Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited. The agreement, which has been held by Petrofac since 2014, commenced on September 30…
When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge Helene bound for the Far East, the odds seemed to be stacked against them…
Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday.The settlement with U…
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December…
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…
U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday.The sale of its 40 percent stake in the Rosebank project would mark Chevron's complete…
Shell has reach final investment decision on its Penguins fields redevelopment in what will be its first new manned installation in the northern North Sea in almost 30 years. The project will see a newbuild floating production, storage…
Elaine Maslin looks at some of the ongoing and proposed FLNG projects around the globe (First published in the December 2017 OE, access the full issue here). West Africa has seen a good amount of floating LNG project activity this year with three developments underway…
Christmas came early for Premier Oil and its Catcher development partners. First oil was achieved from the field's FPSO today (23 December), according to FPSO owner and operator BW Offshore. BW Catcher FPSO…
The performance of the world’s first floating LNG projects, which are moving from execute to operate, will form the shape of the industry to come. Elaine Maslin reports (First published in the December 2017 OE, access the full issue here)…
Turret specialist SBM Offshore has contracted Dubai based Drydocks World to construct the turret mooring system for Statoil’s Johan Castberg floating production storage and offloading (FPSO) vessel. The Johan Castberg FPSO will be permanently…
Teekay's Petrojarl I floating production, storage and offloading (FPSO) vessel has sailed away from Aibel's shipyard in Norway. The TenTech 685-design vessel, which was the North Sea's first FPSO when it was delivered in 1986 by NKK in Japan…
UK fractured basement explorer Hurricane Energy has contracted floating production and subsea engineering firm Crondall Energy to provide engineering support during the early production system (EPS) project on the Lancaster field, West of Shetland…
The Libra consortium, led by Petrobras, has chosen Modec to charter a floating production storage and offloading unit (FPSO), the first definitive production system of Mero field, which will be used in the Mero Pilot project (formerly Libra Northwest)…
Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian Continental Shelf. Aker BP is planning to develop Valhall Flank West…