Offshore Floating Production News - page 62


Shell selling BC-10 stake

Jan 29, 2014

Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…

BG cuts guidance

Jan 27, 2014

BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt.  The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…

Bualuang repairs delayed

Jan 27, 2014

Bad weather has slowed work to replace riser sections damaged when an FPSO came off station.  The Rubicon Vantage FPSO drifted into an exclusion zone designed to protect the Bualuang oil field production infrastructure in the Gulf of Thailand in bad weather…

Shell picks Prelude power systems

Jan 17, 2014

Emerson Network Power has been selected as the main uninterruptible power supply (UPS) systems provider for Shell’s Prelude floating LNG project. Prelude is the world’s first floating liquefied natural gas (FLNG) project, currently under construction in Korea…

Kvaerner to upend Aasta Hansteen

Jan 17, 2014

Technip Norge AS has awarded Kvaerner a sub-contract for the fjord base and support services related to the upending and make-ready for mating operations of the substructure for the Aasta Hansteen spar platform (pictured at right). Kvaerner's…

Shell invests in Anasuria

Jan 15, 2014

Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year.  According to a partner on one of the fields produced by the Anasuria floating production…

FPSO damages riser

Jan 08, 2014

A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…

Bumi inks Kraken deal

Dec 30, 2013

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea…

Qatar buys into Total E&P Congo

Dec 27, 2013

Total announced that Qatar Petroleum International (QPI) is now a shareholder of Total E&P Congo, holding 15% of its capital. The news follows a framework agreement that was previously signed in May. The US$1.6 billion increase of Total E&P…

Keppel lands S$150m contracts

Dec 16, 2013

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Keppel Shipyard's contracts are FPSO and FSO projects from Armada C7 Pte Ltd…

BW to take Polvo stake

Dec 13, 2013

BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field in Brazil.  Following the ongoing sale of BP's stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT's stake…

Marathon markets North Sea assets

Dec 12, 2013

Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy.  Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…

Wood Group mulls unmanned technology

Dec 09, 2013

ABTechnology Ltd. and partner Enegi have signed an option agreement with energy services firm Wood Group PSN to increase its participation in the ABT Oil and Gas project. ABT Oil and Gas is a joint project by Enegi and ABTechnology to…

An FSRU first

Dec 04, 2013

The Toscana became the world’s first permanently moored floating storage and regasification unit earlier this year. Nick Palmer talks more about the unit and its external turret mooring system. This August saw the final installation and hook up of the floating…

CATS restriction lifting

Nov 28, 2013

Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted.  Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field…

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