Offshore FPSO News


Maersk Supply Service Wins UK Job

2 hours ago

Maersk's offshore services arm has been awarded a contract to provide towing and mooring installation work for an unnamed floating production, storage and offloading unit (FPSO) in the North Sea.The work scope includes project management, engineering…

Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

NOV Wins Balder Pipe Work

Nov 19, 2019

Oilfield services firm NOV said it will provide more than 90 kilometers of flexible pipe systems for the Balder field in the Norwegian North Sea.NOV Flexibles, part of Subsea Production Systems within NOV's Completion & Production Solutions segment…

Jadestone Buys Operating Stake in Maari

Nov 18, 2019

Independent oil and gas producer Jadestone Energy announced it has entered a deal with OMV to acquire its 69% operational stake in the shallow water Maari project offshore New Zealand for $50 million.The Maari Project is a mid-life producing asset located in permit PMP 38160…

SBM Offshore Lifts Guidance

Nov 14, 2019

Dutch oil and gas services firm SBM Offshore on Thursday raised its full-year core profit and revenue outlook on better-than-expected performance in its turnkey division.For 2019, SBM Offshore now expects earnings before interest, tax, depreciation…

Japanese Firms in Brazilian FPSO Gig

Nov 12, 2019

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O…

BMT Delivers Real Time Monitoring for Helang FPSO

Nov 11, 2019

BMT has delivered a Mooring Line Monitoring (MLM) system to London Marine Consultants (LMC) for the Helang floating production,s storage and offloading unit (FPSO) project on the JX Nippon-operated Layang gas/condensate field offshore Sarawak…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

SBM Wins Guyana FPSO Contract from Exxon

Nov 07, 2019

SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

Total to Sell Stake in Nigerian Offshore Block

Nov 06, 2019

Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…

Five-year Floater Forecast Buoyant: Report

Nov 05, 2019

Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher…

As Majors Eye Brazil's Deepwater, Smaller Firms Seize Opportunity

Oct 31, 2019

As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude…

MODEC Wins Barossa FPSO Contract

Oct 30, 2019

Partners in the Barossa project have taken another step toward a final investment decision (FID) with the awarding of the contract for the floating production, storage and offloading (FPSO) facility to MODEC International Inc., project partner Santos announced on Tuesday…

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Maersk Supply Service Wins UK Job

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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