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Argentina to Export First LNG in 2019

November 21, 2018

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday.

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Johan Castberg Topside Construction Begins

November 21, 2018

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit (FPSO) at Kværner's yard at Stord on Wednesday as part of a large scale  project triggering ripple effects throughout Norway.

Atlantic Canada Oil Spill Caused by Weak Flowline Connection

November 20, 2018

A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc said on Tuesday. The spill is the largest-ever off the coast of the Canadian province…

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Petrobras Units Could be Sold Under New CEO

November 19, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state. Speaking to reporters after his team named Chicago…

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Bangladesh Resolves FSRU Issues

November 19, 2018

Bangladesh will resume liquefied natural gas (LNG) imports this week after resolving issues with its sole floating storage and regasification (FSRU) unit, a senior official said on Monday. Two cargoes, meant to be delivered on Nov. 7 and Nov.

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Castello Branco Named Petrobras CEO

November 19, 2018

Brazil's incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets.

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Largest Chinese-built FSRU Delivered

November 16, 2018

PaxOcean’s Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifying around 50 million standard cubic feet per day.

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FPSO Market to Turn Around: Rystad Energy

November 15, 2018

The global floating production storage and offloading (FPSO) has stirred back to life after enduring a couple years in virtual hibernation during the downturn, said Rystad Energy research. With six new FPSO orders worldwide 2017 brought some…

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SBM Offshore: $45 Mln in Extra Impairments in Q3

November 15, 2018

SBM Offshore, the Netherlands-based maker of floating oil and gas production facilities, on Thursday said it expected $45 million in impairments in Brazil and the United States. In Brazil, SBM Offshore has decided to temporarily close the Brasa…

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Angola Battles to Revive Oil Exploration

November 15, 2018

On Saturday, nearly two decades after securing the initial rights, Total's CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It's not clear when he, or his peers, will be cracking open the bubbly in Angola again.

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Aoka Mizu FPSO Needs Extra Repairs

November 13, 2018

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy. The FPSO, which will be used at Hurricane's Early Production…

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KrisEnergy Begins Latest Thai Drilling Program

November 12, 2018

Southeast Asia focused upstream oil and gas company KrisEnergy announced on Monday that the Mist jack-up rig has begun drilling the Montha-1 exploration well in the G10/48 contract area in the Gulf of Thailand. The well, located approximately…

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Total Launches $16 Bln Project Offshore Angola

November 12, 2018

Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers from the capital Luanda. The Angolan State Minister for Economic and Social Development…

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Petrobras Starts Production at P-75 Platform

November 12, 2018

The P-75 floating production, storage, and offloading unit (FPSO) has begun producing oil and natural gas in the Búzios 2 area of the pre-salt Santos Basin, Brazil's state-run Petroleo Brasileiro SA (Petrobras) said. With a daily capacity to process up to 150…

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China Becomes Top Natural Gas Importer

November 12, 2018

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.

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Golar FSRU Wins LNG Croatia Project

November 12, 2018

State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners,  to deliver a floating storage and regasification unit (FSRU) for the nation's first liquefied natural gas import facility.

Petrobras CEO Not Expected to Stay On

November 7, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Wednesday that the chief executive of state-controlled oil company Petroleo Brasileiro SA, Ivan Monteiro, is not expected to stay on during the new administration. Speaking to reporters…

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Petrobras Increasing Research Investments

November 7, 2018

As Brazilian national operator Petrobras and major international oil companies (IOC) target decreasing exploration and production (E&P) costs, especially at deepwater pre-salt plays in Brazil, increased investment will be funneled to research, development and innovation (RD&I).

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MVOT Wins Vietnam Offshore Gas Project

November 6, 2018

Malaysia Vietnam Offshore Terminal (MVOT) confirmed that it has been awarded a $176 million contract to provide equipment for Japanese petroleum company Idemitsu Kosan to develop a gas block off southern Vietnam. The Malaysian terminal operator…

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Petrobras Earnings Miss Forecasts

November 6, 2018

Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped. Petrobras made a net profit of 6.644 billion reais ($1.78 billion)…

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FLNG Hilli Episeyo Operates in Full Capacity

November 6, 2018

Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability. Currently in the process of exporting its 10th LNG cargo, the vessel's proof of concept continues to add momentum to both existing and new opportunities under discussion.

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