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Brazil: Enauta Takes Ownership of Atlanta Offshore Field, as Barra Exits

December 22, 2020

Brazilian oil company Enauta has agreed to take full ownership of the working interest in Block BS-4, offshore Brazil, where the producing Atlanta field is located. The company, previously known as Quireoz Galvao, opted to take over an additional…

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Nakilat Takes Over Management of FSRU Exquisite

December 21, 2020

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate. The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018.

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Aker BP to Develop Gray Seal Discovery via Skarv FPSO

December 18, 2020

Norwegian oil and gas company Aker BP has decided to develop the Gråsel (Gray Seal) discovery in the Norwegian Sea. Aker BP, with its  Skarv field partners Equinor, Wintershall Dea and PGNiG approved the final investment decision for the Gråsel development on December 17.

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Husky, Cenovus Ahareholders Approve $4.78 Billion Merger Deal

December 15, 2020

Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry. Cenovus said…

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Modec Nets Sangomar FPSO Operations and Maintenance Deal

December 14, 2020

Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal. The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development  - Senegal's first offshore development.

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Video: The Floating Production Market Faces Headwinds, But Opportunities Exist

December 11, 2020

Jim McCaul, head of International Maritime Associates and World Energy Reports, gives an update on the offshore floating production sector.

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Total Taps Norco for UPS, Battery Support on Offshore Angola FPSOs

December 10, 2020

French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby…

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Woodside's CEO Coleman to Retire in 2021

December 8, 2020

Woodside Petroleum Ltd said on Tuesday it has started looking for a successor for its long-time chief executive Peter Coleman who plans to retire in the second half of 2021. The change in guard comes at a tricky time for Australia's top independent gas producer.

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VIDEO: Floating Offshore Wind: Opportunities & Challenges

December 7, 2020

The floating offshore wind industry, still considered nascent with around 100MW installed capacity - and minuscule compared to the installed capacity of its „older brother,“ - that is the conventional, fixed bottom offshore wind industry (29GW…

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Vietnam: FSO Golden Star Receives First Condensate

December 4, 2020

Malaysia Vietnam Offshore Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam. MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC).

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Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

November 26, 2020

Singapore's Keppel Offshore & Marine has won a contract from an unnamed repeat customer worth about S$100 million (USD 74,7 million) for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO). Scheduled for delivery in 4Q 2022…

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Tullow Oil Shifts Its Focus to West Africa

November 25, 2020

Britain's Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt. Tullow, which was set up in the 1980s produce oil and gas in Africa…

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Exxon Lowers Oil Price Outlook for Much of the Next Decade

November 25, 2020

U.S. oil major Exxon has lowered its expectations for oil prices for much of the next decade, the Wall Street Journal reported on Wednesday, citing internal company documents. As part of an internal financial-planning process conducted this fall…

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ARMS Reliability Wins Contract with MODEC

November 23, 2020

ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production…

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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…

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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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