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Kongsberg to Supply FPSO Safety System

August 28, 2014

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime, will deliver an Integrated Control and Safety System for the new BW Offshore Catcher FPSO.

BW Offshore Completes $800m Bank Loan

August 5, 2014

BW Offshore has signed the facility documentation for the new $800 million 10-year senior secured credit facility for the Catcher FPSO project.e facility is a combined construction and long term financing facility. The credit facility was substantially…

BW Offshore to Fully Own FPSO Petroleo Nautipa

July 24, 2014

Following to BW Offshore's announcement of 9 July 2014, BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO…

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Norwegian Seminar to Focus on Financing, Procurement

March 17, 2014

The challenges of managing efficient procurement  processes and getting the right funding in the shipping and offshore sectors is the topic for a major half day conference in Singapore later this month. Coinciding with the Asia Pacific Maritime (APM) event on March 20…

Floating Production Inventory Continues to Grow

March 17, 2014

The number of floating production systems continues to grow;  349 floating production units are now in service, on order or off-field/being remarketed. This inventory is 5% higher than a year ago, 27% higher than five years ago. Current Inventory: Of the total…

BW Offshore: VLCC Acquired for Future Projects

January 3, 2014

BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has…

BW Offshore Acquires VLCC from DSME

January 2, 2014

BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed…

Drydocks World Send Off First Shell Prelude Turret Module

September 26, 2013

The first module, the bogie support structure, standing 22 metres high, with a diameter of 30 metres and weighing 1300 tonnes will be transported to Korea to integrate with the Prelude FLNG vessel. Other modules will soon follow. The Prelude…

Brazil FPSO Shifts to Field Location

August 25, 2013

The P-63 platform-vessel, with the capacity to process 140,000 barrels of oil per day and to compress one million cu.m of gas per day, has been towed  from a temporary location in Ilha de Santana, in Macaé (RJ) to the Papa-Terra field in the post-salt Campos Basin.

BW Offshore Extend FPSO Nigerian Contracts

April 8, 2013

BW Offshore has agreed an extension for their FPSO's 'Abo' and ''. The extension for Abo is with Nigerian Agip Exploration Ltd of nine months. and for Sendje Berge with Addax Petroleum Exploration Ltd of three months. These extensions have been…

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