Offshore FPSO News - page 5

Only a Handful of FPS to Be Ordered in 2020, Down from 18 Expected

Mar 24, 2020

Energy intelligence company Wood Mackenzie has downgraded its expectations when it comes to new orders for floating production systems in 2020, citing the oil price crash.Mhairidh Evans, principal analyst in Wood Mackenzie’s upstream supply…

Teekay Offshore Changes Name

Mar 24, 2020

Teekay Offshore Partners L.P., a provider of offshore oil production and storage vessels for the offshore oil and gas industry, has changed its name.The company announced Tuesday its name has changed to Altera Infrastructure L.P. effective 24 March 2020…

Rockhopper: All Parties Committed to Sea Lion Farm-Out Despite Oil Price Rout

Mar 20, 2020

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…

China's CNOOC to Load First Cargo of Guyanese Oil Soon

Mar 20, 2020

China's state-controlled oil company CNOOC Ltd is scheduled to load in the coming days its first cargo of crude from Guyana's offshore Liza oil project, the South American country's Director of Energy Mark Bynoe said.CNOOC has a 25% stake in…

Energean Power FPSO Hull to Sail Away in "Coming Weeks"

Mar 19, 2020

Israel-focused oil firm Energean expects the hull of its Energean Power FPSO will set sail from China in the coming weeks, easing concerns of potential further delays, after it last month warned over the possible impact of the coronavirus outbreak in China on the FPSO construction…

Equinor Puts Off Canadian Offshore Project

Mar 19, 2020

Norway's Equinor and Canada's Husky Energy have reportedly pulled brakes on the plan to develop the Bay du Nord project offshore Canada, Reuters reported on Thursday.'Equinor and partner Husky Energy have decided to defer the Bay du Nord development…

Petrobras China-built FPSO Hull Reaches Brazil

Mar 18, 2020

China-built hull of Petrobras P-71 FPSO has reached Brazil where topside integration will take place at the Jurong Aracruz Shipyard (EJA).The 316 meters long, 54 meters wide, hull, built by CIMC Raffles, had set sail from China on December 12…

BW Energy Slashes Gabon Spending Plans

Mar 18, 2020

Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel.'The impact of international…

BW Pioneer FPSO Stays in Gulf of Mexico for 5 More Years

Mar 18, 2020

FPSO leasing specialist BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields in the U.S. Gulf of Mexico.The contract was signed with MP Gulf of Mexico, am 80/20 partnership with Murphy Oil and Petrobras…

Yinson, PTSC Sign Long Term FPSO Charter Deal

Mar 17, 2020

Malaysian FPSO leasing company Yinson has signed a longer-term charter deal for the provision of the FPSO PTSC Lam Son to Vietnam's PTSC AP.After several short-term extensions, Yinson's Vietnam JV PTSC AP has signed a charter deal for the FPSO…

Repsol Sinopec to Tie-In Tain to Bleo Holm FPSO

Mar 17, 2020

UK-based oil and gas operator Repsol Sinopec is planning to apply for permission for the development of the Tain field in the Central North Sea, offshore the UK.The Tain field is located in Block 13/23b.  The Tain field will be developed by…

Cairn Confident of Securing Sangomar Funding

Mar 11, 2020

London-listed oil and gas company Cairn Energy has provided an update of its operations including the progressing of the Sangomar Field Development offshore Senegal despite the having yet to attract the necessary funding for its share of the costs…

BW Energy Boosts Tortue Phase 2 Output with New Well

Mar 09, 2020

BW Energy has brought online the second oil well (DTM-4H Gamba) drilled as part of the Tortue Phase 2 development project in the Dussafu Marin Permit offshore Gabon. The well was put online on Saturday, March 7.'The start of production from…

Global Mariner Offshore Sues Yinson, THHE, Floatech

Mar 09, 2020

Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…

Hurricane, Spirit Update GWA Farm-In Terms

Mar 06, 2020

Hurricane Energy and Spirit Energy, partners in the Greater Warwick Area offshore the Shetland Islands, have updated the terms of the farm-in the companies had entered in September 2018.The two companies originally agreed on a phased work program…

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