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BW Offshore, New Zealand Gov't Reach Umuroa FPSO Settlement

November 20, 2020

FPSO operator BW Offshore has reached a settlement with the New Zealand government over the FPSO Umuroa, which has been stuck at the Tui field, around 50 kilometers off the coast of Taranaki, for months. BW Offshore has been unable to remove…

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Golar LNG, Black & Veatch in Green, Blue Floater Tech Push

November 19, 2020

Liquefied natural gas shipping firm Golar LNG and the engineering giant Black & Veatch on Thursday said they would expand their long-standing FLNG relationship, and start working on projects involving floating ammonia production, carbon capture, green LNG, and hydrogen.

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Brazil: BP Sells Stake in Two Campos Basin Offshore Blocks to PetroRio

November 19, 2020

British oil major BP has agreed to sell its stake in two pre-salt offshore blocks in Brazil's Campos Basin to the Brazilian oil company PetroRio. Petro Rio said Thursday that it would acquire 35.7% interest in the BM-C-30 Block containing the Wahoo discovery…

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
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Bumi Armada Declares 'Force Majeure' on ONGC FPSO Deal as Virus Hits Construction Schedule

November 19, 2020

Malaysian FPSO contractor Bumi Armada has declared a 'force majeure' event related to the FPSO contract it has with India's ONGC, citing the effects of the coronavirus pandemic on the FPSO construction schedule. ONGC, in a joint venture with Shapoorji Pallonji…

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Höegh LNG to Supply FSRU in India in Q1 2021

November 19, 2020

Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021. Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…

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Vaalco Buys Sasol's Interests in Offshore Assets in Gabon

November 18, 2020

Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8%  interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…

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OTC 2021 Postponed

November 16, 2020

One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year due to the ongoing COVID-19 pandemic. The Offshore Technology Conference, which attracts tens of thousands of visitors to Houston annually…

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Wilhelmsen Gets DNV GL Type Approval for the Digi Boiler

November 16, 2020

Alongside the unique Type Approval for the Digi Boiler automated dosing system, Wilhelmsen have also been certified as reportedly the first and only approved service supplier for DNV GL’s BMON+ class notation. “Our system is tried, tested and proven at sea…

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Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

November 16, 2020

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production.

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Modec Takes Delivery of Carioca MV30 FPSO

November 13, 2020

Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in…

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Aker BP Starts Production from Ærfugl Phase 1

November 13, 2020

Norwegian oil and gas firm Aker BP has started up production from the Ærfugl field phase 1 in the Norwegian Sea. Ærfugl, a gas reservoir, holds a total of around 300 million barrels of producible oil equivalents. It is a subsea project being developed in two phases.

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Equinor, Partners Eye Shore-Powered Cylindrical FPSO for Wisting Field in Barents Sea

November 12, 2020

Norwegian oil firm Equinor has awarded contracts for concept studies for the development of the Wisting discovery in the Barents Sea, off Norway. The studies are expected to further progress the project development towards a final concept select decision.

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'Bittersweet Exit' - FAR to Sell Stake in Senegal Offshore Block to India's ONGC

November 12, 2020

Australian oil and gas company FAR has agreed to sell its stake in Woodside-operated offshore blocks in Senegal, containing the Sangomar development, to India's ONGC Videsh. FAR has been working to sell its Senegal assets for months, as the…

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SBM Offshore Raises Profit Guidance, Starts Work on Floating Wind Project

November 12, 2020

Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France. The Dutch company…

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LNG to FSU Conversion Completed at Sembcorp

November 10, 2020

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at Sembcorp Marine’s Admiralty Yard in Singapore. Synergy will manage…

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McDermott Ships Second Batch of Topside Modules for Modec FPSO

November 5, 2020

Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec. The new shipment comes just weeks after the first…

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VIDEO: Final Topside Module Installed on Eni's Coral Sul FLNG

November 5, 2020

The last of 13 topside modules has been lifted and installed aboard Eni's Mozambique-bound Coral-Sul FLNG facility, being built by Samsung Heavy Industries in South Korea. The lifting of the module marks the end of the onshore-modules fabrication…

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Tamarind Buys Rubicon Intrepid FPSO

November 4, 2020

Tamarind Resources said Tuesday it had acquired the Rubicon Intrepid FPSO from the owner Rubicon. The Rubicon Intrepid, converted into an FPSO from a shuttle tanker in 2007/2008, has been operating at the Galoc field offshore the Philippines at SC14C, Northwest Palawan since October 2008.

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Palfinger's Cranes for Giant Brazil-bound FPSO

November 4, 2020

Crane specialist Palfinger will deliver  two wire luffing lattice boom cranes to the largest FPSO vessel ever delivered to Brazil. The FPSO, to be delivered by Japan's Modec, will be deployed at  Equinor's Bacalhau field (formerly Carcará),…

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Nigeria: First E&P Kicks Off Production from Anyala West Field

November 3, 2020

Nigerian oil and gas company First E&P has this week announced it has started oil production from the Anyala West field offshore Nigeria. The field is located in Oil Mining Leases (OMLs) 83 & 85, in the shallow waters offshore Bayelsa State…

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Dana Petroleum Brings Online New Well at Bittern Offshore Field

November 3, 2020

Oil and gas company Dana Petroleum has brought online a new well on the Bittern oil and gas field in the UK North Sea. "Production from the new B5 well, which is a sidetrack of an existing Bittern well, is running at over 5,000 barrels of oil per day," Dana Petroleum said.

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