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Petrobras to Pay $853 Mln US Fine in Car Wash Probe

Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday. The settlement with U.S.

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Petrobras to Resume Building Its Own Platforms

Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said. Petrobras' 2019-2023 business plan, set to be released in December…

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Shell Sees Peak Output for Brazil's Lula Field in 2020, 2021

Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday.

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Chevron Receives Interest in Major North Sea Field Stake

U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday. The sale of its 40 percent stake in the Rosebank project would mark Chevron's…

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Total Sees Cash Flow, Output Boost from Deepwater Projects

Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area.

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Jumbo to Transport, Install FSRU Mooring System

Jumbo has been awarded the transportation and Installation of a FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe. Jumbo’s Offshore division was awarded the contract by Sapura to perform the transportation…

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Petrobras Oil, Gas Output Falls in August

Brazil's state-run oil company Petroleo Brasileiro SA said its oil and gas production in August totaled 2.47 million barrels of oil equivalent per day, attributing the 5.1 percent decline from the previous month to closures for maintenance.

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Guyana Puts Oil Auctions on Hold

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday. Since 1999, Guyana has awarded a group…

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Big Oil Readies Brazil Offshore Bets

Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's coveted offshore oil for another four years, as a wide-open election spurs fears about barriers to foreign investment.

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Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets

Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter. The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion…

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Norway's Gas Exports Set to Match Annual Record

Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday. Between May and August, which is normally a season with fewer gas exports…

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Bangladesh Shelves LNG Projects as Others Ramp Up

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March. Bangladesh has…

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MacArtney Supplies Moog Focal LVEOS Swivel to FPSO

MacArtney said it has supplied a Low Voltage Electrical Optical Swivel (LVEOS) to Norwegian turret and loading systems provider for intended inclusion into a swivel stack for a floating production, storage and offloading vessel (FPSO). OneSubsea…

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LR Grants AiP for Wison’s 300MW FSRP Design

Lloyd’s Register (LR) has issued approval in principle (AiP) to Wison for its 300MW capacity floating storage, regasification, power plant (FSRP) concept design. A relatively new design concept, FSRPs are essentially floating liquefied natural…

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Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls

The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls. This follows the…

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Aker Bets on Software Engineers for Its Oil Business

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one. So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…

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FSO Installed in Culzean Field

Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service.

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Digitization of the Norwegian Continental Shelf

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea. The system, developed by Eni Norge in cooperation with Safetec and SINTEF…

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Aker Solutions Wins Services Contract in Brazil

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers.

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BSM Launches a Offshore Division

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.

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BW Adolo FPSO Produces First Oil

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on 16 September 2018, 18 months after the initial investment was made in the Dussafu license offshore Gabon. "We have achieved first oil from the Dussafu license within budget and on schedule", said Carl K.

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