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FSRU Golar Tundra Sold to Golar LNG Partners
Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million. In connection with the closing, Golar LNG Partners will receive a daily fee plus operating expenses…
Parker Bestobell to Supply Valves for FSRU Newbuilds
Parker Bestobell Marine has recently completed a contract to supply cryogenic Globe and Check valves made in Sheffield, for Hoegh LNG’s series of five FSRUs (Floating Storage Regasification Units) that are being built at Hyundai shipyard (HHI) in South Korea.
China's LNG Demand Falls
China's import of liquefied natural gas (LNG) fell 1.1% in 2015, marking the first year-on-year decline since imports began in 2006, according to a report by the US Energy Information Administration (EIA). Chinese LNG imports have grown steadily in the last 10 years…
HHI to Localise Main Equipment for Offshore Plants
Hyundai Heavy Industries and Doosan Heavy Industries Collaborate in Localizing Main Equipment for Offshore Plants Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced that it has signed…
US Judge Says Petrobras Investors Can Sue as Group
A U.S. judge on Tuesday cleared the way for investors to sue Brazil's state-run oil company Petrobras as a group in litigation over billions of dollars in losses stemming from a bribery and political kickback scandal. U.S. District Judge Jed Rakoff in Manhattan certified two classes of investors…
Enseda Shipbuilding & Surviving the Petrobras Crisis
Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining…
Former Petrobras Exec Sentenced over Vantage Drilling Contract
A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation.
MES Establishes Unit for FPSO Charters
Mitsui Engineering and Shipbuilding Co., Ltd. (MES) has established a new department to support the chartering of floating production, storage & offloading system vessels (FPSO) for marine oil and gas. Effective February 1, this new section…
Aker Solutions to Deliver FPSO Concept Study
Aker Solutions won an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil on an engineering…
Aker Bags Johan Castberg FPSO Concept Study
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil on an…
Golar LNG, Schlumberger Form Gas Partnership
Golar LNG has signed a Memorandum of Understanding with Schlumberger to cooperate on the global development of greenfield, brownfield and stranded gas reserves. Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners, investors and governments.
Tullow Launches Deepwater FPSO Despite Glut
Tullow not for sale but could be take-over target - COO. Amid one of the deepest oil price crashes in history, Britain's Tullow Oil is sending one of the world's biggest floating deep-water oil production platforms to West Africa to pump crude for at least 20 years.
ENI Gets Conditional Consent to Start Arctic Goliat Field
Italy's ENI got a conditional consent to start using its floating oil production and storage facility (FPSO) at the world's northernmost oil field in the Norwegian sector of the Barents Sea, Norway's Petroleum Safety Authority said on Tuesday.
Wood Group Lands Prelude Deal
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG…
RPK Nord Deploys FSO Umba at Murmansk Port
On January 15, 2016, a 300,259DWT Floating Storage and Offloading Vessel (FSO) Umba arrived at port Murmansk and was deployed by RPK Nord LLC in the middle part of the Kola Bay, within the water area of the Port of Murmansk, the agency company Infotech Baltika told IAA PortNews.
Petrobras Average Daily O&G Output Rose 4.3% in 2015
Oil and natural gas output at Petróleo Brasileiro SA rose 4.3 percent last year, the second annual increase after two years of declines, as long-delayed offshore production systems came on line. Petrobras, as the company is known, produced an…
Premier Awards FPSO FEED Contract to SBM Offshore
SBM Offshore announced it has been awarded a front-end engineering and design (FEED) contract from Premier Oil plc for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin. The 18-month contract awarded to SBM Offshore covers the FEED elements of the proposed FPSO.
SBM Offshore Bags Premier Oil FPSO Contract
SBM Offshore informed that Premier Oil plc (Premier) has awarded the Company the Front-End Engineering and Design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin. The 18-month contract awarded…
ABS, Golar Strike FLNG Deal
ABS Group to Develop Intelligent Maintenance Strategy for Golar FLNG Fleet ABS Group subsidiary Genesis Technology Solutions, Inc. (GenesisSolutions) won a contract by Golar LNG to develop an intelligent maintenance strategy for the company’s…
Petrobras Cuts Spending Plan Again
Petróleo Brasileiro SA, Brazil's state-controlled oil producer, on Tuesday slashed its investment plan for the third time in just over six months as it tries to preserve cash to pay its debt, the industry's largest. With oil prices at more than…
Russian Class for New FSRU
A Floating Storage Regasification Unit (FSRU) will be built to the class of Russian Maritime Register of Shipping (RS). The agreement on classification of FSRU under construction has been signed between RS and Hyundai Heavy Industries, the Republic of Korea.