Stories

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Petrobras starts production of Búzios field, Santos Basin

April 21, 2018

Petrobras started (20/4) the production of the Búzios field, in the pre-salt of the Santos Basin, through the platform P-74. Búzios is the first field in production under an Onerous Assignment regime. The P-74 is located about 200 km off the coast of the state of Rio de Janeiro…

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Petrobras March Production Dips

April 21, 2018

Petrobras reports that, in March its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), with 2.56 million boed produced in Brazil and 99 thousand boed produced abroad.

Conract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel Photo courtesy Statoil.jpg

Life Extension for FSO Njord Bravo

April 19, 2018

Statoil, on behalf of the Njord license, awarded a NOK 1.3 billion ($168 million) contract to Aibel to upgrade the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea. The FSO will be prepared for extended operation of the Njord and Hyme fields…

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InRange is developed as a “plug and play” solution and can be easily installed by crew members. Its main features include  ScanReach-GUI-tweak.jpg

ScanReach's In: New Safety at Sea Tech

April 19, 2018

Norwegian start-up technology firm ScanReach is set to redefine safety standards at sea with In:Range, a unique system capable of locating anyone on a vessel or offshore installation in real time. The plug and play technology is simple, easy to install…

Golar LNG Enters Preliminary Deal for BP FLNG

April 19, 2018

Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal. The Preliminary Agreement…

ConocoPhillips' Alaskan venture a success

April 17, 2018

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plus three exploration wells.

Venezuela Arrests Two Chevron Execs

April 17, 2018

Chevron Corp said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuelan Sebin intelligence…

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Goliat Field Output Resumed After Fire

April 16, 2018

Oil firm Eni said output from Norway's Goliat field has resumed after being shut since Friday morning following a small fire. The platform has a capacity to produce almost 100,000 barrels per day (bpd) of oil. "Production resumed Sunday morning," a Eni spokeswoman told Reuters.

TechnipFMC Grabs BP FPSO Design Contract

April 16, 2018

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located…

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Fire in Sauna Shuts World's Northernmost Oilfield

April 13, 2018

The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers…

Statoil Eyes Future Projects with Pemex

April 13, 2018

Norway's Statoil will evaluate new offshore projects in Mexico, including potential tie-ups with state oil company Pemex, the firm's top executive said, adding that a first deepwater well in an existing Gulf project will likely be drilled next year.

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Petrobras, BP Reinforce Partnership

April 12, 2018

Petrobras chief executive officer, Pedro Parente, and BP chief executive officer, Robert Dudley, signed a Memorandum of Understanding (MOU) to complement and reaffirm the commitments contained in the Letter of Intent (LOI), signed by the companies in October 2017.

Eni CEO Says Q1 Production Rose 4%

April 10, 2018

Italy's Eni grew its oil and gas production by 4 percent in the first quarter, CEO Claudio Descalzi said on Tuesday. "Production is good. We have 4 percent growth year-on-year and quarter-on-quarter," Descalzi said, presenting the group's recent business plan in New York.

Pictured left to right Florin Boros, Associate Director – Transportation Clients, ABN AMRO Bank; Pierre Frachon, Head of Shipping & Offshore for France, Benelux, Italy and Eastern Europe, ‎BNP Paribas

SCF Secures Funds for Six Aframax Tankers

April 6, 2018

PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale.

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FSRU Höegh Esperanza Delivered

April 5, 2018

Höegh LNG Holdings Ltd. took delivery of Höegh Esperanza, its eight floating storage and regasification unit (FSRU). The FSRU was constructed at Hyundai Heavy Industries in South Korea and is designed for open, combined and closed loop regasification operation.

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MHWirth Bags Drilling Equipment Contract

April 5, 2018

MHWirth AS, a company owned by Akastor ASA, has entered into a contract with Keppel FELS for delivery of the drilling equipment package for a new semisubmersible drilling rig for harsh environment use, with options for further three packages.

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GAIL to Start Importing LNG Under Gazprom Deal

April 4, 2018

GAIL (India) to begin getting liquefied natural gas (LNG) under reworked deal with Gazprom from May, India's oil minister Dharmendra Pradhan told lawmakers on Wednesday GAIL signed a 2.5 million tonnes a year LNG import deal with Gazprom in 2012 Supplies under the reworked deal will be gradually ramped up and likely to reach full volumes in 5-6 years

Petrobras to Pre-pay $1.4 Bln in Bonds Maturing in 2020

April 4, 2018

Brazilian state-controlled oil company Petroleo Brasileiro SA said on Wednesday it would prepay $1.4 billion worth in bonds maturing in 2020, with coupons of 5.75 percent and 4.875 percent. The amount will be paid on May 3, Petrobras said in a securities filing…

Oil Down 2%

April 2, 2018

* Concerns of U.S. sanctions against Iran also support crude   * Rising Russian output, U.S.-China trade spat weigh   * U.S. crude output rose to 9.964 mln bpd in Jan - EIA (Updates prices)   Oil fell by more than 2 percent on Monday, pressured by a rise in Russian production…

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BSEE Inspects New Shell Appomattox Platform

April 2, 2018

As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018.

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