Offshore FPSO News - page 6

Petrobras Orders $2.8B FPSO from Keppel O&M

Sep 29, 2022

Singapore's Keppel Offshore & Marine has won a $2.8 billion contract with Brazil's Petrobras for the construction of a large FPSO for deployment at the Buzios field offshore Brazil.Scheduled for delivery in 1H 2027, the P-83 is a repeat order of the P-80 FPSO that Keppel O&M secured in August 2022…

Petrofac Hires AHTS to Assist with Northern Endeavour FPSO Disconnection

Sep 27, 2022

Akastor's subsidiary DDW Offshore has won a one-year contract with Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO 'Northern Endeavour' together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea…

Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid - source

Sep 20, 2022

Exxon Mobil Corp is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases…

Vaar Energi Flags $1.2 Billion Cost Jump for Balder X Project

Sep 19, 2022

Vaar Energi's Balder X oil and gas project will cost $1.2 billion more than previously expected with petroleum output delayed by about nine months to the third quarter of 2024, the company said on Monday, sending its shares sharply lower.The changes reflect increased work scope…

Enauta Restarts Production from Atlanta Field Offshore Brazil

Sep 14, 2022

Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. 'The second well should start operating next and, by the end of September,…

Tailwind Energy Brings North Sea Field Online

Sep 13, 2022

UK-based oil and gas company Tailwind Energy has started production from its Evelyn field in the North Sea, a tie-back development connected to Dana Petroleum's Triton FPSO via a subsea production line and umbilical services line.Evelyn is located in licence P…

Brief Contract Extension for BW Offshore's FPSO in Gabon

Sep 13, 2022

FPSO-leasing specialist BW Offshore has secured a short-term contract extension for its Petroleo Nautipa FPSO.The contract will see production extended from September 20 to October 4, 2022, ahead of demobilization. The spread-moored FPSO has…

Jadestone Energy: No Clear Date for Montara FPSO Output Restart

Sep 12, 2022

Asia Pacific-focused oil and gas company Jadestone Energy has yet to restart production from its Montara Venture FPSO, off Australia, following a shutdown in August. The company said Monday it was 'not in a position to provide guidance on a possible Montara production restart date…

Petrobras to Keep Albacora, Plans New FPSO

Sep 09, 2022

Brazil's state-run oil company Petrobras has said it's ending a process to sell its Albacora concession, located in deep waters of the Campos Basin.Petrobras had been negotiating with PetroRio over the sale of the field. However, it says 'despite the efforts of both parties…

Nearly Half of Guyana's Offshore Oil Exports Goes to Thirsty Europe

Sep 09, 2022

Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…

Guyana Boosts Oil Profit Outlook for 2022 by 30%

Sep 05, 2022

Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations…

Guanabara FPSO Mooring System Installed with Just One Vessel

Sep 02, 2022

Heavy lift shipping and offshore transport and installation contractor Jumbo Offshore reports it has executed the transport and installation of a torpedo pile mooring system, including mooring for flexible risers, umbilical for the Libra Consortium's…

Report: Shell's Vito Offshore Field to Start Production in Early 2023

Aug 31, 2022

Shell's Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday.'It is in the early stages of being installed with the intent of first production (in) early 2023,' Chris Golden…

This Decade's Oil Boom is Moving Offshore - Way Offshore

Aug 31, 2022

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments…

Floating Production Market Is Booming

Aug 30, 2022

The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…

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