Offshore Floating Production News


Bumi Armada Might Appeal Woodside FPSO Case Ruling

5 hours ago

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…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

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…

Chevron to Ditch Indonesian Deepwater Development Stake?

Jan 24, 2020

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…

FAR Inks Sangomar Oil Offtake Deal with Glencore

Jan 22, 2020

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 Completes 2nd Producer at Tortue 2 in Gabon

Jan 22, 2020

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…

Guyana's First-Ever Oil Cargo Sets Sail

Jan 21, 2020

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 to Supply Sangomar FPSO Turret Mooring System

Jan 20, 2020

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 Stock Exchange to Delist Perisai

Jan 20, 2020

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…

FAR Secures $300M Sangomar Loan

Jan 20, 2020

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…

Exxon to Load First Crude from Guyana This Weekend

Jan 17, 2020

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…

Angola: Eni Brings Agogo Field Online

Jan 17, 2020

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…

Suncor Ordered to Install Fall Protection Systems on FPSO

Jan 16, 2020

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…

Yinson: 8th Extension for Lam Son FPSO

Jan 16, 2020

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…

Major Offshore Project in Senegal Reaches FID

Jan 15, 2020

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…

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