Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…
BMT Scientific Marine Services Inc (BMT) has been awarded a contract from SBM Offshore to provide an integrated marine monitoring system (IMMS) for the Stones floating production, storage and offloading (FPSO) vessel in the US Gulf of Mexico…
Keppel Shipyard Ltd (Keppel Shipyard) has secured two FPSO conversion contracts worth a combined value of S$190 million (US$154.54 million). The contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Ltd. (M3nergy Offshore)…
The Norwegian Petroleum Directorate (NPD) released a report appraising five field developments on the Norwegian Continental Shelf with investments exceeding NOK 10 billion (approximately US$1.7 billion). The report examines five fields on the Norwegian Continental Shelf (NCS) – Skarv…
Shell announced that production has begun from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s southeast coast. The BC-10 project is comprised of several subsea fields which are tied back to the Espírito Santo FPSO vessel…
Cameron was awarded the contract to supply SBM Offshore with gas processing packages for floating production, storage & offloading (FPSO) vessels to be used at the Lula field, located in Brazil’s offshore pre-salt area. The FPSOs, Cidade de Maricá and Cidade de Saquarema…
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…
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…
Shell picked Technip to provide engineering, procurement, and installation services covering subsea infrastructure at the Stones field in the US Gulf of Mexico. The contract's scope includes installation of the subsea production system and Stones lateral gas pipeline…
Bowtech Products Ltd, a global market leader in subsea vision systems, announced on 9 July 2013 that it delivered a £100,000 Chain Stopper Monitoring System to SBM Offshore, to monitor the chain stoppers during installation of the BP Quad 204 Turret Mooring System (TMS)…
SBM Offshore is pleased to announce that it has received a Letter of Intent (LOI) for the twenty year charter and operation of two (2) FPSOs from BM-S-11 subsidiary Tupi BV on 22 March 2013.The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil…
QGOG Constellation S.A. announced that Queiroz Galvão Óleo e Gás S.A. (QGOG), together with its partners, signed contracts valued at US $3.5 billion for the 20-year charter and operation of two FPSOs, Cidade de Maricá and Cidade de Saquarema…
A high level of fabrication activity in and around the North Sea is attracting new players. Elaine Maslin reports. Platform fabrication for new installations in North Sea will reach fever pitch this year as a historically high number of facilities are completed for load out…
Ivanhoe Energy and SBM Offshore formed a global strategic alliance to create floating, production, upgrading, storage and offloading vessels (FPUSO). The design, the companies say, will economically produce and upgrade heavy oil from…
Brazil is a veritable diamond in the rough for foreign and local investors alike. Firms are investing in new centers of technology, fabrication, and worker training to alleviate the country’s skills and infrastructure difficulties. Brazil is very much the place to be at the moment…
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