Stories

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VIDEO: SBM Offshore's Prosperity FPSO Leaves Dry Dock in Singapore

March 31, 2022

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.

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Eni Shares Major Resource Upgrade for Ndungu Field Offshore Angola

March 28, 2022

Italian oil firm Eni on Monday announced "a major upgrade" of the resource base in the Ndungu field, located some 130 km off the coast of Angola, and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. Eni said it had drilled the…

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Ampelmann, MMA Offshore Team Up for FPSO Support in Ivory Coast

March 24, 2022

Dutch offshore gangway specialist Ampelmann said Thursday it had secured a contract to support maintenance work on a floating production storage and offloading unit (FPSO) in Ivory Coast. "An A-type motion compensated gangway has been fitted to MMA Offshore’s DP2 vessel…

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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Norway: Shell Given OK for Knarr FPSO Removal

March 24, 2022

Oil major Shell has received regulatory approval for the removal of the Petrojarl Knarr FPSO and seabed structures on the Knarr field, offshore Norway. Discovered in 2008, Knarr is a field in the northern part of the North Sea, 50 kilometers northeast of the Snorre field.

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Italy Plans Two FSRU Units to Cut Russia Gas Reliance

March 24, 2022

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday. "Today we officially…

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BW Offshore Sells FPSO Umuroa for Scrap

March 14, 2022

After it last month said it would recycle its FPSO BW Cidade de São Vicente, FPSO owner BW Offshore has now agreed to sell another FPSO for scrap,  this time the FPSO Umuroa. The company said Monday it had signed an agreement to recycle the…

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Energean Connects Karish Gas Field to Israel National Gas Line

March 3, 2022

Mediterranean Sea-focused oil and gas company Energean has this week announced the connection of its Karish offshore gas field to the Israel National Gas Line (“INGL”), "an important milestone in facilitating the operational readiness of the Karish field development." "Once onstream…

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Equinor, Altera Pen Deal to Deploy Petrojarl Knarr FPSO at Long-stalled Rosebank Project

February 25, 2022

Norway's Equinor has confirmed to Offshore Engineer that it has signed an agreement with FPSO owner Altera Infrastructure that could see the Petrojarl Knarr FPSO redeployed at the long-stalled Rosebank project in the UK North Sea. The FPSO is currently producing oil from Shell's Knarr field…

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PHOTO: Johan Castberg FPSO Sets Off for Norway

February 17, 2022

Singapore's Sembcorp Marine has delivered the Norwegian Barents Sea-bound Johan Castberg FPSO to Equinor. The FPSO has set off for Norway, loaded aboard Boskalis' Boka Vanguard semi-submersible heavy transportation vessel. Johan Castberg is Sembcorp Marine’s first EPC newbuild FPSO.

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Guyana May Choose to Develop Future Oil Prospects on Its Own

February 15, 2022

Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday. The tiny South American country…

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MacGregor to Deliver Offloading Systems for China's First Cylindrical FPSO

February 15, 2022

MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…

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Liza Unity: Exxon's Second FPSO in Guyana Produces First Oil

February 14, 2022

Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day. An Exxon-led consortium started production…

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Prelude FLNG to Stay Shut in 1Q 2022

February 7, 2022

Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022. The world's largest FLNG facility had in January 2021 year resumed LNG  cargo shipments…

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Oil Hits Seven-year High

February 4, 2022

Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fueled concerns over supply disruptions. Brent crude rose $1.71, or 1.9%, to $92.82 a barrel by 1348 GMT, having earlier touched its highest since October 2014 at $93.05. U.S.

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First of Four FPSOs Deployed at Petrobras' Mero Field

February 2, 2022

The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed. The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…

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ExxonMobil to Start Production from Second FPSO in Guyana Next Month

January 28, 2022

Exxon Mobil Corp. next month plans to start production at its second oil platform in Guyana, a person familiar with the matter said Tuesday. Guyana is one of Exxon's top bets for production growth. Its recent discoveries are expected to drive…

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PTTEP Awards Long-term Charter Extension for FPSO Kikeh

January 26, 2022

PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia. The charter extension news was shared this week by Malaysia's MISC…

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Enauta Buys FPSO OSX-2 for Deployment at Atlanta Field

January 24, 2022

Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil. The completion of the acquisition is contingent on compliance with the agreed contractual…

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BW Offshore Sells BW Joko Tole

January 24, 2022

Oslo-listed FPSO owner BW Offshore has agreed to sell the FPSO BW Joko Tole 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.

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Royal Dutch No More: Shell Officially Changes Name

January 21, 2022

Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain. "Shell announced…

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Petrojarl I FPSO Extends Stay at Enauta's Atlanta Field, Offshore Brazil

January 19, 2022

Brazilian oil company Enauta has extended the charter of the Petrojarl I FPSO, used as an early production system at its Atlanta field, in the Santos Basin, offshore Brazil. Enauta signed contracts with Altera to extend the charter and Operation and Maintenance (O&M) of FPSO Petrojarl I.

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