Stories

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TechnipFMC Wins Subsea Contract off Brazil

April 9, 2019

TechnipFMC said on Tuesday it has secured a contract to supply flexible pipes for oil production, gas lift and gas injection as well as associated accessories for the Lapa field, located in the pre-salt Santos Basin, under the BM-S-9A concession, at 2,150 meters of water depth offshore Brazil.

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Eni Slander Probe Could Prompt Management Changes

April 5, 2019

Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major. Eni and its Anglo…

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FPSO Allan to Get Anchoring Upgrade

April 4, 2019

The Yinson floating production, storage and offloading unit (FPSO) Allan will receive an anchoring system upgrade prior to deployment at the Anyala and Madu fields within leases 83 and 85 offshore Nigeria later this year. Norwegian FPSO systems…

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Malaysia's 2nd FLNG May be Ready by Q1 2020

April 2, 2019

State-owned Petroliam Nasional Bhd, or Petronas, expects to have its second floating liquefied natural gas (LNG) facility in Malaysia ready by the first quarter of next year, its chief executive, Wan Zulkiflee, told the LNG2019 conference in Shanghai on Tuesday.

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SBM Offshore to Challenge $2.2 Mln Fine

March 29, 2019

SBM Offshore, a Dutch provider of floating production, storage and offloading units (FPSO), said on Friday it opposes financial regulators's claims that it withheld certain price-sensitive information between 2012 and 2014 related to an internal…

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Orinduik Partners to Drill 2nd Well Off Guyana

March 29, 2019

Partners Tullow Oil, Total and Eco Atlantic have chosen the Joe prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday. Eco earlier this month increased the estimate for the field to about 3.9 billion barrels of oil equivalent…

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Trump Calls for OPEC to Boost Production

March 28, 2019

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. "Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high.

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Brazil, Petrobras Paving Way for Giant Tender

March 26, 2019

Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday.

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InterMoor Wins Jadestone Contract

March 25, 2019

Mooring solutions provider InterMoor said it has been contracted by Jadestone Energy to carry out a feasibility study for a permanent spread mooring system for a floating production storage and offloading unit (FPSO) at Nam Du field located in block 46/07, offshore Vietnam.

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First Condensate Cargo Shipped from Prelude

March 25, 2019

Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend. "We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility.

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Gardline Surveying for i3

March 22, 2019

Independent oil and gas company i3 Energy said Boslkalis' marine survey subsidiary Gardline is performing a site survey for its 2019 and 2020 drilling program at the Liberator development and Serenity prospect, as well as the pipeline route for its Liberator Phase I development offshore the UK.

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Brazil Likely to Pay Petrobras $10 Bln

March 19, 2019

The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called 'transfer-of-rights' dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on final terms.

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Oil Prices Reach 2019 Highs

March 19, 2019

Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions. Brent crude oil futures were up 16 cents at $67.70 a barrel at 1415 GMT, having earlier risen to a 2019 peak of $68.20, their highest since November 2018.

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Petrobras P-77 FPSO Starts Production

March 19, 2019

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had started production at its P-77 platform, its fourth platform to enter operations in the Buzios field within the pre-salt region of Bacia de Santos. Petrobras, as the company is known…

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Pemex Plans to Triple Drilling this Year

March 19, 2019

Mexico's national oil company Pemex plans to triple the number of wells it will drill this year, the company's chief executive said on Monday, in a bid to grow crude output and reverse more than a decade of declining production. The government…

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Petrobras Names Former Vale Exec as CFO

March 19, 2019

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, named Andrea Marques de Almeida, an engineer and former executive at mining company Vale SA, as its new chief financial officer, according to a securities filing. Andrea Almeida will replace Rafael Salvador Grisolia…

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Aoka Mizu FPSO Hooks Up to Lancaster Field

March 19, 2019

Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.

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Petrobras Prices $3 Bln in Bonds

March 13, 2019

Brazilian oil company Petroleo Brasileiro SA has priced global notes worth $3 billion due in 2029 and in 2049 as it seeks to repurchase shorter-term debt obligations, according to a securities filing late Tuesday. Petrobras, as the state-run company is known…

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Petronas FLNG Relocates to Sabah

March 13, 2019

Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the eastern state of Sabah, nearly two years after it began operations. The Petronas FLNG (PFLNG) Satu is now moored in the Kebabangan cluster field…

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Eni Makes Major Oil Find Offshore Angola

March 13, 2019

Italian oil major Eni said on Wednesday it has made a major discovery in Block 15/06, in the Agogo exploration prospect, in the deep waters offshore Angola. The find is Angola's largest offshore discovery in years. Eni said the discovery is estimated…

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Petrobras Plans to Slash Opex by $8.1 Bln

March 11, 2019

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday. Petrobras said…

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