Stories

Brazil Oil Output up 3% in September

November 1, 2017

Oil production in Brazil rose 3 percent in September to 2.65 million barrels per day compared to August, oil regulator ANP said on Wednesday. Gas production reached 114 million cubic meters per day, a 1.9 percent rise over August. In total,…

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Oil Tank Inspection: Cyberhawk Gets ABS Certification

November 1, 2017

As the maritime world increasingly turns to unmanned and autonomous systems to carry out difficult and dangerous work, one drone innovator has received certification from a leading classification society to this end. Cyberhawk Innovations reports…

Petrobras, BP Discuss Areas for Strategic Partnership

October 31, 2017

Petróleo Brasileiro SA has begun talks with BP Plc to form a strategic partnership, the Brazilian state-controlled oil company said in a securities filing on Tuesday. Petrobras, as the company is known, and BP may collaborate in areas such as oil exploration and production…

Floating Production Systems Report And Online Database

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Hempel Launches New Coatings

October 30, 2017

Hempel is launching two new antifouling coatings, Globic 9500M and Globic 9500S. According to the manufacturer, the coatings offer customers a potential 2.5% reduction in speed loss, meaning a significant fuel savings and lower CO2 emissions…

Brent Oil Stays Above $60

October 30, 2017

Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March although rising Iraqi exports put a lid on prices. Brent crude futures were up 10 cents or 0.2 percent to $60.54 per barrel at 1:39 p.m.

Diamond Offshore Shares Buoyant

October 30, 2017

As the offshore energy market continues to search for signs of recovery, latest news from Diamond Offshore points to better times ahead. On Monday, October 30, 2017 Diamond Offshore reported better-than-expected quarterly profits, in part driven…

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Exmar in Talks to Supply FLNG Vessel for Iran Project

October 26, 2017

Belgium's Exmar is in negotiations for the use of its floating liquefied natural gas vessel Caribbean FLNG (CFLNG) for an Iranian export project, the company told Reuters on Thursday. The barge-based liquefaction facility, delivered to Exmar earlier this year…

Brazil Delays Estimate for First Oil Cargo from Libra

October 25, 2017

Brazil on Wednesday pushed back its forecast for a first oil shipment from its promising offshore Libra prospect to the first quarter of next year, months after its previously projected October 2017 estimate made in May. Hercules Tadeu F. da Silva…

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GTT Wins Prelude FLNG Work

October 24, 2017

France's GTT has won a contract to provide membrane cargo containment system services to Shell's Prelude floating liquefied natural gas (FLNG) facility in the Browse basin off western Australia. The contract will provide support for the engineering…

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WER 2018 Floating Production Systems Forecast

October 23, 2017

World Energy Reports’ (WER) 2018 Forecast Report , the 21st in a series of forecasts dating from 1998, presents projection of floating production system orders over the next five years. The 102-page report provides market intelligence and insights…

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FPSO Moored at Catcher Field

October 23, 2017

Premier Oil’s Catcher project remains on pace to achieve first oil before the end of this year with the arrival and hook up of the Floating Production Storage and Offloading (FPSO) vessel BW Catcher last week in the U.K. North Sea. BW Catcher arrived at the Catcher field on October 18…

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BP Chairman to Retire

October 21, 2017

BP has announced that Carl-Henric Svanberg has informed the company’s board of directors of his intention to retire as chairman. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post.

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FPSOs: New Storage Tank Explosion Frequencies

October 19, 2017

The fatal explosion in the pump room on the Brazilian FPSO Cidade de São Mateus in February 2015, demonstrated the potential for major accidents on this type of unit. Although there has never been an explosion in the oil storage tanks of an FPSO…

About 13% US Gulf Oil Output Offline Due to Hurricane Nate

October 13, 2017

About 13 percent of U.S. Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement (BSEE) said on Friday. That equals about 220,000 barrels per day in production that is offline…

FLNG Hilli Episeyo Departs Singapore Early

October 12, 2017

Golar LNG Limited said today that its floating liquefied natural gas (FLNG) vessel Hilli Episeyo departed Singapore for Cameroon earlier than anticipated, leaving at 10 a.m. local time on October 12. Hilli Episeyo was scheduled to leave Singapore between October 15 and October 20…

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Exmar FSRU Locks in For Longevity with EcoLock Protection

October 9, 2017

Subsea Industries has applied its hard-type Ecolock protective coating to the hull of a 26,320m³ floating storage and regasification (FSRU) unit nearing completion at the Wison Offshore & Marine shipyard in Nantong, China. It is the second major…

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Randgrid FSO Begins Gina Krog Field Contract

October 9, 2017

Teekay Offshore Partners announced the Randgrid FSO, which was converted from one of the Partnership’s shuttle tankers at Sembcorp’s Sembawang shipyard in Singapore, has commenced its charter contract with Statoil ASA (Statoil) on the Gina Krog…

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Offshore Rig Firms See End to Historic Downturn

October 4, 2017

Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit, executives said.

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Drydocks World Takes on FPSO Aoka Mizu Projects

October 4, 2017

Drydocks World, a marine, onshore and offshore service provider to the oil, gas and renewable energy sectors, has signed an agreement for two new projects with Bluewater Energy Services B.V. and end client Hurricane Energy plc. Building on Drydocks…

Petrobras Kicks off Non-binding Stage of Oil Fields Sale

October 4, 2017

Brazilian state-controlled oil company Petróleo Brasileiro SA has sent additional information on several shallow water oil fields to interested parties as it kickstarts the non-binding stage of the asset-sale process, according to a securities filing on Wednesday.

Keppel Wins SBM FPSO Conversion Deal

October 4, 2017

As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO…

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