Very Large Crude Carriers News

 

Sea Lion costs down to US$1.5 billion

Sep 14, 2016

Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…

Shell extends Fluminense contract

Sep 01, 2016

Shell, through its subsidiary Shell Brasil Petroleo, extended its contract with MODEC for operations and maintenance of the FPSO Fluminense, effective from August 2016 to December 2020. The FPSO has been operating in the Bijupirá and…

Petrobras starts up Cidade de Saquarema

Jul 12, 2016

Petrobras has started production from the Cidade de Saquarema floating production and storage offloading (FPSO) unit on the giant Lula field, offshore Brazil. Cidade de Saquarema, from SBM Offshore…

TEN FPSO arrives in field

Mar 03, 2016

The Prof. John Atta Mills floating production, storage and offloading vessel has arrived at the TEN project offshore Ghana, after a five week voyage from Singapore. TEN field operator Tullow Oil said first oil from the development is on track for July/August…

Video: TEN FPSO sailaway

Feb 01, 2016

The floating production, storage and offloading (FPSO) vessel, Prof. John Evans Atta Mills set sail from Singapore on 23 January.  The vessel is sailing to Ghana, where it will produce and store oil from Ghana’s Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields…

TEN sailaway due this month

Jan 13, 2016

Tullow Oil's TEN project is now 80% complete, with first oil scheduled for between July and August this year, the firm said this morning. Sailaway of the TEN FPSO from Singapore to Ghana is expected late January, with arrival in Ghana in early March…

TEN on track

Nov 12, 2015

Tullow Oil's TEN development project offshore Ghana is about 75% complete and on schedule and on budget to deliver first oil in mid-2016, the firm said this morning.  The floating production, storage and offloading vessel for the project…

EIA analyzes crude export ban effects

Sep 02, 2015

The recent rise in domestic crude oil production from 5.6 MMb/d in 2009 to 8.7 MMb/d in 2014 and the prospect of continued supply growth have sparked interest in the question of how the relaxation or removal of current policies, which restrict…

Tracking floating production in Mexico

May 01, 2015

Bruce Crager profiles some of the floating production vessels already being used offshore Mexico, and highlights what is yet to come. FPSO Yùum K’ak’Náab is currently operating in the KMZ oilfield in the Bay of Campeche…

Border bust-up won’t stop TEN

May 01, 2015

John Bradbury profiles Tullow Oil’s major TEN development offshore Ghana, its second development in the area following its success at the deepwater Jubilee field. TEN project location offshore Ghana…

Court ruling clears TEN path

Apr 27, 2015

A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana.  The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…

PPGC cancels Leviathan deal

Mar 11, 2015

The Leviathan project takes another hit after the Palestine Power Generation Co. (PPGC) gave its notice to cancel its 20-year agreement to supply natural gas for Leviathan, offshore Israel. Map of Israel…

Schneider Electric wins Kaombo contract

Feb 24, 2015

Saipem awarded Schneider Electric a contract to design, fabricate and pre-commission two E-House modules, fully-integrated technical buildings, to support the Total E&P Angola-operated deep offshore Kaombo FPSO project. Located 260km offshore Luanda in water depths ranging from 1400-1950 m…

Conversion work

Feb 04, 2015

Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…

Tullow cuts 2015 exploration spend

Nov 14, 2014

Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices.  The move will see Tullow’s investment focus on West Africa…

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