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…
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…
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…
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…
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…
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”)…
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…
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…
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 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…
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…
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…
Italian oil and gas company Eni said Tuesday it had acquired Chevron interests and operatorship in the Indonesian Blocks named Ganal PSC (Chevron 62%), Rapak PSC (Chevron 62%) and Makassar Straits PSC (Chevron 72%), in the Kutei Basin, offshore East Kalimantan…
Bumi Armada's Armada Kraken FPSO, a production unit operating at EnQuest's Kraken offshore field in the UK North Sea, has increased operational performance following a shutdown in early June.As Offshore Engineer previously reported, the Armada…
Oslo-listed oil and gas company BW Energy has started production from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon.'Well performance is in line with expectations, with current production at approximately 6…
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