Ghana to Award New Oil Blocks off West Coast

May 18, 2018

Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on Thursday. The West African country plans to award six of the nine blocks this year while the…


New Water Booster Pumps for Polvo FPSO

May 17, 2018

As part of the life extension project for the Polvo Floating production storage and offloading (FPSO) vessel, operator BW Offshore has contracted Norwegian based liquid handling and pump specialist PG Flow Solutions to supply new water booster pumps.


Bangladesh Drops Trafigura in LNG Talks as Gunvor Advances

May 16, 2018

Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas (LNG ) import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project.

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Record 16 Companies Register for Brazil Pre-salt Auction

May 11, 2018

A record 16 oil companies, including heavyweights like Royal Dutch Shell Plc, have registered to participate in the so-called fourth round of bidding for stakes in Brazil's coveted pre-salt layer, oil regulator ANP said on Thursday. American firms Chevron Corp and Exxon Mobil Corp…


Croatia Acts to Cut Red Tape for FSRU Terminal Project

May 10, 2018

The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic. The floating terminal is expected to start operations in 2020. The European…


Petrojarl I FPSO Begins Working its 10th Field

May 10, 2018

Teekay’s three-decades-old floating production, storage and offloading (FPSO) Petrojarl I has achieved first oil and commenced its five-year charter contract with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) on the Atlanta oilfield…


Aker to explore options for Aker Energy after Ghana plan filing

May 9, 2018

Norwegian investment firm Aker will consider options for its stake in oil startup Aker Energy after the unit has appraised its offshore field in Ghana and submitted a development plan for the site to the Ghanaian government. Aker Energy bought…

Argentina Offshore Auction Attracting Oil Producers

May 9, 2018

International oil firms including Norway's Statoil, U.S. Anadarko Petroleum, China's CNOOC and Malaysia's Petronas have shown interest in Argentina's auction this year of offshore blocks for exploration and production, the country's energy minister said on Wednesday.

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Norway Launches New Licensing Round in Mature Offshore Areas

May 9, 2018

Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil ministry said on Wednesday. Areas in the North Sea, the Norwegian Sea and the Barents Sea will be offered to oil companies…


Sanctions spell the end of OPEC output deal

May 9, 2018

President Donald Trump’s decision to withdraw from the nuclear agreement with Iran marks the end of the current output agreement between OPEC and its allies. OPEC is likely to insist the current agreement remains in effect, at least for now…


Asset Sales Help Boost Petrobras Q1 Profit

May 8, 2018

Brazil's state-controlled oil company Petróleo Brasileiro SA reported a 56.5 percent rise in net profit in the first quarter, helped by asset sales, a filing showed on Tuesday. Petrobras, as the company is known, posted a net profit of 6.961…

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Shell Awards Deepwater Installation Contract in GOM

May 8, 2018

In another sign that activity in the moribund offshore sector is starting to loosen, Jumbo said that it has won the installation contract for the Shell deep-water Vito development in the US Gulf of Mexico. The Vito development is located in the Mississippi Canyon…


Jumbo Completes Work on Bangladesh FLNG Terminal

May 4, 2018

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project, which is seeing a floating liquefied natural gas (LNG) import terminal developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the…

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India's First FSRU Based LNG Terminal Launched

May 3, 2018

H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra. The Jaigarh Port is owned & operated by…

Flintstone Secures Contract for Tullow FPSO

May 2, 2018

Flintstone Technology Ltd said it has secured a contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa. The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production…

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MISC awards BV contract for Veristar AIM3D

May 1, 2018

Bureau Veritas (BV) has been awarded a contract by MISC Berhad (MISC) to deploy and support the VeristarAIM3D ‘software as a solution’ system to provide asset integrity services on selected MISC FPS systems:the Floating Storage & Offloading (FSO) vessel -FSO Benchama 2and the Floating Production…

Chevron to Idle Gorgon LNG Unit in May

April 30, 2018

Chevron will idle the second production unit at its Gorgon liquefied natural gas (LNG) project in May to carry out modifications already implemented at the other two units, a senior executive said. Pat Yarrington, Chevron's vice president and chief financial officer…

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Heavy Lift: Boka Vanguard to Ship 90,000-ton FPSO

April 30, 2018

Boskalis' mega lift ship Boka Vanguard -- the world's largest semi-submersible heavy lift vessel -- is preparing to load a truly enormous cargo: a 90,000-ton floating production, storage and offloading (FPSO) platform. The FPSO is equivalent to the weight of approximately 300 Boeing 747s…

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Petrobras Seeks Partnerships

April 30, 2018

Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil. Petrobras intends to sell 60% of its equity interest in each of these new companies .

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BP Names Former Statoil Boss Lund as Next Chairman

April 27, 2018

BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010. Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell…

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Changes in Statoil's Top Deck

April 27, 2018

Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect the company's increased focus on Brazil. Statoil's Brazilian operations will become a separate business unit headed by Margareth Oevrum…

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