Aberdeen-based independent explorer Xcite Energy Resources (XER) has agreed a memorandum of understanding (MOU) with Teekay Shipping Norway on the use of a floating production facility for its Bentley heavy oil field in the North Sea. The…
A team of US BSEE engineers and inspectors conducted a safety inspection of the first FPSO (floating production storage and offloading) vessel designed and built for containment use in the Gulf of Mexico. The pre-production inspection is…
US rakes in $850million for lease sale The US Bureau of Ocean Energy Management (BOEM) received 380 bids for 326blocks in the central Gulf of Mexico, totaling more than US $850 million. Gulf of Mexico Lease Sale 231 attracted operators to bison almost 40 million acres…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a letter of intent (LOI) from Eni Angola, a wholly-owned subsidiary of Eni, for a contract for the chartering, operation, and maintenance of…
BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a floating production unit (FPSO) to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction…
North Sea independent EnQuest plans to spend about US$1 billion on new projects in 2014, including about $400 million on the Kraken FPSO development. A further $200 million will be spend on the Alma/Galia development, due on stream in H2 this year…
Jumbo signed a Contract with Subsea 7 for the provision of the floating production, storage and offloading vessel mooring piles and ground chains installation for Dana Petroleum's Western Isles Development Project (WIDP). Installation…
Keppel Offshore & Marine’s subsidiaries have secured contracts worth about US$110 million in total. Keppel Shipyard will, for SOFEC Inc., fabricate an external turret mooring system for an FPSO vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana…
Alewijnse Marine Systems won a service and maintenance contract for M3nergy’s 94,000 DWT FPSO Perintis, three weeks before it officially announces the setting up of two new Asian hubs, in Malaysia and Singapore. Under the agreement Alewijnse…
Well 9-SPS-77 is now online with a production rate of 33,000bpd, Petrobras announced. Another production well is set to start by the end of 1Q 2014. Located in the Sapinhoá oil field, Block BM-S-9 of the Santos Basin presalt area, the well is in around 2118m of water…
Energy Maritime Associates (EMA) predicts US$130 billion will be spent on floating production units by 2018. A report by the Society of Petroleum Engineers said that continued expansion in the use of subsea production technologies, coupled…
Australia’s AWE reported that the Pateke-4H development well was at a measured depth of 1507m. A 13 3/8-in casing was ran to the planned depth of 1504m. Preparations are being made to cement the casing and prepare for the installation of the subsea wellhead…
CAMAC Energy announced today that a long-term contract has been signed for the floating, production, storage, and offloading vessel (FPSO) Armada Perdana for continued use offshore Nigeria. The contract provides for an initial term of five years…
Douglas-Westwood’s latest World Floating Production Market Report forecasts that, during 2014-2018, US$99 billion will be spent on floating production systems – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa…
The INPEX-operated Ichthys LNG Project has celebrated a key milestone for its floating production, storage and offloading (FPSO) facility. The first block of the keel was placed during a ceremony in the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo…
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