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VIDEO: Guyana's Second FPSO Sets Sail from Singapore
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana. Keppel Shipyard, responsible for the construction and integration of the topside modules with the China…
FPSO Firm BW Offshore Bids to Build Offshore Wind Farms in UK
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore…
Enauta's Atlanta Field Suffers Another Pumping System Setback
Brazilian oil firm Enauta is again experiencing problems with the pump system at its Atlanta field offshore Brazil, with output from one well now interrupted. Enauta said that the output interruption occurred on Sunday, September 5. "At this moment…
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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Petrobras Exits Lapa Offshore Oil Field
Brazilian oil company Petrobras has sold its remaining stake in the Lapa offshore oil field in Brazil's Santos Basin to the French oil firm TotalEnergies. The Brazilian national oil company said Wednesday said that the deal was concluded with the payment of $49.4 million to Petrobras.
BW Offshore Secures $1.15 B Loan for Barossa FPSO Construction
FPSO supplier BW Offshore has secured a $1.15 billion loan for the construction and operation of the FPSO for Australia-based Santos' Barossa offshore gas field. Earlier this year Santos and BW Offshore signed a contract for the delivery of an FPSO for the Barossa gas field…
Excelerate, Petrobras Reach Deal on Bahia Terminal FSRU
Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal. Excelerate will deploy one of its…
Near-term Outlook for Deepwater Floating Production Systems is Excellent
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report. Asked what is driving the positive sentiment…
Brazil's Enauta in Exclusive Talks with Yinson for "New" Atlanta Field FPSO
Brazilian oil company Enauta said Thursday it has signed a Memorandum of Understanding (MoU) with Malaysia's FPSO specialist Yinson for direct and exclusive negotiation of FPSO supply contracts for the "Definitive System" of the Atlanta field in the Santos Basin, offshore Brazil.
Gabon: VAALCO to Replace Etame Field FPSO with FSO to Lower Cost
Africa-focused oil firm VAALCO Energy has signed a binding letter of intent with World Carrier Offshore Services Corp. for the provision and operation of a Floating Storage and Offloading (“FSO”) unit at VAALCO’s Etame Marin field offshore Gabon.
Enauta: Atlanta Field Resumes Full Production as Repairs Complete. New Well Planned for 2022
Brazilian oil firm Enauta said Wednesday that its Atlanta field in the Santos Basin, offshore Brazil, had resumed full production following a recent pumping system failure. Enauta said Wednesday that all the wells tied to the early production…
Brazil: Petrobras Starts Production from FPSO Carioca in Sepia Field
Brazilian oil firm Petrobras said Monday it had started producing oil and gas from the FPSO Carioca, the first FPSO in the Sépia field, located in the Santos Basin pre-salt, offshore Brazil. The Carioca FPSO is located around 200 km off the coast of the state of Rio de Janeiro…
ABS to Class FPSO Pair Being Built for Petrobras Buzios Field
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class. The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin.
Guyana, Suriname Eye Further Frilling from Oil Majors After Discoveries
Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday.
Cenertech's New FPSO to be Built to ABS Class
ABS said Wednesday that the new FPSO ordered by China National Offshore Oil Company Energy and Technology Services Company (Cenertech) to serve the Lu Feng 12-3 Oilfield would be built to ABS Class. The 100,000 DWT FPSO is the center of a development…
Guyana Vows to Develop Its Oil in an Environmentally Safe Manner
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration. The tiny South American…
Chevron Sees Brazil's Pre-salt Oil as Prize Asset
Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The "pre-salt chapter" might be the most important development in Chevron's more than century-long presence in Brazil…
OPEC+ Sees No Need to Meet US Call for More Supply
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters. The price of international…
VIDEO: Prosperity FPSO Hull Arrives in Singapore
The hull of the FPSO Prosperity, which will be Guyana's third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules. SBM Offshore, which will deliver the FPSO to end client ExxonMobil…
Guyana Earns Nearly $80 Mln from 7th Crude Cargo
Guyana earned nearly $80 million from the seventh crude cargo allocated to the government from the offshore Liza project, the highest figure since exports began in early 2020, the Ministry of Natural Resources said on Monday. The cargo of 1…
Oil Headed for Big Weekly Loss on Demand Worries
Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail global economic gains. Daily new COVID-19 cases in the United States have climbed…
15 Bids in To Market Guyana Governent Crude
Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday.