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Bolsonaro Approached Castello Branco About Being Petrobras CEO

Brazilian President-elect Jair Bolsonaro's team approached Roberto Castello Branco, a former board member at state-controlled Petroleo Brasileiro SA (Petrobras), about the possibility of his becoming its new chief executive, two people with knowledge of the matter said on Tuesday.

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Goldsboro LNG Project Eligible for $1.5bln German Loan

Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal…

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OFFSHORE ENGINEER (OE) is Back!

I am proud to announce that we have acquired the assets of Atcomedia and starting in January 2019 we will relaunch the flagship title, Offshore Engineer (OE), a perfect compliment to our media offering, led by Maritime Reporter & Engineering News.

Floating Liquefaction and Regasification Report And Online Database

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Here's what you get!

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Teekay Offshore Reaches Settlement with Petrobras

Teekay Offshore Partners L.P. announced Monday that certain of its subsidiaries have entered into a settlement agreement with Petróleo Brasileiro S.A. and Petroleo Netherlands B.V. – PNBV S.A. with respect to various disputes relating to the…

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Cairn Energy Submits Senegal SNE Plan

UK-based Cairn Energy  announced that the Development and Exploitation Plan for the SNE field offshore Senegal has been submitted on schedule to the Government of Senegal by the Joint Venture (JV) with approval targeted later this year. Cairn…

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Shell Adds New FPSO in Brazil

New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing.

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First LNG Cargo Exported from Ichthys

French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July. Ichthys LNG, with reserves…

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Kvaerner Eyes Growth, Mergers as Profits Decline

Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares. Kvaerner's quarterly earnings before interest…

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Drydocks World Completes FPSO Upgrade, Turret Mooring Project

Drydocks World has recently completed two projects for Bluewater Energy Services B.V. and end client Hurricane Energy plc. The projects included the refurbishment, life extension and upgrade of the FPSO Aoka Mizu vessel, and the construction of a Turret Buoy weighing over 1,000T.

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Petrobras Receives $149 Mln from SBM in Leniency Deal

Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.

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ABS Awards AIP to HHI’s Standardized FPSO Topside

The global provider of classification and technical advisory services to the marine and offshore industries ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Standardized design for a Floating Production Storage and Offloading (FPSO) facility.

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Aker BP Q3 Operating Profit Beats Forecast

Aker BP's third-quarter operating profit rose more than expected, helped by a boom in oil prices, the Norwegian oil firm said on Friday, while reducing planned capital and exploration spending. Earnings before interest and taxes (EBIT) rose…

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Van Oord Bags Husky Energy's West White Rose Project

Dutch offshore and dredging services specialist Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada. The project will give Canadian oil company…

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SDX Terminates Talks Over BP's Egyptian Assets

North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP. A press release from SDX announed that further to the announcement made on 20 September 2018, discussions…

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LNG Investment Set to Grow

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as…

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Hoegh Gallant Leaves Egypt, Sets US Destination

Liquefied natural gas (LNG) tanker Hoegh Gallant has left its mooring in Egypt, where it had been used as a floating import terminal since 2015, and set course for the U.S. Sabine Pass production facility, according to Refinitiv Eikon data.

Shell Attains Break-even costs of $30-$35 per Barrel in Brazil

Royal Dutch Shell, Brazil's No. 2 oil producer, has attained break-even costs of $30-$35 per barrel in the South American country, its Brazil manager Andre Araujo said on Tuesday. (Reporting by Alexandra Alper; Editing by Bernadette Baum)

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Hoegh LNG Vessel to Leave Egypt Before Weekend

Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals. The minister…

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Hurricane FPSO Leaves Dubai After Upgrade, Shetlands First Oil Seen in H1

The Aoka Mizu floating production, storage and offloading (FPSO) vessel ordered by Hurricane Energy has left Dubai following a series of upgrades, the company said, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.

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Shell Sees Nigeria Corruption Trial Lasting Many Months

Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters. Shell's Legal Director…

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HHI to Build FPS for LLOG Exploration

South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract to build a floating production system(FPS) for LLOG Exploration of the U.S.. HHI, the world's biggest shipbuilder by orders, said in a stock exchange announcement…

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