Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.Shares in BW Offshore, originally an owner of floating production, storage…
Norway's BW Offshore is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) and Chevron, for an undisclosed price, the Oslo-listed company said on Monday.A final deal is subject to board approvals and other conditions…
Babcock said it has been awarded a four-year framework contract for brownfield fabrication and modification projects on the BW Catcher, a floating production, storage and offloading vessel (FPSO) owned by BW Offshore. The scope of the contract includes engineering…
BW Offshore announced Firday it has secured another one-year extension for the lease and operation of the floating production storage and offloading vessel (FPSO) Polvo in the Campos basin offshore Brazil.The agreement signed with PetroRio extends the firm period from Q3 2019 to Q3 2020…
BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial investment was made in the Dussafu license offshore Gabon.'We have achieved first oil from the Dussafu license within budget and on schedule…
Borr Drilling accepted a letter of intent from BW Energy Dussafu (BWE), a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s premium, high-specification jackup Norve will be utilized to drill and complete two subsea development wells…
BW Offshore and Panoro Energy have agreed on a final investment decision (FID) for the Dussafu project offshore Gabon, with first oil set for next year. Map of Dussafu, from Panoro. Panoro…
BW Offshore has completed a deal with Harvest Natural Resources for its stake in the Dussafu production sharing contract (PSC) offshore Gabon. BW Energy Gabon (BWEG) now holds a 66.67% working interest in the Dussafu PSC, while Panoro Energy holds the remaining 33…
BW Offshore signed a farm-out deal to become operator of the Kudu license offshore Namibia with 56% stake. The company’s subsidiary BW Kudu will take over the license, with Namibian state-owned oil company National Petroleum Corp. of Namibia (NAMCOR) holding the remaining 44% interest…
BW Offshore and the BW Group entered into agreement to acquire 66.67% of the Dussafu production sharing contract offshore Gabon. Subject to closing of this first transaction, the partnership has secured a right to acquire a further 25% of the Dussafu license…
Floating production firm BW Offshore has started an arbitration process against Addax Petroleum Exploration over payment for use of the floating production, storage and offloading vessel (FPSO) Sendje Berge. BW Offshore says Addax as…
Petrobras has exercised an option to extend the fixed term of the lease contract for the floating production, storage and offloading (FPSO) vessel the BW Pioneer from Q1 2017 to Q1 2020. The FPSO BW Pioneer started work on the Cascade…
Owners of significant floating assets are continuing to feel the pinch in the offshore market as rates sink to “unsustainable levels.” Floating production specialist BW Offshore says it is cutting its onshore staff by 35%, while Norwegian…
BW Offshore is a step closer to recovering the Cidade de São Mateus floating production vessel to shore for repairs more than a year after it was damaged in a fire. The fire, on 11 February 2015, offshore Brazil, saw nine of the 74 crew die and 26 require medical attention…
The BW Athena floating production, storage and offloading (FPSO) vessel is to be demobilized from the Athena field in the UK North Sea next month. The move, which had been expected, will the see BW Athena leave the field Athena and Anglia fields…
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