Stories
Refine Search
-
Company
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.
Repsol Sinopec to Tie-In Tain to Bleo Holm FPSO
UK-based oil and gas operator Repsol Sinopec is planning to apply for permission for the development of the Tain field in the Central North Sea, offshore the UK. The Tain field is located in Block 13/23b. The Tain field will be developed by…
Petrobras Suspends International Travel Due to Coronavirus
Brazilian state-run oil firm Petroleo Brasileiro SA has suspended employees' international travel amid the global health crisis caused by the coronavirus, according to a statement on Monday. Petrobras, as the company is known, also said workers older than 65 years of age will have to work remotely.
Brent, WTI Fall as Coronavirus Spreads
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China's factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.
Cairn Confident of Securing Sangomar Funding
London-listed oil and gas company Cairn Energy has provided an update of its operations including the progressing of the Sangomar Field Development offshore Senegal despite the having yet to attract the necessary funding for its share of the costs.
Cairn Ups Kraken Reserves Estimate
Cairn Energy on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owened by EnQuest, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago. Cairn, which owns 30% of Kraken…
BW Energy Boosts Tortue Phase 2 Output with New Well
BW Energy has brought online the second oil well (DTM-4H Gamba) drilled as part of the Tortue Phase 2 development project in the Dussafu Marin Permit offshore Gabon. The well was put online on Saturday, March 7. "The start of production from…
Global Mariner Offshore Sues Yinson, THHE, Floatech
Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages. Global Mariner is a 20 percent owner of Floatech…
Hurricane, Spirit Update GWA Farm-In Terms
Hurricane Energy and Spirit Energy, partners in the Greater Warwick Area offshore the Shetland Islands, have updated the terms of the farm-in the companies had entered in September 2018. The two companies originally agreed on a phased work program…
Premier Oil Targets Carbon Neutral Operations by 2030
British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field.
BW Energy Starts Oil Production from Tortue Phase 2 in Gabon
Oslo-listed BW Energy has started oil production from the Tortue Phase 2 field development project in the Dussafu Marin Permit offshore Gabon. The Gamba well DTM-5H was successfully brought online as of 4 March, ahead of schedule. The second well…
Sandvik Wins Mero Steel Tube Umbilical Order
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential.
Welaptega Inspects FPSO Moorings in Nigeria
Subsea inspection services firm Welaptega has said it has recently completed mooring inspection projects for FPSOs owned Eni and ExxonMobil in Nigeria. Welaptega undertook inspection services on ENI’s Abo FPSO, on the western edge of the Niger Delta, at water depths of 550-1100 meters.
InterMoor Installs New ESP on Mampu-1 FPSO
InterMoor has recently transported and installed a new electric submersible pump (ESP) system as part of the MaMPU-1 FPSO upgrade for a wellhead platform project in Malaysia. The work for MISC Offshore Floating Terminals Dua Ltd included project management…
Subsea 7 to Tie Murphy's Discoveries to King's Quay FPS
Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico. The…
Ampelmann Wins Contract from SBM in Guyan
Dutch offshore service provider Ampelmann said it has added Guyana as a new market to its global portfolio following a contract award from compatriot floating production and mooring systems firm SBM Offshore. Ampelmann said it assisted the hook-up and commissioning of the SBM floating production…
Shell's Bonga Oilfield to Undergo Maintenance
Royal Dutch Shell's Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates are still being finalized, a spokesman said. Shell operates the offshore field via its Nigerian subsidiary SNEPCo.
Go-ahead for Van Gogh Infill Phase 2
Australian energy company Santos announced a Final Investment Decision (FID) had been made on the Van Gogh Infill Development Phase Two Project, which will involve the drilling and completing of three new horizontal, dual-lateral production wells and subsea tieback into existing infrastructure.
Total Aims to Grow Brazilian Oil Production
French oil company Total plans to invest between $600 million and $700 million per year in Brazil for oil exploration and production through 2024, newspaper Valor Economic reported on Monday. Total's global chief for oil and exploration, Arnaud Breuillac…
FPSOs: The New Business Model
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…
Wood to Design Chevron's Anchor Offshore Platform
Engineering company Wood has secured a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The scope of the project included the preliminary, front end engineering and design (Pre-FEED)…