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ABS Launches Floating Production Life Extension Guide
American Bureau of Shipping has further developed its approach to aging offshore assets with the publication of the Guide for Life Extension of Floating Production Installations. ABS said that the guidance supported operators looking to extend…
Excelerate Sequoia FSRU Starts Operations in Brazil
Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil. Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173…
Brazil Energy Council Puts 11 Pre-salt Blocks on Permanent Offer
Brazil's energy policy council CNPE authorized oil regulator ANP to put 11 pre-salt blocks in the Campos and Santos basins up for sale permanently, with a total signing fee estimated at 1.3 billion reais ($233 million), the government said on Thursday.
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Petrobras, SBM Offshore Strike Mero 4 FPSO Charter Deal
Brazilian oil company Petrobras has signed contracts with the Dutch FPSO specialist SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão. This will be the fourth definitive floating production system to be installed in the Mero field…
BP Starts Production at Angola's Platina Oilfield
BP said on Thursday it had started production at the Platina oilfield offshore Angola, helping Africa's second biggest oil exporter slow a decline in output. The Platina field will be linked to BP's existing Greater Plutonio floating production…
SHI Demos SENSE IV, Its Own Natural Gas Liquefaction Process
Samsung Heavy Industries announced on November 18 that it successfully held a demonstration ceremony at the Geoje shipyard for "SENSE IV (SAMSUNG Enhanced Nitrogen Split Exapnsion IV)", SHI's in-house natural gas liquefaction system. The demonstration…
PJV to Equip Brazil-bound FPSO Duo with Valves
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil. One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO…
Guyana to Request Stronger Financial Guarantees from Oil Operators
Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance…
80 New Jobs in Aberdeen: PD&MS to Modify Dana Petroleum's FPSOs
Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea. The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base.
SBM Offshore to Build Fourth FPSO for Exxon in Guyana
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore…
Hurricane Energy Says Talks with Bluewater Over FPSO Deal 'Positive'
Hurricane Energy, a UK-based oil firm producing oil from the Lancaster offshore field in the UK, has said it has had positive talks over the Aoka Mizu contract extension with owner Bluewater. Hurricane Energy, which started producing from the…
Malaysian FPSO Firm Yinson Signs $5.2B LoIs with Petrobras for IPB FPSO Charter and Operations
Malaysian FPSO supplier Yinson has signed two letters of intent with Brazilian oil company Petrobras for the charter, operations, and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin, offshore Brazil.
Eni: Coral Sul FLNG Complete and Ready to Sail Away to Mozambique
Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje…
Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said. The talks include the potential for some future platform assembly in Guyana, the people said.
SBM Offshore Revises Revenue Guidance on FPSO JV Deferral
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture. The Dutch company, which supplies floating oil and gas production vessels…
ExxonMobil 'Back on Track' to Meet Target to Double Earnings -CEO
Exxon Mobil Corp's chief executive said on Wednesday the company is confident it will hit a target to double earnings and cash flow from operations, adding that consumers and governments must decide how quickly the world moves to cleaner fuels.
Aker Solutions Wins Wisting FPSO FEED
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway. According to Equinor, valued at around NOK 350 million…
BW Offshore's FPSO to Stay in Nigeria for One More Year
Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs. The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge.
Coral Sul FLNG Project on Track, Eni Says
Claudio Descalzi, CEO of the Italian oil and gas giant Eni on Friday met with Filipe Nyusi, President of Mozambique, where Eni is working to develop giant offshore gas reserves using a floating LNG unit. Descalzi updated President Nyusi on the Eni-led Coral South Project…
Record Number of Floating Production System Awards Expected Over the Next 18 Months
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.
Orcadian Gets Three FPSO Proposals for Pilot Field
Orcadian Energy, a UK North Sea-focused oil and gas development company previously known as Pharis Energy, has said it has received three expressions of interest for the provision of an FPSO for its Pilot field development. The company engaged…