Stories

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Modec Eyes Major Brazil Contracts

January 14, 2020

Japanese floating equipment maker Modec Inc is looking to win one or two major platform contracts per year in Brazil as it aims to grow in the country's offshore oil boom, a senior executive told Reuters. A string of contracts in recent years has made Brazil a key market for the firm…

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Eni's Coral Sul FLNG hull launched

January 14, 2020

Italian oil and gas company Eni has launched the hull of its Coral Sul FLNG unit at Samsung's Geoje yard in South Korea. Once completed the FLNG unit will be deployed over Eni's Coral reservoir in Area 4 offshore Mozambique and will be used…

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Liza Unity FPSO Hull Arrives in Singapore

January 13, 2020

The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022.

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7th Extension for FPSO Polvo in Brazil

January 13, 2020

Brazilian oil firm PetroRio has extended the FPSO Polvo charter with BW Offshore. Oslo-listed owner of the FPSO BW Offshore said Friday that it had signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.

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Subsea 7 Wins 'Very Large' Sangomar Contract

January 10, 2020

Offshore installation and construction specialist Subsea 7 has said it has won a 'very large' subsea equipment contract from Woodside for the Sangomar project offshore Senegal. Subsea 7 has won a contract in cooperation with Schlumberger's One…

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Woodside Executes Sangomar Contracts As FDP Approved

January 10, 2020

Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the "execute phase" of activities. The FDP approval comes just days after Woodside and its partners received…

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Modec Confirms Sangomar FPSO Order

January 10, 2020

Japanese FPSO specialist Modec has confirmed it has secured an order from Woodside for an FPSO to be deployed at the Sangomar project offshore Senegal. The confirmation of order came Friday just after Woodside had announced its field development…

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Boskalis: One Dead, Five Sick on FPSO

January 10, 2020

Dutch dredging and offshore contractor Royal Boskalis Westminster N.V. has confirmed  that one contract worker is dead and five were seriously injured after consuming a ‘toxic’ cleaning liquid on board a floating production, storage and offloading (FPSO) vessel destined for Brazil.

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Cleaning Liquid Proves Deadly for Brazilian Crew

January 9, 2020

One person died, and five others became seriously ill after reportedly drinking cleaning liquid earlier this week aboard a floating production, storage and offloading unit (FPSO) being transported by Boskalis' Vanguard heavy-transport vessel.

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Premier Oil, Rockhopper in Sea Lion Farmout Push

January 8, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. The companies have signed non-binding heads of terms with Navitas Petroleum…

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Oil, New Investors Keeping FPSO Market Buoyant

January 8, 2020

Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago…

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Royston Overhauls Aoka Mizu FPSO Power Systems

January 6, 2020

Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu. The diesel power specialist said its team of engineers undertook the 6…

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Oil Hits $70 a Barrel

January 6, 2020

Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude…

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Carapa Wildcat Disappoints in Guyana

January 2, 2020

Shares of Tullow Oil dropped by nearly a fifth on Thursday as the oil producer's update on the commercial viability of its new well offshore Guyana disappointed investors. Tullow said the Carapa well in the Kanuku offshore block contains oil…

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Petrobras Board Member Lins Resigns

January 2, 2020

Brazil's state-run oil company Petroleo Brasileiro said on Thursday that board member Clarissa Lins had tendered her resignation.

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Eni Extends Abo FPSO Contract

January 2, 2020

BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A. The contract is extended until end Q4 2020, with options until Q4 2021…

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Worker Injured on Terra Nova FPSO

December 31, 2019

A worker was injured on the Terra Nova floating production, storage and offloading unit (FPSO) offshore Canada's East Coast, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said on Monday. On Sunday night, operator Suncor…

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Santos Plans Van Gogh Maintenance

December 31, 2019

Australian oil and gas producer Santos Ltd said on Tuesday it plans to carry out maintenance between April and August at its offshore production unit that produces Van Gogh crude. "The Ningaloo Vision will be undergoing scheduled dry dock maintenance in Singapore over this period…

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Petronas Buys Stakes in Two Campos Fields

December 30, 2019

Malaysia’s Petroliam Nasional Berhad (Petronas) announced it has acquired stakes in two deepwater fields in the Campos Basin offshore Brazil. Petronas said on Sunday its subsidiary Petronas Petróleo Brasil Ltda. (PPBL) completed its acquisition…

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Oil Hits Highest Since September

December 26, 2019

Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply. The American Petroleum Institute…

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Boskalis Bags El Salvador FSRU Gig

December 26, 2019

Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU)  to an onshore power plant in El Salvador. The contract was awarded by Energia del Pacifico (EDP)…

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