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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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Marine and Offshore Specialist Joins LOC's Longitude Engineering

November 3, 2020

Longitude, the engineering and design branch of LOC Group, has appointed James Sugden as head of the Marine Systems Engineering team. Longitude said the appointment expands the company’s expertise in the design and engineering of marine systems on ships…

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Total Keeps Dividend But Cuts Investment Target

October 30, 2020

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend. The company cut its investment target to $13 billion from $14 billion and said it was keeping a lid on operating costs too…

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ConocoPhillips Posts Smaller-than-expected Loss

October 29, 2020

Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smaller-than-expected quarterly loss on Thursday as it benefited from a recovery in crude oil prices from pandemic-driven lows. Oil prices began recovering…

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Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

October 29, 2020

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have…

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IRClass Classes India's First LNG-FSRU

October 29, 2020

Ship classification society Indian Register of Shipping (IRClass) has classed India’s first LNG-FSRU. Built at Hyundai Shipyard in Ulsan, South Korea, the 180,000 cu.m, the Indian-flagged, is designed for continuous operations without the need for drydocking over a period of 20 years.

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CEO Says Shell's Oil Production Peaked in 2019

October 29, 2020

Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy. The Anglo-Dutch company hit record earnings from its vast retail division…

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