UAE-based shipyard Drydocks World has signed a contract with Norway-based Kanfa to deliver a topside module for a floating production storage and offloading vessel.In what will be the first collaboration between Drydocks World and Kanfa, the M10 module will be placed on the main deck of the FPSO…
Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil.The sale and purchase of the FPSO…
Oil spilled last week at Jadestone's Montara field offshore Australia, during crude oil transfer between two crude oil tanks onboard the Montara Venture FPSO, forcing the company to shut down production from the offshore fied.'During the transfer…
Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…
Brazilian oil company Petrobras' management approved on Thursday the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway's BW Energy Ltd.The sale is part of Petrobras' strategy to divest assets and focus on more profitable operations…
Teekay's Sevan Hummingbird FPSO is set to leave Spirit Energy's Chestnut oil field in the North Sea after 13 years of oil production at the site.According to notice to mariners issued by Teekay on Thursday, the FPSO is currently being disconnected from its moorings…
Brazilian state-controlled oil company Petrobras has bought its first cargo of Guyanese crude for refining domestically, the company told Reuters, as South America's newest producer expands its market reach.With the start of a second floating production facility in February…
The Australian Conservation Foundation said it has asked the Federal Court to stop Woodside Energy Group from working on the $5.7 billion [for the offshore component only] Scarborough gas project until an assessment is made about its potential impact on the Great Barrier Reef…
Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022…
As the demand for floating production systems grows, so too will the need for modern offshore support vessel (OSV) tonnage.Related: Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Oilfield services company TechnipFMC has won a contract with TotalEnergies EP Angola to supply subsea production systems for the CLOV3 development in Block 17, offshore Angola. TechnipFMC said the contract was a “significant” one, which for…
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil…
Oilfield services company Petrofac said Tuesday it has been awarded an Integrated Services Provider (ISP) contract by Anasuria Operating Company (AOC).The five-year contract, which has an option to extend, starts in June. Under the deal, Petrofac…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…