Offshore FPSO News - page 8

 

Some 30 FPSOs Could Go off Hire by 2022 End, Westwood Says

May 19, 2021

The number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming available by end of 2022, energy market research firm Westwood said Wednesday.Westwood…

Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

May 12, 2021

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…

SBM Offshore Upbeat on New FPSO Projects after Q1 Revenue Drop

May 12, 2021

A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business.The Dutch-based company's…

Korea Shipbuilding & Offshore Engineering Confirms $764,5M FPSO Hull Order

May 11, 2021

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…

Total Brings Online Zinia Phase 2 Offshore Angola

May 06, 2021

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…

Long-term Contract: Axess to Inspect Altera's FPSOs

May 05, 2021

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…

Petrobras Will Bid for Atapu and Sepia Oil Fields

Apr 29, 2021

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…

Market Signals Fast Rebound in Floating Production Orders

Apr 28, 2021

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)…

Petrobras Q1 Production Buoyed by Atapu

Apr 27, 2021

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…

ExxonMobil Makes Oil Discovery at Uaru-2 Offshore Guyana

Apr 27, 2021

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…

VIDEO: After Modest 2020, the Years 2021 and 2022 Could Be 'Pretty Good' for FPS Orders

Apr 19, 2021

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…

Keppel in Talks with Petrobras to Build FPSO for Buzios Field

Apr 19, 2021

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…

BP Suspends Output from Foinaven Fields as Long-Serving FPSO Petrojarl Foinaven Nears End of Life

Apr 15, 2021

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…

Brazil: Enauta Gets Approval to Take Barra's Stake in Atlanta Field

Apr 09, 2021

Brazilian oil company Enauta has received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit the field located in the Santos Basin.Enauta said that…

Sangomar FPSO Construction Starts in China

Apr 05, 2021

The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…

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