Offshore Floating Production News - page 40


Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana

Nov 12, 2021

Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…

SBM Offshore Revises Revenue Guidance on FPSO JV Deferral

Nov 11, 2021

Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture.The Dutch company, which supplies floating oil and gas production vessels…

Aker Solutions Wins Wisting FPSO FEED

Nov 10, 2021

Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…

BW Offshore's FPSO to Stay in Nigeria for One More Year

Nov 08, 2021

Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs.The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge…

Further Disruption Expected at Indonesia's Merakes Offshore Gas Field

Nov 08, 2021

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect gas production for longer than expected, an official at the country's oil and gas regulator said on Monday.The issue, caused by a sand blockage, had been expected to be dealt with early this month November…

Energean's Karish Field 'On Track' for First Gas in Mid-2022. Dalia Seeks to Terminate Gas Deal

Nov 03, 2021

Oil and gas company Energean expects to bring online its Karish field offshore Israel next year, with the associated FPSO construction nearly complete in Singapore.While Energean said Wednesday the gas production start-up from the Mediterranean Sea gas field „remains on track“ for mid-2022…

Record Number of Floating Production System Awards Expected Over the Next 18 Months

Nov 01, 2021

Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER…

OMV to Sell Stake in Arctic Offshore Oil Field Wisting to Lundin Energy

Oct 28, 2021

Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…

Orcadian Gets Three FPSO Proposals for Pilot Field

Oct 28, 2021

Orcadian Energy, a UK North Sea-focused oil and gas development company previously known as Pharis Energy, has said it has received three expressions of interest for the provision of an FPSO for its Pilot field development.The company engaged…

Well Disruption at Indonesia's Merakes Offshore Gas Field to Affect Output for 6 months

Oct 28, 2021

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as six months, an official at the country's oil and gas regulator said on Thursday.The disruption, caused by a sand blockage…

Hess Sees 1 Million bpd Oil Output from Guyana by 2027

Oct 28, 2021

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday.The projection comes shortly after a second floating production…

Liza Unity FPSO Reaches Guyana

Oct 27, 2021

Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…

Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

Oct 25, 2021

Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed.As previously reported DOE Delta…

Santos Could Store CO2 from Barossa Field in Depleted Bayu Undan Reservoir

Oct 22, 2021

East Timor wants to press ahead with plans for a carbon capture and storage (CCS) project in a depleted oil and gas field off its coast as it races to fill a multi-billion dollar revenue hole starting in late 2023 when the field dries up.The…

Guyana Could Resume Oil Supply Talks with India

Oct 22, 2021

Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year, the South American nation's vice president told Reuters.Earlier this year, Indian refiners bought at least two test cargoes of Guyana's Liza light sweet crude…

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