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Exmar FSRU Locks in For Longevity with EcoLock Protection

Subsea Industries has applied its hard-type Ecolock protective coating to the hull of a 26,320m³ floating storage and regasification (FSRU) unit nearing completion at the Wison Offshore & Marine shipyard in Nantong, China. It is the second major…

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Randgrid FSO Begins Gina Krog Field Contract

Teekay Offshore Partners announced the Randgrid FSO, which was converted from one of the Partnership’s shuttle tankers at Sembcorp’s Sembawang shipyard in Singapore, has commenced its charter contract with Statoil ASA (Statoil) on the Gina Krog…

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Offshore Rig Firms See End to Historic Downturn

Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit, executives said.

Floating Production Systems Report And Online Database

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Drydocks World Takes on FPSO Aoka Mizu Projects

Drydocks World, a marine, onshore and offshore service provider to the oil, gas and renewable energy sectors, has signed an agreement for two new projects with Bluewater Energy Services B.V. and end client Hurricane Energy plc. Building on Drydocks…

Petrobras Kicks off Non-binding Stage of Oil Fields Sale

Brazilian state-controlled oil company Petróleo Brasileiro SA has sent additional information on several shallow water oil fields to interested parties as it kickstarts the non-binding stage of the asset-sale process, according to a securities filing on Wednesday.

Keppel Wins SBM FPSO Conversion Deal

As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO…

Brazil Sees Possible Petrobras Privatization in Future

A privatization of state-controlled oil company Petróleo Brasileiro SA is feasible in the long run, Brazil's Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a surprising remark amid rising controversy over state asset sales in Latin America's largest economy.

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World's Largest FSRU Named as MOL FSRU Challenger

Mitsui O.S.K. Lines (MOL) has announced that a naming ceremony for the MOL FSRU Challenger was held at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co., Ltd.in Korea on September 28.This is the first FSRU for MOL to independently build, own and operate.

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New Offshore Oil Investments Needed to Avoid Shortages -Hess

Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on Thursday. The past…

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role

Exxon Mobil Corp's big bet on Brazil's offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country's rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence…

FueLNG Completes First Commercial LNG Bunkering in Singapore

FueLNG, a joint venture between Keppel and Shell Eastern Petroleum (Pte) Ltd (Shell), has achieved the first commercial Liquefied Natural Gas (LNG) bunker transfer in Singapore by completing truck-to-ship bunkering for the Floating Liquefaction (FLNG) vessel, Hilli Episeyo.

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Total, Chevron Team up in Gulf of Mexico Oil Exploration

Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are…

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Transocean Retires Six Floaters

Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for…

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ROG Ship Repair Completes FPSO Moonpool Project

Holland’s ROG Ship Repair said it has come to the aid of a Floating Production & Storage Offshore (FPSO) vessel ran into problematic weather conditions while being towed from Europe to the Middle East. Having recently been assigned a new contract…

BP Restores Power at Thunder Horse Platform after Outage

BP restored power at its Thunder Horse platform in the U.S. Gulf of Mexico, according to a statement to Reuters Wednesday. The platform lost power due to an electrical outage Monday. BP said it was redeploying staff to the platform, which has the capacity to produce up to 265…

Mitsui OSK Targets 26% Stake in Swan's Indian LNG Unit

Japan's leading shipper Mitsui OSK Lines aims to buy at least a 26 percent stake in a floating storage regassification unit (FSRU) in India, a company official said, to boost its exposure in the west coast project of Swan Energy. Swan Energy…

GTT to Design LNG Tanks for FSRU Newbuild

GTT said it has received an order from the South Korean Shipyard Hyundai Heavy Industries concerning a new Floating Storage and Regasification Unit (FSRU) which has been contracted by Triumph Offshore, a subsidiary of the Indian ship-owner Swan Energy.

Ichthys Explorer Moored off Western Australia

The world’s largest semi-submersible platform, the Ichthys Explorer, has been safely moored in the Ichthys Field, 220 kilometers off the north coast of Western Australia, where it will be located for 40 years, as part of the INPEX-operated Ichthys LNG Project.

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Xodus Wins Two ESIA Contracts in Senegal

Xodus Group sai dit has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa. Xodus’ environmental…

Brazil: 17 Firms Registered to Bid for Pre-salt Oil Exploration

A total of 17 companies have registered to take part in two rounds of bidding for licenses to explore pre-salt oil areas in Brazil, Oil and Gas Secretary Marcio Felix said on Thursday. The auctions next month include some of the most promising oil blocks in the world.

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Seadrill Files Chapter 11 Bankruptcy Protection

Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported. The indebted oil rig firm controlled by Norwegian billionaire John…

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