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Equinor Sanctions $8B Bacalhau Field Development in Brazil

Norwegian oil and gas company Equnior has made a final investment decision for the development of the  Bacalhau field  offshore Brazil. The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund…

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Deepwater Sector “Rapidly Accelerates” out of Downturn

World Energy Report’s Jim McCaul estimates up to $40 billion in contracting activity in the coming 18 months in the deepwater market.

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BW Offshore Orders Barossa FPSO Topside Modules from Dyna-Mac

Dyna-Mac, a Singapore-based firm building modules for offshore oil and gas facilities, has won a module fabrication deal with FPSO supplier BW Offshore. The contract, valued at S$197 million (around $148 million), is for the supply, fabrication…

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UTM Offshore Taps KBR for Support at Nigeria's First FLNG Project

Engineering and construction services giant  KBR has won a contract with Nigeria's UTM Offshore to support the development of Nigeria's first Floating Liquefied Natural Gas (FLNG) facility. Acting as Owner's Engineers, KBR will be responsible…

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Bumi Armada, Shapoorji Pallonji JV to Set Up FSRU in Mumbai Harbour

Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour. SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…

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Some 30 FPSOs Could Go of Hire by 2022 End, Westwood Says

The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday. Westwood…

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Petrobras Reverses Losses. Affirms Deepwater Focus

The new executive board of Brazil's Petrobras signaled on Thursday that it would largely follow plans set out by the previous administration, statements likely to ease investor concerns about the firm's tumultuous start to 2021. Chief Financial…

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JGC Lands Pre-FEED Deal for Nigeria's First FLNG Project

Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria. The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing…

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Gallery: Petrojarl Banff FPSO Arrives in Denmark for Recycling

Teekay's P etrojarl Banff FPSO completed its final voyage on May 8, 2021, and is now moored alongside the Modern American Recycling Services Europe A/S (MARS) quayside in Frederikshavn, Denmark in preparation for recycling. The decommissioned FPSO, which ceased production in the U.K.

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Invenergy, BW LNG Secure Financing for FSRU Project in El Salvador

Sustainable energy developer Invenergy and LNG solutions provider BW LNG have secured a $128.3 million loan from IDB Invest to fund the construction of a floating storage and regasification unit (FSRU), a key part of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador.

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Remazel to Deliver Equipment for SBM Offshore's Prosperity FPSO

SBM Offshore, one of the world's largest suppliers of FPSOs, has hired the Italian engineering firm Remazel Engineering for the supply of a mooring tensioning system and riser pull-in package for an FPSO being built for deployment at ExxonMobil's Stabroek block in Guyana.

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Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed.

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SBM Offshore Upbeat on New FPSO Projects after Q1 Revenue Drop

A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business. The Dutch-based company's…

BHP Selects McDermott for Trion Floater FEED

McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field development offshore Mexico.

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BW Offshore Taps NOV's APL for Barossa FPSO STP System

FPSO specialist BW Offshore has awarded NOV's APL a contract to supply a large submerged turret production (STP) system for the FPSO to be deployed at Santos' Barossa gas and condensate field located offshore of Australia. The Barossa field…

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Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull. In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion.

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Petrobras Orders Seventh FPSO for Buzios Field

Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin. The FPSO, to be named P-78, will have a processing capacity of 180…

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BP Hires Petrofac for Greater Tortue Ahmeyim Operational Procedures Work

Oil major BP has hired oilfield services company Petrofac to develop operational procedures for the company's  Greater Tortue Ahmeyim  project offshore Mauritania and Senegal. Centered on minimizing risk and harm to personnel, plant and the environment…

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Total Brings Online Zinia Phase 2 Offshore Angola

French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO. The  Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40,000 barrels of oil per day by mid-2022.

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Long-term Contract: Axess to Inspect Altera's FPSOs

Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure. Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…

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Brazil: Petrobras Invites Bids for Ninth Buzios Field FPSO

Brazilian oil company Petrobras on Friday started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt area, offshore Brazil. Called P-80, the FPSO will be the ninth unit to operate in the field…

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