Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs.SBM Offshore said Friday that it had secured the loan by the…
Chinese offshore oil producer CNOOC said Friday it had begun producing oil from its Bozhong 19-4 project in the south of the Bohai Sea. Located in an average water depth of about 21 meters, the project uses the existing processing facilities of Bozhong 25-1 oilfield…
Norwegian oil company Okea expects its revenue to roughly triple in the third quarter of 2021 on higher oil and gas prices, the firm said on Wednesday, adding that it sees a an additional boost from the imminent startup of a new field.Overall…
Royal Dutch Shell Plc said on Monday it expected its crude transfer station in the Gulf of Mexico to be offline for repairs until the end of 2021 due to damages from Hurricane Ida.The facility, West Delta-143, serves as the transfer station…
Siemens Energy has earlier this month won a contract with Norway's Aker Solutions to supply the complete packages for the electrical transmission, distribution, and power management system (PMS) for the Troll West electrification project in the North Sea…
Africa-focused Tullow Oil's finance chief Les Wood will step down by the end of March, the oil and gas company said on Wednesday, after it swung back to profit in the first half of 2021.Tullow, which has been operating in Africa since 1986,…
Schlumberger's OneSubsea, a subsea production systems provider, has awarded 'a sizable' contract to offshore installation company Subsea 7, related to Shell's recently sanctioned Ormen Lange subsea compression project in Norway.The Ormen Lange subsea compression project…
Offshore installation firm McDermott said Monday that its upgraded Amazon vessel was coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon.Oil major Shell in July reached a final investment decision for its Whale deepwater field development…
Aberdeen-based Well-Safe Solutions has won a contract with Repsol Sinopec to execute the decommissioning of 14 wells in its Buchan and Hannay offshore fields in the UK.Well-Safe Solutions will utilize its purpose-built decommissioning unit specifically designed for decommissioning of subsea wells…
Dutch FPSO leasing specialist SBM Offshore has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which SBM Offshore says, is the largest project financing in the company’s history.FPSO Sepetiba, formerly known as Mero 2…
Exports of Malaysia's flagship crude oil Kimanis will fall in October and November after a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.Petroleum Brunei, one of the stakeholders…
Norwegian oil and gas company Aker BP has received approval from the Norwegian Petroleum Directorate to drill offshore wells 7/11-14 S and A, in the North Sea, off Norway.Aker BP will use Maersk Drilling's Maersk Integrator jack-up drilling…
ExxonMobil Canada has reported that a near-miss incident occurred on the Hebron offshore platform in Canada earlier this week when a hoist hook fell on the deck. Nobody was injured but the incident had the potential for fatality.The Canada-Newfoundland…
Swedish oil firm Lundin Energy has completed appraisal wells on the Lille Prinsen discovery, north of the Edvard Grieg field in the North Sea, offshore Norway. The two wells have confirmed a combined updated gross resource range of 12 – 60 million…
Brazilian oil firm Petrobras is looking to sell its stake in the Uruguá and Tambaú field in the Santos Basin, offshore Brazil.The company on Wednesday launched the opportunity disclosure stage, a so called teaser, for the potential sale of the…
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