Höegh LNG has received commitment letters from five international banks for a $299 million limited recourse facility for the financing of the LNG floating storage and regasification unit (FSRU) and mooring system to be located offshore Labuhan Maringgai…
This year’s OMC conference ‘Charting a course in a changing sea’ attracted more than 560 companies from 30 countries to Ravenna, Italy, for 26 technical sessions and 120 speakers. But the changing gas market was on everyone’s mind. US shale gas…
One of Jumbo’s heavy lift & installation vessels, the Fairplayer, is in Rotterdam preparing for a subsea installation project. Jumbo’s Fairplayer will be executing the installation of the mooring spread for the EnQuest Producer FPSO. This FPSO will be operating at the Alma and Galia fields…
Exploration is expanding from West Africa’s Sierra Leone to Namibia, explains Bruce Nichols, led by sustained high oil prices, improving technology, relative political stability and a more supportive operating environment. Cobalt’s potentially…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
The Skarv FPSO is BP’s first Norwegian greenfield project since 2001. Elaine Maslin explains the details. Sitting just 50km from the Arctic Circle in 350-450m of harsh waters, the Skarv FPSO is a milestone for BP. It is the firm’s first…
Hyundai Heavy Industries (HHI) has announced it won a US$1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy will carry out engineering, procurement, and construction…
FPSO Cidade de Itajaí Petrobras began producing at Baúna field, in the southern Santos Basin, off Brazil. The FPSO Cidade de Itajaí, which arrived at the field in December, was connected to well 9-SPS-88. That well is estimated to produce up to 12…
BP began production from the PSVM development in block 31, off Angola. Three wells at the Plutao field are expected to increase production at PSVM to about 70,000b/d of oil. Output will increase to 150,000b/d once Saturno, Venus, and Marte fields come online later this year and next…
Power and automation firm ABB has won two contracts worth a combined $45million on the Ichthys oil and gas project offshore Western Australia.Ichthys field layout (Image: Inpex)The firm has been appointed the main electrical contractor (MEC) for a new floating production…
Petrobras announced that in February 2013 total production of oil and natural gas in Brazil reached 2,316 thousand boe/d. Including the share operated by the company for its partners, total volume produced was 2,414 thousand boe/d, This volume corresponds to a 2…
Cegelec Oil & Gas Services won two commissioning contracts in January for the Ichthys project off the coast of Western Australia. Under the scope of the threeyear contracts, Cegelec will perform precommissioning, commissioning and engineering…
Commercial production began at Sapinhoá field in January. Located in block BMS9 in Brazil’s presalt region, the first producing well, Guara1, was connected to the FPSO Cidade de São Paulo. Guara1 has a potential production rate of 25,000b/d…
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…
UK-listed exploration and production firm Premier Oil is in the process of picking two separate FPSOs for projects in the North Sea.The firm said it was out to tender on its North Sea Catcher project for an FPSO. Concept select was agreed in…
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