Brazilian oil company Petrobras' management approved on Thursday the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway's BW Energy Ltd.The sale is part of Petrobras' strategy to divest assets and focus on more profitable operations…
Teekay's Sevan Hummingbird FPSO is set to leave Spirit Energy's Chestnut oil field in the North Sea after 13 years of oil production at the site.According to notice to mariners issued by Teekay on Thursday, the FPSO is currently being disconnected from its moorings…
Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022…
As the demand for floating production systems grows, so too will the need for modern offshore support vessel (OSV) tonnage.Related: Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil…
Oilfield services company Petrofac said Tuesday it has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC).The five-year contract, which has an option to extend, starts in June. Under the deal, Petrofac…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…
The head of Lebanon's Hezbollah said on Thursday that his group could stop Israel from extracting gas from a maritime field that Beirut says lies in disputed waters, adding Hezbollah is 'not afraid of war.'Lebanon warned Israel on Sunday against…
Equinor has made an oil and gas discovery Skavl Stø, an exploration well 7220/8-3, in the Johan Castberg area.The well was drilled five kilometers south-southeast of the discovery well 7220/8-1 210 kilometers northwest of Hammerfest in the production licence 532…
Perenco Trinidad & Tobago said this week it had held the ground-breaking ceremony for the 'Macarius Power,' , the first platform to be installed in the Teak, Samaan & Poui (TSP) fields since the 1980s.Perenco T&T and its local partners launched…
UK North Sea-focused oil and gas company Tailwind said earlier this week that successful well intervention had been completed at the Dana-operated Bittern Field.The Bittern field produces oil via the Triton FPSO, located in block 21/30, approximately 120 miles east of Aberdeen…
Malaysian FPSO provider Yinson, with its project partner Sumitomo Corporation named the new FPSO Anna Nery, during a naming ceremony held concurrently in Jiangsu, China and Kuala Lumpur, Malaysia. The FPSO Anna Nery is currently undergoing final…
A group of Indigenous Australians has filed a lawsuit seeking to stop Santos Ltd from developing a $3.6 billion gas project off northern Australia, saying they were not consulted about the drilling.Traditional land owners from the Tiwi Islands…
Lebanon warned Israel on Sunday against any 'aggressive action' in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel.President Michel Aoun said any activity in the…