bittersweet Exit' - FAR to Sell Stake in Senegal Offshore Block to India's ONGC

Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh. FAR has been working to sell its Senegal assets for months, as the…

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SBM Offshore Raises Profit Guidance, Starts Work on Floating Wind Project

Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company…

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LNG to FSU Conversion Completed at Sembcorp

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at Sembcorp Marine’s Admiralty Yard in Singapore. Synergy will manage…

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