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Woodside Watching Supermajors' Woes for Opportunities
Woodside Petroleum is keeping a close eye out for assets that might come up for grabs from the oil supermajors amid the oil market rout, seeing itself in a position to bid, Chief Executive Peter Coleman said on Friday. The head of Australia's top independent gas producer said…
Yinson Welcomes Sumitomo as Partner in Brazil FPSO Project
Malaysian FPSO supplier Yinson has signed a deal with Japan's Sumitomo for the latter's participation in the Marlim FPSO project. Yinson said Thursday that the two companies concluded an agreement for their participation in the charter, operations…
Short-Term Extension for BW Offshore FPSO Ahead of Lay-Up
FPSO leasing company BW Offshore has secured a short-term contract extension with Petrobras for the floating production storage and offloading unit BW Cidade de Sao Vicente. "BW Offshore has received a notice from Petrobras that they exercise…
Petrobras Reverses Oil Output Cuts as Fuel Demand Beats Expectations
Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it said on Monday, a surprising turnaround that may be tied to an aggressive bet on bunker fuel.
Equatorial Guinea: 30 FPSO Workers Test Positive for Coronavirus
Thirty workers at an offshore oil platform in Equatorial Guinea, operated by ExxonMobil have tested positive for the new coronavirus, two sources close to the ministry told Reuters, one of the largest reported clusters in the sector so far.
KrisEnergy Sues Rubicon
KrisEnergy, a Southeast Asia-focused oil company, has started proceedings against FPSO owner Rubicon at the High Court of Justice Business and Property Courts of England and Wales. The oil company is reacting to a claim recently made by Rubicon…
Johan Castberg FPSO Turret Mooring System Complete
Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the Barents Sea, offshore Norway. The modules will…
Total: 14 Coronavirus Cases at Congo Oil Operations
French energy major Total said on Sunday that 14 workers including two of its staff have tested positive for the new coronavirus at its sites in Congo Republic, but output at the 190,000 barrels per day operations have not been affected. Congo…
Angola Says Producer Cuts Insufficient, More Action Needed
Angola sees an oil production curb by OPEC, its allies and other top producers as insufficient to balance global markets, state news agency ANGOP quoted resources and petroleum minister Diamantino Azevedo as saying on Friday. "It is up to everyone to understand that…
i3 Energy Seeks More Time from Noteholders
i3 Energy, a London-listed company focused on developing the Liberator field in the UK North Sea, has started talks with noteholders to seek waiver on previously agreed terms. In a statement on Friday, the company reminded that on 8 November 2019…
Oil Storage Crunch May Affect Guyana Crude Shipments
Oil shipments from nascent crude producer Guyana's prolific Liza field could be affected by a growing storage glut that has contributed to plunging global crude prices, the country's director of energy said. A consortium led by Exxon Mobil began…
30+ Companies Compete for Guyana Crude Trading Deal
More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude, the government said on Tuesday.
Oil Traders Vie for Guyana Marketing Deal Despite Price Tumble
Guyana has attracted interest from several oil trading companies for a contract to serve as the marketing agent for the government's share of the country's crude, despite a plunge in global prices, four people familiar with the matter said.
Petrobras: Binding Phase Starts for Papa-Terra Field Sale
Brazilian oil company Petrobras has started the binding phase for the sale of its share in the Papa-Terra field located in the deepwater area in the Campos Basin, offshore Brazil. The binding phase starts following a teaser for the sale Petrobras had announced back in February.
Petrobras Eyes Restart at FPSOs Hit by Coronavirus
Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive told journalists during a call on Friday. Petrobras Exploration…
Yinson Closes $800M FPSO Refinancing
Yinson has completed an $800 million refinancing exercise for FPSO John Agyekum Kufuor, with the loan drawn down on April 14. The FPSO firm had announced the refinancing deal for the FPSO located in Ghana back in November 2019. The company at…
Woodside's Sales Slump as Coronavirus Cripples Demand
Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally. Oil and gas producers have…
IKM Testing in Long-Term Barents Sea FPSO Work Award
Norwegian energy giant Equinor has awarded IKM Testing a long-term contract for work at Johan Castberg FPSO destined for deployment in the Barents Sea, offshore Norway. The scope of work for IKM Testing covers N2/He Leakage testing & PSV calibration…
Santos to Sell Barossa Stake to JERA
Australian oil and gas company Santos has signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa offshore development in Australia to JERA. The Final Investment Decision for the project, though, has been delayed due to the economic uncertainty caused by COVID-19 and low oil prices.
Delays at Equinor's Peregrino Project Offshore Brazil
Construction work at Equinor ASA's Peregrino oilfield off the coast of Brazil has been delayed by roughly two months, according to two sources with knowledge of the matter, as logistical difficulties surrounding the novel coronavirus take their toll on the nation's offshore oil industry.
Petrobras Begins Halting Operations of 62 Platforms
Brazil's state-owned oil firm Petroleo Brasileiro SA said on Wednesday it had begun suspending operations of 62 shallow water platforms in the Campos, Sergipe, Potiguar and Ceara basins. Petrobras, as the company is known, had previously announced the shutdowns…