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Shell's Prelude FLNG Restarts LNG Shipments
Shell's Prelude LNG, the world's largest floating liquefied natural gas (FLNG) project, offshore Australia, has resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip. In a brief statement sent to Offshore Engineer…
TMC to Deliver Compressors for Shell's Bonga FPSO
TMC Compressors (TMC), a Norway-based provider of compressed air systems for the marine and offshore industry, has won a contract to supply a complete offshore topside compressed air system to Shell's Bonga Main FPSO in Nigeria. TMC will deliver…
Petrobras Says 2020 Oil Output Averaged Record 2.28 Million BPD
Brazil's state-run oil company Petrolero Brasileiro SA produced a record 2.28 million barrels of oil per day on average in 2020, according to a securities filing on Thursday. The combined oil and natural gas output of Petrobras, as the company is known…
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Suncor to Record Impairment Charge on White Rose Assets
Canadian energy company Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project in the Jeanne d’Arc basin off Newfoundland and Labrador.
Saudi Cuts Drive Oil to 11-month High
Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected. Brent crude was up 5 cents to $54.35 a barrel at 1231 GMT after touching $54.90…
Chiyoda to Design Floater for Kumul Petroleum in PNG
Japanese engineering and construction company Chiyoda has won a deal to design, develop, and engineer a Floating, Storage, Re-gasification and Power Generation unit in Papua New Guinea ("PNG") for Papua New Guinea’s national oil and gas company Kumul Petroleum.
SOFEC Cuts First Steel for Sangomar FPSO Turret
Mooring systems provider SOFEC has cut the first steel for the turret mooring system being built for the Senegal-bound Sangomar field FPSO. SOFEC is responsible for all engineering, procurement, and construction (EPC) activities related to the…
Eni Extends Abo FPSO Contract
Italian oil company Eni has extended the contract for BW Offshore's Abo Floating Production Storage Offloading (FPSO) vessel. BW Offshore, the owner of the FPSO, said Monday it had signed the extension with Eni's subsidiary Nigerian Agip Exploration.
Oil Slips, Set for 20% Annual Drop in Tumultuous 2020
Global crude prices slipped on Thursday and lost more than a fifth of their value in volatile trade in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and slammed fuel demand. Still, Brent and U.S. crude benchmarks have more than doubled from April's decade lows.
ABS Rubberstamps MODEC's New FPSO Hull Repair Method
Japanese FPSO contractor MODEC's new offshore repair method for FPSO hulls has received approval by the American Bureau of Shipping (“ABS”) as an original standard repair method. The offshore repair method was developed by MODEC and Toray Industries.
Wison's FLNG Designs Get ABS AiP
Wison Offshore and Marine's standardized 1.3MTPA and 3.0MTPA floating liquefied natural gas (FLNG) designs have received Approval in Principle from the American Bureau of Shipping (ABS). ABS Vice President, Global Gas Solutions, Patrick Janssens…
SBM Offshore, Shell Extend Brazil FPSO Term. SBM in Talks with Exxon Over Guyana Extensions
Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana. The Dutch FPSO operator said Wednesday that the lease…
Brazil: Enauta Takes Ownership of Atlanta Offshore Field, as Barra Exits
Brazilian oil company Enauta has agreed to take full ownership of the working interest in Block BS-4, offshore Brazil, where the producing Atlanta field is located. The company, previously known as Quireoz Galvao, opted to take over an additional…
Nakilat Takes Over Management of FSRU Exquisite
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate. The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018.
Aker BP to Develop Gray Seal Discovery via Skarv FPSO
Norwegian oil and gas company Aker BP has decided to develop the Gråsel (Gray Seal) discovery in the Norwegian Sea. Aker BP, with its Skarv field partners Equinor, Wintershall Dea and PGNiG approved the final investment decision for the Gråsel development on December 17.
Husky, Cenovus Ahareholders Approve $4.78 Billion Merger Deal
Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry. Cenovus said…
Modec Nets Sangomar FPSO Operations and Maintenance Deal
Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal. The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development - Senegal's first offshore development.
Video: The Floating Production Market Faces Headwinds, But Opportunities Exist
Jim McCaul, head of International Maritime Associates and World Energy Reports, gives an update on the offshore floating production sector.
Total Taps Norco for UPS, Battery Support on Offshore Angola FPSOs
French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby…
Woodside's CEO Coleman to Retire in 2021
Woodside Petroleum Ltd said on Tuesday it has started looking for a successor for its long-time chief executive Peter Coleman who plans to retire in the second half of 2021. The change in guard comes at a tricky time for Australia's top independent gas producer.
VIDEO: Floating Offshore Wind: Opportunities & Challenges
The floating offshore wind industry, still considered nascent with around 100MW installed capacity - and minuscule compared to the installed capacity of its „older brother,“ - that is the conventional, fixed bottom offshore wind industry (29GW…