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Guyana Vows to Develop Its Oil in an Environmentally Safe Manner
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration. The tiny South American…
Chevron Sees Brazil's Pre-salt Oil as Prize Asset
Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The "pre-salt chapter" might be the most important development in Chevron's more than century-long presence in Brazil…
OPEC+ Sees No Need to Meet US Call for More Supply
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters. The price of international…
Floating Liquefaction and Regasification Report And Online Database
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VIDEO: Prosperity FPSO Hull Arrives in Singapore
The hull of the FPSO Prosperity, which will be Guyana's third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules. SBM Offshore, which will deliver the FPSO to end client ExxonMobil…
Guyana Earns Nearly $80 Mln from 7th Crude Cargo
Guyana earned nearly $80 million from the seventh crude cargo allocated to the government from the offshore Liza project, the highest figure since exports began in early 2020, the Ministry of Natural Resources said on Monday. The cargo of 1…
Oil Headed for Big Weekly Loss on Demand Worries
Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail global economic gains. Daily new COVID-19 cases in the United States have climbed…
15 Bids in To Market Guyana Governent Crude
Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday.
Petrobras Post Strong Results as Crude Rises, Gas Strengthen
Brazil's Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line. In an evening securities filing, Petroleo Brasileiro SA…
Exxon Considers Pledging Net-zero Carbon Emissions by 2050
Exxon Mobil Corp is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The report comes more than two months after the oil major's shareholders…
SBM Inks LOI to Lease FPSO for Petrobras' Mero Field
Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM…
By the Numbers: Eye on Guyana & FPSOs
According to Jim McCaul, Managing Director at IMA/ World Energy Reports , Guyana has a huge appetite for FPSOs.
China Starts Production at 100,000 DWT Deepwater Semi-sub FPSO
China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO). Dubbed Shen Hai Yi Hao, the platform is formally…
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.
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…
"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.
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…
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…
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…
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…
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.
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…