Offshore FPSO News - page 6


NEO Energy Taps Apollo for North Sea FPSO Modifications FEED

Nov 24, 2023

Energy industry advisory and engineering consultancy Apollo has secured a contract thought to be in the region of £2 million from NEO Energy for a Front-End Engineering Design (FEED) study for the redevelopment project in the Greater Buchan Area…

Serica Energy to Acquire Interest in Greater Buchan Area Off UK

Nov 23, 2023

UK-based oil firm Serica Energy said Thursday it had agreed to acquire a 30% non-operated interest in the UK North Sea licenses P2498 and P2170 which together make up the Greater Buchan Area (“GBA”) from Jersey Oil & Gas.Completion is subject to regulatory…

MODEC Teams Up with Terra Drone for FPSO Inspections

Nov 21, 2023

FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.'MODEC's FPSOs ensure their integrity…

BW Energy Finalizes Takeover of FPSO from Saipem

Nov 21, 2023

Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem.The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil…

Jadestone Energy Doubles Stake in North West Shelf Oil Project Off Australia

Nov 17, 2023

Asia Pacific-focused Jadestone Energy has this week executed a sale and purchase agreement to acquire the non-operated 16.67% working interest in the Woodside-operated Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development, offshore Western Australia…

NEO Energy to Redeploy Western Isles FPSO for Buchan Field Project

Nov 17, 2023

Oil and gas company NEO Energy said Friday it had agreed to buy Dana Petroleum's full equity in the Western Isles FPSO in the UK. NEO Energy plans to redeploy the FPSO at the Buchan field redevelopment in the UK North Sea.The transaction is subject to the satisfaction of certain conditions…

MODEC Hits Milestone: First Steel Cut in China for Guyana-Bound FPSO Errea Wittu

Nov 16, 2023

Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil…

Aussie Court Halts Santos' Barossa Pipeline Near Tiwi Islands

Nov 15, 2023

Santos was told by a court on Wednesday to halt its pipeline project around 70 kilometers north of the Tiwi Islands pending a final ruling, although it was allowed to begin laying gas pipelines for a section of its $3.6 billion Barossa gas project…

Tullow Oil Trims 2023 Output Forecast Again over Ghana Oilfield Delays

Nov 15, 2023

West Africa-focused Tullow Oil on Wednesday trimmed its 2023 production forecast for a second time, mainly due to delays in Jubilee oilfield's southeast extension off Ghana.In September, the London-listed company had reduced the upper end of its production guidance for the year to 58…

ExxonMobil Brings Online Third FPSO Offshore Guyana

Nov 14, 2023

U.S. oil major ExxonMobil said Tuesday it had started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The company's third FPSO…

Ahead of Schedule: ExxonMobil Guyana Takes Ownership of FPSO Liza Unity from SBM Offshore

Nov 10, 2023

Dutch FPSO leasing firm SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024…

Barossa Project: BW Offshore's Massive FPSO Hull Sets Sail for Singapore

Nov 09, 2023

FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration…

Suncor Tops Profit Estimates on Strong Refining Margins

Nov 09, 2023

Canada's Suncor Energy beat market estimates for third-quarter profit on Wednesday, helped by strong refining margins and higher sales volumes from its oil sands operations. Demand for refined products remained stable during the quarter after…

SBM Offshore Upgrades Annual Revenue, Profit Outlook after ExxonMobil FPSO Sale

Nov 09, 2023

Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana.The Amsterdam-based company now aims for a directional revenue of $4…

Shell Sues Greenpeace for Boarding Penguins FPSO While in Transit

Nov 09, 2023

Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…

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