Malaysia's Petronas has appointed a wholly owned subsidiary Vestigo Petroleum to operate the Berantai field facilities. The facilities, about 150km offshore Malaysia, comprise of a wellhead platform connected to a floating production…
Premier Oil's Catcher floating production project in the UK North Sea is on schedule to deliver first oil in 2H next year. The UK-based independent says further cost savings have been secured against the project estimates. Premier now forecasts capex to first oil of US$1…
Ithaca Energy's FPF-1 floating production facility is set to leave its yard in about two weeks and start first oil from the Greater Stella area in about three months from then. UK-based independent Ithaca said modifications on the unit in the Remontowa Yard in Gdansk…
CNR International has has exercised an option to extend the fixed term of the lease contract for floating production, storage and offloading (FPSO) vessel Espoir Ivoirien from 2017 to 2022. The vessel produces oil from the Espoir field since 2002…
Aberdeen-based floating production services firm Amplus Energy, has concluded a multi million pound deal to buy Aberdeen-based survey company Andrews Survey, from the administrators of the Harkand Group, which went into administration at the beginning of May…
Tullow Oil's TEN floating production project offshore Ghana is on schedule for first oil within the next three to six weeks, the firm announced this morning. Tullow says the project, which is also within budget, is over 96% complete…
An aversion to risk, the race to be second, impairs the oil and gas industry’s ability to innovate. Yet, the oil price slump, from mid-2014 to today, has been a “brutal wake-up call,” creating a realization that working smarter in a…
The US$1.9 billion Greater Enfield project offshore Australia has been given the green light by operator Woodside Energy and its partner, Mitsui E&P Australia. First oil is scheduled for mid-2019, via a 31km subsea tie-back to the existing Ngujima-Yin floating production…
Sailaway on Ithaca Energy's FPF1 floating production facility to the Greater Stella Area development in the UK North Sea is expected by the end of this month, according to contractor Petrofac. After a series of setbacks on the FPF1 modification project at the Remontowa Shipyard in Gdansk…
UK-based fluid transfer solutions firm FES International has won a contract to supply equipment to Eni's Offshore Cape Three Points (OCTP) project, 60km offshore Ghana. The project includes the combined development of the Sankofa Main…
InterMoor has successfully completed the final tensioning and chain cutting operations on the floating production, storage and offloading (FPSO) vessel, Turritella, for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM)…
Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
Petrobas' pre-salt production has reached 40% of all the state-oil firm's production in Brazil and 12 more systems are due online in the Santos Basin alone by 2020, the firm has said. The milestone was reached as over all pre-salt production set new highs…
The oil and gas division of Vinci Energie's industrial processes unit Actemium has won a US multi-million contract with BP Angola. The ”two-asset” agreement, the first of its kind for BP’s Angolan operations, will see Actemium become…
Model testing of Norwegian ship designer Sevan Marine's cylindrical hull concept for use in the Gulf of Mexico's ultra deepwaters has shown positive results, the firm has reported. The hull design has been tested at the Offshore Technology…
