The UK Oil and Gas Authority has granted Orcadian Energy a “Letter of no objection” related to the oil and gas company's development concept for the Pilot field in the UK North Sea.The letter signals the finalization of the “Assessment phase”…
Brazilian oil company Petrobras has signed contracts with the Dutch FPSO specialist SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão.This will be the fourth definitive floating production system to be installed in the Mero field…
Add Energy, an asset management consultancy, service, and software provider, has been hired by an unnamed 'leading FPSO operator' to complete the master data and maintenance management regime build within the company’s computerized maintenance management system (CMMS) for its new FPSO…
Singapore's Keppel Offshore & Marine has won contracts for the conversion of a Floating Storage and Regasification Unit (FSRU) and the integration of a Floating Production Storage and Offloading vessel (FPSO). For the first project, Keppel Shipyard…
Brazil's Petrobras said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area.The oil production forecast for next year fell slightly…
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period.A year ago, SBM Offshore said that…
Norwegian oil and gas company Equinor has extended the contract with the engineering and consulting firm Wood for the delivery of maintenance solutions across the Peregrino wellhead platforms (WHP) and FPSO, located offshore Rio de Janeiro, Brazil…
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil.One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO…
Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea.The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base…
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO…
Hurricane Energy, a UK-based oil firm producing oil from the Lancaster offshore field in the UK, has said it has had positive talks over the Aoka Mizu contract extension with owner Bluewater.Hurricane Energy, which started producing from the…
Malaysian FPSO supplier Yinson has signed two letters of intent with Brazilian oil company Petrobras for the charter, operations, and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin…
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana…
Oil services group SBM Offshore on Thursday revised its full-year revenue guidance, citing a deferral in the expected timing of a floating production storage and offloading (FPSO) joint venture.The Dutch company, which supplies floating oil and gas production vessels…
Norwegian oil and gas firm Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract for an FPSO to be deployed at the Wisting oil field in the Barents Sea, offshore Norway.According to Equinor, valued at around NOK 350 million…
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