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Drydocks World Orders Region’s Largest Floating Sheerleg Crane
Drydocks World has signed a deal for the largest floating sheerleg crane in the Middle East and Africa. Fabricated by Shanghai Zhenhua Heavy Industries (ZPMC), the new 5,000 tonne crane features a 160-meter-long A-frame and a 600-tonne fly jib that can extend its reach to 180 meters.
ABS Greenlights Toray’s Innovative Technique for In-Situ FSO, FPSO Repairs
Japan-based Toray Industries has secured type approval from the American Bureau of Shipping (ABS) for the vacuum-assisted resin transfer molding (VaRTM) process for in-situ ship repairs, developed jointly with MODEC. The technique entails applying…
Johan Castberg FPSO Anchors at Barents Sea Field
Equinor, the operator of the Johan Castberg field, has anchored the floating production, storage and offloading vessel (FPSO) unit at the field in in the Barents Sea, which is expected to start producing at the end of 2024. The hook-up of the FPSO to the subsea facilities…
Brazil Authorities Issue Operating License for Atlanta FPSO
Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil.
Seatrium Hires KBR on Topsides Job for FPSOs Bound for Petrobras Brazil Fields
U.S.-based engineering and construction giant KBR has been hired by Seatrium to develop topsides facilities for two floating production storage and offloading (FPSO) units, being designed for Petrobras’ Atapu and Sepia fields in the Santos Basin, offshore Brazil.
SBM Offshore and MISC Berhad Ink Share Purchase Deals for Two FPSOs
SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units. Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest…
Oil Production Starts at Aker BP’s Tyrving Field
The production of oil from the Tryving filed in the Alvheim area offshore Norway, operated by Aker BP, with Petoro and PGNiG Upstream Norway as partners, has begun. The Tyrving development leverages the planned extended lifetime for the Alvheim…
DNO Concludes Acquisition of Stakes in Five Norne Area Oil and Gas Fields
Norwegian oil and gas operator DNO has completed the acquisition of stakes in five oil and gas fields, including an operatorship, in the Norne area in the Norwegian Sea from Vår Energi. Following the closing of the transaction, DNO’s wholly…
Namibia: The Newest Most Promising Deepwater Rig Demand Hotspot
Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs. According to Westwood’s Wildcat , “the…
Full Output Resumes at Liza Unity in Guyana
An Exxon Mobil consortium's crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday. Output had fallen to between 400,000 and 500…
Anasuria Hibiscus taps Ocean Installer for 'Sizeable' Subsea Tie-Back Project
Ocean Installer won 'a sizeable' project from Anasuria Hibiscus UK Limited as part of a new frame agreement for offshore construction. The Teal West Development comprises a subsea tie-back to the Anasuria FPSO. The scope of work on Teal West includes installation of manifold…
Aker BP, Aize Expand with SaaS Partnership
Aize announced an expansion of the strategic collaboration with Aker BP to include a Software-as-a-service (SaaS) agreement for all relevant facilities. Aize and Aker BP have focused their combined development efforts on two areas: D evelop…
Inside Asia-Pacific’s Offshore Energy Boom
Strategic initiatives are attracting investors and petroleum contractors to Asia Pacific’s offshore energy market, propelling the region towards enhanced security and economic growth. As countries tap into their local resources to meet rising demand…
MOL Increases Stake in MODEC
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate.
A Hydrogen Balancing Act in Offshore Energy
The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production. There will be a new generation of platforms taking up space in offshore wind farms as hydrogen production is used to help balance power supply and demand.
Petrobras Rumored to be Considering Additional FPSO for Its Buzios Field
State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters. Each Buzios platform has an average cost of $3.5 billion, said a source…
Sources say that Brazil's Petrobras is looking to add another oil field in Buzios, according to sources
Three sources familiar with the matter said that Petrobras, the state-run oil company in Brazil, has started studies to implement a new platform for oil production on the Buzios oil field. A source said that each Buzios platform costs an average of $3.5 billion.
Petrobras Secures Key Licenses to Boost Offshore Oil Production
Brazil's state-run oil company Petrobras has obtained environmental licenses to expand production in two offshore fields, and could have one vessel start production earlier than expected in one field, three people with knowledge of the matter told Reuters.
Sources say that Petrobras has obtained environmental licenses for Brazil's oil production to increase.
Three people familiar with the matter said that Brazil's state oil company Petrobras obtained environmental permits to expand production at two offshore fields and one vessel could start earlier than expected. Petrobras can now increase production at the Mero and Buzios oil fields.
SBM Offshore to Build FSO for Woodside’s Trion Development Off Mexico
Dutch FPSO leasing specialist SBM Offshore has signed a contract with Woodside for the construction of a floating storage and offloading (FSO) unit for the Trion deepwater oil field, located in the Perdido Belt of the western Gulf of Mexico.
BP and Golar LNG Settle Cash Disputes for FLNG Gimi
BP and Golar LNG have reached a commercial reset agreement for the floating liquefied natural gas (FLNG) vessel Gimi, a core component of BP’s the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal. The Gimi FLNG vessel art of the GTA Phase 1 development…