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BW Offshore Sells FPSO Joko Tole
FPSO leasing company BW Offshore has completed the sale of the FPSO BW Joko Tole. The FPSO was sold to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia.
Korean Shipbuilder Can't Accept New FSRU Orders as Capacity Full
Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said. With U.S.
Europe's Dash for Gas & FSRUs Puts Australia's LNG Import Plans at Risk
Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years.
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
- Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
- Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
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Italy's Snam Buys Golar Tundra FSRU for $350M
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million. The Golar Tundra can operate both as an LNG carrier and as an FSRU. The vessel, built in 2015, has a storage capacity of around 170…
Poland Could Build Second FSRU Amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit (FSRU) next to an already planned installation because the Czech Republic and Slovakia are interested in buying more liquefied natural gas (LNG), the Polish climate minister said.
Shell Gives BW Offshore Limited Notice to Proceed for Gato do Mato FPSO
FPSO supplier BW Offshore said Thursday that Shell had awarded it limited notice to proceed (LNTP) by Shell and its partners for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato (Wild Cat) oil and gas field offshore Brazil.
BW Offshore: One-year Charter Extension for FPSO in Ivory Coast
FPSO leasing firm BW Offshore has secured a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until the end of Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D'Ivoire) SARL.
VIDEO: Hook-Up of Liza Unity FPSO Offshore Guyana
Liza Unity is the second floating production, storage, and offloading unit of several expected to be deployed at ExxonMobil's Stabroek block off Guyana in the years to come. The FPSO, delivered by the Dutch FPSO specialist SBM Offshore, started producing oil in February.
Senegal: GAS Entec Builds 'World's First' Modular LNG Floating Storage Regasification Unit for KARMOL
GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRU for KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal. The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P)…
Germany to Help Eastern EU States Without Ports Access LNG - Scholz
Germany will show solidarity with European Union countries seeking alternatives to Russian gas and oil, for example helping eastern states without ports in the North or Baltic Seas access liquefied natural gas (LNG), Chancellor Olaf Scholz said on Thursday.
Höegh LNG Names New President & CEO
Oslo-listed LNG FSRU specialist Höegh LNG has appointed Erik Nyheim as the new President & CEO, effective from mid-August this year. Nyheim comes from the position as Partner of Boston Consulting Group's Norwegian office where he has successfully led their maritime practice since 2019.
10-year Contracts: Germany to Charter Two FSRUs from Höegh LNG
Oslo-listed Höegh LNG has signed binding agreements with the German government for the charter of two Floating Storage and Regasification Units (FSRUs) from its fleet for operations in Germany for 10 years, as Germany works to become less reliant on Russian gas.
Kick-off Ceremony Held for Realization of Alexandroupolis FSRU in Greece
The kick-off ceremony for the realization o f Gastrade SA's LNG FSRU facility in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, i n the old Storage House of the Alexandroupolis Port Customs. Once delivered, the FSRU, with a capacity of 153,500 c.m.
Belgium's Exmar Loss Deepens as it Seeks LNG Ship Charterer
Belgian shipowner Exmar reported a wider loss in the first quarter of 2022 as it continued to seek a user to charter one of its giant liquefied natural gas (LNG) ships. Exmar, which offers maritime and offshore services, reported a consolidated…
World Energy Reports: Gas Supply Fears Drive Interest in FSRUs in Europe
Fears of gas supply interruptions due to Russian gas export constraints are driving interest and demand for floating regasification terminals, with contracting activity for oil and gas floaters also being quite active, World Energy Reports said in April 2022 Floating Production Systems Report.
BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs
Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard. BW Offshore said in February…
Floating LNG Terminal to Enter Operation at Early 2023 in Germany -Welt
A floating liquefied natural (LNG) gas terminal will enter operation at the start of 2023 in the German state of Schleswig-Holstein, newspaper Die Welt reported on Tuesday, citing state premier Daniel Guenther. "We are working at full speed on this ...
Engineering Firm Wood Lands Work on Woodside's Sangomar FPSO Project
Australian oil and gas company has hired engineering firm Wood for work on the Sangomar FPSO development, located 100km south of Dakar, Senegal. The Sangomar FPSO is designed for the processing of hydrocarbons and the storage of oil from Senegal's first offshore oil development.
Short-term Extension for Espoir Ivorien FPSO in Ivory Coast
Oslo-listed FPSO leasing company BW Offshore has entered into a short-term contract extension for the Espoir Ivoirien FPSO, moored offshore Ivory Coast. The vessel's firm contract with CNR is scheduled to expire in 2022, but there are extension…
Workers Evacuated after Fire Breaks Out on North Sea FPSO
A fire broke out in a store room at the Petrojarl Foinaven, located at BP's Foinaven field, west of Shetland, on Saturday, prompting an evacuation of non-essential staff, BP has confirmed to Offshore Engineer. "BP is working with [Petrojarl…
VIDEO: SBM Offshore's Prosperity FPSO Leaves Dry Dock in Singapore
The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has recently left the dry dock in Singapore, in preparation for topside installation works. The hull arrived in Singapore last year from China where it was built.