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Enauta's Atlanta Field Output Hit by Pumping System Failure

July 6, 2021

Brazilian oil firm Enauta said Monday that production from its Atlanta field offshore Brazil was affected by a failure in the pumping system at two wells. The Atlanta Field is currently producing oil through one well only. "Two wells stopped production in the last few days.

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FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

July 5, 2021

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders…

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Australian Gov't Invites Expressions of Interest for Timor Sea FPSO Decommissioning

July 5, 2021

The Australian government on July 1 released a Request for Expressions of Interest (REOI) for Phase 1 works related to decommissioning of the Northern Endeavour FPSO currently at Laminaria-Corallina oil fields in the Timor Sea. After the offshore fields' owner…

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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OPEC+ Agrees New Oil Deal Without UAE Agreement, Source Says

July 2, 2021

OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said. All OPEC+ deals require unanimous approval.

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Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract

July 2, 2021

Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP. The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…

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Ertuğrul Gazi FSRU Delivered to Turkey's BOTAS

July 2, 2021

The Ertuğrul Gazi Floating Storage and Regasification Unit (FSRU) for was recently from South Korea to Turkey's BOTAŞ Petroleum Pipeline Corporation (BOTAS), the classification society ABS has informed. Built by Hyundai Heavy Industries in accordance…

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TechnipFMC Wins Subsea Contract for Petrobras’ Búzios 6-9 Fields

June 29, 2021

TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million…

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Australia: Santos Starts Dorado Offshore Field FEED

June 29, 2021

Australian oil and gas company Santos on Tuesday announced the start of Front-End Engineering and Design (FEED) for the Dorado field development in the Bedout Sub-basin, offshore Western Australia. Contracts are expected to be awarded in the next few months, Santos said.

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Repsol Sinopec Extends Bleo Holm FPSO Charter Until 2024 End

June 28, 2021

FPSO specialist Bluewater has secured a contract extension for its Bleo Holm FPSO with Repsol Sinopec Resources UK Limited and its JV Partner RockRose Energy. The FPSO, deployed in the UK, will see the contract extended until December 31, 2024.

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PetroRio's Frade Field Plans Approved by ANP

June 25, 2021

Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil. The new development plan, approved by the national oil industry regulator ANP, allows the drilling…

Miko Marine Delivers Magnetic Blanking Set for Bacalhau FPSO

June 24, 2021

Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian…

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Oil May Hit $100 but Volatility Will Grow, Say Energy CEOs

June 22, 2021

Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could see…

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Oil Settles Slightly Lower as OPEC+ Discusses Raising Production

June 22, 2021

Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production. Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel…

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Dyna-Mac Secures FPSO Turret Module Gig

June 22, 2021

Singapore-based oil and gas module construction firm Dyna-Mac has said it has won additional work from existing customers, for a total provisional contract sum of S$8.0 million ($5,94 million). Dyna-Mac said it had secured an add-on work scope for an ongoing project in its yard.

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WTI-Brent Spread Narrows as Oil Market Tightens

June 21, 2021

The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied. North Sea Brent futures traded at a premium of $1.89 to U.S.

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MSS Wins Libra Consortium Contract in Brazil

June 21, 2021

Maersk Supply Service reports winning a solutions project contract for the Libra Consortium in Brazil for the pre-lay of anchors to a newbuild FPSO in Brazil, a project integrating engineering, procurement, construction and installation (EPCI)…

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Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

June 18, 2021

Canadian oil and gas company Suncor Energy said an agreement has been reached for the Terra Nova FPSO (and the namesake oil field) which was last year docked shoreside in Newfoundland after Covid-19 prevented the planned drydocking in Spain.

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Aker BP Brings Online Gray Seal Offshore Oil Field

June 18, 2021

Production has kicked off from the Gårsel (Gray Seal) oil field in the Skarv area, off the coast of Norway, four months ahead of plan, according to Norwegian oil and gas giant Aker BP. Aker BP CEO, Karl Johnny Hersvik said: "I’m very proud of…

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Senegal Gearing Up for first LNG-powered Electricity

June 17, 2021

Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation's state power company, Senelec, said. The…

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Petrobras Orders $2.3B FPSO from Saipem, DSME JV

June 11, 2021

Italian offshore engineering and construction firm Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), has won a contract with Brazil's Petrobras to build an FPSO for the Búzios offshore field in Brazil.

Technip Energies Hires Havfram for Tortue Ahmeyim FPSO Work

June 10, 2021

Norwegian offshore services company Havfram, previously known as Ocean Installer, has won a contract with Technip Energies in Africa. The contract is for the pre-installation and subsequent hook-up of the subsea mooring system for a natural…

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