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Suncor Extinguishes Fire on Terra Nova FPSO
A fire broke out on Saturday aboard Suncor Energy-operated Terra Nova FPSO offshore Canada, the offshore oil and gas regulator C-NLOPB said. Suncor told C-NLOPB that everyone onboard was accounted for and safe, and that the fire had been extinguished.
Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana
Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday, Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) unit.
Petrobras to Issue Global Bonds
Brazil's state-controlled oil firm Petroleo Brasileiro SA has hired banks to coordinate a global bond issue of an unspecified amount, according to a securities filing on Wednesday. Banks BNP Paribas, Itau BBA, JPMorgan & Chase, Scotia Capital and SMBC Nikko will manage the offering.
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Photo: Johan Castberg Anchor System Installation Underway
Norwegian offshore vessel contractor Island Offshore has shared photos of what it says is one of the most comprehensive anchoring projects globally in 2020 - the installation of an anchor system for Equinor's Johan Castberg project in the Barents Sea, offshore Norway.
First Topside Module Lifted on Coral South FLNG Hull
Eni-operated Coral South FLNG project is making progress with the first topside module installed aboard the hull of the under-construction FLNG unit destined to develop offshore gas fields in Area 4 of the Rovuma Basin, Mozambique. Coral FLNG SA…
Workers Test Positive for COVID-19 at Tubarao Martelo Field in Brazil
About 50 workers were infected by the novel coronavirus during an outbreak in recent weeks at a production well owned by Brazilian oil firm Dommo Energia SA, two regulatory sources with knowledge of the matter told Reuters. The production well…
Guyana Received $4.9M in Oil Royalties in 1Q
Guyana received $4.9 million in royalty payments for oil production at the offshore Stabroek block in the first quarter, the finance ministry said on Monday, a period that included the South American country's first crude exports. The crude…
Energean: Karish Pipelaying Works Set to Begin
The Mediterranean-focused oil and gas company Energean is gearing up to begin pipelaying works as part of its Karish development, offshore Israel. The company on Monday said in a social media post that the Solitaire vessel, owned by Allseas…
South Korea's DSME Wins $330M FSRU Order
South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering (DSME) has received an order for a large liquefied natural gas (LNG) floating storage regasification unit (FSRU). In a statement on the Korea Exchange, DSME said the contract was worth around 411 billion South Korean Won…
Hurricane Energy Shuts Lancaster Well. Suspends Output Guidance
Hurricane Energy has shut down an offshore well at its Lancaster field in the UK as its testing to produce oil simultaneously from two wells with the aim to reach 20,000 bopd proved unsuccessful. As a result, Hurricane has backtracked on its 2020 output guidance of net 17,000 bopd.
ABS Launches Guidance and Notations for FPSOs in Brazil
Offshore classification company ABG has launch what it says is industry’s most comprehensive support package for offshore operators in Brazil’s complex regulatory environment, with a detailed technical advisory and two new notations. The ABS…
Delek Looking to Sell Karish & Tanin Royalty Rights
Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering. Delek said it planned to sign a 300 million shekel ($85 million) deal…
Total Backs Out of Oxy's Ghana Assets Acquisition
French oil major Total is pulling out of the agreed acquisition of Occidental Petroleum's Ghana assets. The two companies in 2019 signed a deal whereby Total was to acquire all of the assets of Anadarko in Africa for about $8.8 billion, following the completion of Oxy's takeover of Anadarko.
Petrobras Sees No Need to Cut Oil Production
Brazil's state-run Petrobras sees no need for cuts in oil production, executives say, as the market for its crude remains robust in China, while domestic demand for fuel picks up amid social distancing fatigue in Latin America's largest economy.
VIDEO: SBM Offshore's Liza Unity FPSO Moves to Dry Dock
SBM Offshore, the Netherlands-based FPSO supplier, has shared a video of its Liza Unity FPSO Hull going into the dry dock in Singapore. The hull was ordered on speculation in 2017 as the first of what are now five hulls being built as part of SBM Offshore's Fast4Ward standardized-FPSO-hull program.
Brazil's Petrobras Warns Economy has Changed Forever. Books $11.2B Impairment
Brazil's Petrobras took a 65.3 billion real ($11.2 billion) impairment on its exploration and production assets on Thursday, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent.
Three Firms Compete for Dorado FPSO FEED. WHP Shortlist 'Soon'
Australian oil and gas company Santos, with its partner Carnarvon, is progressing works on the development of the Dorado oil field off W. Australia, with pre-FEED contracts for the FPSO awarded to three "world-class' contractors. The final investment decision date however…
'We Won't Just Weather the Crisis, We'll Come Out Stronger,' SBM Offshore CEO Says
SBM Offshore, one of the world's largest FPSO solutions providers, on Wednesday slightly reduced 2020 guidance due to uncertainty caused by the COVID-19 pandemic and the low oil price environment, but the CEO is optimistic the company will not just weather the storm…
Premier Oil Shelves $1.8B Falkland Islands Offshore Project
UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions.
Rystad: Oil Firms May Need to Kill Old, Loss-Making FPSOs
"The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three-quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s $11.10 per barrel…