Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
Dubai's shipbuilding and shiprepair company Drydocks World and Norwegian offshore engineering and construction firm Aker Solutions have established a joint venture to upgrade the Petrojarl Knarr FPSO for Equinor's Rosebank offshore oil and gas field in the UK…
Four Greenpeace activists on Tuesday boarded the heavy transportation vessel carrying Shell's Penguins FPSO aboard, calling on the oil major to 'Stop Drilling. Start Paying.'Six Greenpeace International activists attempted, and four managed…
Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a 'mega' floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering…
Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said…
U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…
TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday.The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips…
The FPSO built for the BP-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has set sail towards the project site off the coasts of Mauritania and Senegal.The FPSO departed the Cosco shipyard in Qidong, China, on Friday…
A floating terminal to import liquefied natural gas (LNG) arrived in the port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Germany rushes to diversify away from former top supplier Russia.The Hoegh Gannet floating…
IMA/WER has just completed its Annual Review and Five-Year Forecast of Orders for Floating Production Systems. The report:•provides a detailed look back at developments in the deepwater sector over the past year,•assesses 12 underlying market…
Indonesia's oil and gas lifting last year came in below target due to unplanned shutdowns and maturing blocks, but exploration and production investment is poised to take off, the country's upstream regulator SKK Migas said on Wednesday.Indonesia's crude oil lifting stood at 612…
Houlder, the design and engineering consultancy, is collaborating with Blue Sea Power, an integrated energy solution provider as a gas-to-power company based in Athens, to develop three innovative floating LNG-to-power barges (FSRPs).According to the partners…
Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American…
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts…
Brazilian oil firm Petrobras said that the Guanabara FPSO installed in the Mero field, in the Santos Basin pre-salt, had reached its maximum production capacity, with the mark of 180 thousand barrels of oil per day (bpd). The milestone was reached about eight months after the unit started operating…