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80 New Jobs in Aberdeen: PD&MS to Modify Dana Petroleum's FPSOs
Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea. The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base.
SBM Offshore to Build Fourth FPSO for Exxon in Guyana
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore…
Hurricane Energy Says Talks with Bluewater Over FPSO Deal 'Positive'
Hurricane Energy, a UK-based oil firm producing oil from the Lancaster offshore field in the UK, has said it has had positive talks over the Aoka Mizu contract extension with owner Bluewater. Hurricane Energy, which started producing from the…
Floating Liquefaction and Regasification Report And Online Database
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Malaysian FPSO Firm Yinson Signs $5.2B LoIs with Petrobras for IPB FPSO Charter and Operations
Malaysian FPSO supplier Yinson has signed two letters of intent with Brazilian oil company Petrobras for the charter, operations, and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin, offshore Brazil.
Eni: Coral Sul FLNG Complete and Ready to Sail Away to Mozambique
Italian energy industry giant Eni said Monday it had held the naming and sail away ceremony for the Coral-Sul FLNG unit, the first floating LNG facility ever to be deployed in the deep waters of the African continent. The event took place at Samsung Heavy Industries shipyard in Geoje…
Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said. The talks include the potential for some future platform assembly in Guyana, the people said.
SBM Offshore Revises Revenue Guidance on FPSO JV Deferral
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture. The Dutch company, which supplies floating oil and gas production vessels…
ExxonMobil 'Back on Track' to Meet Target to Double Earnings -CEO
Exxon Mobil Corp's chief executive said on Wednesday the company is confident it will hit a target to double earnings and cash flow from operations, adding that consumers and governments must decide how quickly the world moves to cleaner fuels.
Aker Solutions Wins Wisting FPSO FEED
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway. According to Equinor, valued at around NOK 350 million…
BW Offshore's FPSO to Stay in Nigeria for One More Year
Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs. The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge.
Coral Sul FLNG Project on Track, Eni Says
Claudio Descalzi, CEO of the Italian oil and gas giant Eni on Friday met with Filipe Nyusi, President of Mozambique, where Eni is working to develop giant offshore gas reserves using a floating LNG unit. Descalzi updated President Nyusi on the Eni-led Coral South Project…
Record Number of Floating Production System Awards Expected Over the Next 18 Months
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.
Orcadian Gets Three FPSO Proposals for Pilot Field
Orcadian Energy, a UK North Sea-focused oil and gas development company previously known as Pharis Energy, has said it has received three expressions of interest for the provision of an FPSO for its Pilot field development. The company engaged…
Hess Sees 1 Million bpd Oil Output from Guyana by 2027
Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday. The projection comes shortly after a second floating production…
Liza Unity FPSO Reaches Guyana
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said. The production storage and offloading (FPSO) facility is expected to add 220…
LNG Demand to Rise 25-50% By 2030 - Morgan Stanley
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday. Morgan Stanley has raised its long…
Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project
Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed. As previously reported DOE…
Guyana Could Resume Oil Supply Talks with India
Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year, the South American nation's vice president told Reuters. Earlier this year, Indian refiners bought at least two test cargoes of Guyana's Liza light sweet crude.
Petrobras Posts Mixed Third-quarter Production Figures
Brazil's Petrobras posted mixed production figures on Wednesday as the state-run oil company ramps up output at some major oilfields while also jettisoning a number of legacy production assets as part of a wider divestment drive. In a securities filing…
Aker Solutions Wins FEED for Wisting FPSO
Norwegian oilfield equipment and technology provider Aker Solutions said Wednesday it has received a letter of intent (LOI) for a front-end engineering and design (FEED) contract from energy company Equinor for the floating production, storage…
Regulator Lays Charges Over 2018 Canada Oil Spill
The Canada-Newfoundland Offshore Petroleum Board said on Tuesday that it has laid three charges following a 2018 oil spill off Canada's Atlantic Coast. The board said it laid the charges against Husky Oil Operations Limited for the spill in the White Rose Field.