Tullow Oil says its hull and machinery insurance cover has been confirmed for the floating production, storage and offloading unit Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year. Tullow first experienced issues at the FPSO…
UK independent EnQuest's proposed deal with Delek Group over the sale of a stake in the Kraken development in the UK North Sea has fallen through. EnQuest said the two parties had been unable to reach an agreement and discussions have been terminated…
Statoil has contracted Kvaerner for works including preparation and docking of it Njord A semisubmersible production facility under a project framework agreement (PFA) for the upgrade of the facility. The call-off work has an estimated value of US42…
Endeavor Management has opened participation in its latest joint industry project (JIP) – Best Practices for the FPSO Industry. Image of the Cidade de Marica, from SBM Offshore. In today’s price environment…
Eni Norge’s management has decided to keep the Goliat field shut down until “measures are implemented and its platforms can be operated prudently.” Goliat. Image from Eni Norge. The…
North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes. The cost of the development, which will see a floating production…
GE Oil & Gas has signed a major agreement with MODEC, an owner/operator and engineering, procurement, construction and installation general contractor of floating production systems including floating production storage and offloading (FPSO)…
Supermajor Shell started production from its Stones development in the deepwater Gulf of Mexico, the firm reported on 6 September 2016. The field’s FPSO, Turritella, is the deepest floating production unit in the world, operating in 9500ft of water…
Norwegian floating production firm Sevan Marine has been awarded a study to evaluate use of its cylindrical hull design for use on the Wisting field, the northernmost oil discovery offshore Norway. OMV is screening various floating alternatives…
Chevron has achieved first gas on the Bangka field development project, the first stage of the Chevron-operated Indonesia Deepwater Development (IDD) project in East Kalimantan, offshore Indonesia. The Bangka Project includes a subsea…
Global Maritime Consultancy & Engineering successfully led the disconnection and towing operations of the Njord A semisubmersible floating production platform from the Njord field. The Njord A platform arrived safely in Klosterfjorden on the 23 August…
Hansa Heavy Lift has transported five pipe racks and three modules, weighing a total of 1871.51-tonne and measuring 24,075cu m, for a new floating production storage and offloading (FPSO) unit, the P-67, due to be stationed off the coast of Brazil…
Singaporean shipbuilder Sembcorp Marine is set to acquire 100% equity stake in Norway-headquartered LMG Marin for US$20 million. LMG is a naval architecture as well as ship design and engineering house with offices in Poland and France…
Ithaca Energy is eyeing November as its start-up date for first hydrocarbons at the Stella field, as the company reduced its net debt to US$606 million in 1H 2016. The FPF-1 departing Remontowa yard…
Canada's Suncor Energy is to acquire a 30% stake in the UK deepwater North Sea Rosebank project from Austria's OMV. The move will see OMV reduce its stake from 50% to 20% in what is a massive, challenging, deep water, very harsh environment…