Stories
Refine Search
-
Company
Brazil: FPSO Charter Ends 5 Years after Deadly Explosion
FPSO leasing company BW Offshore has informed that a charter for FPSO Cidade de Sao Mateus has expired. The FPSO was involved in an explosion in February 2015, an incident in which nine workers were killed, and 26 others injured. There were…
Yinson, Petrobras Sign Firm Contracts for Marlim 2 FPSO
Malaysian FPSO provider Yinson has signed firm contracts with Petrobras for the delivery and for operation and maintenance of the Marlim 2 FPSO. The two companies had in October 2019 signed letters of intent for the long-term charter and operation…
FAR Struggling to Secure Cash for Sangomar Development
Australian oil company FAR, a partner in the recently sanctioned Woodside-operated Sangomar offshore oil field in Senegal, has said that its ability to secure a loan for its part of Sangomar capex has been compromised by the coronavirus pandemic and oil price crash.
Oil Crash Puts Africa's Cash-Strapped Producers in Peril
Collapsing oil prices have left African producers facing not only lost revenue when they most need it to tackle coronavirus, but also a fall in hard-won market share they may never regain. The continent's producers such as Nigeria, Angola and…
Teekay in Ten-Year FPSO Contract with BP
Teekay Corporation has secured a ten-year contract for its 1996-built Petrojarl Foinaven FPSO with Britoil Limited, a BP subsidiary, at the Foinaven field west of the Shetland Islands in the UK. Under the terms of the contract, Teekay is expected…
Aoka Mizu FPSO Worker Tests Positive for COVID-19
Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO off the UK has tested positive for COVID-19. Hurricane said Friday that the worker "has been evacuated to the mainland for medical reasons and subsequently…
Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs
Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices. Australia's top independent gas producer said…
Covid-19 and Cheap Oil to Hit African pre-FID Oil Projects
Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact.
Golar Taps Oceaneering for FLNG Inspection and Maintenance
Offshore energy services provider Oceaneering has been awarded a contract by Golar LNG for an FLNG vessel maintenance build, and inspection and maintenance program. The scope of work includes an asset register build, a full maintenance build program…
Woodside, Partners in Talks over $4.2B Sangomar Project Timing
Woodside Petroleum and its partners are in talks on the timing of their $4.2 billion Sangomar oil project off Senegal, with coronavirus restrictions and collapsing oil prices hampering work on the project. Woodside, Cairn Energy Plc, FAR Ltd…
Only a Handful of FPS to Be Ordered in 2020, Down from 18 Expected
Energy intelligence company Wood Mackenzie has downgraded its expectations when it comes to new orders for floating production systems in 2020, citing the oil price crash. Mhairidh Evans, principal analyst in Wood Mackenzie’s upstream supply…
New Oil and Gas Project Spending to Fall 68% in 2020 if Oil Price Stays Low
Oil and gas project sanctioning in 2020 could drop almost 70% compared to 2019 if the oil prices remain in the $30 a barrel area, Norway-based Rystad Energy said in an analysis on Monday. "The effect of the COVID-19 virus on global demand for oil and gas…
Teekay Offshore Changes Name
Teekay Offshore Partners L.P., a provider of offshore oil production and storage vessels for the offshore oil and gas industry, has changed its name. The company announced Tuesday its name has changed to Altera Infrastructure L.P. effective 24 March 2020.
U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in…
China's CNOOC to Load First Cargo of Guyanese Oil Soon
China's state-controlled oil company CNOOC Ltd is scheduled to load in the coming days its first cargo of crude from Guyana's offshore Liza oil project, the South American country's Director of Energy Mark Bynoe said. CNOOC has a 25% stake in…
Energean Power FPSO Hull to Sail Away in "Coming Weeks"
Israel-focused oil firm Energean expects the hull of its Energean Power FPSO will set sail from China in the coming weeks, easing concerns of potential further delays, after it last month warned over the possible impact of the coronavirus outbreak in China on the FPSO construction.
Equinor Puts Off Canadian Offshore Project
Norway's Equinor and Canada's Husky Energy have reportedly pulled brakes on the plan to develop the Bay du Nord project offshore Canada, Reuters reported on Thursday. "Equinor and partner Husky Energy have decided to defer the Bay du Nord development…
Lankhorst Deepwater Mooring Lines for Liza Unity FPSO
Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America.
Petrobras China-built FPSO Hull Reaches Brazil
China-built hull of Petrobras P-71 FPSO has reached Brazil where topside integration will take place at the Jurong Aracruz Shipyard (EJA). The 316 meters long, 54 meters wide, hull, built by CIMC Raffles, had set sail from China on December 12, 2019. It entered Brazilian waters on Monday, March 16.
BW Energy Slashes Gabon Spending Plans
Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel. "The impact of…
BW Pioneer FPSO Stays in Gulf of Mexico for 5 More Years
FPSO leasing specialist BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields in the U.S. Gulf of Mexico. The contract was signed with MP Gulf of Mexico, am 80/20 partnership with Murphy Oil and Petrobras.