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LR Grants AiP for Wison’s 300MW FSRP Design

September 20, 2018

Lloyd’s Register (LR) has issued approval in principle (AiP) to Wison for its 300MW capacity floating storage, regasification, power plant (FSRP) concept design. A relatively new design concept, FSRPs are essentially floating liquefied natural…

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Bangladesh Shelves LNG Projects as Others Ramp Up

September 20, 2018

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March. Bangladesh has…

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Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls

September 19, 2018

The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls. This follows the…

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Aker Bets on Software Engineers for Its Oil Business

September 19, 2018

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one. So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…

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FSO Installed in Culzean Field

September 19, 2018

Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked up and completed, the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service.

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Aker Solutions Wins Services Contract in Brazil

September 18, 2018

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers.

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BSM Launches a Offshore Division

September 18, 2018

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.

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Digitization of the Norwegian Continental Shelf

September 18, 2018

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea. The system, developed by Eni Norge in cooperation with Safetec and SINTEF…

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BW Adolo FPSO Produces First Oil

September 18, 2018

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on 16 September 2018, 18 months after the initial investment was made in the Dussafu license offshore Gabon. "We have achieved first oil from the Dussafu license within budget and on schedule", said Carl K.

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Reviewing Sapinhoá-Lula NE BSR System

September 17, 2018

The exploration and production of deepwater pre-salt plays offshore Brazil have triggered major technological challenges. Some reservoirs are located under 2,000 meters of water and have to be drilled through another 2,000 or so meters of salt.

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Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute

September 14, 2018

The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday.

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Electrification in a New Era for the O&G Industry

September 12, 2018

With the recovery in oil prices, deepwater and ultradeep water oil and gas (O&G) projects are the focus of renewed interest. Project viability will come down to a continued focus on cost, but also productivity through high-performing assets.

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Excelerate, TGS Join for Argentina LNG Export Study

September 11, 2018

Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina. Argentina currently imports liquefied natural gas (LNG) through two floating import terminals…

Okea Weighs Its Options for Grevling Oil Discovery

September 11, 2018

Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.

Petrobras Sees Lower 2018 Net Debt, Ups Free Cash Flow

September 10, 2018

Brazilian state-controlled oil company Petróleo Brasileiro SA on Monday cut its 2018 net debt target to $69 billion from $85 billion in 2017, according to a presentation to investors. Petrobras, as the company is known, forecast $15 billion in free cash flow in 2018, up from $13.9 billion in 2017.

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Ancient Relics Found in Subsea Pipeline Route

September 6, 2018

Underwater archaeologists have been scouring the seabed where a gas pipeline is being built off Israel's coast in a bid to preserve relics near a 5,000-year-old port which once was a key trade hub for the Mediterranean's ancient civilizations.

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SBM Offshore to Pay Additional Fines to Petrobras

September 5, 2018

SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil's state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday. As a result of a long-running corruption investigation…

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Höegh LNG Secures FSRU Debt Financing

September 4, 2018

Höegh LNG Holdings Ltd. said it has received commitment letter for a sale and leaseback financing for another floating storage and regasification unit (FSRU) of up to $206 million. FSRU #10 is currently under construction at Samsung Heavy Industries in South Korea…

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Spirit Energy Invests in West of Shetland

September 3, 2018

Spirit Energy will invest in exploration and appraisal West of Shetland for the first time early next year after farming into 50% of Hurricane Energy’s Greater Warwick Area. Spirit Energy will fund a $180 million (£139 million) campaign to drill three wells 100km West of Shetland…

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Egina FPSO Sails to Offshore Field

August 26, 2018

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media. Following fabrication and integration works in Lagos…

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Hoegh Backs Out of Chile LNG Project but Buoyant on Market

August 23, 2018

Hoegh LNG said on Thursday it had let agreements lapse in Chile that tied one of its floating liquefied natural gas (LNG) import vessels to a project there because approvals for the initiative were likely to be delayed again. The Norwegian company…

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