Norway's Statoil, with partners Eni (30%) and Petoro (20%), has submiited a plan for US$5.9 billion (NOK49 billion) development and operation for the Johan Castberg field in the Norwegian Barents Sea. The development cost is more than half of the original estimated cost for the project…
Petrobras and its partners have achieved first oil from the mega pre-salt development Libra, the operator announced today (27 November). Libra is in the ultra-deep waters of the Santos Basin, 180km offshore Rio de Janeiro, Brazil. The…
Ophir Energy has been given a 12-month extension on its Block R license, home to the Fortuna FLNG, offshore Equatorial Guinea, giving it more time to secure project funding ahead of making a final investment decision. Fortuna looks set to be Africa’s first deepwater FLNG project…
Dana Petroleum's long delayed Western Isles development has produced first oil, it's been reported. The UK North Sea development has been brough on stream using a new-build Sevan-design cylindical floating production unit (FPSO) built at COSCO's yard in China…
Statoil has picked Sembcorp Marine Rigs & Floaters for the hull and living quarters for its Johan Castberg floating production development in the Norwegian Barents Sea. Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters…
The floating production systems (FPS) has seen a return to activity in 2017, says analysts Westwood Global Energy Group. The firm says that in 2016 no FPS units were ordered. With two months of the year remaining, 11 units have been ordered this year…
Woodside Energy and its partners made the decision to invest US$1.9 billion in the Greater Enfield development in June this year. Located 60km off Exmouth in Western Australia, the Greater Enfield Project involves the tie-back of three…
An injunction stopping Petrobras selling 22.5% of its stake in the Iara area and transfering 35% stake in the Lapa field, both offshore Brazil, to Total has been lifted. The sale and transfer were part of a Strategic Alliance agreement signed with Total in March this year…
Japan's Inpex has been awarded an exploration permit for Release Area WA-532-P, close to its Ichthys LNG development, in Australia’s 2016 Offshore Petroleum Exploration Acreage Release. Inpex Browse will hold a 100% participating interest in the block…
Samsung Heavy Industries (SHI) has delivered French oil major Total's deepwater Egina floating production, storage and offloading (FPSO) vessel. The vessel was completed at SHI's Geoje-shipyard under a US$3 billion turnkey project, and set sail for Nigeria on 31 October 2017…
BW Offshore subsidiary Sendje Berge has agreed the terms of a contract extension for the floating production, storage and offloading (FPSO) vessel Sendje Berge with operator Addax Petroleum Exploration (Nigeria) for use on the Okwori field offshore Nigeria…
Premier Oil's Catcher development is on track for first oil by the end of the year with the project's floating production vessel now moored in field. The BW Catcher vessel, built at the Keppel Shipyard in Singapore, and owned and operated by BW Offshore…
MODEC has signed a contract for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with Brazil's Petrobras on 13 October 2017. The firm charter period of the contract is 21 years. The FPSO will be deployed at the Sépia field operated by Petrobras…
Singapore-based explorer KrisEnergy will proceed with the first phase of its Apsara oil field, the first hydrocarbon project offshore Cambodia, the company announced today (19 October). Phase 1A of the Apsara development, in Cambodia Block A in the Gulf of Thailand…
Norwegian energy consultancy Add Energy and Australian firm Transborders Energy (TBE) are working together, with help from MODEC and TechnipFMC, to create a fast deployment business model for floating liquefied natural gas (FLNG) concept to access small-scale stranded resources…