Stories

InRange is developed as a “plug and play” solution and can be easily installed by crew members. Its main features include  ScanReach-GUI-tweak.jpg

ScanReach's In: New Safety at Sea Tech

April 19, 2018

Norwegian start-up technology firm ScanReach is set to redefine safety standards at sea with In:Range, a unique system capable of locating anyone on a vessel or offshore installation in real time. The plug and play technology is simple, easy to install…

Golar LNG Enters Preliminary Deal for BP FLNG

April 19, 2018

Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal. The Preliminary Agreement…

ConocoPhillips' Alaskan venture a success

April 17, 2018

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plus three exploration wells.

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the 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 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

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Venezuela Arrests Two Chevron Execs

April 17, 2018

Chevron Corp said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuelan Sebin intelligence…

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Goliat Field Output Resumed After Fire

April 16, 2018

Oil firm Eni said output from Norway's Goliat field has resumed after being shut since Friday morning following a small fire. The platform has a capacity to produce almost 100,000 barrels per day (bpd) of oil. "Production resumed Sunday morning," a Eni spokeswoman told Reuters.

TechnipFMC Grabs BP FPSO Design Contract

April 16, 2018

UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development, a major LNG (liquefied natural gas) project located…

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Fire in Sauna Shuts World's Northernmost Oilfield

April 13, 2018

The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers…

Statoil Eyes Future Projects with Pemex

April 13, 2018

Norway's Statoil will evaluate new offshore projects in Mexico, including potential tie-ups with state oil company Pemex, the firm's top executive said, adding that a first deepwater well in an existing Gulf project will likely be drilled next year.

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Petrobras, BP Reinforce Partnership

April 12, 2018

Petrobras chief executive officer, Pedro Parente, and BP chief executive officer, Robert Dudley, signed a Memorandum of Understanding (MOU) to complement and reaffirm the commitments contained in the Letter of Intent (LOI), signed by the companies in October 2017.

Eni CEO Says Q1 Production Rose 4%

April 10, 2018

Italy's Eni grew its oil and gas production by 4 percent in the first quarter, CEO Claudio Descalzi said on Tuesday. "Production is good. We have 4 percent growth year-on-year and quarter-on-quarter," Descalzi said, presenting the group's recent business plan in New York.

Pictured left to right Florin Boros, Associate Director – Transportation Clients, ABN AMRO Bank; Pierre Frachon, Head of Shipping & Offshore for France, Benelux, Italy and Eastern Europe, ‎BNP Paribas

SCF Secures Funds for Six Aframax Tankers

April 6, 2018

PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank; BNP Paribas; Citibank; ING Bank; KfW IPEX-Bank, and Société Générale.

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FSRU Höegh Esperanza Delivered

April 5, 2018

Höegh LNG Holdings Ltd. took delivery of Höegh Esperanza, its eight floating storage and regasification unit (FSRU). The FSRU was constructed at Hyundai Heavy Industries in South Korea and is designed for open, combined and closed loop regasification operation.

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MHWirth Bags Drilling Equipment Contract

April 5, 2018

MHWirth AS, a company owned by Akastor ASA, has entered into a contract with Keppel FELS for delivery of the drilling equipment package for a new semisubmersible drilling rig for harsh environment use, with options for further three packages.

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GAIL to Start Importing LNG Under Gazprom Deal

April 4, 2018

GAIL (India) to begin getting liquefied natural gas (LNG) under reworked deal with Gazprom from May, India's oil minister Dharmendra Pradhan told lawmakers on Wednesday GAIL signed a 2.5 million tonnes a year LNG import deal with Gazprom in 2012 Supplies under the reworked deal will be gradually ramped up and likely to reach full volumes in 5-6 years

Petrobras to Pre-pay $1.4 Bln in Bonds Maturing in 2020

April 4, 2018

Brazilian state-controlled oil company Petroleo Brasileiro SA said on Wednesday it would prepay $1.4 billion worth in bonds maturing in 2020, with coupons of 5.75 percent and 4.875 percent. The amount will be paid on May 3, Petrobras said in a securities filing…

Oil Down 2%

April 2, 2018

* Concerns of U.S. sanctions against Iran also support crude   * Rising Russian output, U.S.-China trade spat weigh   * U.S. crude output rose to 9.964 mln bpd in Jan - EIA (Updates prices)   Oil fell by more than 2 percent on Monday, pressured by a rise in Russian production…

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BSEE Inspects New Shell Appomattox Platform

April 2, 2018

As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018.

Mr. Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors. Photo by Qatar Gas.JPG

Qatargas, EGAT Exploring LNG Collaboration

April 2, 2018

Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) announced the signing of a Memorandum of Understanding (MoU) to explore collaborative efforts in the LNG business. Under the terms of the MoU…

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Exxon Leads Oil Majors in Aggressive Offshore Brazil Bids

March 29, 2018

Exxon Mobil Corp roared into Brazil's prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country's choice reserves ahead of presidential elections later this year. Exxon…

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Production Floaters Orders Are on the Rebound

March 27, 2018

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate.

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UTEC Develops Bespoke FPSO Virtual Management Tool

March 27, 2018

UTEC has delivered a bespoke Virtual Asset Management tool to an offshore Operator in Eastern Canada to allow its team to remotely access its floating, production storage and offloading unit (FPSO) from their desktop. The field, located offshore…

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