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Fairmount Tugs Delivers FPSO Petrojarl Knarr

November 4, 2014

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014.

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Saipem Awards BMT Riser Monitoring Contract

November 4, 2014

BMT Scientific Marine Services (BMT) was selected by Saipem to supply the riser integrity monitoring systems for the Total Egina development located 150km off the coast of Nigeria. Riser integrity monitoring systems measure bending moments and…

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Keppel FELS to Build $240m Jackup

November 4, 2014

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo-Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about US$240 million.

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FPSO Petrojarl Knarr Delivered to Norway

September 19, 2014

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014.

Brazil's Óleo e Gas, OSX Renegotiate FPSO Contract

September 12, 2014

Óleo e Gas Participações SA, the Brazilian oil producer that is under bankruptcy protection, and former sister company OSX Brasil SA completed on Friday a plan to renegotiate contractual terms related to the rental of a ship. In a securities filing…

Floating Production Roundup: August 2014

September 3, 2014

What’s New in August 2014 There are 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance.

BW Offshore Awards SatCom Contract to Orange

September 2, 2014

Provider of floating production services to the oil and gas industry, BW Offshore, says it has signed a 5-year, $12 million contract with Orange Business Services for an end-to-end satellite communication solution for its fleet of oil and gas production vessels.

Fogal Retires from Zentech After 57 Years in O&G

September 2, 2014

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28, “All the serious…

Kongsberg to Supply FPSO Safety System

August 28, 2014

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime, will deliver an Integrated Control and Safety System for the new BW Offshore Catcher FPSO.

YPF Inks Shale Oil Deal with Petronas

August 28, 2014

Argentina's state-controlled energy company YPF said on Thursday it had reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale oil in the vast Vaca Muerta formation. Argentina needs foreign investment to develop the shale formation…

LNG Finalizes Acquisition of Bear Head LNG Project

August 28, 2014

Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC…

Repsol to Drill First Phase of Canary Islands Solo

August 27, 2014

Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday. The Spanish oil company and its partners Woodside Energy Ltd.

Shell Sells Some Nigerian Onshore Oil Fields

August 27, 2014

Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 percent shares in four…

Bibby Offshore Expands in Norway

August 27, 2014

Bibby Offshore announced its continued international expansion with the opening of an office in Stavanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier. Bibby Offshore has a leading subsea services position in the U.K.

Dearth of Oil Finds Threaten Supplies, Price

August 27, 2014

Oil discoveries hit new lows in 2013, 2014; oil firms cutting spending, including exploration. Spending cut could hit oil price with a lag. Costs soar, making many project unviable. The rate of oil discoveries continues to disappoint after a…

CNOOC to Export 100,000 T Oil Products in H2

August 27, 2014

CNOOC to export diesel, gasoline, kerosene or naphtha in H2; volumes likely to be in 10,000 T parcel sizes. China National Offshore Oil Corp (CNOOC) has received a quota from the government to export about 100,000 tonnes of oil products in the second half of the year…

Shell sells some Nigeria oil fields

August 27, 2014

Royal Dutch Shell has sold some of four oil fields up for grabs in Nigeria, it said on Wednesday, as the oil and gas company pushes ahead with global asset sales to cut costs. Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta -- Oil Mining Licence (OML) 18…

Wood Group Kenny Wins 2 Contracts from Petrobras

August 26, 2014

Wood Group Kenny (WGK) has won two contracts with a total value of over $2 million with Brazilian operator Petrobras. In the first, WGK has begun a conceptual engineering study of two alternatives of pipeline heating systems for the Petrobras pre-salt Lapa field…

Collaboration Tackles Sea Spray Icing Challenges

August 26, 2014

Sea spray icing is one of the major challenges when operating in Arctic conditions. DNV GL is now launching an industry collaboration which will develop a simulation model that bridges functional winterization requirements and real physical conditions for drilling rigs…

Statoil Claims Mokul Nordic for North Sea Charter

August 26, 2014

Nordic Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted for a 30 days firm plus an optional 15 days charter in the North Sea by international energy provider Statoil.

Norway Oil Minister Confident Snorre Extension Project Will Go Ahead

August 26, 2014

Norway is confident the Snorre oilfield's production life will be extended as planned, the country's oil and energy minister said on Tuesday, despite doubts expressed by some of the partners about the project's viability. Statoil and partners planned to install a new platform at the North Sea field…

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