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Equinor Deepens Its Offshore Brazil Portfolio

June 7, 2018

Equinor has expanded its portfolio in Brazil’s prolific Campos and Santos basins after winning the Uirapuru and Dois Irmãos blocks in the 4th Production Sharing Bidding Round in Brazil. Equinor, ExxonMobil and Petrogal Brasil presented the winning…

Petrobras Concludes $4 Bln Bond Buyback

June 5, 2018

Brazilian state-run oil company Petroleo Brasileiro SA has concluded the buyback of $4 billion of bonds, the company said in a securities filing on Tuesday, after reaching the program's stipulated limit. In May, Petrobras, as the company is known…

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CNOOC Leases Bigger FSRU to Boost LNG Imports

June 4, 2018

The trading arm of China National Offshore Oil Corp (CNOOC) struck a three-year lease for a bigger floating storage and regasification unit (FSRU) from Hoegh LNG as it seeks to boost imports of liquefied natural gas (LNG). In a statement, shipowner…

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GTT to Equip FSRU Newbuild

June 4, 2018

GTT has received an order notification from South Korean shipyard Hyundai Heavy Industries (HHI) to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. The FSRU of 170,000 m3 will be built on behalf of a European ship-owner.

AGL Decision on LNG Import Terminal Expected in FY2019

June 1, 2018

AGL Energy Ltd, Australia's biggest power producer, expects to make a final investment decision on the country's first liquefied natural gas (LNG) import terminal in the financial year of 2019, a company official said on Friday. The A$250 million…

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Petrobras CEO Parente Resigns

June 1, 2018

Petroleo Brasileiro SA's chief executive quit on Friday in a surprise move that wiped $12 billion off the state-controlled oil producer's market valuation, after Brazil's government responded to a national trucking strike by intervening in the company's fuel pricing policy.

Golar LNG Unwinds Joint Venture with Schlumberger

May 31, 2018

Golar LNG said on Thursday it would wind down its joint venture with Schlumberger, called OneLNG, which had been involved in the development of the Fortuna LNG project with Ophir in Equatorial Guinea. Golar said despite an agreed development…

Offshore Oil: Tullow eyes Ghana Assets

May 31, 2018

Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said. Tullow is leading two operations offshore Ghana…

Petrobras Board Member Resigns Amid Pricing Turmoil

May 30, 2018

José Alberto de Paula Torres Lima, a board member at Brazilian state-run oil company Petroleo Brasileiro SA, resigned on Tuesday due to "personal reasons," the company said in a filing on Wednesday. Shares in Petrobras, as the company is known…

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Flex LNG Steers Away From Floating Units as Challenges Emerge

May 29, 2018

Flex LNG, a liquefied natural gas shipping company and part of the nautical empire of Norwegian billionaire John Fredriksen, has dropped its interest in operating floating regasification units due to project failures and low returns. Floating…

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Offshore Energy: Semco to Prep Rig Floatel Victory for Action

May 28, 2018

Semco Maritime has won the contract to upgrade the Floatel Victory accommodation rig. Following the upgrade, the rig will sail out to undertake a contract in the British sector of the North Sea for Maersk Oil UK. Floatel Victory, owned by Floatel International…

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US LNG Projects Buoyed by China Import Talks

May 22, 2018

China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities. The White House and China on Saturday said a U.S.

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Benchamas FSO: InterMoor Completes Work

May 22, 2018

InterMoor has completed work for the installation of the new Floating Storage and Offloading (FSO) facility Benchamas 2 (FSO Benchamas 2). Previously, the Benchamas Explorer FSO, owned and operated by Chevron, was installed in 1999 in Block B8/32 in the Gulf of Thailand.

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FPSO at Jubilee Oil Field to Close for Fix

May 21, 2018

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday. The planned shutdown next Monday of the Kwame Nkrumah production vessel…

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Ghana to Award New Oil Blocks off West Coast

May 18, 2018

Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on Thursday. The West African country plans to award six of the nine blocks this year while the…

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New Water Booster Pumps for Polvo FPSO

May 17, 2018

As part of the life extension project for the Polvo Floating production storage and offloading (FPSO) vessel, operator BW Offshore has contracted Norwegian based liquid handling and pump specialist PG Flow Solutions to supply new water booster pumps.

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Bangladesh Drops Trafigura in LNG Talks as Gunvor Advances

May 16, 2018

Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas (LNG ) import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project.

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Record 16 Companies Register for Brazil Pre-salt Auction

May 11, 2018

A record 16 oil companies, including heavyweights like Royal Dutch Shell Plc, have registered to participate in the so-called fourth round of bidding for stakes in Brazil's coveted pre-salt layer, oil regulator ANP said on Thursday. American firms Chevron Corp and Exxon Mobil Corp…

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Croatia Acts to Cut Red Tape for FSRU Terminal Project

May 10, 2018

The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic. The floating terminal is expected to start operations in 2020. The European…

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Petrojarl I FPSO Begins Working its 10th Field

May 10, 2018

Teekay’s three-decades-old floating production, storage and offloading (FPSO) Petrojarl I has achieved first oil and commenced its five-year charter contract with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) on the Atlanta oilfield…

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Aker to explore options for Aker Energy after Ghana plan filing

May 9, 2018

Norwegian investment firm Aker will consider options for its stake in oil startup Aker Energy after the unit has appraised its offshore field in Ghana and submitted a development plan for the site to the Ghanaian government. Aker Energy bought…

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