Floating Production Unit News

 

Talos Extends Helix Producer I Floater Charter in Gulf of Mexico

Nov 23, 2022

Oil and gas company Talos Energy has extended the contract for the Helix Producer I floating production vessel in the U.S. Gulf of Mexico. According to Helix Energy Solutions Group, the vessel owner, the contract has been extended for one year the term…

DOF Wins $25,2M in Vessel Charters, Extensions

Oct 26, 2022

The Norwegian offshore vessel owner DOF said Wednesday it had won contracts and contract extensions for several of its vessels in Brazil, West Africa, and the North Sea region. The estimated firm backlog for these contracts is approximately NOK 260 million (~$25…

Veslefrikk B Platform Arrives to M.A.R.S Yard for Recycling

Sep 02, 2022

Modern American Recycling Services Europe (M.A.R.S.) said Friday that Equinor's Veslefrikk B platform had arrived in the Port of Frederikshavn, where it will be recycled.The Veslefrikk B arrived at the M.A.R.S quayside on Wednesday, August 31…

Gate Energy to Help LLOG Bring Online Salamanca FPS

Aug 23, 2022

Houston-based engineering, commissioning, and field services firm Gate Energy has won a commissioning management and execution contract for LLOG's Salamanca development in the U.S. Gulf of Mexico.The scope of this work includes pre-commissioning…

Jiangsu Strong Wind Shipyard Delivers ABS-classed Floating Production Unit

Aug 17, 2022

A floating production unit constructed by Jiangsu Strong Wind Shipyard (JSSW) to ABS Class has been delivered.The TRUNOJOYO 01 FPU is on charter to Husky CNOOC Madura Limited (HCML) from owner PT Timas Oceanstar Indonesia (TOI) and will be towed…

Keppel O&M Wins $54.5 Million in Floating Production Contracts

Aug 01, 2022

Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU)…

Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector

Jun 13, 2022

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…

Floating Production Market Going Gangbusters

May 31, 2022

The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector have seldom been stronger…

Bardex Mooring Tensioning System Installed in GOM

Apr 28, 2022

BP’s latest floating production facility, ARGOS, has been successfully moored in the US Gulf of Mexico. The mooring tensioning system includes Bardex Corporation Chain Jacks used to haul in and tighten 12 lines of 171mm R4S top chain. Bardex…

Deepwater: First Oil Starts Flowing from King’s Quay Floating Production System, Murphy Oil Says

Apr 12, 2022

U.S. oil firm Murphy Oil Corporation has started oil production from the Khaleesi, Mormont, and Samurai field development project in the deepwater section of the U.S. Gulf of Mexico.Production has started flowing this month from the Murphy-operated King’s Quay floating production system…

ProSep's Water Treatment System for Woodside's $12B Scarborough Project in Australia

Apr 06, 2022

Houston-based ProSep has won a water treatment project contract for Woodside's Scarborough gas development offshore of Western AustraliaThe contract, for end-client Woodside, which sanctioned the $12 billion Scarborough development in November 2021…

TotalEnergies Withdraws from North Platte Deepwater Project in Gulf of Mexico

Feb 10, 2022

French oil major TotalEnergies said Thursday it wouldn't sanction the North Platte deepwater project in the U.S. Gulf of Mexico and that it would withdraw from it. Equinor said it was disappointed with the decision, but that it would move forward with the development…

McDermott Lands Scarborough Floating Production Unit Work

Jan 10, 2022

Offshore engineering and construction firm McDermott has secured a contract with the Australian oil and gas firm Woodside to deliver hull and topsides for the floating production unit to be installed at Woodside's Scarborough development offshore Australia…

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…

Number of Production Floater Contracts in Near-term Queue at Record High

Sep 27, 2021

Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared…

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