Final Investment Decisions News

 

Dussafu reaches FID off Gabon

Jul 18, 2017

BW Offshore and Panoro Energy have agreed on a final investment decision (FID) for the Dussafu project offshore Gabon, with first oil set for next year.  Map of Dussafu, from Panoro. Panoro…

Maersk inks Tyra redevelopment deal

Mar 22, 2017

Maersk Oil reached an agreement with the government of Denmark that will see a full redevelopment plan for the Tyra project in the Danish North Sea. Tyra East. Image from Maersk Oil. The…

Pil & Bue FID set for year-end

Feb 17, 2017

VNG Norge is targeting a final investment decision on its Pil and Bue development in the Norwegian Sea by the end of this year. Map of Pil & Bue, from VNG. Pil and Bue ('arrow'…

300 MMbbl Lancaster estimate was "conservative"

Feb 07, 2017

Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative.  The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets…

ABB inks Castberg safety, automation gig

Feb 06, 2017

ABB has signed a project specific agreement for the safety and automation system with Statoil for the Johan Castberg offshore oil field development. Statoil has issued the first call-off from the agreement covering front-end engineering and design (FEED)…

DONG dives into first Taiwan offshore wind

Jan 27, 2017

DONG Energy has signed an agreement to acquire a 35% ownership interest in Taiwan's first commercial offshore wind farm from local developer Swancor Renewable. Formosa I comprises two phases. Phase I has a total capacity of 8MW and consists…

Exxon picks SBM for Liza FPSO deal

Dec 20, 2016

ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID)…

Leviathan partners secure funding

Nov 28, 2016

Partners in the Leviathan field offshore Israel have secured US$1.5-1.75 billion funding towards the field development project. Delek Drilling and Avner Oil Exploration secured the cash from HSBC Bank and J.P. Morgan. It will be released in tranches…

Schlumberger, Ophir, Golar to develop Fortuna LNG

Nov 10, 2016

Ophir Energy, Golar LNG and oilfield services giant Schlumberger have agreed to form a joint operating company to develop the Fortuna field, offshore Equatorial Guinea, Africa. The project will use Golar's floating LNG technology and…

DONG makes Hornsea FID

Feb 03, 2016

Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…

Woodside's Browse FLNG enters FEED

Jul 01, 2015

After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into the FEED phase for its long-struggling Browse LNG mega project. The…

DONG building UK offshore wind farm

Dec 19, 2014

DONG Energy is constructing the offshore wind farm Burbo Bank Extension located 8km off the United Kingdom coast in Liverpool Bay. Image of DONG's Barrow Offshore Wind Farm. From DONG.    Burbo…

Dudgeon given go-ahead

Jul 01, 2014

Statoil and Statkraft have given the final investment decision for the Dudgeon offshore wind farm off the coast of Norfolk, UK. The project aims for full production in late 2017. When completed, Dudgeon will provide renewable energy for up to 410…

Petronas to decide on investing in FLNG for 2H 2013

Jul 25, 2013

Malaysia's national oil and gas company Petroliam Nasional Bhd (Petronas) projected to make a final investment decision on a floating liquefied natural gas (FLNG) project for the Rotan field in Block H, offshore Sabah, in 2H 2013. The Malaysian Business Times reports that once sanctioned…

Chevron to build new downtown Houston office

Jul 03, 2013

Chevron U.S.A. Inc. to construct an office building in downtown Houston to accommodate its business growth and expanding workforce in the world’s energy capital. The 50-story, 1.7 million-square-foot building will be located at 1600 Louisiana Street at Pease…

Current News

Women in Maritime Day: Shaping the Future of Maritime Safety

Women in Maritime Day: Shaping

New Dutch Coalition Aims for More Offshore Gas Extraction

New Dutch Coalition Aims for M

Iberdrola to Triple Offshore Wind Assets

Iberdrola to Triple Offshore W

ABS Wavesight eLog Books for Offshore Drilling

ABS Wavesight eLog Books for O

Subscribe for OE Digital E‑News

Offshore Engineer Magazine