Singapore's Keppel Offshore & Marine has won contracts for the conversion of a Floating Storage and Regasification Unit (FSRU) and the integration of a Floating Production Storage and Offloading vessel (FPSO). For the first project, Keppel Shipyard…
Brazil's Petrobras said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area.The oil production forecast for next year fell slightly…
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period.A year ago, SBM Offshore said that…
Norwegian oil and gas company Equinor has extended the contract with the engineering and consulting firm Wood for the delivery of maintenance solutions across the Peregrino wellhead platforms (WHP) and FPSO, located offshore Rio de Janeiro, Brazil…
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil.One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO…
Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea.The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base…
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO…
Hurricane Energy, a UK-based oil firm producing oil from the Lancaster offshore field in the UK, has said it has had positive talks over the Aoka Mizu contract extension with owner Bluewater.Hurricane Energy, which started producing from the…
Malaysian FPSO supplier Yinson has signed two letters of intent with Brazilian oil company Petrobras for the charter, operations, and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin…
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture.The Dutch company, which supplies floating oil and gas production vessels…
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…
Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs.The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge…
Oil and gas company Energean expects to bring online its Karish field offshore Israel next year, with the associated FPSO construction nearly complete in Singapore.While Energean said Wednesday the gas production start-up from the Mediterranean Sea gas field „remains on track“ for mid-2022…
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER…