Asia Pacific Energy Ventures said Monday it would carve out subsidiary Twenty20 Energy Systems with plans to take it public on the Nasdaq in the second quarter of 2022.Based in Singapore, Twenty20 Energy was formed in 2014 as a subsidiary of APEV…
FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23…
Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production…
SBM Offshore shares dived on Thursday after the Dutch oil and gas services company's cautious guidance disappointed the market despite full-year results meeting expectations.For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest…
Norway's Aker BP is considering whether to increase gas exports from its Skarv field to take advantage of high prices that exceed those for oil, Chief Executive Karl Johnny Hersvik said on Thursday.Aker BP currently injects natural gas produced…
The Norwegian Ministry of Petroleum and Energy on Thursday approved Aker BP's plan for development and operation (PDO) for Kobra East & Gekko (KEG) project in the Alvheim area, offshore Norway. Aker BP as the operator, and its license partners…
Brazilian oil company Enauta has completed the acquisition of the FPSO OSX-2 for the Definitive System of the Atlanta Field in Brazil for $80 million.Atlanta Field is located in the Santos Basin, offshore Brazil, and is fully owned by Enauta…
FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente.The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention…
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel…
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin…
At least three people died in Nigeria when the oil storage and production vessel, FPSO Trinity Spirit, exploded last week and four crew are still missing, the operating company said on Monday.The vessel had 10 crew on board when it exploded on Wednesday…
An oil vessel used for storage that exploded off the coast of Nigeria last week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday, as its wreckage lay in the sea after the fire was put out…
Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022.The world's largest FLNG facility had in January 2021 resumed LNG cargo shipments, almost one year after a shutdown caused by an electrical trip…
The Trinity Spirit FPSO, operated by Nigeria's SEPCOL, exploded Wednesday and started burning, and, according to videos shared on social media, sinking. However, according to Rystad Energy, the incident is not expected to have an impact on Nigerian…
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea.Nigeria's Shebah…
Subscribe
