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BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

October 23, 2020

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…

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Brazil: Karoon Gets ANP Approval to Take Over Bauna Field

October 23, 2020

Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40…

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Modec Hires GranEnergia's Accommodation Unit for Ops in Brazil

October 22, 2020

Modec do Brazil, a Brazilian subsidiary of the Japanese FPSO provider Modec, has hired GranEnergia's offshore accommodation unit Venus. GranEnergia said via social media that MODEC, which operates multiple FPSOs in Brazil, would use the semi…

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
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ABS Grants Approval in Principle for DSME Floater

October 21, 2020

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) for the design of what it described as "a wide breadth, single row, near-shore LNG Floating Production Storage Offloading…

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Prelude FLNG Won't Restart in 2020

October 16, 2020

Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…

KOTUG Anchor Handler Secures Offshore Work in Guyana

October 14, 2020

Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana.

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DNV GL Inspects Aker BP's Offshore Cranes Remotely

October 13, 2020

Maritime classification and services company DNV GL led a pilot project with the Norwegian oil firm Aker BP to remotely inspect three offshore cranes on the Norwegian Continental Shelf. DNV GL performed remote safety inspections of one box boom…

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PJV Valves for Two Brazil FPSOs

October 13, 2020

PJ Valves (PJV) has won contracts to supply valves packages for two Brazil-bound FPSOs, the Marlim 2 and Mero 2. The Marlim 2 FPSO will be delivered to Petrobras by Malaysia's Yinson, under the contract signed in March . The FPSO will have the capacity to process up to 70…

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FEED Completed for Delfin FLNG Vessel

October 12, 2020

Delfin Midstream (“Delfin”) has informed that the FEED has been completed for the Newbuild FLNG Vessel for the Delfin LNG project offshore Louisiana, in cooperation with Samsung Heavy Industries and Black & Veatch. Delfin LNG project has been…

FPSOs: Hybrid Digital Twins Could Boost Safety and Cut Inspection Costs

October 12, 2020

FPSO specialist Bluewater and classification company DNV GL have teamed up in a pilot project aimed at testing how hybrid digital twin technology can predict and analyze fatigue in the hull of an FPSO in the North Sea, increase safety, and reduce operational costs and time by optimizing inspections.

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Yinson's First FPSO for Brazil Arrives at Second Shipyard

October 8, 2020

Malaysia's Yinson said its floating production, storage and offloading unit (FPSO)  Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction.

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First Topside Modules Ship for Miamte MV34 FPSO

October 7, 2020

The first batch of topside modules has been shipped for a floating production storage and offloading (FPSO) unit for Japan's MODEC, U.S.-based engineering and construction firm McDermott International said on Wednesday. The FPSO, named Miamte MV34…

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Karoon Aiming to Complete Bauna Field Buy This Month

October 6, 2020

Australian oil and gas company Karoon Energy expects to complete the acquisition of the Bauna offshore field from Petrobras by the end of the month. The company, which in July 2019 agreed to buy a 100% stake in the Baúna offshore oil field, in the southern Santos Basin…

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Skarpenord to Upgrade Jotun FPSO's Valve Control Systems

October 5, 2020

Scana's affiliate company Skarpenord has signed a letter of intent to upgrade valve control systems on Var Energi's Jotun floating storage and production unit in Norway. Skarpenord signed a letter of intent for the valve control systems upgrade with Rosenberg Worley…

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Shawcor's Coatings for Payara

October 2, 2020

Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana. ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week.

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Aker BP Ready to Fire Up Ærfugl Offshore Field Phase 1

October 2, 2020

Norwegian oil company Aker BP is ready to start production from the first phase of its Ærfugl gas and condensate field in the Norwegian Sea, the Norwegian Petroleum Directorate said Friday. Ærfugl will be developed in two phases, both with three wells…

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BP, Golar Agree 11-month Delay for Gimi FLNG

October 1, 2020

Golar LNG has informed that force majeure events have been lifted on the GIMI FLNG the company is building for Greater Tortue Ahmeyim project in Senegal/Mauritania offshore area, and that the project would be delayed for 11 months compared to the original schedule.

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Nexans' Umbilicals for Senegal's First Offshore Oil Project

October 1, 2020

Offshore cable solutions provider Nexans will deliver subsea umbilicals for Senegal's first offshore oil field, the Sangomar. Subsea 7 awarded Nexans a contract to design and manufacture 46km of umbilicals for the Woodside-operated field. Subsea…

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SBM Offshore Confirms Payara FPSO Award

October 1, 2020

With ExxonMobil sanctioning its  third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project. Under the contract, SBM Offshore will construct, install…

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Guyana: ExxonMobil Sanctions $9B Payara Offshore Development

October 1, 2020

U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government. To remind, Reuters last Friday reported that Guyana was close to reaching…

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Drydocks Starts Work on Jotun FPSO TMS

September 30, 2020

Dubai's Drydocks World has begun work on a part of a turret mooring system for Jotun FPSO, for Bluewater Energy, with the end client being Var Energi in Norway. Namely, Drydocks said Wednesday it had held a steel-cutting ceremony to mark the start of production of the turntable project for the FPSO.

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