Floatingproduction News

 

Equinor Eyes Floating OWF in Canary Islands

Jun 05, 2019

Norwegian energy giant Equinor has received the green light to build a 200-MW floating offshore wind farm (OWF) off the coast of the Canary Islands.According to local media report, the energy major planning to invest around €860M to the OWF off Spain's Gran Canaria island.Equinor had earlier sent an expression of interest to the Government of Spain to develop the OWF in an area southeast of the island…

Dubai Intros Floating Solar Power Plants

Jun 11, 2019

The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf.'This is a new and innovative initiative by…

Ocean Yield Extends FPSO Deal with Aker Energy

May 29, 2019

Norway-based shipping company Ocean Yield has entered into an option agreement with Aker Energy for a long-term bareboat charter of the FPSO Dhirubhai-1.The option period expired on the 1st of May but was extended until the 30th of May 2019…

SBM Wins ExxonMobil Guyana FPSO Order

May 13, 2019

Dutch-based floating production and mooring systems (FPSO) provider SBM Offshore has  won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.Esso Exploration and Production Guyana Limited (EEPGL)…

DNVGL: New Mooring Line Solution for Offshore Ops

May 06, 2019

DNV GL has developed a solution that is designed to reduce the risk of offshore floating vessel mooring line failure going undetected by replacing physical sensors with a machine learning algorithm that accurately predicts line failure in real time…

Aker Energy Extends FPSO Dhirubhai-1 Charter

May 01, 2019

The oil and gas company Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has paid to extend an option it has for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1.A press release said that on the 12th of February 2019…

Bumi Armada Refinances Debts, Plans Vessels Sale

Apr 25, 2019

Malaysia's offshore energy vessels and services provider Bumi Armada has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels.In a statement today, the offshore energy facilities and services…

Woodside Selects MODEC for SNE Field

Feb 25, 2019

Australian petroleum exploration and production company Woodside Energy  has awarded MODEC International the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility…

FPS Market in Americas to Grow 7%

Feb 22, 2019

The floating production systems (FPS) market in Americas will register a CAGR of almost 7% by 2023, said a study.The need to meet the increase in demand for energy for both export and domestic consumption in the region is driving the growth of offshore oil and gas activities…

Petrobras Kicks Off Third Buzios FPSO

Feb 21, 2019

Brazil's state-run oil company Petroleo Brasileiro SA  (Petrobras) has started producing oil and gas from the P-76 FPSO in the Búzios field in the Santos Basin, offshore Brazil.The oil and gas company said that with a daily capacity to process up to 150…

2021 to See 33 More FPSOs

Feb 19, 2019

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of…

Yinson Wins USD578 million Contract from JX Nippon

Feb 17, 2019

Global FPSO provider Yinson Holdings Berhad  said its wholly-owned unit has been awarded a US$578 million (RM2.357 billion) contract from JX Nippon Oil & Gas Exploration (M) Ltd.According to a stock exchange filing from the Malaysian floating…

Shell Invites Bid for FPSO in Bonga

Feb 14, 2019

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of invitation to tender (ITT) to contractors for the development of the Bonga South-West Aparo (BSWA) oil field.SNEPCo said in a statement that the project’s initial phase included a new Floating…

SENER, Cobra Join Force for Floating Marine Wind Farm Scotland

Jan 28, 2019

European engineering and technology group SENER will be involved in a large floating offshore wind farm that COBRA is building 15 km offshore from the Scottish coast of Aberdeen.SENER's work will range from supervising the manufacture of the…

Alexandroupolis FSRU Delivery Delayed by Six Months

Jan 15, 2019

Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of offshore floating, storage and regasification unit (FSRU) for the Alexandroupolis Independent Natural Gas System Project…

Current News

Subsea Power Distribution Drawing Near

Subsea Power Distribution Drawing Near

Jan De Nul Scores OWF Contract in Taiwan

Further Delay in Barryroe Project Loan

Seadrill Gets Kosmos Job

Siemens Gamesa Bags Formosa 2 Project

NPD Grants Drilling Permit to Aker BP

Abadi LNG Development Deal Reached

Abadi LNG Development Deal Reached

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