Offshore Floating Production News - page 2


Petrobras Boosts Output, Flags May Start for Major FPSO

Apr 28, 2022

Oil production at Brazil's Petrobras rose in the first quarter as additional wells ramped up or came online, while a new platform set to start pumping in May should help that trend continue, the state-run company said on Wednesday.In a securities filing…

Petro Rio Buys Petrobras' Albacora Leste Offshore Oil Field for $2.2 Billion

Apr 28, 2022

Brazil's state-run oil company Petrobras said on Wednesday its board has approved the sale of its stake in the Albacora Leste oilfield to Petro Rio SA for $2.2 billion.The oil giant, formally known as Petroleo Brasileiro SA, said the sale was…

BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs

Apr 27, 2022

Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February…

Saipem Taps GE to Deliver 'Heart' of Petrobras' P-79 FPSO

Apr 27, 2022

Italian oilfield services giant Saipem has awarded GE Power Conversion a contract to develop the electrical module for Petrobras’ P-79 FPSO.In June 2021 Saipem, in a joint venture with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co…

Guyana Gets $106M from Exxon for Oil from Newest FPSO Liza Unity

Apr 25, 2022

Guyana sold its first share of crude oil from the country's newest offshore production facility to ExxonMobil for about $106 million, the government said.One of South America's poorest nations, Guyana plans to use proceeds from oil in the short term to build roads…

BW Offshore Sells Laid Up FPSO for $50 Million

Apr 22, 2022

Oslo-listed FPSO leasing company BW Offshore has agreed to sell its laid-up FPSO Polvo to BW Energy for $50 million. BW Energy will redeploy the FPSO in Brazil.The transaction is expected to be concluded by July 24, 2023, at the latest. If the transaction is completed before the said date…

Hurricane Energy Earns $60.5M from March Lancaster Oil Shipment

Apr 21, 2022

UK-based oil and gas company Hurricane Energy earned about $60.5 million from the sale of the latest cargo of oil produced from its Lancaster field offshore the UK.The company said this week that the 28th cargo of Lancaster oil, totaling approximately 524 Mbbls…

VIDEO: First Topside Modules Being Installed Aboard Prosperity FPSO

Apr 20, 2022

FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore.  The hull of the FPSO Prosperity, which will be Guyana's third…

Brazil: Petrobras, Equinor Start Production from Two Offshore Wells under Roncador IOR Project

Apr 20, 2022

Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…

Ping Petroleum's Avalon Field Plan Gets 'No Objection' Letter, with FPSO, Floating Wind Planned

Apr 18, 2022

Oil and gas company Ping Petroleum's proposed development concept for the Avalon discovery in the UK Central North Sea, has received a letter of “no objection” from the North Sea Transition Authority (“NSTA”).The concept comprises a tie-back…

Siemens Energy Turbomachinery Package for Petrobras' P-78 FPSO

Apr 18, 2022

Singapore's Keppel Offshore & Marine has recently ordered the topsides turbomachinery package from Siemens Energy for the P-78 FPSO.The FPSO is owned and operated by Brazil-based Petrobras in partnership with Chinese CNOOC and CNODC and will operate in the Búzios Field of the Santos Basin…

Morocco Considers Onshore, Offshore Options for LNG Import Facility

Apr 18, 2022

Morocco is studying options at several ports to build a floating or land-based facility to import liquefied natural gas (LNG), Energy Minister Leila Benali said on Friday.Morocco relied for much of its gas needs - about 1 billion cubic meters…

Brazil: Shell Pays $1,12B for Atapu Field Stake

Apr 15, 2022

Brazilian oil firm Petrobras has this week received R$ 5.26 billion (around $1,12 billion) from Shell for its share of 25% in compensation for the Atapu offshore block.Atapu is the block acquired by the consortium composed of Petrobras (52.5%)…

Eni Offloads First Cargo from Miamte FPSO in Mexico

Apr 14, 2022

Italian oil company Eni has offloaded and exported first cargo from the Miamte FPSO, offshore Mexico, following the production start-up in February.The FPSO, supplied by Japan's MODEC, operates at the Miztón, Amoca, and Tecoalli fields in Area 1…

Using Storage Tanks from Older LNG Carriers Could Boost FLNG Production

Apr 14, 2022

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted its approval in principle (AIP) for an innovative concept for a floating LNG (FLNG) vessel utilizing storage tanks from older LNG carriers. The design…

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