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Interview: Woodson Ferreira, Aker Solutions, Brazil
It is part of the company's strategy (for Brazil) to become a competitive international hub for projects with operators such as Statoil, Total, BP, among others. It is still a time of uncertainty and caution, but we are optimistic about the gradual recovery.
Oil Finishes Strong in 2017
U.S. oil prices rose above $60 a barrel on the final trading day of the year and hit their highest since mid-2015, as an unexpected fall in American output and a decline in commercial crude inventories stoked buying in generally thin trading.
U.S. crude stocks drop 4.6M bbls
U.S. crude stocks fell last week as refineries hiked output, while gasoline and distillate inventories rose, the Energy Information Administration said on Thursday. Crude inventories fell by 4.6 million barrels in the week to Dec. 22, compared…
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.
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Ship of the Year: MOL FSRU Challenger
MOL FSRU Challenger is Maritime Reporter & Engineering News' Great Ships of 2017. The World’s Largest Floating Storage and Regasification Unit (FSRU Max). Japanese shipowner Mitsui O.S.K. Lines, Ltd. (MOL) in middle of October, took delivery…
BSEE Proposes Softening of Offshore Drilling Rules - WSJ
A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role of government in offshore oil production, the Wall Street Journal reported on Monday. The Bureau of Safety and Environmental Enforcement (BSEE)…
World's Largest Vessel Set to Sail in 2018
In 2018, Shell's huge floating liquefied natural gas (FLNG) Prelude, the world's largest vessel, will begin its job of extracting and processing gas at sea, reported CNBC. The 488-meter-long and 74-meter-wide floating facility left the shipyard…
Shipyard Contract Cancelled
Ongoing uncertainty in the global offshore energy sector has claimed another casualty, as Kawasaki Heavy Industries announced that it has terminated -- in agreement with Island Navigator I KS -- the shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator.
Petrobras: O&G Auction Not in CapEx Plan
Brazil's state-run oil company Petroleo Brasileiro announced that it had not allocated money to bid in upcoming oil and gas auctions in its five-year capital spending plan, according to a presentation hosted by exploration and production director Solange Guedes.
ABS Grants AIP for LNG Power Vessel
ABS has granted Approval in Principle (AIP) to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., for its LNG Power Vessel. The vessel is designed in accordance with the applicable requirements of ABS Rules and IMO Regulations. “ABS provides the…
Shipbuilding First: Wison Delivers Barge-based FSRU
A shipbuilding first was recorded with Exmar took delivery of the world's first barge-based FSRU and secures long-term employment for the unit. Final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) from the Wison Shipyard in Nantong, China.
SBM Offshore Completes FPSO Liza Financing
SBM Offshore said it has secured the $720 million project financing for FPSO Liza through a consortium of 12 international banks, completed on December 19, 2017. SBM Offshore said it expects to draw the loan in full, phased over the construction period of the FPSO.
Petrojarl I Sails for Brazil Following Upgrades
Teekay’s long standing 31-year-old floating production, storage and offloading (FPSO) unit Petrojarl I has sailed-away en route to the Atlanta Field off Brazil following upgrades at the Aibel AS shipyard in Norway. “This has been a challenging…
Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects
Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. The deal, which was signed in Rio de Janeiro…
Trelleborg Solutions for FLNG Ship-to-Shore System
Trelleborg has hailed the recent test of the Universal Transfer System (UTS) conducted with Connect LNG and Gas Natural Fenosa, as tangible evidence of the new applications that its suite of products for jettyless LNG transfer can unlock in this challenging field.
Eni plans to restart Norway's Goliat Oilfield
Italian oil firm Eni said on Friday it planned to restart production at its Goliat oilfield in the Arctic Barents Sea within a few days. The Norwegian Petroleum Safety Authority (PSA) said earlier on Friday the company could bring back on stream the 100…
Former Chief of Daewoo Shipbuilding Gets 6 Years in Jail
Former Daewoo Shipbuilding & Marine Engineering (DSME) boss Nam Sang-tae sentenced to six years in prison by Korean court for embezzlement and bribery, Yonhap reported. The report said that the Seoul Central District Court handed down the guilty verdict to Nam Sang-tae…
Aker to Design Johan Castberg FPSO Accommodations
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO). The work scope includes detailed design engineering of the living…
Roxtec Seals for New North Sea FPSO
Cable sealing solutions designed by Roxtec have been used in the construction of Dana Petroleum’s new Western Isles floating, production, storage and offloading (FPSO) vessel, which started production in the U.K. North Sea last month. Roxtec…
Petrobras to Receive about $200 Mln from Corruption Repayments
Brazilian state oil company Petroleo Brasileiro SA will receive about 650 million reais ($201 million) in funds recovered from the country's largest-ever corruption investigation, known as Car Wash, the federal prosecutors office for the state of Paraná said on Tuesday.
Wison, CCS Partner on China’s FSRU Standards
Wison Offshore & Marine announced it will collaborate with China Classification Society (CCS) Wuhan Rules & Research Institute on various fronts of floating liquefied natural gas (FLNG) storage and re-gasification facility (FSRU) developments in China under a strategic cooperation agreement.
First Libra Pre-salt Oil Shipment Likely in Early January
Petróleo Brasileiro SA is likely to begin shipping oil from the Libra pre-salt area early in January, an executive at the Brazilian state-controlled oil company said on Friday. Operations at Libra kicked off this week with an output of around 17…