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Petrobras, SBM Offshore Sign LoI for Giant Búzios Field FPSO

Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil. SBM Offshore will be responsible for the engineering…

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OPEC+ to Weigh Modest Output Boost, Sources Say

PEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic. The…

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Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

Brazil's state-controlled  oil  company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4  oil  platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters.

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Bumi Armada Amends Loan Maturity Date. Cites Coronavirus Impact

Malaysian FPSO specialist Bumi Armada has amended the maturity of a portion of the $660 loan from 2019, citing the impact of the coronavirus pandemic on its business. Bumi Armada said the loan agreement has been amended on to extend the final…

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Enauta Resumes Output from Atlanta Field after Corrosion-Induced Halt

Brazilian oil and gas company Enauta has resumed production from its Atlanta offshore oil field, in the Santos Basin, in Brazil. Enauta, previously known as Quireoz Galvao, had in November 2020 announced the "preventive suspension" of Atlanta field’s production…

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UK: Tailwind Sanctions Evelyn Development

UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week. The Evelyn field is part of the Triton Cluster. Tailwind…

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Petronas' Floating LNG Facility PFLNG Dua Produces First LNG

Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility. The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia.

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FPSO Firm BW Offshore Eyes Entry into Floating Offshore Wind

BW Offshore, a company known for its FPSO leasing business in the oil and gas sector, is looking to diversify by entering the floating offshore wind space and has started talks with floating wind firm Ideol over a potential investment. The move…

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Palfinger to Deliver Lifeboats, Cranes for Anna Nery FPSO

Palfinger has won an order to deliver cranes, lifeboats, a rescue boat, and davits for Malaysia-based Yinson's Anna Nery FPSO, which will, once complete be deployed at Petrobras' Marlim 2 field offshore Brazil. Under the order, Palfinger will…

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ABS Approves HHI's Design for Mexico-targeted FSO

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters.

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SBM Offshore Expects Lower 2021 Earnings as Clients Cut Spending

SBM Offshore forecast that 2021 core earnings will be slightly below market expectations, the multinational oil firm said on Thursday, noting 2020 challenges will spill into 2021 as many of its clients had to cut budgets. The Dutch company, which supplies floating oil and gas production vessels…

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Höegh LNG Nets LNG Carrier Charters with Trafigura, Cheniere

Oslo-listed LNG tanker operator Höegh LNG has reached an agreement with Trafigura for an extension of a charter for LNG carrier Hoegh Gannet. It also signed a new interim time charter for Höegh Gallant vessel with the same company. The existing…

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Brazil: Petrobras, PetroRio Complete Frade Field Transaction

Brazilian oil giant Petrobras has sold its 30 percent stake in the Frade offshore oil field to PetroRio. With the completion of the transaction, PetroRio now fully owns the field, located in the Campos Basin, north coast of the state of Rio de Janeiro.

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Woodside Issued Enforcement Action over Nganhurra RTM Decommissioning

Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law, as well.

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Bluewater Taps Royston for FPSO Engine Overhaul

FPSO operator Bluewater Services signed a framework agreement with marine engineering and maintenance firm Royston for engine overhaul, repair, and associated services on two of its FPSOs. U nder the agreement, Royston will carry out planned…

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Report: Keppel Submits Lowest Bid to Build FPSO for Petrobras' Buzios Field

A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said. Keppel offered to build P-78…

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TMC to Deliver Air Compressors for Equinor's Bacalhau FPSO

TMC has won a contract to supply  the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders. TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors…

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Petrobras Receives Three Offers in FPSOs Tender

Brazilian state-run oil company Petrobras received offers from three consortia looking to build the company's first in-house platforms in more than seven years, the company said on Tuesday. In a release, Petroleo Brasileiro SA, as the company is formally known…

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Three60 Energy to Provide Duty Holder Services for FPSO Intrepid

Three60 Energy, a UK-based energy services company, will be providing Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines, in what this the company first such contract outside of the UK.

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Oil Market On Track to Rebalance Around Mid-2021

U.S. petroleum inventories have continued to converge down towards the five-year average, a sign that oil market rebalancing remains on track, despite the resurgence of the coronavirus since the end of 2020. Total stocks of crude oil and products…

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