Offshore Floating Production News - page 11

 

Floating Production Rebound Continues

Feb 10, 2020

Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production floater orders and large industry cutbacks in upstream spending…

Petrobras Charters AET Shuttle Tanker Trio for $525.6M

Feb 06, 2020

Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would…

Energean Braces for Coronavirus Impact on FPSO Delivery

Feb 06, 2020

The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country.Just last week, Energean said that the delivery of the hull of…

Prelude FLNG Shut Down

Feb 05, 2020

Royal Dutch Shell said on Tuesday it has temporarily suspended production at its Prelude floating liquefied natural gas (LNG) facility off northwest Australia following an electrical trip on Feb. 2.Work is underway to restore full operations…

Aibel Clinches Bacalhau FPSO Award

Feb 05, 2020

Japanese FPSO specialist MODEC has awarded Aibel a Letter of Intent for an engineering services front end engineering and design (FEED) in relation to the recently awarded Bacalhau FPSO contract by Equinor.Bacalhau FPSO will be the largest ever…

Independent Operators Lead 2020 FPSO Surge

Feb 04, 2020

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…

Exxon: 2nd Lift of Guyanese Crude Underway

Feb 04, 2020

Exxon Mobil's second lift of Guyanese crude from the offshore Liza Destiny platform is underway and has been sold on the open market, the company said on Monday. The U.S. oil major, in a consortium with Hess Corp and China's CNOOC Ltd, has discovered…

PetroRio to Acquire OSX-3 FPSO for $140M

Feb 04, 2020

Brazilian oil company PetroRio has agreed to buy the OSX-3 FPSO for $140 million, and acquire an 80 percent stake in the Dommo Energia's Tubarao Martelo field off Brazil where the FPSO is currently deployed. The OSX-3 FPSO was built and delivered to the Tubarão Martelo Field in 2012…

FPSO P-70 'Stable' After Storm Pushes it Near Coast

Feb 03, 2020

Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi.'Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…

Veolia's Seawater System for MODEC FPSO

Jan 31, 2020

Japanese FPSO giant MODEC has ordered a seawater treatment package for the FPSO Almirante Barroso from Veolia Water Technologies.Under the contract, Veolia will be responsible for the design and procurement of equipment with construction for a seawater treatment plant sizedfor 280…

Japanese Quartet Moves Ahead with Marlim FPSO

Jan 31, 2020

Japanese companies MODEC, Mitsui, MOL, and Marubeni will jointly invest in the Petrobras-bound Marlim FPSO.MODEC in October 2019 received a letter of intent from Petrobras for the supply, charter, and operations of the Marlim-1 FPSO.Now Mitsui…

FPSO Orders Continue Climb

Jan 30, 2020

The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says.Oil prices…

Equinor taps Modec for Brazil's Largest FPSO

Jan 30, 2020

Japan's Modec has won an order from Equinor to supply an FPSO for the Norwegian firm's Bacalhau (formerly Carcará) field offshore Brazil. According to Equinor and Modec, this will be the largest FPSO in Brazil.'This contract is based on a two-step award…

Hurricane Energy: Lancaster Output Above Expectations

Jan 29, 2020

UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…

BW Offshore Shaves Off BW Energy IPO Valuation

Jan 29, 2020

BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million…

Current News

Nigeria: FPSO Workers Released after Kidnapping

Nigeria: FPSO Workers Released after Kidnapping

DOF Subsea Wins 'Key Award' with Chevron in Australia

DOF Subsea Wins 'Key Award' with Chevron in Australia

Petrobras to Mothball Offshore Platform to Cut Costs

Petrobras to Mothball Offshore Platform to Cut Costs

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

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