BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.BW Offshore is in talks to divest the FPSO, operating at the Abo field offshore Nigeria, and seen as non-core to its FPSO fleet…
UK-based oil major BP, and India's Reliance Industries Limited (RIL) on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…
Malaysian FPSO leasing firm Yinson Production has, through its PTSC AP joint venture company with Vietnam's PTSC, received a 12-month extension for the bareboat charter contract for FPSO PTSC Lam Son, with a further automatic extension of 6 months…
Scana-owned Seasystems has secured contracts for an FPSO project offshore the Ivory Coast with an unnamed client.The first contract is regarding the upgrade and refurbishment of a mooring system supplied by Seasystems in 2008, and the second…
Brazilian oil company Enauta has restarted production from the Atlanta field offshore Brazil, after the completion of the scheduled maintenance shutdown of the FPSO Petrojarl I.The well production will gradually be restarted in accordance with…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…
China’s first smart FPSO Hai Yang Shi You 123 has been delivered to CNOOC in Nantong, Jiangsu.Hai Yang Shi You 123 is the first FPSO in China that integrates digital technologies including cloud computing, big data, internet of things, artificial intelligence and edge computing…
The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases.The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil…
Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects, especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.The company aims to boost output to more than 500…
BW Offshore on Monday closed the transaction for the sale of the FPSO Espoir Ivoirien to its client, CNR International, for $20 million.The closing of the deal comes after several short-term charter extensions for the FPSO operating offshore the Ivory Coast…
A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.The stay lifts a cloud over oil production at the nation's first offshore oil platform…
The Norwegian Minister of Petroleum and Energy, Terje Aasland, on Thursday granted approval for the development of Aker BP's Tyrving offshore discovery, which will be a tie-in to Alvheim FPSO.Aker BP as the operator, and its license partners…
Norwegian FPSO vessel owner BW Offshore has recently secured short contract extensions for two of its FPSOs operating in Africa.On Friday, BW Offshore said it had signed a short-term extension for the lease and operation of the FPSO Espoir Ivoirien…
Malaysian FPSO leasing firm Bumi Armada said Friday that its Armada Kraken FPSO, on a contract with EnQuest in the UK North Sea, was recently shut-in following the failure of critical hydraulic submersible pump (HSP) transformers. The Kraken…
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