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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)…
Coronavirus to Cut 2020 Oil, Gas Spend by $30B
The coronavirus outbreak could cut oil industry investment this year by tens of billions of dollars and delay the delivery of offshore installations currently being built at Asian yards, Oslo-based consultancy Rystad Energy predicted on Friday.
Yinson: Abigai-Joseph FPSO Sets Sail for Nigeria. First Oil in May
Malaysian FPSO leasing company Yinson has informed that its FPSO Abigail-Joseph has set sail from Singapore to Nigeria, where it will be deployed at First E&P offshore oil fields. The FPSO, previously named Allan, has recently been upgraded by Keppel in Singapore…
Operators Could Soon Pay More for FPSOs
Amid a raft of February orders and near-orders for floating production storage and offloading vessels, or FPSOs, comes a new report suggesting those shipyards and engineers able to piece them together may soon be feeling the strain. "The strong pace of recent orders has a downside…
Eni Boosts Agogo Field Reserves Estimate to Over 1 Billion Barrels
Italian oil company Eni has upgraded its resource estimate for the Agogo field offshore Angola to over one billion barrels of oil in place. The field started production in January 2020. Eni said Wednesday it had successfully drilled Agogo-3…
Bumi Armada to Appeal Ruling in FPSO Case with Woodside
Malaysian FPSO leasing company Bumi Armada will appeal a recent court decision in which it lost a case against Woodside concerning an FPSO contract termination from 2016. Woodside terminated the contract in 2016 for the FPSO, which was at the time operating at the Balnaves Field…
Guyana Seeking Partner to Market Its Oil
Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December. The government is entitled to a share of the oil produced…
Keppel Breaks FPSO Conversion Record
Singapore's offshore facilities builder Keppel has said it has delivered "the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project." Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings.
Premium for Van Gogh Crude Falls as VLSFO Market Weakens
Australia's Santos Ltd has sold a 175,000-barrel cargo of Van Gogh crude loading March 29-April 2 to trading house Vitol at a premium of $15-$16 a barrel to dated Brent, well below the last traded level, three sources familiar with the deal said on Thursday.
Ghana Expects Aker Energy's FID on Pecan 'Within 1-2 Months'
Ghana expects Norway's Aker Energy to make a final investment decision in the near future regarding the West African country's planned Pecan oilfield development, Ghana's President Nana Akufo-Addo said on Monday. The government has been frustrated…
Aker BP Gets Skogul Start-Up Nod
Norwegian oil company Aker BP has received regulatory consent for the start-up of the Skogul field in the North Sea, offshore Norway. The Norwegian Petroleum Directorate granted its consent for the of the field in production license 460 on Monday.
Aker Energy, Yinson Sign Pecan FPSO LoI
Norwegian oil and gas company Aker Energy has signed a letter of intent with Malaysian FPSO provider for the delivery of an FPSO for Aker Energy's Pecan oil field offshore Ghana. Subject to a firm contract signing, Yinson will get the deal for…
Energean: Karish Main-02 Well a Success
Energean Oil and Gas has announced successful results from production measurement performed during clean-up of the Karish Main-02 development well, in the Karish Main structure, offshore Israel The Mediterranean Sea-focused company working to…
Floatech Must Pay $6,25M to Drydocks World, Court Rules
A Dubai court has ruled that Floatech, a subsidiary of Malaysia's TH Heavy Engineering, must pay $6,25 million to Dubai's Drydocks World. Drydocks World in April 2019 presented Floatech with a writ of summons demanding Floatech to pay the $6…
Floating Production: The Next Chapter
The market for floating production, storage and offloading units (FPSO) is heating up. Séverine Baudic, SBM Offshore’s Managing Director for Floating Production Solutions, weighs in on the strategic initiatives and technological innovations…
Guyana Produced 35,607 bpd in December
Guyana produced 35,607 barrels per day (bpd) of oil in December, following the i nauguration of production in the country by a consortium led by U.S. oil major Exxon Mobil Corp, the finance ministry said in a report. Exxon has discovered more than 8 billion barrels off the coast of Guyana…
Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field
Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia. The journey, which started from the Samsung Heavy Industries yard in Korea…
UPS Wins Northern Endeavour Contract
Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations and maintenance services to the Northern Endeavour floating production, storage and off-take (FPSO) vessel.
ALP to Tow Giant Coral Sul FLNG from S. Korea to Mozambique
Dutch ocean-towing company ALP will tow Eni's giant FLNG vessel Coral Sul (South) from South Korea to Mozambique, and will also assist with the mooring operations once on location. ALP on Monday said that TechnipFMC and JGC had contracted it…
Rubicon Demands Payment from KrisEnergy
KrisEnergy, an oil company focused on Southeast Asia, has been served a claim by Rubicon demanding a $2.84 payment in relation to a 2014-charter of the Rubicon Vantage FPSO, deployed at KrisEnergy's Wassana field as an FSO. Rubicon has, according to KrisEnergy…
Woodside Pushes Back Browse FID Again
Australian oil and gas giant Woodside has delayed the long-expected Final Investment Decision for the huge Browse gas development off W. Australia again. The offshore area comprising the Brecknock, Calliance, and Torosa fields - the Browse resource - sits in the offshore Browse Basin…