Offshore Floating Production News - page 10

 

Seatrium Bags Contract for Shell's Sparta Production Unit

Aug 27, 2023

Singapore-based Seatrium Oil and Gas International has signed a Letter of Intent with Shell Offshore for construction work relating to Shell’s Sparta project in the Gulf of Mexico.Sparta is a deepwater development approximately 170 miles off the Louisiana coast…

Guyana's Oil Boom Grabs Bigger Share of European Market

Aug 23, 2023

Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows…

Jadestone Working to Restore Montara Venture FPSO Production

Aug 23, 2023

Jadestone Energy said it is making progress toward resuming production from the Montara Venture floating production storage and offloading (FPSO) unit offshore Australia.The Asia Pacific-focused independent oil and gas production company in…

Exxon Proposes Sixth Oil Project in Guyana for $12.9 Billion

Aug 21, 2023

Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country.The floating production platform for the so-called Whiptail…

Saipem to Convert Drilling Rig into FPU for Eni Congo. Wins Gig with BP in Gulf of Mexico

Aug 11, 2023

Italian energy industry services firm Saipem has won two new contracts, the first by Eni Congo and the other by BP, for a total value of around $700 million.The first contract has been awarded to Saipem by Eni Congo for the conversion of Scarabeo…

Jadestone Energy Working to Address Tank Defect on Montara Venture FPSO

Aug 10, 2023

Asia Pacific-focused Jadestone Energy, which last month shut down production from its Montara Venture FPSO off Western Australia due to an issue with the FPSO's 4S ballast water tank,is still working to address the defect in the tank.Jadestone Energy said Thursday that since the shutdown…

SBM Offshore's H1 Core Profit Misses Estimates, Falls Below 2022 level

Aug 10, 2023

Dutch oil and gas services company SBM Offshore reported on Thursday half-year earnings before interest, tax, depreciation, and amortization (EBITDA) that missed consensus estimates and fell below the level seen a year earlier.The group, which supplies and operates floating production…

Sangomar FPSO 90% Complete

Aug 09, 2023

The FPSO being built for the Sangomar development, Senegal's first offshore oil project, is 90% complete and is expected in Senegal in February 2024.The information was shared on X by Senegal's Ministry of Petroleum and Energy, whose delegation…

Yinson Secures $230 Million Loan for FPSO Maria Quitéria Project in Brazil

Aug 07, 2023

Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil.The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”)…

North Sea Oil Field Receives Regulatory Nod

Aug 03, 2023

Anasuria Hibiscus UK Limited, a UK-subsidiary of the Malaysian oil firm Hibiscus Petroleum has received a Development and Production Works Consent to a Field Development Plan (“FDP”) for the Teal West field in the UK North Sea.The consent was granted by the UK energy industry regulator…

Yinson Acquires Atlanta FPSO. First Oil in Mid-2024

Aug 02, 2023

Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil.Yinson acquired the FPSO through the acquisition of AFPS B…

Two Week Contract Extension for FPSO in Nigeria

Aug 01, 2023

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO…

Jadestone Energy's Montara Venture FPSO Shut Down Again After Gas Alarm Triggered

Jul 31, 2023

Jadestone Energy's Montara Venture FPSO offshore Australia, which had resumed output in March after a lengthy shutdown, has been shut down again.Jadestone said Monday that on July 29, 2023, a gas alarm was triggered within ballast water tank 4S…

Petrobras' Oil Output Dips Slightly in Second Quarter

Jul 27, 2023

Brazilian state-run oil company Petrobras said on Wednesday its second-quarter crude oil production fell 0.6% compared to the same period last year. The firm pumped 2.10 million barrels per day (bpd) between April and June, it said in a securities filing…

Indonesia's Big Gas Projects to Proceed after Global Majors Sell Stakes

Jul 25, 2023

Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni ENI.MI will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.Indonesia has seen…

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