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WER 2018 Floating Production Systems Forecast
World Energy Reports’ (WER) 2018 Forecast Report , the 21st in a series of forecasts dating from 1998, presents projection of floating production system orders over the next five years. The 102-page report provides market intelligence and insights…
FPSO Moored at Catcher Field
Premier Oil’s Catcher project remains on pace to achieve first oil before the end of this year with the arrival and hook up of the Floating Production Storage and Offloading (FPSO) vessel BW Catcher last week in the U.K. North Sea. BW Catcher arrived at the Catcher field on October 18…
BP Chairman to Retire
BP has announced that Carl-Henric Svanberg has informed the company’s board of directors of his intention to retire as chairman. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post.
Floating Liquefaction and Regasification Report And Online Database
- Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
- Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
- Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.
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FPSOs: New Storage Tank Explosion Frequencies
The fatal explosion in the pump room on the Brazilian FPSO Cidade de São Mateus in February 2015, demonstrated the potential for major accidents on this type of unit. Although there has never been an explosion in the oil storage tanks of an FPSO…
About 13% US Gulf Oil Output Offline Due to Hurricane Nate
About 13 percent of U.S. Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Friday. That equals about 220,000 barrels per day in production that is offline…
FLNG Hilli Episeyo Departs Singapore Early
Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12. Hilli Episeyo was scheduled to leave Singapore between October 15 and October 20…
Exmar FSRU Locks in For Longevity with EcoLock Protection
Subsea Industries has applied its hard-type Ecolock protective coating to the hull of a 26,320m³ floating storage and regasification (FSRU) unit nearing completion at the Wison Offshore & Marine shipyard in Nantong, China. It is the second major…
Randgrid FSO Begins Gina Krog Field Contract
Teekay Offshore Partners announced the Randgrid FSO, which was converted from one of the Partnership’s shuttle tankers at Sembcorp’s Sembawang shipyard in Singapore, has commenced its charter contract with Statoil ASA (Statoil) on the Gina Krog…
Keppel Wins SBM FPSO Conversion Deal
As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO…
Drydocks World Takes on FPSO Aoka Mizu Projects
Drydocks World, a marine, onshore and offshore service provider to the oil, gas and renewable energy sectors, has signed an agreement for two new projects with Bluewater Energy Services B.V. and end client Hurricane Energy plc. Building on Drydocks…
Offshore Rig Firms See End to Historic Downturn
Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit, executives said.
Petrobras Kicks off Non-binding Stage of Oil Fields Sale
Brazilian state-controlled oil company Petróleo Brasileiro SA has sent additional information on several shallow water oil fields to interested parties as it kickstarts the non-binding stage of the asset-sale process, according to a securities filing on Wednesday.
Brazil Sees Possible Petrobras Privatization in Future
A privatization of state-controlled oil company Petróleo Brasileiro SA is feasible in the long run, Brazil's Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a surprising remark amid rising controversy over state asset sales in Latin America's largest economy.
BrasFELS Delivers Fifth FPSO Project for MODEC
Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte.
World's Largest FSRU Named as MOL FSRU Challenger
Mitsui O.S.K. Lines (MOL) has announced that a naming ceremony for the MOL FSRU Challenger was held at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd.in Korea on September 28.This is the first FSRU for MOL to independently build, own and operate.
Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Exxon Mobil Corp's big bet on Brazil's offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country's rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence…
New Offshore Oil Investments Needed to Avoid Shortages -Hess
Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on Thursday. The past…
FueLNG Completes First Commercial LNG Bunkering in Singapore
FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo.
Total, Chevron Team up in Gulf of Mexico Oil Exploration
Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are…
Transocean Retires Six Floaters
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for…
BP Restores Power at Thunder Horse Platform after Outage
BP restored power at its Thunder Horse platform in the U.S. Gulf of Mexico, according to a statement to Reuters Wednesday. The platform lost power due to an electrical outage Monday. BP said it was redeploying staff to the platform, which has the capacity to produce up to 265…