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McDermott Bags Significant Contract with TotalEnergies Offshore Angola
Offshore engineering and construction firm McDermott International said Tuesday that it secured a "significant" contract with TotalEnergies EP Angola Block 17/06. McDermott defines a significant contract as between USD $250 million and $500 million.
Italy's Commissioner Confident in a Timely Decision on New FSRU
Italy's commissioner for the set up of a new regasification terminal is confident the infrastructure could get the green light by the end of October, in time for extending the country's LNG capacity at the beginning of 2023. Under the government's energy plan…
Enauta Restarts Production from Atlanta Field Offshore Brazil
Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. "The second well should start operating next and, by the end of September,…
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.
- Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.
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Jadestone Energy: No Clear Date for Montara FPSO Output Restart
Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was "not in a position to provide guidance on a…
Exmar Pens LNG Carrier Deal with Eni. Closes Tango FLNG Sale
Belgian shipowner Exmar said on Friday it had signed a 10-year charter deal for the liquefied natural gas (LNG) vessel Excalibur with Eni as the Belgian shipowner closes the sale of its Tango LNG barge to the Italian energy group. The squeeze on oil and gas imports from Russia…
Germany Charters Fifth FSRU
U.S.-based LNG firm Excelerate Energy said Thursday that it had signed a term sheet with ENGIE for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany…
Report: Shell's Vito Offshore Field to Start Production in Early 2023
Shell's Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday. "It is in the early stages of being installed with the intent of first production (in) early 2023," Chris Golden, Equinor's U.S.
Gate Energy to Help LLOG Bring Online Salamanca FPS
Houston-based engineering, commissioning, and field services firm Gate Energy has won a commissioning management and execution contract for LLOG's Salamanca development in the U.S. Gulf of Mexico. The scope of this work includes pre-commissioning…
Petrobras Orders Giant $2.9B FPSO from Keppel
Brazilian oil company Petrobras said Monday it had ordered an FPSO from Keppel Shipyard, for deployment at the Búzios offshore oil field in Brazil. The FPSO, named P-80 will be the ninth unit to be installed in the field, and, according to…
Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues
Asia Pacific-focused oil and gas company Jadestone has decided to shut production from its Montara field FPSO in the Timor Sea, off Australia, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack . While…
Johan Castberg FPSO Suffered Minor Damage in Fire, Equinor Says
Equinor's Johan Castberg floating production, storage, and offloading (FPSO) vessel suffered only minor damage during a fire on Wednesday, and the project's timeline will not be affected, a company spokesperson said on Thursday. The vessel is under construction at a shipyard in western Norway.
Shell Hires Maersk Supply Service to Fix FPSO Mooring Lines in Brazil
Danish offshore vessel owner, Maersk Supply Service has won a contract with Shell in Brazil for the mooring line remediation of the FPSO Fluminense, located off the coast of Rio de Janeiro. The scope of the project includes remediation work on two of the Fluminense FPSO's mooring lines.
INPEX Files $970M Claim Against DSME for Ichthys Venturer FPSO Work
Japanese oil and gas company INPEX has filed a $970 million claim against South Korean shipbuilder Daewoo Shipbuilding Marine & Engineering, seeking compensation for alleged delays and construction issues related to a 2012 FPSO order. DSME said…
ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana
ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project, Exxon's fifth offshore development project in Guyana.
MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs
FPSO leasing specialist MODEC and Toyo Engineering Corporation have executed a deal to form a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of FPSO vessels. The establishment of the joint venture company…
Exxon Accelerates Production in Guyana, Makes Two New Discoveries
Exxon Mobil Corp said on Tuesday it has made two new oil discoveries offshore Guyana and that it has already exceeded its original year-end daily production target for the South American country. The announcements are part of Exxon's efforts…
Drydocks Orders Kanfa FPSO Topside Module
UAE-based shipyard Drydocks World has signed a contract with Norway-based Kanfa to deliver a topside module for a floating production storage and offloading vessel. In what will be the first collaboration between Drydocks World and Kanfa, the M10 module will be placed on the main deck of the FPSO.
Webinar: How oil & energy firms can gain a competitive advantage by embracing the digital future
While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing, and the ‘business as usual’ model will not necessarily yield the best future results. AI, automation and data…
Digitalization: Leveraging Digital Innovation in Offshore Energy
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations…
First Hydrocarbons Introduced into Coral South FLNG Offshore Mozambique
Italian oil and gas company Eni said Saturday that the first hydrocarbons had been introduced from the Coral South reservoir offshore Mozambique into the Coral South FLNG unit. Eni operates the offshore Area 4 where the Coral South FLNG is located.
IEA Says World Oil Demand to Rise 2% in '23
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook.