Shell to Invest $2 Bln per Year in Brazil through 2020

September 14, 2017

The Brazilian unit of Royal Dutch Shell PLC will invest $2 billion per year in the country through 2020, Flávio Rodrigues, director of government relations and regulatory affairs, said at an industry event on Thursday. (Reporting by Alex Alper; Writing by Ana Mano)


ABS Awards AIP for HHI FLNG Hull Design

September 12, 2017

ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. ABS and HHI collaborated with the objective of developing a technically feasible and class compliant FLNG hull design…

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DESMI Ocean Guard A/S Launches New BWMS

September 11, 2017

DESMI Ocean Guard A/S launched a new Ballast Water Management System – CompactClean. According to the manufacturer, the name reflects that this system sets a new standard for how small the footprint of a BWMS can get. At the same time, the system…

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BP’s Glen Lyon FPSO Classed by DNV GL

September 8, 2017

DNV GL said it has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. Glen Lyon is a purpose-built FPSO expected to produce 130,000 barrels of oil a day at peak production. The…


Sulzer Acquires License for Total’s Wash Tank Technology

September 5, 2017

Sulzer’s Chemtech division has been granted a license covering the Total-patented Wash Tank Technology for Oil Processing. The main purpose of this technology is to enhance the removal of water, salt and contaminants from oil and emulsions,…

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Framo to Deliver Pump Systems to GasLog

August 30, 2017

Norway's Framo AS said it has won a contract to deliver pump systems (sea water lift pumps) for a Floating Storage Regasification Unit (FSRU) for the ship owner GasLog at the Samsung Heavy Industries shipyard. Delivery of the systems is scheduled for August 2018.

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N-Sea Begins Work in Cameroonian Offshore Market

August 29, 2017

Subsea services provider N-Sea said it has begun work in the Cameroonian offshore market, via a contract win with Dutch offshore lifting and transportation company Jumbo Offshore. With phase one completed in mid-July, the project takes place off the shores of Cameroon’s South Province…

FPSO BW Catcher Sails for the North Sea

August 29, 2017

BW Offshore’s Floating, Production, Storage and Offloading vessel (FPSO) BW Catcher has left deep water anchorage off the Keppel Shipyard in Singapore and is currently in transit on a 45-day journey to the Catcher field in the central North Sea where it will go to work for Premier Oil.


OSM Officially On Board Statoil’s Peregrino

August 29, 2017

Efforts in Brazil are reinforced for OSM with more than 90 specialized offshore positions officially on board the Peregrino. “OSM Brazil have successfully mobilized our crew on board the FPSO Peregrino,” says Tommy Olofsen, Managing Director of OSM Crew Management.

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Trelleborg Suite Supplied to Prelude FLNG

August 29, 2017

Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel…

Brazil Needs 17 New Platforms

August 25, 2017

Brazil needs 17 additional platforms to boost oil output by 2 million barrels per day in 2027, Decio Oddone, the chief of Brazil's oil regulator ANP, said on Friday. (Reporting by Rodrigo Viga)

Oil Firms Pre-register for Brazil's Upcoming Pre-salt Auctions

August 24, 2017

Nearly a dozen oil companies have filled out initial forms for two upcoming oil exploration rights auctions in Brazil's pre-salt area, a government official said on Thursday, underscoring growing interest in one of the world's most promising oil discoveries in decades.

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Prelude FLNG Enters into Lloyd’s Register Class

August 23, 2017

Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd's Register (LR) class. At 488 meters long, 74 meters wide and displacing about 600,000 tonnes of water, Prelude is the largest floating offshore facility in the world.

Former CEO of Brazil's Petrobras Charged with Corruption

August 22, 2017

Brazilian prosecutors on Tuesday charged the former chief executive officer of state-controlled oil company Petroleo Brasileiro with corruption, alleging he used his position to take bribes from construction firm Odebrecht. Aldemir Bendine served as CEO of Petrobras…

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Total Overtakes Shell in North Sea Production

August 22, 2017

Majors still control three quarter of output; even after $10 bln of deals, private equity still plays only modest role. French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North Sea with…

Chevron CEO John Watson to Step Down

August 22, 2017

Chevron Corp Chief Executive John Watson is stepping down from his post atop the nation's second-largest oil company, according to a report from the Wall Street Journal. A successor for Watson, 60, who has been the company's chairman and chief executive since 2010…

Gunvor Awarded Fortuna FLNG Offtake

August 21, 2017

The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project.

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Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1

August 18, 2017

On the August 18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28…

Brazil Extends Oil Industry 'Perks' Through 2040

August 18, 2017

Brazil on Friday extended through 2040 a preferential customs regime for the oil and gas industry called Repetro, which was set to expire in 2019, as it seeks to entice investment ahead of key auctions later this year. The move was accompanied…


Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition

August 17, 2017

Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition…

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Shifting Oil Market Dynamics Key to Tanker Trade Prospects -MSI

August 16, 2017

The Q3 2017 tanker market is proving vexatious for owners still struggling with the effects of fleet oversupply. But in its latest monthly forecast, Maritime Strategies International (MSI) observes that changing trade patterns could help stabilize the market toward year-end and into 2018.

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