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LNG to FSU Conversion Completed at Sembcorp

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at Sembcorp Marine’s Admiralty Yard in Singapore. Synergy will manage…


McDermott Ships Second Batch of Topside Modules for Modec FPSO

Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec. The new shipment comes just weeks after the first…

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VIDEO: Final Topside Module Installed on Eni's Coral Sul FLNG

The last of 13 topside modules has been lifted and installed aboard Eni's Mozambique-bound Coral-Sul FLNG facility, being built by Samsung Heavy Industries in South Korea. The lifting of the module marks the end of the onshore-modules fabrication…

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Tamarind Buys Rubicon Intrepid FPSO

Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C, Northwest Palawan since October 2008.

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Palfinger's Cranes for Giant Brazil-bound FPSO

Crane specialist Palfinger will deliver  two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at  Equinor's Bacalhau field (formerly Carcará),…


Nigeria: First E&P Kicks Off Production from Anyala West Field

Nigerian oil and gas company First E&P has this week announced it has started oil production from the Anyala West field offshore Nigeria. The field is located in Oil Mining Leases (OMLs) 83 & 85, in the shallow waters offshore Bayelsa State…


Dana Petroleum Brings Online New Well at Bittern Offshore Field

Oil and gas company Dana Petroleum has brought online a new well on the Bittern oil and gas field in the UK North Sea. "Production from the new B5 well, which is a sidetrack of an existing Bittern well, is running at over 5,000 barrels of oil per day," Dana Petroleum said.


Marine and Offshore Specialist Joins LOC's Longitude Engineering

Longitude, the engineering and design branch of LOC Group, has appointed James Sugden as head of the Marine Systems Engineering team. Longitude said the appointment expands the company’s expertise in the design and engineering of marine systems on ships…


Total Keeps Dividend But Cuts Investment Target

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend. The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…


ConocoPhillips Posts Smaller-than-expected Loss

Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smaller-than-expected quarterly loss on Thursday as it benefited from a recovery in crude oil prices from pandemic-driven lows. Oil prices began recovering…


Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have…


IRClass Classes India's First LNG-FSRU

Ship classification society Indian Register of Shipping (IRClass) has classed India’s first LNG-FSRU. Built at Hyundai Shipyard in Ulsan, South Korea, the 180,000 cu.m, the Indian-flagged, is designed for continuous operations without the need for drydocking over a period of 20 years.

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CEO Says Shell's Oil Production Peaked in 2019

Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy. The Anglo-Dutch company hit record earnings from its vast retail division…

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MAN to Supply Compressor Tech for Bacalhau FPSO

MAN Energy Solutions will supply five radial compressor and two screw compressor trains for the Bacalhau FPSO, under the contract with the Japanese FPSO specialist MODEC. The compressor trains will be installed aboard the FPSO that will be used to produce oil for Equinor at the Bacalhau field…

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Petrobras to Buy P-71 FPSO and Deploy It on Itapu Field

Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field. Petrobras said that the FPSO was to be used at the Tupi field, however…


Digitizing Risk-based Integrity Management of FPSOs

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…


BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…


Brazil: Karoon Gets ANP Approval to Take Over Bauna Field

Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40…

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Modec Hires GranEnergia's Accommodation Unit for Ops in Brazil

Modec do Brazil, a Brazilian subsidiary of the Japanese FPSO provider Modec, has hired GranEnergia's offshore accommodation unit Venus. GranEnergia said via social media that MODEC, which operates multiple FPSOs in Brazil, would use the semi…


ABS Grants Approval in Principle for DSME Floater

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) for the design of what it described as "a wide breadth, single row, near-shore LNG Floating Production Storage Offloading…


Prelude FLNG Won't Restart in 2020

Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…

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