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Guyana Nears Deal with Exxon for Payara Project

Guyana is close to reaching a deal with Exxon Mobil Corp to approve the company's Payara project, after the company committed to stricter environmental restrictions on gas flaring and wastewater, a top government official said on Friday. Exxon…

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India's ONGC Awards 10-Year Charter for Armada Sterling FPSO

Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC. Bumi Armada said Friday that under the contract Armada Sterling…

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Oil & Gas FIDs to Rebound to Pre-Pandemic Levels from 2022, Rystad says

Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said.

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CNOOC Brings Online South China Sea Oil Project

Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project. Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea.

SBM Offshore in Talks with Petrobras Over Buzios FPSO Charter

Brazilian oil company Petrobras has started negotiations with the Dutch FPSO supplier SBM Offshore over a potential charter of an FPSO to be installed at the giant Buzios field in the Santos Basin, offshore Brazil. The FPSO, to be named Almirante Tamandaré…

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Alfa Laval Pumps for Two Brazil FPSOs

Sweden's Alfa Laval has secured two orders to supply Framo pumping systems for two FPSOs to operate offshore Brazil. Alfa Laval did not say who the clients were but said the orders had a total value of around SEK 155 million (around USD 17,7 million). The deliveries are scheduled for 2021.

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Energean Power FPSO to Set Sail from Singapore in Summer of 2021, Energean Says

Oil and gas company Energean, working to develop its Karish field offshore Israel, expects that the FPSO being built for the eastern Mediterranean Sea project will set sail from Singapore in the summer of 2021. The London-listed company shared…

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Hess CEO 'Optimistic' new Guyana Gov't Will Approve Payara Project Soon

Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project. The South American nation has…

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Snam Eyeing Stake in Greek Offshore LNG Terminal

Greek gas grid DESFA, 66%-owned by a consortium led by Italy's Snam, is interested in buying a stake in an offshore liquefied natural gas (LNG) terminal in northern Greece, people familiar with the matter said on Tuesday. DESFA is considering…

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SRO Solutions Upgrades IBM Maximo for FPSO Player MODEC

UK-based tech company SRO Solutions has recently completed what it says is a "major digitization project" for the Japanese FPSO provider MODEC in Ghana where the company has two FPSOs deployed. "The project, part of a series of high value digitization…

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Banff FPSO Arrives at Kishorn Port ahead of Recycling

Teekay's Banff FPSO, which recently ceased production in the UK North Sea, has arrived at Kishorn Port for temporary mooring, ahead of recycling. The Banff FPSO had been producing oil for CNRI at the Banff and Kyle fields, some 200 kilometers…

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Yinson Orders TMC Compressors for Anna Nery FPSO

Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery , which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil. TMC's compressed…

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Woodside, Cairn Ink Binding Deal for Senegal Oil Field Rights Transfer

Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal. The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…

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PDVSA, Eni Looking at Options to Offload Oil from Idle FSO

Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company.

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With Dampier Spirit FSO Set to Leave Stag Field, Jadestone Turns to Tankers

Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire. Jadestone’s Stag oilfield produces crude oil via a fixed leg…

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Equinor's Johan Castberg FPSO Faces Delays as "Weld and Fatigue-analysis Errors" Found

Delivery of the FPSO destined for Equinor's the Johan Castberg field in the Barents Sea is expected to be delayed after the company found issues with the weld quality and fatigue calculations program. The FPSO Hull was ordered by Equinor (then…

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PHOTO: SWS Shipyard Launches FPSO Prosperity Hull

China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore. Following the delivery of the Liza Unity hull in late 2019 , SWS on Monday delivered the Liza Prosperity hull…

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DOF Subsea Wins Deal to Assist with Offshore Decommissioning Project

Subsea services provider and vessel operator DOF Subsea has been awarded a turnkey contract performing marine operations related to a decommissioning project by Teekay Petrojarl Floating Production. DOF Subsea said Tuesday that the contract…

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Akselos Deploys Structural Digital Twin on Shell's Bonga FPSO

Swiss-based digital twin specialist Akselos has deployed structural Digital Twin for Shell’s Bonga Main FPSO, located 120km Southwest of the Niger Delta in Nigeria. The Digital Twin is a physics-based model of the asset, which represents its…

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Offshore: Digital Twinning & Reduced Operating Cost Offshore

The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years.

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Exxon Presses for Guyana Approval of Third Offshore Project

Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country. Exxon, which operates…

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