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Petrobras to Pre-pay $1.4 Bln in Bonds Maturing in 2020
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%
* 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…
BSEE Inspects New Shell Appomattox Platform
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.
Floating Production Systems Report And Online Database
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Qatargas, EGAT Exploring LNG Collaboration
Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) announced the signing of a Memorandum of Understanding (MoU) to explore collaborative efforts in the LNG business. Under the terms of the MoU…
Exxon Leads Oil Majors in Aggressive Offshore Brazil Bids
Exxon Mobil Corp roared into Brazil's prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country's choice reserves ahead of presidential elections later this year. Exxon…
Production Floaters Orders Are on the Rebound
Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate.
UTEC Develops Bespoke FPSO Virtual Management Tool
UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production storage and offloading unit (FPSO) from their desktop. The field, located offshore…
Petrobras Secures $606 mln Credit Line from Banco do Brasil
Brazilian state-controlled oil company Petróleo Brasileiro SA said on Monday it has hired a 2 billion real ($606 million) credit line from state lender Banco do Brasil SA expiring in Feb. 2023. In a securities filing, Petrobras, as the company is known…
Optime Presents New Tree Control and Intervention System
At Subsea Valley 2017, Jan-Fredrik Carlsen, CEO of the Notodden based Norwegian company Optime Subsea, promised to revolutionize the intervention and controls segment of the subsea oil and gas industry through a new and disruptive technology.
TechnipFMC bags Energean Karish Field contract
TechnipFMC has been awarded an iEPCITM (integrated Engineering, Procurement, Construction and Installation) contract by Energean Oil & Gas for the Karish full field development, located offshore Israel at a water depth of 1,750 meters. This…
Mexican President Defends Energy Reform from Leftist Attacks
Mexico's president on Thursday defended his decision to open the energy sector against attacks from the man currently favorite to succeed him, saying a rollback of the measure could cost the country billions of dollars in lost investment. The…
Asian Oil, Gas Producers Stepping up Activity after Long Lull
Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis. Spending has so far been driven mainly by state oil companies such as India's ONGC…
Statoil Awards Askeladd Development Contracts
Statoil is awarding a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development. "The Askeladd project is being developed in a period of several key milestones for Statoil in North Norway.
Record-size US Offshore Oil Lease Sale Draws Modest Bidding
Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department…
CGG Begins Deepwater Survey Offshore Brazil
CGG said it has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast ongoing pre-salt program that delivers ultramodern seismic data…
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor…
More Exploration off Norway Needed to Maintain Output -Petoro
Oil companies must explore for more offshore oil and gas reserves if Norway is to maintain energy production at its current level, state-owned oil firm Petoro said on Wednesday. Petoro holds stakes in several oil and gas firms off Norway and…
BMT Rolls Out New Big Data Product: BMT Deep
BMT has introduced BMT Deep, an advanced interactive asset data platform designed to deliver deeper insights for enhanced offshore asset performance management. “With 20+ years practical experience of working with marine structures, we have developed a platform that can monitor…
MISC Berhad Names FSO Benchamas 2
MISC Berhad held the naming and delivery ceremony of its new Floating, Storage & Offloading (FSO) facility for Chevron Offshore (Thailand) Limited (COTL), the FSO Benchamas 2. The project marks MISC’s maiden foray into Thailand’s offshore oil…
Woodside to Operate Scarborough
Woodside and BHP have entered into an agreement in relation to the proposed development of the Scarborough gas field. BHP waived its right of pre-emption and provides its consent to the sale by ExxonMobil to Woodside of its 50 percent interest…
Start of Golar's FLNG in Cameroon May Draw More Africa Clients
Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea. As the…