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MODEC Confirms Its First FPSO Order in Guyana
Japan's MODEC said Monday it would proceed with engineering, procurement , and construction on the Uaru FPSO vessel following a final investment decision on the Uaru offshore oil project by ExxonMobil in Guyana last month. The Uaru FPSO is named ‘Errea Wittu’…
Bumi Armada Sells Armada Claire FPSO
Malaysian FPSO leasing company Bumi Armada said Tuesday it had completed the sale of the Armada Claire floating production storage and offloading vessel. The FPSO was sold by Bumi Armada's subsidiary, Armada Balnaves. "The Armada Claire sale was on an “as is where is” basis…
World's Largest FSRU Arrives in Hong Kong
The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first liquefied natural gas (LNG) import terminal, said CLP Power Hong Kong Ltd and Hong Kong Electric Co. Ltd. The FSRU arrived…
Floating Production Systems Report And Online Database
- Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
- Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
- Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
- Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.
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Karoon Brings Another Production Well Online at Patola field, Offshore Brazil
Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil. The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…
Brazil: Atlanta Field Daily Output Reaches 22,000 bbl/d, Enauta Says
Brazilian oil company Enauta Participações has concluded the production ramp-up of the new well in its Atlanta field offshore Brazil., Enauta had said earlier this week that it had connected the new well 7-ATL-5H-RJS (“5H”) to the FPSO Petrojarl I.
Asian Energy Services to Operate and Maintain Svetah Venetia FPSO
India-based Asian Energy Services has recently secured a Letter of Award for the operations and maintenance works (O&M) of the Svetah Venetia FPSO unit. The UAE-based Svetah Energy Infrastructure awarded the contract. The FPSO will be deployed…
BW Offshore Wraps Sale of BW Opportunity FPSO
BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party. The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer.
Swan Energy's TOPL Awaits Lenders' Nod for FSRU Vessel Deal with BOTAS
BSE-listed Swan Energy, via its 51% subsidiary Triumph Offshore Private Limited (TOPL), said Friday it had executed a term sheet with Turkey's BOTAS to lease an FSRU vessel to the Turkish firm. The term sheet, signed on December 31, is for chartering…
NH3 FPSO Concept: Floating 'Green' Ammonia Poduction gets DNV AIP
An industrial scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV , and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by…
BW Energy's Brazilian Oil Field Purchase Faces Delay Amidst Petrobras' Divestment Program Review
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program.
Greece's First FSRU Project Starts with Conversion at Keppel
Work has begun to develop Greece’s first Floating Storage Regasification Unit (FSRU) at the Keppel shipyard in Singapore, with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea , recently renamed Alexandroupoli. Following conversion…
Yinson Bags $5.3B Deal for its First FPSO Project in Angola
Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola. The contract, awarded by Eni Angola, is for the provision of the FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).
Jadestone Energy Targets End of Month Production Restart for Montara Venture FPSO
Jadestone Energy, an Asia Pacific-focused oil and gas company, has taken a step toward restarting production from its Montara Project offshore Australia. The company shut down production from the Montara Venture FPSO last year, first, to allow…
Drydocks, Aker Solutions JV Pens Deal to Upgrade FPSO for Equinor's Rosebank Field
Dubai's shipbuilding and shiprepair company Drydocks World and Norwegian offshore engineering and construction firm Aker Solutions have established a joint venture to upgrade the Petrojarl Knarr FPSO for Equinor's Rosebank offshore oil and gas field in the UK…
Petrobras 'Pre-salt' Geologist Tapped to Head E&P
The new Chief Executive of Brazil's Petrobras , Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday. As the company's chief geologist…
Yinson's FPSO Contract in Nigeria Ends after 16 Years as Client Opts to Buy the Floater
The Malaysian FPSO leasing company Yinson has completed the 16-year contract for FPSO Adoon in Nigeria as the client Addax decided to buy the FPSO. The contract for the FPSO which has been operating at Block OML 123 offshore Nigeria, had an original term of 8 years until 2014…
German Green Group Seeks to Cut Wilhelmshaven FSRU License by 10 Years
A German environmental group has lodged a complaint calling for the operating licence of a new floating liquefied natural gas (LNG) terminal at Wilhelmshaven to be shortened by a decade citing its discharging of chlorine and risks to Germany's climate targets.
Aker Solutions, Drydocks to Upgrade Petrojarl Knarr FPSO for Deployment at Equinor's Rosebank Field
Norway's Aker Solutions will upgrade Altera Infrastructure's Petrojarl Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor's Rosebank field development, offshore the UK. Petrojarl Knarr was built by Samsung…
FSRU Exemplar Arrives in Finland
Excelerate Energy's floating storage and regasification unit (“FSRU”) Exemplar arrived at the port of Inkoo, Finland on December 28, 2022. The FSRU was previously loaded with a partial cargo of liquefied natural gas (LNG) which will serve as the initial commissioning cargo for the terminal.
Short-term Charter Extension for Yinson's FPSO in Nigeria
Malaysia's FPSO leasing company Yinson has secured a one-month contract extension for its Adoon FPSO in Nigeria. The contract was signed with client Addax, a Sinopec subsidiary, on December 16, 2022 and will run until January 2023. The value…