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Woodside Weighs Blocking Lukoil from Joining Senegal Oil Project
Australia's Woodside Petroleum is considering whether to block Lukoil from becoming a partner in the $4.2 billion Sangomar oil project off Senegal, after the Russian firm agreed to buy Cairn Energy's Senegal assets . Woodside, 35% owner and operator of the Sangomar project…
Var Energi Seeks $1B for Jotun FPSO
Norwegian oil and gas producer Var Energi, backed by Eni and private equity firm HitecVision, is seeking around $1 billion for its Jotun production ship, a source with direct knowledge of the matter told Reuters. Var would then lease the floating production…
Russia's Lukoil Buys Cairn's Stake in Sangomar Field Offshore Senegal
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
Webinar: Floating Production Forecasts & Analysis
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector. Floating Production Systems: 2020 Forecasts & Analysis…
Petrobras Launches Tender for Buzios FPSO Trio
Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century. Earlier in July…
Exxon Names Country Head in Emerging Hot Spot Guyana
Exxon Mobil Corp said on Thursday it had named its former Qatar country manager as the chief of its operations in Guyana, a South American country that just started producing crude last year and is seen as key to the company's future. Alastair Routledge takes over after the company…
Suncor Moves Terra Nova FPSO to Conception Bay
Canadian oil operator Suncor has moved its Terra Nova FPSO and docked it shoreside in Newfoundland after its planned drydock in Spain was canceled due to the COVID-19 outbreak. Suncor and its partners in the Terra Nova field in the Atlantic Ocean off Canada…
Webinar: Floating Production Forecasts & Analysis
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector. Floating Production Systems: 2020 Forecasts & Analysis…
Coronavirus Outbreaks Hit Petrobras' Quarterly Output
Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday, though the firm indicated output may improve in certain regions. In a securities filing, Petroleo Brasileiro SA…
VAALCO Energy Extends Charter for FPSO Petróleo Nautipa
Norwegian floating production vessel provider BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO, deployed at the Etame field offshore Gabon for VAALCO Energy, will now have a contract until the third quarter of 2022.
Shipments Resume from Pemex FPSO After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted exports earlier this month, according to a person with knowledge of the matter and data from Refinitiv Eikon.
Westwood Expects 40 FPSOs to be Ordered in 2020-2024 Period
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020.
"Good Level of Interest" in Far's Sangomar Field Stake
Australia's FAR Ltd said on Thursday it has received a "good level of interest" in the sale of its 15% stake in the $4.2 billion Sangomar oil and gas project being developed off Senegal. FAR said in March it had failed to secure debt to fund…
Keppel to Deliver Components for Two MODEC FPSOs
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total. In Singapore, Keppel Shipyard will fabricate, complete…
Petrobras Reports Buzios Field Production Record
Brazil's Petrobras said production from four of its floating production, storage and offloading units (FPSO) in the Buzios field located in the Santos Basin, off the coast of Rio de Janeiro, combined to achieve a daily record output on Monday.
Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil
Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oil field cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash.
LR to Create Digital Twin for Bluewater's Glas Dowr FPSO
Lloyd's Register has won a contract with FPSO specialist Bluewater, to provide a comprehensive digital twin and evaluation of an FPSO’s structure, using historical and real-time data of the asset. The company said the digital twin and evaluation…
After Sumitomo, Another Japanese Firm Takes Stake in Yinson's Brazil FPSO Project
Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract.
Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020
Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered. "Hit by the second industry downturn in five years…
Petrobras to Launch Tender for Brazil's Biggest Ever FPSO
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA…
LR: Up to 40% of FPSO Maintenance Work 'Unnecessary'
As much as 40% of maintenance work carried out by FPSO vessel operators is unnecessary, the energy industry consultancy Lloyd’s Register (LR) has found. Lloyd’s Register (LR), found that by reducing these unwarranted manhours, operators could save on average almost £600…