Swedish exploration and production firm Lundin Petroleum is to sell the floating production vessel Bertam to Malaysian state-backed M3nergy for US$265 million. The deal, expected to complete in Q1, is subject to certain completion conditions…
Eni is a step closer to starting production on the Barents Sea Goliat field in coming weeks following consent to use the Goliat floating production, storage and offloading (FPSO) facility from Norway's Petroleum Safety Authority (PSA). The…
Trelleborg Sealing Solutions has opened a dedicated climate-controlled swivel stack seal inspection facility for the validation of custom seals for floating production storage and offloading (FPSO) operators. The facility, located in Barendrecht…
Statoil is to move ahead with its delayed Johan Castberg oil field in the Barents Sea after cutting estimated development costs by half. The firm is now planning a floating production, storage and offloading vessel for the development…
Wood Group has secured a three-year contract with Shell Australia's Prelude, floating liquefied natural gas (FLNG) project. Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG…
The United Arab Emirates (UAE)'s chances for taking on some of the world’s future floating production and storage offloading (FPSO) vessel construction are diminishing as the global market looks set to stall for at least five years, with local demand for floating facilities little better…
Tullow Oil's TEN project is now 80% complete, with first oil scheduled for between July and August this year, the firm said this morning. Sailaway of the TEN FPSO from Singapore to Ghana is expected late January, with arrival in Ghana in early March…
The first major contract on Premier Oil’s Sea Lion field offshore the Falkland Islands has been awarded following completion of pre-front end engineering and design (FEED) on the project. Netherlands headquartered floating production…
First production from the Greater Stella Area development in the UK North Sea has been set back once again. Sail-away of the FPF-1 floating production facility is expected to be delayed by six-12 weeks due to slippage in completion of…
Det norske oljeselskap has received consent from the Norwegian Petroleum Safety Authority to use the Transocean Winner mobile drilling facility for production drilling and completion on the Volund field. Transocean Winner is a semi-submersible facility of the GVA 4000 type…
POSH Terasea secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (FLNG) platform. As part of the project, POSH Terasea will tow the Shell Prelude FLNG over 3000nm from Samsung Shipyard in Geoje…
A floating production vessel working on CNR International Banff field has become the latest victim to bad weather in the UK. The Teekay-owned Petrojarl Banff unit, based some 190km east of Aberdeen, saw two of its 10 achor lines 'lose tension' at around midnight on 3 January…
Cathelco has won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore. The FPSO Cidade de Campos…
Louisiana-based LLOG Exploration’s Delta House floating production system (FPS) achieved its nameplate oil capacity of 80,000 b/d in the Gulf of Mexico during the last days of 2015. Image of Delta House…
Innovate, collaborate, standardize; lead with lean. One could argue that the future of the global offshore E&P business, particularly deepwater development, is ours to create. Confronted…