Stories

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BP, Golar Agree 11-month Delay for Gimi FLNG

October 1, 2020

Golar LNG has informed that force majeure events have been lifted on the GIMI FLNG the company is building for Greater Tortue Ahmeyim project in Senegal/Mauritania offshore area, and that the project would be delayed for 11 months compared to the original schedule.

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Nexans' Umbilicals for Senegal's First Offshore Oil Project

October 1, 2020

Offshore cable solutions provider Nexans will deliver subsea umbilicals for Senegal's first offshore oil field, the Sangomar. Subsea 7 awarded Nexans a contract to design and manufacture 46km of umbilicals for the Woodside-operated field. Subsea…

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SBM Offshore Confirms Payara FPSO Award

October 1, 2020

With ExxonMobil sanctioning its  third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project. Under the contract, SBM Offshore will construct, install…

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Guyana: ExxonMobil Sanctions $9B Payara Offshore Development

October 1, 2020

U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government. To remind, Reuters last Friday reported that Guyana was close to reaching…

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Drydocks Starts Work on Jotun FPSO TMS

September 30, 2020

Dubai's Drydocks World has begun work on a part of a turret mooring system for Jotun FPSO, for Bluewater Energy, with the end client being Var Energi in Norway. Namely, Drydocks said Wednesday it had held a steel-cutting ceremony to mark the start of production of the turntable project for the FPSO.

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Alfa Laval Pumps for Three China-built FPSOs

September 30, 2020

Swedish company Alfa Laval has said it has won orders to deliver Framo pumping systems for three FPSOs to be built in China. The orders comprise marine pumping systems for crude oil offloading, produced water, slop and ballast duties. The company…

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Petrobras' Tupi Field Output Hits Two Billion Barrels Mark

September 29, 2020

Brazilian oil company Petrobras has informed that the accumulated oil production from the Tupi offshore field in Brazil recently hit the 2 billion barrels of oil equivalent (boe) mark. The field, dubbed the largest deepwater oil producer in the world…

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Nigeria's Oil Reform Could See NNPC Privatized, Deepwater Royalties Amended

September 28, 2020

Nigeria's long-awaited oil reform bill would privatize the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favor of new bodies, a copy of the bill seen by Reuters showed.

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Guyana Nears Deal with Exxon for Payara Project

September 25, 2020

Guyana is close to reaching a deal with Exxon Mobil Corp to approve the company's Payara project, after the company committed to stricter environmental restrictions on gas flaring and wastewater, a top government official said on Friday. Exxon…

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India's ONGC Awards 10-Year Charter for Armada Sterling FPSO

September 25, 2020

Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC. Bumi Armada said Friday that under the contract Armada Sterling…

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Oil & Gas FIDs to Rebound to Pre-Pandemic Levels from 2022, Rystad says

September 22, 2020

Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said.

CNOOC Brings Online South China Sea Oil Project

September 21, 2020

Chinese national oil company CNOOC has produced the first oil from the Liuhua 16-2 oilfield / 20-2 oilfield joint development project. Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in the eastern South China Sea.

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SBM Offshore in Talks with Petrobras Over Buzios FPSO Charter

September 15, 2020

Brazilian oil company Petrobras has started negotiations with the Dutch FPSO supplier SBM Offshore over a potential charter of an FPSO to be installed at the giant Buzios field in the Santos Basin, offshore Brazil. The FPSO, to be named Almirante Tamandaré…

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Alfa Laval Pumps for Two Brazil FPSOs

September 14, 2020

Sweden's Alfa Laval has secured two orders to supply Framo pumping systems for two FPSOs to operate offshore Brazil. Alfa Laval did not say who the clients were but said the orders had a total value of around SEK 155 million (around USD 17,7 million). The deliveries are scheduled for 2021.

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Energean Power FPSO to Set Sail from Singapore in Summer of 2021, Energean Says

September 10, 2020

Oil and gas company Energean, working to develop its Karish field offshore Israel, expects that the FPSO being built for the eastern Mediterranean Sea project will set sail from Singapore in the summer of 2021. The London-listed company shared…

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Hess CEO 'Optimistic' new Guyana Gov't Will Approve Payara Project Soon

September 9, 2020

Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project. The South American nation has…

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Snam Eyeing Stake in Greek Offshore LNG Terminal

September 9, 2020

Greek gas grid DESFA, 66%-owned by a consortium led by Italy's Snam, is interested in buying a stake in an offshore liquefied natural gas (LNG) terminal in northern Greece, people familiar with the matter said on Tuesday. DESFA is considering…

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SRO Solutions Upgrades IBM Maximo for FPSO Player MODEC

September 9, 2020

UK-based tech company SRO Solutions has recently completed what it says is a "major digitization project" for the Japanese FPSO provider MODEC in Ghana where the company has two FPSOs deployed. "The project, part of a series of high value digitization…

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Banff FPSO Arrives at Kishorn Port ahead of Recycling

September 8, 2020

Teekay's Banff FPSO, which recently ceased production in the UK North Sea, has arrived at Kishorn Port for temporary mooring, ahead of recycling. The Banff FPSO had been producing oil for CNRI at the Banff and Kyle fields, some 200 kilometers…

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Yinson Orders TMC Compressors for Anna Nery FPSO

September 7, 2020

Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery , which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil. TMC's compressed…

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