Sulzer Pumps will supply 42 pumps for installation on two floating production storage and offloading (FPSO) vessels (P-66 and P-69) that will operate in the pre salt Iracema cluster areas located in the Santos Basin, off the coast of Rio de Janeiro…
Austrian energy group OMV is to buy Norwegian and UK North Sea assets from Norway’s Statoil in a US$2.65billion deal. The deal will see OMV acquire 19% interest in the producing Gullfaks field and 24% in the Gudrun field, both oil and gas fields offshore the Norwegian Continental Shelf…
Keppel Shipyard has been awarded two floating production storage and offloading (FPSO) conversion contracts, including one for Shell's Stone's project, worth a combined value of US$150 million (S$190 million). The first is from SBM Offshore…
First oil on EnQuest’s Alma/Galia project is now scheduled for Q1 next year, weather permitting, due to an increase in the scope of work on the development's floating production unit. EnQuest said the increased work related to the refurbishment…
International Maritime Associates (IMA) and Energy Maritime Associates (EMA) have completed an in-depth analysis of the floating production sector. The inventory of floating production systems is now at 269 units – FPSOs account for 61% of the existing systems…
Tullow Ghana Ltd. awarded Modec subsidiary TEN Ghana MV25 B.V. contracts for the supply, charter and lease, operations and maintenance of a FPSO vessel for the Tweneboa, Enyenra, and Ntomme (TEN) fields in the Deepwater Tano contract area…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Sophisticated monitoring systems on floating production systems can provide real time information for operational support and to improve performance, but a holistic approach is needed to be fully beneficial. Louise Ledgard, head of oil and gas business development…
PTTEP Australasia achieved first oil from the Montara field in the Timor Sea off Western Australia. The Montara Venture FPSO started production at the H2 well in early June. The company expects to ramp production to 21,000bo/d with first off-take of oil from the FPSO occurring by August…
DOF Subsea Norway has been awarded a contract by Teekay Petrojarl Production in Norway for work on a newbuild FPSO. The scope of work includes mooring pre-installation, tow-out and hook-up work for Teekay Petrojarl Production’s new FPSO…
Sabah Shell Petroleum Co. Ltd. received a semisubmersible floating production system (FPS) for Malaysia’s Gumusut-Kakap deepwater field offshore Sabah. The FPS was handed over to Sabah Shell in early June and is installed in about 1200m water depth…
Subsea services and technology company Cortez Subsea has been awarded £1.5million of contracts across its pipeline installation and decommissioning services during Q3, 2013. The Aberdeen-based firm has completed the first phase of work on a North Sea floating production…
Tritech has been awarded a contract for its real-time riser and mooring line monitoring system RAMS. Following a competitive and detailed bidding process, the firm's system was selected by Single Buoy Moorings (SBM), designer and supplier of turret mooring systems (TMS)…
SBM Offshore was contracted by Shell to supply an FPSO for the Stones development project in the Gulf of Mexico. The contract, valued at about US $1 billion, includes an initial period of 10 years with future extension options up to 20 years…
BW Offshore has agreed an extension for FPSO Sendje Berge with Addax Petroleum Exploration Ltd. until the end of Q1 2014. The extension has been agreed to secure operational continuity while joint work to detail longer term program for investment and production is completed.
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