Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
Petrobas' pre-salt production has reached 40% of all the state-oil firm's production in Brazil and 12 more systems are due online in the Santos Basin alone by 2020, the firm has said. The milestone was reached as over all pre-salt production set new highs…
Marine and offshore engineering consultancy Aqualis Offshore has signed a contract to provide position keeping services for the installation of the Ichthys LNG Project FPSO. Under the contract, Aqualis Offshore will manage the position…
The oil and gas division of Vinci Energie's industrial processes unit Actemium has won a US multi-million contract with BP Angola. The ”two-asset” agreement, the first of its kind for BP’s Angolan operations, will see Actemium become…
Model testing of Norwegian ship designer Sevan Marine's cylindrical hull concept for use in the Gulf of Mexico's ultra deepwaters has shown positive results, the firm has reported. The hull design has been tested at the Offshore Technology…
The Cidade de Saquarema floating production and storage offloading (FPSO) unit is sailing to the Lula field offshore Brazil for its 20-year contract, following its recent conversion at the BRASA shipyard. Cidade de Saquarema departs from BRASA shipyard…
Ithaca Energy's UK North Sea Stella field production is on schedule for September 2016, following planned sailaway of the FPF-1 floating production facility from Poland next month. The FPF-1, previously used by Hess on the North Sea Ivanhoe and Rob Roy fields…
Inpex completed the offshore pre-lay of the 77km chain and cable mooring system for its Ichthys LNG project in the Browse Basin, located off the northern coast of Western Australia. As part of the mooring system, 49 chains were laid on…
UK independent operator Premier Oil says it has cut costs on its North Sea Catcher floating production project by 15% - and the project remains on schedule. Forecast gross capex to first oil is now anticipated to be about US$1.35 billion…
Norway's Sevan Marine is to do further work around a possible floating LNG (FLNG) development using its cylindrical vessel concept for a US oil major. The work follows a paid FLNG feasibility study for the use of the Sevan cylindrical hull for a specific FLNG development…
In this illustrated video, Italian giant Eni give an overview of the Offshore Cape Three Points (OCTP) project that is located offshore Ghana. The existing project involves the development of multiple subsea wells tied back to a FPSO…
Nexen Petroleum is to end production from the Ettrick field in the North Sea and remove the floating production facility FPSO Aoka Mizu from the location. Nexen, which is owned by China National Offshore Corporation, terminated a contract with FPSO provider Bluewater in March…
First oil has been achieved from the Aje field, offshore Nigeria, according to field partner Panoro Energy. The field is in OML 113, in the western part of Nigeria in the Dahomey Basin, and operated by Yinka Folawiyo Petroleum Company…
Repsol has been given the green light to remove the Petrojarl Varg floating production unit and related subsea structures from the Varg field offshore Norway. The Varg oil field is in the North Sea, about 220km south-west of Utsira in Rogaland county…
Remaining competitive through the downturn is a tall order for some. Caitlin Shaw, of Quest Offshore Resources, examines how the exploration, drilling and subsea segments are expected to fare through 2017. The…
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