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Magnora Separates FPSO from Renewables Business

Oslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity in the offshore wind industry.

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ABB to Deliver Electrical System for ExxonMobil’s Errea Wittu FPSO

Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit.

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MOL Gets ClassNK Blessing for Ammonia FSRU Design

Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for a design of Floating Storage and Regasification Unit (FSRU) for ammonia. The ammonia FSRU has been jointly developed by MOL and MHI Group’s Mitsubishi Shipbuilding.

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Will 2024 be the Year of AHTS Recovery?

As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however…

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FPSO Atlanta Prepped to Join Yinson Fleet in '24

Yinson Production officially named its latest addition to the fleet, FPSO Atlanta, during a naming ceremony held at Dubai Drydocks World on December 13, 2023. FPSO Atlanta has  a production capacity of 50,000 BOPD and a maximum storage capacity of 1,251,000 bbls .

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SubseaPartner Inks North Sea Offshore Contract

Norwegian Diving Contractor, SubseaPartner, won a contract for the 2024 season, work awarded by OceanInstaller for end-client Vår Energi as part of the Balder Future Project. The first phase of work encompasses engineering, planning, design…

Saipem Inks $1.9B in Contracts

Saipem won two offshore contracts, one in Guyana and the other in Brazil, worth approximately $1.9 billion. The first contract has been awarded by ExxonMobil’s  subsidiary ExxonMobil Guyana Limited  for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana…

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MODEC’s FPSO Anita Garibaldi MV33 Achieves First Oil in Brazil

Japan's MODEC  said its FPSO Anita Garibald i MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil. The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian…

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Anita Garibaldi FPSO Starts Production in Campos Basin, Offshore Brazil

Brazilian oil and gas company Petrobras has started production from the Anita Garibaldi FPSO in the Campos Basin, offshore Brazil. The FPSO will operate simultaneously in the post-salt and pre-salt of the Marlim and Voador fields. With a capacity to produce up to 80…

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Kim Heng, Dyna-Mac in FPSO Module Collab

Singapore-based Kim Heng Marine & Oilfield has signed an MOU with offshore marine services contractor Dyna-Mac known for FPSO module construction, which Kim Heng will support on a preferred partner basis to carry out various projects occasionally.

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SBM Offshore's H1 Core Profit Misses Estimates, Falls Below 2022 level

Dutch oil and gas services company SBM Offshore reported on Thursday half-year earnings before interest, tax, depreciation, and amortization (EBITDA) that missed consensus estimates and fell below the level seen a year earlier. The group, which supplies and operates floating production…

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Two Week Contract Extension for FPSO in Nigeria

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO. The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023. BW Offshore has been in talks to divest the FPSO…

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Armada Kraken FPSO's Production Climbs After Shutdown

Bumi Armada's Armada Kraken FPSO, a production unit operating at EnQuest's Kraken offshore field in the UK North Sea, has increased operational performance following a shutdown in early June. As Offshore Engineer previously reported, the Armada…

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India: BP and RIL Bring MJ Offshore Field Online

UK-based oil major BP, and India's Reliance Industries Limited (RIL)  on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…

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FPSO PTSC Lam Son in Vietnam Gets Contract Extension Worth $27.3 Million

Malaysian FPSO leasing firm Yinson Production has, through its PTSC AP joint venture company with Vietnam's PTSC, received a 12-month extension for the bareboat charter contract for FPSO PTSC Lam Son, with a further automatic extension of 6 months.

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MODEC Confirms Its First FPSO Order in Guyana

Japan's MODEC said Monday it would proceed with engineering, procurement ,  and construction on the Uaru FPSO vessel following a  final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month. The Uaru FPSO is named ‘Errea Wittu’…

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Bumi Armada Sells Armada Claire FPSO

Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale of the Armada Claire floating production storage and offloading vessel. The FPSO was sold by Bumi Armada's subsidiary, Armada Balnaves. "The Armada Claire sale was on an “as is where is” basis…

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World's Largest FSRU Arrives in Hong Kong

The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first liquefied natural gas (LNG) import terminal, said CLP Power Hong Kong Ltd and Hong Kong Electric Co. Ltd. The FSRU arrived…

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Karoon Brings Another Production Well Online at Patola field, Offshore Brazil

Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil. The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…

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Brazil: Atlanta Field Daily Output Reaches 22,000 bbl/d, Enauta Says

Brazilian oil company Enauta Participações has concluded the production ramp-up of the new well in its Atlanta field offshore Brazil.,   Enauta had said earlier this week that it had connected the new well 7-ATL-5H-RJS (“5H”) to the FPSO Petrojarl I.

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Asian Energy Services to Operate and Maintain Svetah Venetia FPSO

India-based Asian Energy Services has recently secured a Letter of Award for the operations and maintenance works (O&M) of the Svetah Venetia FPSO unit. The UAE-based Svetah Energy Infrastructure awarded the contract. The FPSO will be deployed…

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