Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
Energean Oil & Gas is planning to develop the Israeli Tanin and Karish gas and condensate fields using a floating production solution, the firm announced in a press conference today. Energean says it will submit a formal field development plan (FDP) for both fields…
The first signs of growth in the oil and gas industry can be seen, says analyst Wood Mackenzie. The firm's forecast shows a double growth in the number of final investment decisions in 2017, compared to 2016. According to Wood Mackenzie's global upstream outlook for 2017…
Samsung Heavy Industries (SHI) has won the first offshore drilling project for Korean shipbuilders in 18 months, with an order for BP's Mad Dog II project in the US Gulf of Mexico. The US$1.27 billion order is for a floating production unit (FPU) weighing 58…
BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary Nigerian Agip Exploration. The unit, moored off Nigeria on the Abo field, will continue working for Eni until 20 January 2017…
The past year has undoubtedly been one of the toughest for the oil and gas industry in recent memory. As we enter 2017, we consider three key themes that could shape the industry over the year ahead. A North America-led oilfield services…
Audrey Leon speaks with Lloyd’s Register about a new cloud-based software aimed at optimizing maintenance programs and reducing operational expenditures by up to 40%. Image from iStock. Managing…
Norway’s Petroleum Safety Authority (PSA) has unveiled a number of failings, following an audit of Shell's management of the integrity of flexible risers, transfer lines and associated safety equipment on Knarr floating production and storage offloading (FPSO) unit…
ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID)…
Brazilian giant Petróleo Brasileiro (Petrobras) started production at the Lapa field, in the Santos basin pre-salt layer offshore Brazil. Image of the Cidade de Caraguatatuba, from Sofec. Petrobras…
Technip has been awarded an engineering and project management services contract by Shell Australia. The contract will provide multi-disciplinary engineering and design services in support of the Prelude FLNG project, and will allow the…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
2016 has been a year of challenges for the oil and gas industry. Audrey Leon surveys some of the year’s notable starts. Shell’s Stones project came online in September 2016, using the Gulf of Mexico’s second ever FPSO…
Seeking additional gains from subsea wells on a tight budget has paved the way for the implementation of a new technology to the market. Elaine Maslin reports. Helix’s Compensated Coiled Tubing Lift Frame in its operational position…
Work to repair five separate areas on board floating production unit FPF-003, operated by Petrofac South East Asia Pte, using SPS has been completed on-station in the Mubdala, Jasmine oil field, off the coast of Thailand. The repair work on this ABS classed vessel…