Malaysian FPSO supplier Bumi Armada might appeal a recent ruling by an Australia court in an FPSO contract termination case against the Australian oil company Woodside.Woodside in 2016 terminated the contract for the Armada Claire FPSO unit that was operating at the Balnaves Field…
Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…
U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations. No final decision has yet been made…
Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal.FAR, which owns a 15% stake in the recently sanctioned…
BW Energy has completed the second production well of the Tortue Phase 2 development, offshore Gabon.'The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field which will be tied back to the FPSO BW Adolo and boost oil output…
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter.The Suezmax vessel Yannis P…
SOFEC announced it has been awarded a contract from MODEC to supply an external turret mooring system for a floating production, storage and offloading (FPSO) vessel for the Sangomar project offshore Senegal.SOFEC will be responsible for all engineering…
Malaysian offshore vessel and rig owner Perisai Petroleum Teknologi is about to get delisted after Bursa Malaysia decided to dismiss the company's request to give it more time to get its business in order.Perisai, which provides vessels and rig to the local oil and gas industry…
Oil and gas company FAR has secured a $300 million reserve-based loan for its share of the CAPEX for recently sanctioned Sangomar field development, offshore Senegal.“FAR is pleased to announce a binding and committed underwritten US$300 million…
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana…
Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery.Eni brought the field online via the FPSO Ngoma located 15 kilometers from the oil field. The current output level is around 10…
The Canadian offshore safety regulator for Newfoundland and Labrador C-NLOPB has ordered oil company Suncor to install fall-protection systems on ladders aboard its Terra Nova FPSO.The order comes two weeks after a worker aboard Suncor's Terra…
Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam.Yinson's Vietnam JV PTSC AP on Wednesday, January 15, entered into an eighth FPSO contract extension for the FPSO with PTSC…
Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…