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British North Sea Oil Costs, Spending on the Rise
The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017, the country's regulator for the sector said on Tuesday. Overall…
New Book Release: Why Only Two FPSOs in the U.S. Gulf of Mexico?
The Late Start and Twenty Year Saga. More than 40 years have passed since the trailblazing Shell Castellon started operation as the first floating production storage and offloading (FPSO) unit in 1977. Ever since, hundreds of these vessels have operated worldwide…
Natural Gas is Here to Stay, Big Oil Says
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy. Top oil companies including Royal Dutch Shell,…
Floating Liquefaction and Regasification Report And Online Database
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DOF Bags Contract Extension in Brazil
Norwegian supply shipping company DOF ASA said its vessel Skandi Hav has been granted a 226-day extension by Petrobras in support of work offshore Brazil. The 1983-built Skandi Hav is now secured firm until June 8, 2019. The vessel is currently…
Alfa Laval to Suppy Pumping Systems for China-built FPSO
Swedish company Alfa Laval has won an order to supply Framo pumping systems to an FPSO (Floating Production, Storage and Offloading) vessel to be built in China. The provider of specialized products and engineering solutions based on its key technologies of heat transfer…
Petrobras Repays 2 Bln Real Loan, Opens Fresh Credit Line
Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025. The…
Aker Solutions to Supply Subsea Production System for Mero 1
Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports , is the most detailed analysis yet made of this growing business sector.
Aker Solutions to Provide Brownfield Services for BP in Angola
Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola. The work scope covers the supply of engineering, procurement…
IEA boss urges oil producers to ease supply concerns
Major oil producers must take "the right steps" to ease supply concerns that have lifted crude prices to a four year-high, the head of the International Energy Agency told Reuters on Thursday. "It is now high time for all the players, especially those key producers and oil exporters…
Norway's Goliat Oilfield to Restart by Friday
Oil production at Eni's Arctic Goliat field off the coast of Norway will restart by Friday following maintenance, the company told Reuters on Thursday. The restart had originally been planned for Oct. 1, but Eni extended the outage to carry…
GAC South Africa Delivers Convoy for BW Offshore
When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge Helene bound for the Far East, the odds seemed to be stacked against them.
Petrobras Test Well at Mero Field Reached 58,000 BPD
Oil company Petróleo Brasileiro SA, or Petrobras, said on Wednesday it finished a long-term test at the Mero field in the Libra pre-salt area with positive results. The Brazilian company said in a statement that the well used for the test in Mero reached an average production of 58…
Chevron Extends North Sea Contract with Petrofac
Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited. The agreement, which has been held by Petrofac since 2014, commenced on September 30.
Baker Hughes to Bid for Petrobras Production-sharing Contract
General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields.
FSU Delivered to Bahrain LNG
Teekay LNG’s first Floating Storage Unit (FSU) has been successfully delivered to charterer Bahrain LNG. The vessel delivered from the yard at the end of August, before going on hire on 19 September, 2018. The vessel will be used to support…
Glencore Mulls Integrated LNG Project in Philippines
Mining and trading giant Glencore is mulling an integrated liquefied natural gas (LNG) import project in the Philippines, a source familiar with the matter said. The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.
Equinor Acquires 40% Stake in Rosebank Project
Equinor has signed an agreement to acquire Chevron’s 40 percent operated interest in the Rosebank project, one of the largest undeveloped fields on the U.K. Continental Shelf (UKCS). The parties did not disclose the commercial terms of the agreement.
Equinor Eyes Chevron's Stake in Rosebank Field
Norway's Equinor is interested in buying Chevron's stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources close to the process told Reuters. Chevron on Wednesday said that it had received interest from a potential…
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.
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…