Offshore Floating Production News


WER: Near-term Outlook for Floating Production Systems 'Very Positive'

Jul 29, 2021

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive…

Hurricane Energy Restarts Lancaster Production after FPSO Shutdown

Jul 28, 2021

Oil production has resumed from Hurricane Energy's Lancaster field off the UK after the scheduled annual maintenance shutdown of the Aoka Mizu FPSO earlier in July.'Production from the 205/21a-6 well is currently stabilizing, and a further update…

SBM Offshore to Deliver FPSO for Petrobras' Buzios Field

Jul 27, 2021

Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil.The firm contract, for the 26.25 years lease and operation of the FPSO to be named Almirante Tamandaré…

FPSO Giant SBM Offshore Wins Seabed Rights for UK Floating Wind Project

Jul 27, 2021

SBM Offshore, one of the world's largest FPSO leasing firms in the oil and gas sector, has, via a joint venture, moved a step closer towards securing rights for a floating wind farm project in the Celtic Sea, off the coast of Wales in the UK…

Santos' New Well at Van Gogh Offshore Oil Field Hits Output Record

Jul 26, 2021

Australian oil and gas company Santos has started oil production from the Van Gogh Phase 2 Infill Development, offshore W. Australia, hitting a production record.Santos had announced a Final Investment Decision (FID) on the Van Gogh Infill Development Phase 2 Project in March 2020…

"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

Jul 23, 2021

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.Keppel…

Petrobras 2Q Oil Output Flat on Maintenance Stoppages, Divestments

Jul 23, 2021

Brazil's state-run oil company Petrobras on Thursday presented flat production numbers in the second quarter, as the ramp-up off some major platforms was largely offset by maintenance stoppages and divestments.In a securities filing, Petroleo Brasileiro SA…

Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

Jul 21, 2021

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.The LNG Terminal…

Perenco, SNH to Increase Utilization of Golar's Hilli Episeyo FLNG

Jul 20, 2021

Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG.  The Hilli Episeyo FLNG…

Brazil: Enauta Brings Another Atlanta Field Well Back Online after Pump Failure

Jul 20, 2021

Brazilian oil company Enauta has brought online another oil well at its Atlanta field in the Santos Basin, offshore Brazil, following a recent pumping system failure, and is now producing from two wells connected to the Petrojarl I FPSO.As previously reported…

SBM Offshore's AI Mooring Monitoring Tool Gets ABS' Stamp of Approval

Jul 15, 2021

SBM Offshore, a Dutch company best known for its FPSO leasing business, has developed an artificial intelligence-powered mooring lines monitoring solution which has now received new technology qualification from classification society ABS.The…

Brazil: PetroRio Connects Polvo and Tubarao Martelo Fields. Eyes Significant OPEX Cut

Jul 15, 2021

Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO.According to PetroRio…

Petrobras Sells Papa-Terra Field to 3R Offshore

Jul 12, 2021

Brazilian national oil company Petrobras has struck a deal with 3R Offshore to sell it its interests in the producing Papa-Terra, located in the Campos Basin, offshore Brazil, for up to $105.6 million in total.3R Offshore, a company with a strategy to revitalize mature offshore fields…

Aker Solutions, Subsea 7 to Deliver Subsea Equipment for Aker BP's KEG Project

Jul 09, 2021

Norwegian oil and gas company Aker BP has awarded subsea contracts for the Kobra East & Gekko (KEG) development in Norway to Subsea 7 and Aker Solutions.The contact comes days after Aker BP as the operator filed a plan for development and operation for the North Sea project…

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