Floating Production News


First Oil failure changes Kraken stakes

Feb 22, 2016

The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development.  First Oil had held 15% interest in the Kraken field in the UK North Sea…

Vessel owners suffer

Feb 19, 2016

Owners of significant floating assets are continuing to feel the pinch in the offshore market as rates sink to “unsustainable levels.”  Floating production specialist BW Offshore says it is cutting its onshore staff by 35%, while Norwegian…

Turret bearing concern on Jubilee FPSO

Feb 18, 2016

Tullow Oil is reducing how much its Jubilee floating production, storage and offloading (FPSO) vessel can rotate after discovering an issue with the vessel's turret bearing.  The Kwame Nkrumah FPSO vessel, which started production from the field…

Hisbiscus nears North Sea operatorship

Feb 17, 2016

Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster.  It will be the firm's first producing asset…

Höegh LNG to drop LNG

Feb 16, 2016

Norway-based floating LNG specialist Höegh LNG says it will not engage in further new floating LNG (FLNG) developments, but focus on floating storage, and regasification units (FRSUs). The firm plans to have a fleet of 12 FRSUs by 2019…

Nexans cables up Egina

Feb 15, 2016

French cables firm Nexans has been selected to supply the cabling for Total's deep water Egina floating production, storage and offloading (FPSO) vessel.   The vessel is being built by Samsung Heavy Industries under a Euro 2.8 billion turnkey contract - its largest FPSO contract to date…

Forsys inks Trestakk tieback

Feb 15, 2016

Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A floating production…

Eni gets Goliat orders from PSA

Feb 11, 2016

During the period of 5-7 January 2016, the Petroleum Safety Authority (PSA) Norway conducted an audit on ENI Norge's facility Goliat FPSO. The audit was conducted as a follow-up to an audit carried out in June 2015 linked to logistics on Goliat…

BW closer to recovering FPSO damaged in fire

Feb 08, 2016

BW Offshore is a step closer to recovering the Cidade de São Mateus floating production vessel to shore for repairs more than a year after it was damaged in a fire.  The fire, on 11 February 2015, offshore Brazil, saw nine of the 74 crew die and 26 require medical attention…

HHI, DHIC, CCEI sign equipment localization MOU

Feb 04, 2016

To collaborate on the localization of main equipment and materials for offshore plants, Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with Doosan Heavy Industries and Construction (DHIC) and Center for Creative Economy and Innovation (CCEI) in Ulsan and Gyeongnam…

Panoro Energy FPSO embarks for Aje field

Feb 04, 2016

Panoro Energy announced that the final works on the floating production, storage and offloading (FPSO) vessel, for the Aje field operations, have been completed. The vessel has left Singapore and is expected to arrive in Nigeria mid-March 2016…

Ichthys LNG one step closer

Feb 01, 2016

Audrey Raj speaks to Japanese gas giant INPEX about its US$34 billion Ichthys LNG development and the key components that make up the offshore production facilities of the project. The monoethylene…

GE Oil & Gas, SBM ink FPSO agreement

Feb 01, 2016

GE Oil & Gas and SBM Offshore have agreed to what they are calling the first ever global maintenance agreement for an entire fleet of floating production, storage and offloading (FPSO) vessels. Under the agreement, GE Oil & Gas will provide spare parts…

Video: TEN FPSO sailaway

Feb 01, 2016

The floating production, storage and offloading (FPSO) vessel, Prof. John Evans Atta Mills set sail from Singapore on 23 January.  The vessel is sailing to Ghana, where it will produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields…

Every barrel (now) matters

Feb 01, 2016

A relentless focus is required to maintain and optimize production on often aging North Sea assets. Elaine Maslin reports. Wintershall’s Brage platform. Photos from Wintershall.  Optimizing…

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