Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters…
SBM Offshore forecast that 2021 core earnings will be slightly below market expectations, the multinational oil firm said on Thursday, noting 2020 challenges will spill into 2021 as many of its clients had to cut budgets.The Dutch company, which supplies floating oil and gas production vessels…
U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country's vice president said on Tuesday.The South…
Brazilian oil giant Petrobras has sold its 30 percent stake in the Frade offshore oil field to PetroRio. With the completion of the transaction, PetroRio now fully owns the field, located in the Campos Basin, north coast of the state of Rio de Janeiro…
Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law…
FPSO operator Bluewater Services signed a framework agreement with marine engineering and maintenance firm Royston for engine overhaul, repair, and associated services on two of its FPSOs.Under the agreement, Royston will carry out planned engine…
A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said.Keppel offered to build P-78…
TMC has won a contract to supply the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders.TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors…
Brazilian state-run oil company Petrobras received offers from three consortia looking to build the company's first in-house platforms in more than seven years, the company said on Tuesday.In a release, Petroleo Brasileiro SA, as the company is formally known…
Three60 Energy, a UK-based energy services company, will be providing Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines, in what is the company's first such contract outside of the UK…
Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has officially taken a 20% share in Greek company Gastrade that is developing an LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis…
Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private…
Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras.The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days…
Dutch offshore lifting equipment company KenzFigee has secured a five-year deal to provide lifting services for Dana Petroleum North Sea FPSOs.Under the contract, KenzFigee will provide its services on Dana Petroleum's ‘Triton’ and ‘Western Isles’ FPSOs…
Energean said on Thursday the first gas from its flagship Israeli fields, due to start flowing at the end of this year, could slip by two to three months.The company said this was due to delays to increasing the workforce that is building its floating production…