Stories

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Maersk Wins FPSO Mooring Work

April 25, 2019

Maersk Supply Service said it has been selected to deliver an integrated floating production storage and offloading (FPSO) mooring installation and replacement solution for an American oil major in the Gulf of Guinea. The offshore services company…

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Petrobras to Record $326 Mln Writedown Due to Rig Dispute

April 25, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA will record a 1.3 billion-real ($326 million) provision in its first-quarter results due to an ongoing dispute with a bankrupt rig lessor, it said on Thursday. In a securities filing, Petrobras…

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Bumi Armada Refinances Debts, Plans Vessels Sale

April 25, 2019

Malaysia's offshore energy vessels and services provider Bumi Armada has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels. In a statement today, the offshore energy facilities and services…

Floating Production Systems Report And Online Database

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Eni Q1 Profit Misses Forecast

April 24, 2019

Italian energy group Eni stuck to its production growth targets for the year on Wednesday, as it reported profits for the first quarter coming in below market expectations. Adjusted net profit in the quarter rose 4 percent to 992 million euros ($1.1 billion)…

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Sonangol Plans to Downsize

April 22, 2019

Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday. "We are going to sell…

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Black & Veatch Proceeds with FLNG Conversion

April 22, 2019

Black & Veatch, the provider of floating liquefied natural gas (FLNG) topside solutions, announced that it has received a full notice to proceed from Grand Tortue Ahmeyim (GTA) project for operator BP. The full notice to proceed (FNTP), following a limited notice in December 2018…

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Keppel Bags $118mln Upgrading Contracts

April 18, 2019

Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel Shipyard Ltd (Keppel Shipyard) and Keppel FELS Limited (Keppel FELS), secured integration and upgrading contracts worth a combined value of about S$160mln (USD 118mln).

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DNV GL Extends Contract for Dana Petroleum

April 16, 2019

DNV GL has secured a three-year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS). DNV GL has worked with Dana Petroleum since 2012 with the development of the Western Isles floating production storage and offloading (FPSO) vessel.

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SubseaPartner Wins Work at Goliat

April 15, 2019

Norwegian services company SubseaPartner said it has secured a contract from Vår Energi, to provide dive support at its operated Goliat field in the Barents Sea. The engineering and installation project work scope incorporates a 24 hours air diving operation on the Goliat floating production…

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Brazil Transfer-of-rights Area: What's Next?

April 11, 2019

Brazil's government and state-controlled oil company Petroleo Brasileiro SA have settled a long-running dispute about one of the world's most promising offshore oil areas, clearing the way for a blockbuster auction later this year. The national…

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Brazil Government to Pay Petrobras $9 Bln

April 10, 2019

The Brazilian government reached a landmark deal to pay state-controlled oil company Petróleo Brasileiro SA $9.058 billion for revising a transfer-of-rights oil contract, Energy Minister Bento Albuquerque said on Tuesday. Albuquerque told reporters…

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Swiss, Brazil Try to Unravel Petrobras Affair

April 9, 2019

Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. Switzerland…

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TechnipFMC Wins Subsea Contract off Brazil

April 9, 2019

TechnipFMC said on Tuesday it has secured a contract to supply flexible pipes for oil production, gas lift and gas injection as well as associated accessories for the Lapa field, located in the pre-salt Santos Basin, under the BM-S-9A concession, at 2,150 meters of water depth offshore Brazil.

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Eni Slander Probe Could Prompt Management Changes

April 5, 2019

Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major. Eni and its Anglo…

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FPSO Allan to Get Anchoring Upgrade

April 4, 2019

The Yinson floating production, storage and offloading unit (FPSO) Allan will receive an anchoring system upgrade prior to deployment at the Anyala and Madu fields within leases 83 and 85 offshore Nigeria later this year. Norwegian FPSO systems…

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Malaysia's 2nd FLNG May be Ready by Q1 2020

April 2, 2019

State-owned Petroliam Nasional Bhd, or Petronas, expects to have its second floating liquefied natural gas (LNG) facility in Malaysia ready by the first quarter of next year, its chief executive, Wan Zulkiflee, told the LNG2019 conference in Shanghai on Tuesday.

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SBM Offshore to Challenge $2.2 Mln Fine

March 29, 2019

SBM Offshore, a Dutch provider of floating production, storage and offloading units (FPSO), said on Friday it opposes financial regulators's claims that it withheld certain price-sensitive information between 2012 and 2014 related to an internal…

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Orinduik Partners to Drill 2nd Well Off Guyana

March 29, 2019

Partners Tullow Oil, Total and Eco Atlantic have chosen the Joe prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday. Eco earlier this month increased the estimate for the field to about 3.9 billion barrels of oil equivalent…

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Trump Calls for OPEC to Boost Production

March 28, 2019

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity. "Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high.

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Brazil, Petrobras Paving Way for Giant Tender

March 26, 2019

Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday.

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InterMoor Wins Jadestone Contract

March 25, 2019

Mooring solutions provider InterMoor said it has been contracted by Jadestone Energy to carry out a feasibility study for a permanent spread mooring system for a floating production storage and offloading unit (FPSO) at Nam Du field located in block 46/07, offshore Vietnam.

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