Offshore FPSO News - page 4


PHOTO: First Steel Cut for Bacalhau FPSO Topside

Jun 08, 2021

The first steel cutting ceremony was held last week at the BOMESC yard in China for the topside of an FPSO to be deployed at the Equinor-operated Bacalhau oil field off Brazil.The Bacalhau FPSO will be deployed to develop the first phase of the Bacalhau field in Brazil's pre-salt Santos Basin…

Hurricane Energy Seeks Shorter FPSO Charter to Avoid Business Wind-down

Jun 04, 2021

Hurricane Energy plc, an oil and gas company that produces oil from the Lancaster field off the UK, is facing business wind-down unless it agrees a shorter charter extension for the Aoka Mizu FPSO than originally agreed.The company, which started…

MODEC Confirms Bacalhau FPSO Order

Jun 03, 2021

Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday…

Equinor Adds Two Wells to Valaris' Jack-Up Rig Scope

Jun 03, 2021

Offshore drilling firm Valaris said Wednesday it had won a contract extension for one of its jack-up drilling rigs with Norway-based oil company Equinor.The contract is for the Valaris JU-291 jack-up drilling unit, formerly known as the Rowan Stavanger…

Equinor Sanctions $8B Bacalhau Field Development in Brazil

Jun 01, 2021

Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil.The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects…

BW Offshore Orders Barossa FPSO Topside Modules from Dyna-Mac

May 24, 2021

Dyna-Mac, a Singapore-based firm building modules for offshore oil and gas facilities, has won a module fabrication deal with FPSO supplier BW Offshore.The contract, valued at S$197 million (around $148 million), is for the supply, fabrication…

Some 30 FPSOs Could Go off Hire by 2022 End, Westwood Says

May 19, 2021

The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday.Westwood…

Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

May 12, 2021

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…

SBM Offshore Upbeat on New FPSO Projects after Q1 Revenue Drop

May 12, 2021

A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business.The Dutch-based company's…

Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

May 11, 2021

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion…

Total Brings Online Zinia Phase 2 Offshore Angola

May 06, 2021

French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.The  Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40…

Long-term Contract: Axess to Inspect Altera's FPSOs

May 05, 2021

Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…

Petrobras Will Bid for Atapu and Sepia Oil Fields

Apr 29, 2021

Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…

Market Signals Fast Rebound in Floating Production Orders

Apr 28, 2021

The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER)…

Petrobras Q1 Production Buoyed by Atapu

Apr 27, 2021

Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.Petroleo Brasileiro SA, as the company is formally known…

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