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Modules for Petrobras' FPSO delivered
The "Consórcio Tomé Ferrostaal" (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian company Tomé Engenharia have handed over two modules for the first of a series…
Brazil's OSX Posts Third-quarter Loss of $62m
OSX Brasil SA, the bankrupt shipbuilder controlled by Brazilian tycoon Eike Batista, posted a net loss of 160.8 million reais ($61.8 million) in the third quarter, the company said in a securities filing on Friday. OSX reported a net loss of 1.77 billion reais in the same period last year.
Leistritz Debuts Three New Pumps
The offshore oil and gas industry uses Floating Production, Storage and Off-loading (FPSO) vessels to process and store gas or oil until it can be unloaded onto tankers or forwarded through a pipeline. Leistritz Screw Pumps are responsible for…
SBM Offshore Shares Jump as Bribery Case Settled
SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million, including a $40,000 fine, sending shares in the Dutch oil platform leasing firm up more than 20 percent on Wednesday. The settlement, which was in line with provisions already taken…
BMT Wins Angola FPSO Maintenance Contract
BMT Scientific Marine Services (BMT), a subsidiary of the BMT Group has been selected by Esso Angola to provide maintenance services for systems installed on the two Kizomba Tension Leg Platforms (TLP) offshore Angola. BMT previously installed…
Norway Oil Lobby's 2015 Outlook is Dim
Norwegian oil and gas investments will fall to around 197 billion crowns ($28.9 billion) next year from 221 billion crowns in 2014, the Norwegian Oil and Gas Association, the industry's lobby group said on Tuesday. Oil investments will then…
As Oil Prices Drop, Rigs Go Off-Line
Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market. The drilling contractor's shares…
Petrobras to Release Q3 November 14
Brazil's state-run oil company Petroleo Brasileiro SA plans to release its third-quarter earnings results after a board meeting on Nov. 14, a source with direct knowledge of the situation told Reuters on Thursday. Petrobras said on Wednesday…
Repairs Halt Total's S.African Ops; Resumption not Prior 2016
S.Africa wants 30 wells drilled in next 10 years; Total woes a setback to S.Africa exploration drive. French energy major Total has halted oil exploration off the southern coast of Africa due to mechanical problems with a rig, meaning it will not be able to resume searching in the area before 2016…
Repairs Halt Total's S.African Ops; Resumption not Prior 2016
S.Africa wants 30 wells drilled in next 10 years; Total woes a setback to S.Africa exploration drive. French energy major Total has halted oil exploration off the southern coast of Africa due to mechanical problems with a rig, meaning it will not be able to resume searching in the area before 2016…
CAN Seals Contracts in North Sea, North Africa
CAN Group, has been awarded a $6.4 million contract to provide asset integrity services in the North Sea as the firm also announces international growth. The Aberdeen-headquartered company has secured work with Fairfield Energy aboard the Dunlin platform, UK Continental Shelf (UKCS).
Petrobras: Production in new Field in 2018
Brazil's state-run oil company Petroleo Brasileiro SA (Petrobras) expects to start commercially viable production in its Tartaruga Mestiça oil area in the first half of 2018, according to a securities filing on Monday. Petrobras signed an agreement with a new state-owned oil company…
Fairmount Tugs Delivers FPSO Petrojarl Knarr
Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014.
Saipem Awards BMT Riser Monitoring Contract
BMT Scientific Marine Services (BMT) was selected by Saipem to supply the riser integrity monitoring systems for the Total Egina development located 150km off the coast of Nigeria. Riser integrity monitoring systems measure bending moments and…
Keppel FELS to Build $240m Jackup
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo-Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about US$240 million.
FPSO Petrojarl Knarr Delivered to Norway
Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest floating production and storage units (FPSO) for harsh environments, was delivered in the port of Haugesund, Norway, September 16th 2014.
Brazil's Óleo e Gas, OSX Renegotiate FPSO Contract
Óleo e Gas Participações SA, the Brazilian oil producer that is under bankruptcy protection, and former sister company OSX Brasil SA completed on Friday a plan to renegotiate contractual terms related to the rental of a ship. In a securities filing…
Floating Production Roundup: August 2014
What’s New in August 2014 There are 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance.
BW Offshore Awards SatCom Contract to Orange
Provider of floating production services to the oil and gas industry, BW Offshore, says it has signed a 5-year, $12 million contract with Orange Business Services for an end-to-end satellite communication solution for its fleet of oil and gas production vessels.
Fogal Retires from Zentech After 57 Years in O&G
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28, “All the serious…
Kongsberg to Supply FPSO Safety System
Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime, will deliver an Integrated Control and Safety System for the new BW Offshore Catcher FPSO.