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INTECSEA Wins MJ Field Contract from RIL
Worley subsidiary INTECSEA has been awarded a project management consultancy (PMC) contract by Reliance Industries Ltd (RIL) for the MJ Field deepwater gas and condensate project offshore India. Under the contract, INTECSEA will provide PMC…
Vaalco extends BW Offshore FPSO charter
The owner and operator of floating production storage and offloading (FPSO) vessels BW Offshore has received a one-year contract extension for the lease of one of vessels from Vaalco Energy. The Oslo Stock Exchange-listed company said in a press…
White Rose to Resume Full Production
Canada's Husky Energy said on Friday it will resume full production at its White Rose field off the coast of Newfoundland & Labrador, which was shut down last year after an oil spill in November 2018. White Rose production will ramp up to reach full rates of approximately 20…
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MODEC Raises $1bln Bond for FPSO Project
Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading (FPSO) vessel chartered to the TUPI consortium. TUPI consortium is led by Petrobras with the…
Woodside H1 Profit Slumps
Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring global environment. Australia's biggest independent oil and gas…
Rosenberg Worley Wins Vår Energi Contract
Vår Energi said it has awarded an engineering, procurement, construction and installation (EPCI) contract to Rosenberg Worley for the lifetime extension of the Jotun floating production storage and offloading vessel (FPSO), enabling oil and gas production from the Balder field until 2045.
Airborne to Supply TCP Jumpers in Nigeria
Airborne Oil & Gas announced on Wednesday it has secured a contract with Addax Petroleum which will see the firm deliver two gas lift jumpers offshore Nigeria. The Netherlands headquartered business will supply two, 180-meter-long thermoplastic…
Flowserve Inks Deal for Prelude FLNG
Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility…
Petrobras Prepays Debt with Pension Fund
Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it had prepaid a 2.7 billion reais ($678 million) debt with its employees' pension fund Petros that was due in 2028, according to a securities filing. Petrobras, as the company is known…
Helang FPSO Process System Delivered
Oilfield equipment and services company NOV said it has completed the first full topside process systems delivery for Helang FPSO redeployment. NOV's Process and Flow Technologies business unit was contracted by Yinson to design and deliver the full topside process system for FPSO Helang.
Murphy Green-lights King’s Quay FPS
Murphy Oil has sanctioned the King’s Quay project in the US Gulf of Mexico, the US independent revealed in its second quarter earnings report. Anchored by the deepwater Khaleesi/Mormont and Samurai developments, the King’s Quay floating production…
SBM's Third Fast4Ward Hull Under Construction
Construction on SBM Offshore's third Fast4Ward floating production, storage and offloading unit (FPSO) hull recently began at Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore (SWS), the Dutch FPSO provider revealed on Thursday.
James Fisher Acquires SM Continental
UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental. Continental…
Amplus Awarded Contract in Angola
Floating production solutions specialist Amplus Energy Services announced on Wednesday that it has been awarded a multimillion-dollar contract to reevaluate the development of marginal fields in Angola with the aim to form economically viable…
Euronav Sells VLCC for FPSO Conversion
Belgium-based crude oil tanker company Euronav NV has sold its oldest very large crude carrier (VLCC) for conversion into a floating production storage and offloading (FPSO) vessel. The ship owner announced that its subsidiary Euronav Luxembourg has sold the VLCC vessel VK Eddie (2005 – 305…
Petrobras Reports Production Boost
Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore "pre-salt" region. In a presentation to discuss record quarterly profits…
Kosmos Sees Mauritania, Senegal Deal by Year-end
Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday. In December, BP and its partners…
MODEC Unveils New FPSO Designs
Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity.
Petrobras Posts Highest-ever Quarterly Profit
Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales. In a securities filing, Petrobras, as the firm is commonly known…
Yinson in 2-Months Extension for Vietnam FPSO
Malaysia's Floating, Production, Storage and Offloading (FPSO & FSO) service provider Yinson Holdings Berhad said that it has secured a two-month extension for its Lam Son FPSO for operations within the Lam Son field, offshore Vietnam. "The…