Floating Producer News

 

Supply-side Paradox in a Supermajor Exit

Sep 10, 2019

The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…

NGO Pushes for Green Recycling in North Sea

Sep 05, 2019

With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures…

FLNG Project Count Hits 20

Aug 26, 2019

Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…

Prelude FLNG Ships First LNG Cargo

Jun 11, 2019

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…

TechnipFMC Bags Barossa SPS Project

May 09, 2019

US oil major ConocoPhillips has picked TechnipFMC to supply the subsea production system for its Barossa in the Timor Sea, offshore Australia, according to partner Australian oil and gas producer Santos . The contract includes the engineering…

FSRUs, Floating Power Figure in Gas Markets Revival

Apr 30, 2019

With oil prices pushing toward USD 80 dollar on geo-political strife, there’s the expectation of a concurrent rise in world gas prices and regional liquefied natural gas (LNG) projects, judging by some frenetic dealmaking of late.Few things…

Prelude FLNG's Rise

Jan 30, 2019

When at plateau production, Prelude FLNG — the world’s largest floating producer of liquefied natural gas, or LNG — will fill one shipborne cargo every week. As production ramps up from test volumes, there’s the dawning realization of a dramatic shift in LNG markets…

Santos Boosts Van Gogh Production

Jan 22, 2019

Australian producer Santos announced Tuesday that it has achieved first oil from the Van Gogh infill project, marking the completion of a two-well program to increase production from the field.The Santos-operated Van Gogh field is one of three…

Danos Secures GoM Contracts

Jan 07, 2019

Danos announced Monday it has secured a contract with Equinor for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.The Equinor project began late 2018 and employs production personnel on the floating…

Angola Could Partially List Oil Company Sonangol

Oct 11, 2018

Angola, Africa's second largest crude producer, could partially list state oil company Sonangol, a spokesman for the ministry of mineral resources and oil said on Thursday.This follows comments by Mineral Resources and Oil Minister Diamantino Azevedo…

Norway Wants to Build Floating Wind Farms

Jun 15, 2018

Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation…

Statoil awards battery contract for Hywind Scotland

Nov 28, 2017

Statoil has awarded a contract to Younicos, a provider of smart energy and grid solutions based on battery storage, to deliver a 1MW battery system that will be connected to Hywind Scotland, the world’s first floating wind farm. The purpose of the battery storage solution project…

Maersk Oil awards Sparrows floating assets contract

Feb 27, 2017

Sparrows Group has secured a five-year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets. The agreement will see Sparrows support the operator in strengthening its lifting operations for the…

Israel's Delek in Ithaca takeover bid

Feb 06, 2017

Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…

Premier cuts Catcher costs, plans Tolmount

Jan 12, 2017

Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion.   The Catcher area is expected to produce 96 MMboe…

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