Offshore Engineer Floating Production News

 

Petrobras P-77 FPSO Starts Production

Mar 19, 2019

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it had started production at its P-77 platform, its fourth platform to enter operations in the Buzios field within the pre-salt region of Bacia de Santos.Petrobras, as the company is known…

Aoka Mizu FPSO Hooks Up to Lancaster Field

Mar 19, 2019

Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.Hurricane…

Petrobras Concentrates Its Efforts

Mar 14, 2019

As the world's top oil companies diversify and expand their presence in the petrochemicals and renewables segments, Petrobras is craving to be a less verticalized company.As partner to the Brazilian government in one of the industry's most coveted…

Petronas FLNG Relocates to Sabah

Mar 13, 2019

Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the eastern state of Sabah, nearly two years after it began operations.The Petronas FLNG (PFLNG) Satu is now moored in the Kebabangan cluster field…

Petrobras Plans to Slash Opex by $8.1 Bln

Mar 11, 2019

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.Petrobras said…

BW Offshore: FPSOs and a Big New Oilfield

Mar 11, 2019

When BW Offshore agreed at the weekend to pay Brazilian oil company Petrobras $90 million for 70 percent of the Maromba field offshore Brazil, the company was launching in earnest a strategy to buffer itself from lulls in spending on floating production storage and offloading vessels (FPSO)…

Petrobras Cuts Costs with Stream Data Analytics

Mar 07, 2019

Petrobras has faced multiple challenges in exploring deepwater pre-salt reservoirs since 2006. These large reservoirs located under massive salt domes are extremely difficult to drill because of low penetration rates and the nature of the salt formations that can be over 2…

2G and 4G Coming to the Goliat Field

Mar 07, 2019

Vår Energi AS, operator of the Goliat field in the Barents Sea, announced Thursday it has entered into an agreement with Telenor Maritime to equip the field with 2G and 4G networks, in an effort to improve safety and emergency response capability in the region…

First US FLNG Project Moving Ahead

Mar 07, 2019

Plans to construct a U.S. floating liquefied natural gas (FLNG) vessel in China, which may also provide funding and buy part of its output, are moving ahead despite trade tension between the countries, an executive at one of the partners said on Thursday…

Leak Detection Sonar Deployed in the US Gulf

Mar 05, 2019

A sonar monitoring system will help a major US oil company to reinforce its deepwater offshore asset integrity assurance in the US Gulf of Mexico.The system, a wide-area Sentry Integrity Monitoring Sonar (IMS) developed and delivered by subsea engineering specialist Sonardyne International…

BW Offshore May Buy Brazilian Oilfield

Mar 04, 2019

Norway's BW Offshore is considering whether to buy Brazil's Maromba oilfield from Petroleo Brasileiro (Petrobras) and Chevron, for an undisclosed price, the Oslo-listed company said on Monday.A final deal is subject to board approvals and other conditions…

TechnipFMC Wins EPCIC Contract for Tortue/Ahmeyim FPSO

Mar 01, 2019

TechnipFMC announced Friday it has been awarded a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed for the Greater Tortue Ahmeyim project offshore West Africa…

Yinson, First E&P in $902 Mln FPSO Deal

Mar 01, 2019

Malaysia’s floating production storage and offloading (FPSO) operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company Ltd (First E&P) have executed a contract for an FPSO to be deployed offshore Nigeria.The contracts worth $901…

Petrobras: First Annual Profit in 5 Years

Feb 28, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in the fourth quarter, although one-time provisions and writedowns led it to miss estimates.In a securities filing…

Mozambique’s Offshore Plans Gain Vigor

Feb 28, 2019

For the joint partners in the Mozambique Area 1 project, 2019 started off on a high note with the signing of five new gas sale and purchase agreements that pushes closer to realization Mozambique's first onshore LNG facility on which the development…

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