Stories

Petrobras Output in Campos Drops to Lowest Level in 17 Years

July 18, 2018

Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.

For the Global LNG Industry, is the FSRU Honeymoon Over?

July 18, 2018

A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers. The Excellence is the latest floating storage and regasification unit (FSRU)…

MODEC Secures FPSO FEED Contract

July 18, 2018

MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front End Engineering Design (FEED) of a floating production storage and offloading (FPSO) vessel for Australian waters.

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Royston Completes FPSO Engine Overhaul

July 18, 2018

An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services. Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m…

ABS to Class FSRU for Turkey's BOTAS

July 16, 2018

Classification society ABS said it was selected to class a floating storage and regasification unit (FSRU) for Turkey’s oil and gas pipeline operator BOTAS. “As demand for gas has increased over the last decade, the supply chain has had to adapt…

EDF Trading, JERA Form LNG Joint Venture

July 12, 2018

On July 3, 2018 JERA Co., Inc and EDF Trading Limited (EDFT) announced their intention to form an LNG optimization and trading joint venture, JERA Trading Pte. Ltd. (JERAT). In addition to this transaction, EDF Trading North America (EDFT NA) and JERA Energy America (JERA EA)…

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Inpex to Ship First Ichthys LNG Cargo by End of September

July 11, 2018

Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of September after safety issues have been resolved, maintaining an earlier schedule. Australian regulators had discovered…

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BMT Supports the Installation of Appomattox FPS

July 5, 2018

BMT has completed a project for Heerema Marine Contractors (HMC) providing marine simulation studies which have supported the installation of Shell’s Appomattox Floating Production System. The topside and hull of Appomattox, Shell's largest floating platform in the Gulf of Mexico…

Fall from Grace: Batista Gets 30-Years for Corruption

July 5, 2018

Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday.

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East China Sea Dispute: Japan Protests China Drilling Vessel

June 29, 2018

Japan has protested to China for allowing a gas drilling vessel to operate in disputed waters in the East China Sea, the government said on Friday. Japan and China agreed to jointly develop gas fields in the area in 2008 but talks have since stopped.

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Nippon Foundation Addresses Global Ocean Threats

June 28, 2018

Nippon Foundation is a philanthropic organization active globally with a simple mission, social innovation. While its activities today cross many activities and borders, when founded in 1962 its efforts focused largely on the maritime and shipping fields.

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EnerMech Obtains $24m Service Contract

June 27, 2018

EnerMech Get $24m Contract Lift. EnerMech has secured a cranes and lifting services contract with an international Operator in the North Sea along with an extension of many existing contracts worth just over $24m. The company will provide crane…

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Trelleborg Solutions to FSRU-Based LNG Terminal

June 26, 2018

Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Infrastructure’s Jaigarh Port in Ratnagiri District, Maharashtra. Developed in accordance…

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Offshore Energy: LR Supports Mozambique FLNG Project

June 25, 2018

The scope of work that LR is undertaking covers design, procurement, certification, construction, integration and commissioning, as well as providing classification services under a risk based inspection regime to the FLNG when it enters into service in 2022.

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Hundreds Surf in Record Offshore Gas Protest

June 22, 2018

Hundreds of Israeli surfers in black skull-and-crossbones shirts took to the waves on Friday in what they said was a record-breaking protest against potential environmental damage from off-shore gas development. Organizers said 992 people, among them athletes and actors…

Croatia Reopens Bidding for LNG Terminal Capacity

June 22, 2018

LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest. Last week, Croatia's parliament…

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Predictive Software to Optimize FPSO Maintenance

June 21, 2018

A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance. Lloyd's Register (LR) said it is using its RTAMO software to support AkerBP in an effort aiming…

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ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

June 21, 2018

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality…

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Angola's Oil Exports Could Drop to 2006 Lows

June 19, 2018

Angola's preliminary crude oil export plan for August includes 43 cargoes, down from July's 48 cargoes, according to a loading program on Tuesday. The schedule, which equates to a daily rate of around 133,000 barrels per day, will be the smallest since the 132…

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Panama Imports Its First LNG Cargo

June 19, 2018

Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America. Many utilities in Central…

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Equinor Buys 25% Stake in Brazil’s Roncador Oil Field

June 15, 2018

Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This follows all transaction conditions being met, including government and regulator approval.

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