Offshore Floating Production News

Short-term Extension for Abo FPSO in Nigeria

Mar 31, 2023

BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.In January 2023, the contract for Abo FPSO, used for production from the Abo field offshore Nigeria, was extended until the end of March 2023…

Karoon Brings Another Production Well Online at Patola field, Offshore Brazil

Mar 31, 2023

Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil.The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…

Trendsetter Engineering to Deliver Subsea Hardware for LLOG's Gulf of Mexico Project

Mar 30, 2023

Trendsetter Engineering, a privately owned oil and gas service company based in Houston, said it had won a 'significant' contract to provide subsea hardware for LLOG Exploration Offshore's Leon and Castile subsea developments in the U.S. Gulf of Mexico…

Samsung Heavy Industries Taps GTT for Tank Design of New FLNG Unit

Mar 28, 2023

French engineering firm GTT said Tuesday it had received an order from its South Korea-based shipbuilder Samsung Heavy Industries for the tank design of a new Floating Liquefied Natural Gas (FLNG) unit. According to GTT, Samsung is building the FLNG for 'an Asian company…

Sea Lion Offshore Project in Falkland Islands Could Finally Reach FID in 2024

Mar 24, 2023

A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan…

Energean Looking to Boost Israel FPSO Capacity

Mar 23, 2023

Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year, CEO Mathios Rigas told Reuters on Thursday. The FPSO is…

Montara Venture FPSO Restarts Production

Mar 23, 2023

Jadestone Energy plc said Thursday that its Montara Venture FPSO offshore Australia resumed production operations early on Tuesday March 21, 2023.The company shut down production from the Montara Venture FPSO in 2022, first to allow for repairs…

Jadestone Energy's Montara Field Offshore Australia to Resume Production Soon

Mar 16, 2023

Asia-pacific focused oil and gas company Jadestone Energy expects to resume production from its Montara field offshore W. Australia in approximately one week.The company shut down production from the Montara Venture FPSO in 2022, first to allow…

BW Offshore Wraps Sale of BW Opportunity FPSO

Mar 15, 2023

BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party.The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer…

Karoon Brings Online PAT-2 Well at Patola Offshore Field in Brazil

Mar 15, 2023

Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil.The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12…

Golar LNG Buys NFE's Stake in FLNG Hilli

Mar 15, 2023

Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. 'In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash…

NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP

Mar 10, 2023

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands…

Eight Years After Deadly Explosion Offshore Brazil, BW Offshore Finds Buyer for Laid-up FPSO

Mar 10, 2023

Oslo-listed FPSO provider BW Offshore has agreed to sell the laid-up FPSO BW Opportunity to an undisclosed third party for $125 million. BW Offshore said Friday that the sale was subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023…

Yinson Partners with AVEVA to Develop Fully Autonomous FPSOs

Mar 09, 2023

Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop 'fully autonomous and sustainable' Floating Production Storage and Offloading (FPSO) solutions.'AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets…

Current News

Short-term Extension for Abo FPSO in Nigeria

Karoon Brings Another Production Well Online at Patola field, Offshore Brazil

Brazil: Atlanta Field Daily Output Reaches 22,000 bbl/d, Enauta Says

New Service Operation Vessel Arrives at Seagreen Wind Farm Base in Scotland

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