Floating Production News

 

FPSO damages riser

Jan 08, 2014

A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…

Bumi inks Kraken deal

Dec 30, 2013

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea…

Qatar buys into Total E&P Congo

Dec 27, 2013

Total announced that Qatar Petroleum International (QPI) is now a shareholder of Total E&P Congo, holding 15% of its capital. The news follows a framework agreement that was previously signed in May. The US$1.6 billion increase of Total E&P…

Keppel lands S$150m contracts

Dec 16, 2013

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Keppel Shipyard's contracts are FPSO and FSO projects from Armada C7 Pte Ltd…

BW to take Polvo stake

Dec 13, 2013

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…

Marathon markets North Sea assets

Dec 12, 2013

Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy.  Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…

Wood Group mulls unmanned technology

Dec 09, 2013

ABTechnology Ltd. and partner Enegi have signed an option agreement with energy services firm Wood Group PSN to increase its participation in the ABT Oil and Gas project. ABT Oil and Gas is a joint project by Enegi and ABTechnology to…

An FSRU first

Dec 04, 2013

The Toscana became the world’s first permanently moored floating storage and regasification unit earlier this year. Nick Palmer talks more about the unit and its external turret mooring system. This August saw the final installation and hook up of the floating…

CATS restriction lifting

Nov 28, 2013

Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted.  Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…

Global Briefs: December 2013

Nov 27, 2013

CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…

OGN picks up FPSO job

Nov 15, 2013

North east England engineering firm OGN Group has secured a multi-million pound contract with EnQuest to undertake finishing and commissioning works on the EnQuest Producer, a 249m-long floating production, storage and offloading (FPSO) vessel…

EnQuest gets Kraken approval

Nov 15, 2013

North Sea focused independent EnQuest's US$3.2billion plan to develop the Kraken heavy oil field has been given the go ahead.  Kraken is in 108-125m water depth, about 135km east of Shetland, and is estimated to contain 137MM bbl gross reserves…

Papa-Terra FPSO starts up

Nov 14, 2013

Chevron Corporation's Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel (FPSO) offshore Brazil. Chevron holds a 37.5% interest in the Papa-Terra field…

Eni Norge opens Hammerfest office

Oct 31, 2013

Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea.  Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…

North Sea pipeline glitch nearly resolved

Oct 25, 2013

Production is due to ramp up from a number of fields in the North Sea after a restriction imposed by the operator of the Central Area Transmission System (CATS) gets eased. BP, operator of CATS, initiated the restriction after off-specification…

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