Offshore FPSO News


Aker BP Starts Production from North Sea Oil Field

Mar 14, 2023

Norwegian oil company Aker BP has started production from the Frosk field development in the  Alvheim area, offshore Norway.The Frosk field is tied back to Alvheim FPSO in the North Sea via existing subsea infrastructure. The field, discovered in 2019, is located around 25 kilometers southwest of the Alvheim FPSO. Aker BP is the operator of the field. Vår Energi is its partner.'The Frosk project has been delivered within the initial investment estimate of around NOK 2 billion (appr…

Jadestone Energy's Montara Field Offshore Australia to Resume Production Soon

Mar 16, 2023

Asia-pacific focused oil and gas company Jadestone Energy expects to resume production from its Montara field offshore W. Australia in approximately one week.The company shut down production from the Montara Venture FPSO in 2022, first to allow…

BW Offshore Wraps Sale of BW Opportunity FPSO

Mar 15, 2023

BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party.The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer…

NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP

Mar 10, 2023

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands…

Eight Years After Deadly Explosion Offshore Brazil, BW Offshore Finds Buyer for Laid-up FPSO

Mar 10, 2023

Oslo-listed FPSO provider BW Offshore has agreed to sell the laid-up FPSO BW Opportunity to an undisclosed third party for $125 million. BW Offshore said Friday that the sale was subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023…

Yinson Partners with AVEVA to Develop Fully Autonomous FPSOs

Mar 09, 2023

Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop 'fully autonomous and sustainable' Floating Production Storage and Offloading (FPSO) solutions.'AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets…

Rystad: Offshore Oil & Gas is Back

Mar 07, 2023

The offshore oil and gas sector is back and is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up, the Norwegian energy industry intelligence firm Rystad said in a report Tuesday…

Aibel Wins Contract for Completion of Shell's Penguins FPSO

Mar 07, 2023

Norwegian energy industry engineering and construction service firm Aibel has won a contract for tasks related to the completion of Shell’s Penguins floating production, storage, and offloading (FPSO) unit, which recently arrived in Norway.The Penguins FPSO…

Enauta: Atlanta Field Output Hit by Equipment Failure

Mar 03, 2023

Brazilian oil company Enauta said Friday it had temporarily halted the production from the 7-ATL-2HP-RJS well in the Atlanta offshore oil field, in Brazil's Santos Basin.Enauta's preliminary assessments indicate failure in the surface equipment (topside)…

Petro Rio Brings Online MUP5 Well at Frade Field Off Brazil

Mar 02, 2023

The Brazilian oil company Petro Rio on Wednesday announced production start-up for the MUP5 well in the Frade offshore field in Brazil.Petro Rio said that the stabilized initial production of approximately 8,000 barrels of oil per day, above original projections…

Petrojarl I FPSO Back Online in Brazil

Mar 01, 2023

Brazilian oil company Enauta announced the Petrojarl I floating production storage and offloading unit (FPSO) is back online following preventative maintenance.The FPSO, used as an early production system at Enauta's Atlanta field, required a brief period of work on its water-cooling system…

Yinson Bags $5.3B Deal for its First FPSO Project in Angola

Feb 28, 2023

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the  Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”)…

SBM Offshore Forecasts Annual Revenue of Over $2.9 Billion in 2023

Feb 23, 2023

Dutch oil and gas services firm SBM Offshore forecast on Thursday an annual revenue of above $2.9 billion for 2023, bringing its guidance for earnings before interest, taxes, depreciation, and amortization (EBITDA) to above $1 billion.The group…

Brazil: Enauta's FPSO Petrojarl I Undergoing Maintenance

Feb 22, 2023

Brazilian oil company Enauta said Wednesday that the water-cooling system of the FPSO Petrojarl I entered preventive maintenance. The FPSO is used as an early production system at Enauta's Atlanta field.'The maintenance interruption should last until the beginning of the next week…

Guyana to Monitor Offshore Drilling Rigs, Potential Oil Spills from Space

Feb 21, 2023

Maxar Technologies, a provider of space solutions and geospatial intelligence, has secured a three-year contract with the government of Guyana, for the provision of environmental monitoring services for both offshore and terrestrial applications…

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PXGEO Awarded 3D OBN Project in Brazil

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