Petrobras expects pre-salt production to account for 50% of its total production by 2020, Carlos Tadeu Fraga, Petrobras’ general manager for pre-salt E&P told attendees at Rio Oil and Gas 2014 on Wednesday. Fraga (pictured) stepped in…
Eni has discovered oil in Block 15/06, in the Ochigufu exploration prospect offshore Angola. ENI said the find was 'important' and would be fast tracked to production through the Ngoma floating production, storage and offloading vessel on the company's West Hub development…
South Korea has become an international shipbuilding power-house – a name-plate for dozens of global mega-projects stretching from New Foundland to Australia. What is described as “the largest fabrication facility in the world” is in…
The Cidade de Ilhabela floating production storage and offloading unit (FPSO) sailed from the Brasa shipyard on 15 September, marking the first FPSO to be integrated at Brasa’s quay number two. The departure of the FPSO is a milestone for 2-year-old Estaleiro Brasa (shipyard)…
Ithaca Energy has completed a flow test on the fourth development well on the UK North Sea Stella field, hitting 12,005boe/d. The result takes the total field potential up to 45,000boe/d, exceeding the firm's 30,000boe/d annualised estimate for the field…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
Japan’s Mitsubishi Corp. acquired 20% of US-based Anadarko Petroleum’s interest in Block C1-103 off the coast of Côte d’Ivoire, becoming the first Japanese company to enter the oil and gas exploration business in the area. Map of Block C1-103…
UK-based heavy oil explorer Xcite Energy has signed an agreement which could pave the way for a common gas export route for the Kraken, Bentley and Bressay heavy oil fields. The collaboration agreement is between with Statoil and a subsidiary of EnQuest…
Expro has landed a major subsea contract with BP for the Quad 204 project, west of Shetland in the UK North Sea. The seven-year multi-million dollar contract will see Expro provide its latest design vertical xmas tree landing string for the installation of BP’s subsea completions…
Suncor Energy resumed production at the Terra Nova oil field, located approximately 350km southeast of St. John’s, Newfoundland, Canada, the company reported on 3 September 2014. Production resumed following planned maintenance on the field’s FPSO facility…
Networking technology works, but companies need to know the obstacles in order to avoid snares. Ellen Fussell Policastro reports. Communications will be of the essence for the Goliat floating production, storage, and offloading vessel…
Managing the process and the power systems that serve it through a single integrated control system can cut costs while giving a much better overview of the total plant. Laya Sathyadevan explains. Managing…
Stein Rasmussen, SBM Offshore’s new managing director of the Houston execution center, says he had a natural affinity with water since he was a child growing up in Norway. It’s fitting since he has spent his entire career working with floaters at companies such as Technip…
Energy analysts Douglas-Westwood estimates in its World Floating Production Market Forecast that US$91 billion will be spent on FPSs during the period of 2013-2017. This marks a 100% increase over the previous five-year period, with the global CAPEX set to double…
In advance of OE’s 2014 Global FPSO Forum, Managing Editor Audrey Leon spoke with Peter Lovie, Senior Advisor, Floating Systems for Peter M Lovie PE, LLC, and program chair for Global FPSO Forum; Arjan Voogt, MARIN USA; and Bruce Crager, Endeavor Management…
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