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India's First FSRU Based LNG Terminal Launched

May 3, 2018

H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by…

Flintstone Secures Contract for Tullow FPSO

May 2, 2018

Flintstone Technology Ltd said it has secured a contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa. The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production…

Matthieu de Tugny, COO, Bureau Veritas Marine & Offshore. Photo BV.JPG

MISC awards BV contract for Veristar AIM3D

May 1, 2018

Bureau Veritas (BV) has been awarded a contract by MISC Berhad (MISC) to deploy and support the VeristarAIM3D ‘software as a solution’ system to provide asset integrity services on selected MISC FPS systems:the Floating Storage & Offloading (FSO) vessel -FSO Benchama 2and the Floating Production…

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Chevron to Idle Gorgon LNG Unit in May

April 30, 2018

Chevron will idle the second production unit at its Gorgon liquefied natural gas (LNG) project in May to carry out modifications already implemented at the other two units, a senior executive said. Pat Yarrington, Chevron's vice president and chief financial officer…

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Heavy Lift: Boka Vanguard to Ship 90,000-ton FPSO

April 30, 2018

Boskalis' mega lift ship Boka Vanguard -- the world's largest semi-submersible heavy lift vessel -- is preparing to load a truly enormous cargo: a 90,000-ton floating production, storage and offloading (FPSO) platform. The FPSO is equivalent to the weight of approximately 300 Boeing 747s…

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Petrobras Seeks Partnerships

April 30, 2018

Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil. Petrobras intends to sell 60% of its equity interest in each of these new companies .

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BP Names Former Statoil Boss Lund as Next Chairman

April 27, 2018

BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010. Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell…

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Changes in Statoil's Top Deck

April 27, 2018

Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect the company's increased focus on Brazil. Statoil's Brazilian operations will become a separate business unit headed by Margareth Oevrum…

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Resilient Market Spurs Aker Solutions's Earnings

April 27, 2018

Norwegian oil services company Aker Solutions reported strengthened earnings for the first quarter of 2018 as orders almost doubled from a year earlier amid increasing signs of a market recovery. "We are seeing increasing signs of a market rebound…

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Sembcorp Marine Outlook Subdued on Q1 Profit Slump

April 25, 2018

Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes. Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March…

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Petrobras starts production of Búzios field, Santos Basin

April 21, 2018

Petrobras started (20/4) the production of the Búzios field, in the pre-salt of the Santos Basin, through the platform P-74. Búzios is the first field in production under an Onerous Assignment regime. The P-74 is located about 200 km off the coast of the state of Rio de Janeiro…

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Petrobras March Production Dips

April 21, 2018

Petrobras reports that, in March its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), with 2.56 million boed produced in Brazil and 99 thousand boed produced abroad.

Conract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel Photo courtesy Statoil.jpg

Life Extension for FSO Njord Bravo

April 19, 2018

Statoil, on behalf of the Njord license, awarded a NOK 1.3 billion ($168 million) contract to Aibel to upgrade the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea. The FSO will be prepared for extended operation of the Njord and Hyme fields…

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ScanReach's In: New Safety at Sea Tech

April 19, 2018

Norwegian start-up technology firm ScanReach is set to redefine safety standards at sea with In:Range, a unique system capable of locating anyone on a vessel or offshore installation in real time. The plug and play technology is simple, easy to install…

Golar LNG Enters Preliminary Deal for BP FLNG

April 19, 2018

Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal. The Preliminary Agreement…

ConocoPhillips' Alaskan venture a success

April 17, 2018

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plus three exploration wells.

Venezuela Arrests Two Chevron Execs

April 17, 2018

Chevron Corp said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuelan Sebin intelligence…

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Goliat Field Output Resumed After Fire

April 16, 2018

Oil firm Eni said output from Norway's Goliat field has resumed after being shut since Friday morning following a small fire. The platform has a capacity to produce almost 100,000 barrels per day (bpd) of oil. "Production resumed Sunday morning," a Eni spokeswoman told Reuters.

TechnipFMC Grabs BP FPSO Design Contract

April 16, 2018

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located…

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Fire in Sauna Shuts World's Northernmost Oilfield

April 13, 2018

The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers…

Statoil Eyes Future Projects with Pemex

April 13, 2018

Norway's Statoil will evaluate new offshore projects in Mexico, including potential tie-ups with state oil company Pemex, the firm's top executive said, adding that a first deepwater well in an existing Gulf project will likely be drilled next year.

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