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Guyana Puts Oil Auctions on Hold
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday. Since 1999, Guyana has awarded a group…
Big Oil Readies Brazil Offshore Bets
Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's coveted offshore oil for another four years, as a wide-open election spurs fears about barriers to foreign investment.
Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets
Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter. The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion…
Floating Liquefaction and Regasification Report And Online Database
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Norway's Gas Exports Set to Match Annual Record
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday. Between May and August, which is normally a season with fewer gas exports…
Bangladesh Shelves LNG Projects as Others Ramp Up
Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March. Bangladesh has…
MacArtney Supplies Moog Focal LVEOS Swivel to FPSO
MacArtney said it has supplied a Low Voltage Electrical Optical Swivel (LVEOS) to Norwegian turret and loading systems provider for intended inclusion into a swivel stack for a floating production, storage and offloading vessel (FPSO). OneSubsea…
LR Grants AiP for Wison’s 300MW FSRP Design
Lloyd’s Register (LR) has issued approval in principle (AiP) to Wison for its 300MW capacity floating storage, regasification, power plant (FSRP) concept design. A relatively new design concept, FSRPs are essentially floating liquefied natural…
Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls
The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls. This follows the…
Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one. So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…
FSO Installed in Culzean Field
Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service.
Digitization of the Norwegian Continental Shelf
A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea. The system, developed by Eni Norge in cooperation with Safetec and SINTEF…
Aker Solutions Wins Services Contract in Brazil
Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers.
BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.
BW Adolo FPSO Produces First Oil
BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on 16 September 2018, 18 months after the initial investment was made in the Dussafu license offshore Gabon. "We have achieved first oil from the Dussafu license within budget and on schedule", said Carl K.
Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday.
Reviewing Sapinhoá-Lula NE BSR System
The exploration and production of deepwater pre-salt plays offshore Brazil have triggered major technological challenges. Some reservoirs are located under 2,000 meters of water and have to be drilled through another 2,000 or so meters of salt.
Electrification in a New Era for the O&G Industry
With the recovery in oil prices, deepwater and ultradeep water oil and gas (O&G) projects are the focus of renewed interest. Project viability will come down to a continued focus on cost, but also productivity through high-performing assets.
Okea Weighs Its Options for Grevling Oil Discovery
Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.
Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina. Argentina currently imports liquefied natural gas (LNG) through two floating import terminals…
Petrobras Sees Lower 2018 Net Debt, Ups Free Cash Flow
Brazilian state-controlled oil company Petróleo Brasileiro SA on Monday cut its 2018 net debt target to $69 billion from $85 billion in 2017, according to a presentation to investors. Petrobras, as the company is known, forecast $15 billion in free cash flow in 2018, up from $13.9 billion in 2017.
Ancient Relics Found in Subsea Pipeline Route
Underwater archaeologists have been scouring the seabed where a gas pipeline is being built off Israel's coast in a bid to preserve relics near a 5,000-year-old port which once was a key trade hub for the Mediterranean's ancient civilizations.