Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

October 29, 2020

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have…


IRClass Classes India's First LNG-FSRU

October 29, 2020

Ship classification society Indian Register of Shipping (IRClass) has classed India’s first LNG-FSRU. Built at Hyundai Shipyard in Ulsan, South Korea, the 180,000 cu.m, the Indian-flagged, is designed for continuous operations without the need for drydocking over a period of 20 years.

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CEO Says Shell's Oil Production Peaked in 2019

October 29, 2020

Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy. The Anglo-Dutch company hit record earnings from its vast retail division…

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
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
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MAN to Supply Compressor Tech for Bacalhau FPSO

October 29, 2020

MAN Energy Solutions will supply five radial compressor and two screw compressor trains for the Bacalhau FPSO, under the contract with the Japanese FPSO specialist MODEC. The compressor trains will be installed aboard the FPSO that will be used to produce oil for Equinor at the Bacalhau field…

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Petrobras to Buy P-71 FPSO and Deploy It on Itapu Field

October 28, 2020

Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field. Petrobras said that the FPSO was to be used at the Tupi field, however…


Digitizing Risk-based Integrity Management of FPSOs

October 23, 2020

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…


BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

October 23, 2020

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…


Brazil: Karoon Gets ANP Approval to Take Over Bauna Field

October 23, 2020

Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40…

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Modec Hires GranEnergia's Accommodation Unit for Ops in Brazil

October 22, 2020

Modec do Brazil, a Brazilian subsidiary of the Japanese FPSO provider Modec, has hired GranEnergia's offshore accommodation unit Venus. GranEnergia said via social media that MODEC, which operates multiple FPSOs in Brazil, would use the semi…


ABS Grants Approval in Principle for DSME Floater

October 21, 2020

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) for the design of what it described as "a wide breadth, single row, near-shore LNG Floating Production Storage Offloading…


Prelude FLNG Won't Restart in 2020

October 16, 2020

Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…

KOTUG Anchor Handler Secures Offshore Work in Guyana

October 14, 2020

Dutch marine services and towage company KOTUG said it has been awarded a long-term contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana.


DNV GL Inspects Aker BP's Offshore Cranes Remotely

October 13, 2020

Maritime classification and services company DNV GL led a pilot project with the Norwegian oil firm Aker BP to remotely inspect three offshore cranes on the Norwegian Continental Shelf. DNV GL performed remote safety inspections of one box boom…


PJV Valves for Two Brazil FPSOs

October 13, 2020

PJ Valves (PJV) has won contracts to supply valves packages for two Brazil-bound FPSOs, the Marlim 2 and Mero 2. The Marlim 2 FPSO will be delivered to Petrobras by Malaysia's Yinson, under the contract signed in March . The FPSO will have the capacity to process up to 70…

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FEED Completed for Delfin FLNG Vessel

October 12, 2020

Delfin Midstream (“Delfin”) has informed that the FEED has been completed for the Newbuild FLNG Vessel for the Delfin LNG project offshore Louisiana, in cooperation with Samsung Heavy Industries and Black & Veatch. Delfin LNG project has been…

FPSOs: Hybrid Digital Twins Could Boost Safety and Cut Inspection Costs

October 12, 2020

FPSO specialist Bluewater and classification company DNV GL have teamed up in a pilot project aimed at testing how hybrid digital twin technology can predict and analyze fatigue in the hull of an FPSO in the North Sea, increase safety, and reduce operational costs and time by optimizing inspections.


Yinson's First FPSO for Brazil Arrives at Second Shipyard

October 8, 2020

Malaysia's Yinson said its floating production, storage and offloading unit (FPSO)  Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction.

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First Topside Modules Ship for Miamte MV34 FPSO

October 7, 2020

The first batch of topside modules has been shipped for a floating production storage and offloading (FPSO) unit for Japan's MODEC, U.S.-based engineering and construction firm McDermott International said on Wednesday. The FPSO, named Miamte MV34…

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Karoon Aiming to Complete Bauna Field Buy This Month

October 6, 2020

Australian oil and gas company Karoon Energy expects to complete the acquisition of the Bauna offshore field from Petrobras by the end of the month. The company, which in July 2019 agreed to buy a 100% stake in the Baúna offshore oil field, in the southern Santos Basin…


Skarpenord to Upgrade Jotun FPSO's Valve Control Systems

October 5, 2020

Scana's affiliate company Skarpenord has signed a letter of intent to upgrade valve control systems on Var Energi's Jotun floating storage and production unit in Norway. Skarpenord signed a letter of intent for the valve control systems upgrade with Rosenberg Worley…

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Shawcor's Coatings for Payara

October 2, 2020

Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana. ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week.

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