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Woodside Pushes Back Browse FID Again

February 14, 2020

Australian oil and gas giant Woodside has delayed the long-expected Final Investment Decision for the huge Browse gas development off W. Australia again. The offshore area comprising the Brecknock, Calliance, and Torosa fields - the Browse resource - sits in the offshore Browse Basin…

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Magnora to Invest Oil Cash In Renewables

February 14, 2020

Oslo-listed company Magnora plans to use the cash generated from oil and gas production at the Western Isles and Penguin offshore projects for renewable energy investments. Magnora, formerly known as Sevan Marine, was formed in 2018 following…

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Woodside Wins Senegal Case

February 14, 2020

Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016 , claiming pre-emption rights. The field is now known as Sangomar.

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Greater Tortue Ahmeyim Partners Sign LNG Sales Deal with BP

February 12, 2020

Kosmos Energy has said that it has, with its partners in the offshore Senegal/Mauritania Greater Tortue Ahmeyim project, signed a deal to sell 2.45 million tonnes per annum of LNG to BP's subsidiary BP Gas Marketing. The sales and purchase agreement is valid for an initial term of up to 20 years.

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Leviathan Group Seeking FLNG Partner

February 12, 2020

The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…

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Total CEO Dismisses Tullow Takeover Idea

February 11, 2020

Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil, whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation. Total is a partner…

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Aker BP to Test Robots and Drones at Skarv

February 11, 2020

Aker BP said it plans to trial robots and drones for autonomous inspection, data capture and automatic report generation on its operated Skarv installation in the Norwegian Sea during 2020. The Norwegian focused exploration and production firm…

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Aker BP Ditches Gina Krog for Shrek

February 11, 2020

Norway's Aker BP and Polish PGNiG have entered into an agreement to swap some of their respective offshore license interests in Norway. The deal will see Aker exit the Gina Krog field in the North Sea, but get hold of the recent Shrek discovery located near its Skarv FPSO in the Norwegian Sea.

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Petrobras Breaks Oil Output Record, Boosted by Pre-Salt

February 11, 2020

Brazil's Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said on Monday.

Liza Destiny FPSO started producing oil offshore Guyana in December 2020. Image source Hess Corporation.jpg

Guyana to Agree to Oil Prices with Exxon Before Govt's First Export

February 11, 2020

Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday.

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Floating Production Rebound Continues

February 10, 2020

Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production floater orders and large industry cutbacks in upstream spending.

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Aker Energy Taps Fugro for Pecan Field Survey in Ghana

February 10, 2020

Aker Energy, a Norwegian oil company working to develop its Pecan field, offshore Ghana, has hired the Dutch offshore survey specialist Fugro to examine the seabed at the location ahead of the further Pecan infrastructure planning. The Pecan…

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Premier Oil Files FPSO Removal Plan for North Sea Field

February 7, 2020

The UK oil and gas operator Premier Oil has field decommissioning plans for the departure of the Voyageur Spirit FPSO and the removal of the riser system from the Huntington offshore oil field in the North Sea. The Huntington Field is located in block 22/14b of the Central North Sea…

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Hurricane Energy Won't Tie Lincoln Well to Aoka Mizu FPSO in 2020

February 6, 2020

UK North Sea focused Hurrican Energy saw its share price drop on Thursday morning after the company's scrapped plans to tie-back the Lincoln Crestal offshore well to the Aoka Mizu FPSO this summer. The company h ad drilled the Lincoln Crestal…

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Petrobras Charters AET Shuttle Tanker Trio for $525.6M

February 6, 2020

Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs. AET said Thursday the long-term charters would…

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Energean Braces for Coronavirus Impact on FPSO Delivery

February 6, 2020

The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country. Just last week, Energean said that the delivery of the hull…

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ICE Wins AIP for FPSO Hull Design

February 6, 2020

European naval architecture and marine engineering consultant International Contract Engineering (ICE) group was awarded an Approval in Principle (AIP) by the American Bureau of Shipping (ABS) for its latest generic floating production storage and offloading (FPSO) hull design…

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Tullow to Axe a Third of Its Workforce

February 5, 2020

Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana.

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Aibel Clinches Bacalhau FPSO Award

February 5, 2020

Japanese FPSO specialist MODEC has awarded Aibel a Letter of Intent for an engineering services front end engineering and design (FEED) in relation to the recently awarded Bacalhau FPSO contract by Equinor. Bacalhau FPSO will be the largest…

Liza Destiny FPSO started producing oil offshore Guyana in December 2020. Image source Hess Corporation.jpg

Exxon: 2nd Lift of Guyanese Crude Underway

February 4, 2020

Exxon Mobil's second lift of Guyanese crude from the offshore Liza Destiny platform is underway and has been sold on the open market, the company said on Monday. The U.S. oil major, in a consortium with Hess Corp and China's CNOOC Ltd, has discovered…

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First Oil Flows from BP's Alligin Field West of Shetland

February 4, 2020

First oil has started flowing from the BP-operated Alligin field in the  West of Shetland region, offshore UK. Alligin is a part of the Greater Schiehallion Area and has been developed as a two-well subsea tie-back into the existing Schiehallion…

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