Orwell Offshore and FES International have landed a multi-million dollar contract from TH Heavy Engineering Berhad for the supply of an external turret system for the FPSO Layang. The combined contract value is estimated at US$40 million…
Australian exploration firm AWE has agreed a one year contract extension for the lease and operation of the FPSO Umuroa, operating on the Tui Area oil project, offshore New Zealand, from Norway-based BW Offshore. As a result, the contract period has been extended to Q4 2016 (from Q4 2015)…
Ithaca Energy has appointed Roy Buchan as its Chief Operations Officer, starting 5 January 2015, and announced that Chief Development Officer John Woods is to leave the company on 31 January. The move comes as Ithaca nears first production…
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an engineering, procurement and commissoining contract contract by Petrojarl I for the upgrade of its FPSO Petrojarl I. The Petrojarl I (pictured) is a Teekay Petrojarl-managed FPSO…
Teekay Offshore Partners has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field in the Santos Basin offshore Brazil…
SBM Offshore CEO Bruno Chabas has said the firm is well positioned to weather the current down-turn in oil prices thanks to 90% of its backlog consisting of lease and operate income with dayrates not dependent on oil prices or production levels…
Swedish heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply compact heat exchangers for two FPSOs to be moored offshore Angola. The order is worth about SEK 50 million (US$6.6 million) and delivery is scheduled for 2015…
Floating production and mooring specialists SBM Offshore is cutting 1200 jobs and relocating its headquarters from Monaco to Amsterdam, the firm announced this morning. SBM said: 'In light of market conditions and in order to optimize the company's cost base…
McDermott International has concluded the transportation and installation of a Yoke-type single point mooring tower and hook-up to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Deepwater is a big play for Chevron – one which comes with challenges that the super major is working hard to overcome. Transocean’s drillship Discoverer Deep Seas, which drilled at Chevron’s Tahiti prospect…
China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project. Xijiang 24-3 facility…
Oil & Gas UK has published two updated sets of guidelines to help operators of floating production storage and offloading facilities (FPSOs), floating storage units (FSUs) and offtake tankers to adopt advances in industry good practice. Oil & Gas UK’s operations director…
Dr. Helmut Sohmen has announced his retirement, effective 20 November 2014, as Chairman of the Board of BW Offshore Ltd., which owns and operates floating production systems worldwide. He has served as Chair since 2005. Andreas Sohmen…
International independent Premier Oil has said its Falklands Sea Lion development is to be scaled back, initially, to make it a phased development due to rising costs and low oil prices. Initial costs on an initial, smaller floating…
Classification society ClassNK has given approval in principle to a new H2/CO2 floating production, storage and offloading (FPSO) to a new design developed by Mitsubishi Heavy Industries (MHI) and Chiyoda Corporation. FPSOs are used by…
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