Stories

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Banff FPSO Arrives at Kishorn Port ahead of Recycling

September 8, 2020

Teekay's Banff FPSO, which recently ceased production in the UK North Sea, has arrived at Kishorn Port for temporary mooring, ahead of recycling. The Banff FPSO had been producing oil for CNRI at the Banff and Kyle fields, some 200 kilometers…

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Yinson Orders TMC Compressors for Anna Nery FPSO

September 7, 2020

Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery , which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil. TMC's compressed…

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Woodside, Cairn Ink Binding Deal for Senegal Oil Field Rights Transfer

September 4, 2020

Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal. The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…

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
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PDVSA, Eni Looking at Options to Offload Oil from Idle FSO

September 3, 2020

Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company.

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With Dampier Spirit FSO Set to Leave Stag Field, Jadestone Turns to Tankers

September 3, 2020

Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire. Jadestone’s Stag oilfield produces crude oil via a fixed leg…

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Equinor's Johan Castberg FPSO Faces Delays as "Weld and Fatigue-analysis Errors" Found

September 2, 2020

Delivery of the FPSO destined for Equinor's the Johan Castberg field in the Barents Sea is expected to be delayed after the company found issues with the weld quality and fatigue calculations program. The FPSO Hull was ordered by Equinor (then…

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PHOTO: SWS Shipyard Launches FPSO Prosperity Hull

September 1, 2020

China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore. Following the delivery of the Liza Unity hull in late 2019 , SWS on Monday delivered the Liza Prosperity hull…

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DOF Subsea Wins Deal to Assist with Offshore Decommissioning Project

September 1, 2020

Subsea services provider and vessel operator DOF Subsea has been awarded a turnkey contract performing marine operations related to a decommissioning project by Teekay Petrojarl Floating Production. DOF Subsea said Tuesday that the contract…

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Akselos Deploys Structural Digital Twin on Shell's Bonga FPSO

September 1, 2020

Swiss-based digital twin specialist Akselos has deployed structural Digital Twin for Shell’s Bonga Main FPSO, located 120km Southwest of the Niger Delta in Nigeria. The Digital Twin is a physics-based model of the asset, which represents its…

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Offshore: Digital Twinning & Reduced Operating Cost Offshore

August 28, 2020

The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years.

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Exxon Presses for Guyana Approval of Third Offshore Project

August 27, 2020

Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country. Exxon, which operates…

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FAR OK with Cairn's Sangomar Stake Sale. Won't Trigger Buy Option

August 27, 2020

FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project. Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…

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PHOTO: First Topside Module Installed on Energean Power FPSO

August 26, 2020

First topside module was lifted and installed earlier this week on the Energean Power FPSO hull at Sembcorp Marine's Admiralty Yard in Singapore. Oil and gas company Energean said that the electrical house (E-house), which contains all the FPSO control equipment and electrical switchgear…

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VIDEO: Suction Anchors Installed Off Israel for Energean Power FPSO

August 24, 2020

London-listed oil and gas company Energean has informed that suction anchors, designed to keep the Energean Power FPSO in place at the Karish field off Israel, have been installed. Energean said Monday that the installation of the suction anchor took less than three weeks to complete.

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Exxon Limits Guyana Output Due to Gas Injection Issues

August 21, 2020

Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday. Exxon…

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Three Firms in Dorado FPSO FEED Contract Race

August 21, 2020

Three FPSO specialists are competing for Santos' Dorado FPSO front end engineering design contract, set to be awarded later this year. This is according to Carnarvon, Santos' partner in the Dorado field discovered offshore W. Australia in 2018…

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Keppel: Converted FLNGs Have Smaller Carbon Footprint Compared to Newly Built Units

August 20, 2020

Singapore's Keppel Offshore & Marine has said that converted FLNG vessels save approximately 33% of greenhouse gas (GHG) emissions compared to an FLNG new build, citing a study by environmental consultants, Environmental Resources Management (ERM).

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Welaptega's Riser Cleaning Tech in Successful Debut Offshore Norway

August 19, 2020

Underwater asset integrity company Welaptega's recently launched system for marine growth removal from offshore risers recently had a debut at Var Energi's Balder X project, in the North Sea, offshore Norway. Welaptega delivered the system called…

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Guyana: New Gov't Plans to Relaunch Oil Marketing Tender

August 18, 2020

Guyana's new administration has put a hold on reviewing bids for a contract to lift the government's portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday. The South American country…

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Total Resumes Angola Oil Drilling

August 17, 2020

France's Total has restarted oil drilling in Angola and new exploration ships will also soon resume work, the company's country chair Olivier Jouny told trade publication Africa Oil & Power on Monday. All drilling activity ground to a halt in…

Petrobras, Partners Sanction Mero 3 Offshore Development

August 17, 2020

Brazilian oil company Petrobras, the operator of the Libra consortium, has made the investment decision for the third phase of the Mero project, located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin.

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