Offshore Floating Production News - page 52


Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

May 12, 2021

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…

SBM Offshore Upbeat on New FPSO Projects after Q1 Revenue Drop

May 12, 2021

A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business.The Dutch-based company's…

BHP Selects McDermott for Trion Floater FEED

May 11, 2021

McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field development offshore Mexico…

BW Offshore Taps NOV's APL for Barossa FPSO STP System

May 11, 2021

FPSO specialist BW Offshore has awarded NOV's APL a contract to supply a large submerged turret production (STP) system for the FPSO to be deployed at Santos' Barossa gas and condensate field located offshore of Australia.The Barossa field is…

Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

May 11, 2021

Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion…

Petrobras Orders Seventh FPSO for Buzios Field

May 10, 2021

Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7…

BP Hires Petrofac for Greater Tortue Ahmeyim Operational Procedures Work

May 10, 2021

Oil major BP has hired oilfield services company Petrofac to develop operational procedures for the company's Greater Tortue Ahmeyim project offshore Mauritania and Senegal.Centered on minimizing risk and harm to personnel, plant and the environment…

Total Brings Online Zinia Phase 2 Offshore Angola

May 06, 2021

French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.The  Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40…

Long-term Contract: Axess to Inspect Altera's FPSOs

May 05, 2021

Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…

Petrobras Will Bid for Atapu and Sepia Oil Fields

Apr 29, 2021

Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…

Market Signals Fast Rebound in Floating Production Orders

Apr 28, 2021

The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER)…

Petrobras Q1 Production Buoyed by Atapu

Apr 27, 2021

Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.Petroleo Brasileiro SA, as the company is formally known…

Eni Starts Gas Production at Merakes Project off Indonesia

Apr 27, 2021

Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…

Fugro Assisting Jumbo with Mero 1 Offshore Work in Brazil

Apr 21, 2021

Dutch offshore services provider Fugro has won a deal with offshore transportation and installation firm Jumbo Maritime to provide providing positioning and construction support services on the Mero 1 deepwater field development, offshore Brazil…

TMC Compressors Names New CEO

Apr 20, 2021

TMC Compressors (TMC), an Oslo-based company supplying offshore and marine compressors, has appointed Christian Ness as the company’s new CEO.Christian Ness succeeds Per Kjellin as part of a planned generational change. Kjellin will continue…

Current News

Beacon Offshore Energy Begins Production US at Shenandoah Field

Harlyn Solutions Expands Market Scope with New Dutch Base

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Subscribe for OE Digital E‑News

Offshore Engineer Magazine