Floating Producer News

 

SBM Offshore Secures $620M Loan for Brazil-bound FPSO

Dec 20, 2021

Dutch floating oil and gas production firm SBM Offshore has secured a $620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão, to be deployed in Brazil for Petrobras.The FPSO Alexandre de Gusmão will…

Equinor, EWP to Cooperate on South Korean Offshore Wind Projects

Nov 17, 2021

Norway's Equinor said on Wednesday it has signed an agreement with Korean East-West Power (EWP) to cooperate on offshore wind projects in South Korea.The memorandum of understanding with state-owned EWP covers wind turbine projects with a capacity of 3 gigawatts (GW)…

Hess Sees 1 Million bpd Oil Output from Guyana by 2027

Oct 28, 2021

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday.The projection comes shortly after a second floating production…

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…

Offshore Drilling Rigs Eyed for LNG Conversion

Sep 24, 2021

Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations.According to ADC Energy…

RWE, NTE, Havfram to Bid for Floating Wind Rights in Norway

Sep 10, 2021

Renewable energy firms RWE and NTE, and offshore services company Havfram, have signed a deal to jointly participate Norwegian government’s tender for floating offshore wind energy, which will begin later this year. By 2030, Norway, one of Europe's largest oil and gas producers…

Tekmar, DeepWater Buoyancy Target Floating Wind Opportunities

Aug 16, 2021

Offshore energy equipment supplier Tekmar Group has signed a partnership agreement with DeepWater Buoyancy, a producer of subsea buoyancy products for offshore oil & gas, energy, oceanographic, and technology companies. '...the companies will…

WER: Near-term Outlook for Floating Production Systems 'Very Positive'

Jul 29, 2021

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive…

DNV to Conduct Safety Study at Offshore Hydrogen Production Site in France

Jul 15, 2021

DNV, an energy industry consultancy and assurance provider, said Thursday it would lead the process safety study to identify the main environmental, safety and operational risks for what they say will be the world's first offshore hydrogen production facilities…

BW Ideol, Hitachi ABB Power Grids Working on Floating Substations for Offshore Wind

Jun 23, 2021

Floating wind technology developer BW Ideol has teamed up with Hitachi ABB Power Grids on developing scalable floating substations for offshore wind.In what has been described as an industry-first collaboration, the duo will work on developing…

Shell Teams Up with BKK, Lyse to Bid in Norway's 1st Offshore Wind Tender

Jun 17, 2021

Oil major Shell teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades…

Norway to Offer More Areas for Offshore Wind Farms Amid Strong Interest

Jun 08, 2021

Norway will identify additional offshore areas to build wind parks amid strong interest from energy firms, the government said on Tuesday, as the oil-producing country seeks to build a domestic offshore wind industry.Norway is now opening two offshore areas to build wind farms…

ADNOC's Drilling Unit to Go Public

May 10, 2021

Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday.The oil giant invited a handful of international and local…

ExxonMobil Floats $100 Billion Carbon Storage Project

Apr 19, 2021

ExxonMobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in reservoirs under the Gulf of Mexico.The plan would…

EnQuest Starts Shutting Down Production at Don Fields in North Sea

Mar 05, 2021

UK-based oil and gas company EnQuest has said it has started cessation of production activities on the Northern Producer floating production facility at the Don fields in the North Sea.'The process, which began on Monday 1 March, is expected to take several days to complete…

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