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…
Cairn Energy is due to start its 1 billion bbl-seeking drilling program on its prospective offshore Senegal blocks in coming weeks. The Ocean Rig Athena is expected to start mobilization to Senegal from its current location in Angola in the next few days…
Floating production vessel operator BW Offshore has posted a 3% rise in operating revenues but says, which outsourced floating solutions remain an attractive option, the low oil price environment will see a reduction in orders that is expected to be prolonged…
Subsea engineering and project management company Petrex Developments has successfully completed the inspection of the BW Athena dynamic flexible riser/umbilical systems, FPSO mooring system and hull for North Sea operator Ithaca Energy. The…
Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
North Sea exploration minnow Trap Oil has warned that, without urgent additional funding, it is likely to become insolvent. The firm, which has reduced its overheads from £5.1 million 2 years ago to £1.3 million/yr posted a pre-loss of £44…
BW Offshore signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to 3Q 2016 (from 3Q 2015), with options until 3Q 2022. BW Offshore is operating the FPSO offshore Brazil…
Floating production vessel operator BW Offshore and UK-based independent producer Ithaca Energy have agreed new terms for use of the BW Athena in the North Sea. BW Offshore and Ithaca Energy (on behalf of the Athena field co-venturers)…
Update: 17 February 2015 - BW Offshore has confirmed that the death toll has now risen to six after an explosion on the the company's Cidade São Mateus FPSO offshore Brazil. The body of one of the previously four missing Brazilian…
Danish saftware specialist SafeEx has developed software for Ex inspection and registration now deployed on three FPSOs, with more orders expected. Traditionally, Ex inspections have been conducted with pen and paper as well as subsequent…
Dr. Helmut Sohmen has announced his retirement, effective 20 November 2014, as Chairman of the Board of BW Offshore Ltd., which owns and operates floating production systems worldwide. He has served as Chair since 2005. Andreas Sohmen…
Ithaca Energy opted to extend its contract with BW Offshore's BW Athena FPSO, the Olso, Norway-based vessel owner announced on 6 June 2014. The original contract, signed in 2010, covered a service period from 2012-2015. Ithaca Energy…
BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field, located in the Campos basin in Brazil. Following the ongoing sale of BP’s stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT’s stake…
BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field in Brazil. Following the ongoing sale of BP's stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT's stake…
North Sea independent Ithaca Energy will use Petrofac's FPF-1 semi – the former AH-001 deployed by Hess on Ivanhoe/Rob Roy – as a production hub to develop the Greater Stella Area (GSA ) fields, Stella, Harrier, Hurricane and Helios. Jennifer Pallanich reports…
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