Total has brought on stream its ninth project since the start of this year, its Moho Phase 1b project, 75km off Pointe-Noire, Congo. The project, with 40,000 boe/d production capacity, sits in 750-1200m water depth and comprises 11 new…
BP has reached a major milestone with its Quad 204 redevelopment project 175km west of Shetland. The firm's new floating production, storage and offloading (FPSO) vessel, the Glen Lyon, has left Hyundai Heavy Industries' yard in South Korea and started sea trials…
Offshore rope manufacturer Lankhorst Euronete Brasil (LEB) has been awarded a contract by OOGTK Libra GmbH & Co KG to supply the polyester mooring ropes for a floating production, storage and offloading (FPSO) unit in the Libra oil field…
It goes without saying that Art Berman with Labryrinth Consulting Services has a belief about oil prices that is likely not shared by many in the oil and gas industry: Berman believes the prices should be lower. “Prices have to fall further…
Amplus Energy Services, a floating production solutions firm headquartered in Aberdeen’s Grandholm area, has struck a deal with Technip in the UK to work together to develop untapped oil reserves in marginal fields in the North Sea. With…
Ophir Energy has cut its planned development cost and signed a heads of agreements for LNG offtake from its Fortuna FLNG project offshore Equatorial Guinea. Gross capital costs on the project - due to be Africa's first floating LNG project…
Transocean announced that the harsh environment semisubmersible Henry Goodrich was awarded a two-year contract with Husky Oil Operations offshore Canada at a dayrate of US$275,000. The rig will be used for ongoing development drilling…
BW Offshore has received a two-year contract extension for the lease and operation of the FPSO Polvo. The FPSO is operating on the Polvo field offshore Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3 2016), with options until Q3 2022…
Japan-based classification society ClassNK has released its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage Offloading and Regasification (Third Edition). The first edition of the guidelines laid out specific…
In February 2011, Maersk Oil's Gryphon FPSO suffered significant damage in heavy storms in the turbulent North Sea. After nearly 20 years of uninterrupted service, the FPSO had to leave the Gryphon field for the first time for repairs and upgrade…
French independent Perenco and partner Société Nationale des Hydrocarbures have made their final investment decision on a floating LNG project offshore Cameroon. The move follows an agreement with Gazprom Marketing & Trading Singapore Pte over gas sales…
With a mere four orders so far this year the floating production system (FPS) sector is suffering. However, things are anticipated to be better next year, with the US Gulf of Mexico (GoM) in particular, having a surprisingly bright future…
Due to an electric fault in the high voltage drive motor for one of the gas export compressors, the Alvheim FPSO will be running at reduced production for a period of approximately four weeks while the motor is being replaced. Currently…
Engineering company Monadelphous Group has won a major long-term maintenance and modifications services contract associated with Shell's Prelude floating LNG (FLNG) project. The contract, worth more than AU$200 million, will be for provide maintenance…
Ithaca Energy's delayed Greater Stella Area development remains on track for first production in Q2 next year. In a trading update this morning, Ithaca says sailaway of the FPF-1 floating production facility from the Remontowa Shipyard in Gdansk…