Korea Shipbuilding & Offshore Engineering has through its subsidiary Hyundai Heavy Industries secured a ~$764,5 million order for the construction of an FPSO Hull.In a stock exchange filing on Tuesday, KSOE said it had secured a KRW 854,7 billion…
French oil major Total has started oil production from the Zinia Phase 2 project offshore Angola, connected to the existing Pazflor FPSO.The Zinia Phase 2 project includes the drilling of nine wells and is expected to reach a production of 40…
Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil…
Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER)…
Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.Petroleo Brasileiro SA, as the company is formally known…
U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…
Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil.In a statement on Friday, responding to an article by Upstream Daily News…
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV…
SBM Offshore, one of the world's largest suppliers of FPSOs, has hired the Italian engineering firm Remazel Engineering for the supply of a mooring tensioning system and riser pull-in package for an FPSO being built for deployment at ExxonMobil's Stabroek block in Guyana…
Canadian oil and gas company Suncor Energy said an agreement has been reached for the Terra Nova FPSO (and the namesake oil field) which was last year docked shoreside in Newfoundland after Covid-19 prevented the planned drydocking in Spain…
British oil major BP has suspended production from the Foinaven fields west of Shetland in the UK, as the long-serving FPSO Petrojarl Foinaven through which the fields are producing oil is nearing the end of its 25-year design life, and will be removed from site…
UK-based oil and gas company Hurricane Energy has hired the Stena Don semi-submersible drilling rig for the plugging and abandonment of its Lincoln-14 offshore well west of Shetland.The Lincoln-14 well, formally named the 205/26b-14, is located…
Brazilian oil company Petrobras has ordered an FPSO from Singapore's Keppel Shipyard, in what will be the seventh FPSO unit installed in the Búzios field, in the Santos Basin.The FPSO, to be named P-78, will have a processing capacity of 180 thousand barrels of oil per day and 7…
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