Norway's BW Offshore will wait for markets to stabilize before launching a planned initial public offering of its oil production arm, BW Energy, an executive said on Thursday.'We are generally ready to go to the market for a listing... however…
Maersk Supply Service said it will provide an integrated mooring lines life extension solution for Shell’s floating production, storage and offloading unit (FPSO) Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro…
Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen.Shell announced it has taken financial investment decision (FID) for the project on Thursday…
Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production…
Brazil's oil production in August reached 2.989 million barrels per day, up 18.5% over the same month a year ago, as monthly output hit a record high, oil regulator ANP said on Wednesday.Brazilian natural gas production in August rose 25.3% from a year ago to 133…
Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday…
Oslo-headquartered TMC Compressors of the Seas said on Monday it has been awarded a contract from Chinese shipyard Shanghai Waigaoqiao Shipbuilding to supply the marine compressed air system to the Liza Unity floating production, storage and offloading unit (FPSO)…
Independent oil and gas company Vår Energi has awarded a contract to oilfield services company Baker Hughes, a GE company (BHGE) and Norwegian subsea contractor Ocean Installer for the engineering, procurement, construction and installation…
The Oil Companies International Marine Forum (OCIMF) has published the second edition of its Guidelines on the Marine Assessment of floating production, storage and offloading units (FPSO). According to the industry association, the publication…
A timelapse video from Energean shows the floating production, storage and offloading unit (FPSO) Energean Power being built over 10 months and then floated out from a COSCO shipyard in Zhoushan, China.The FPSO, which floated out in mid-September…
A video from Shell highlights how engineers involved in design and construction of the ultra-deepwater Appomattox development tackled complex challenges to meet the operator's ambitious goals for the project, including longer lifespan and greener operations…
Underwater inspection provider Welaptega has used its optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a subsea mooring inspection campaign for BP offshore Angola. The project saw Welaptega…
The newbuild P-68 floating production, storage and offloading vessel (FPSO) has left the shipyard and will be deployed to the ultra-deepwater Berbigão and Sururu fields in Brazil’s Santos Basin, builder Sembcorp Marine announced.The vessel was…
As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…
Norwegian engineering and construction services company Kvaerner said it will ramp up its focus on floating production and renewables projects in an effort to achieve 40% growth within two years.Going forward, Kvaerner will expand operations…