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First Oil Flows from BP's Alligin Field West of Shetland
First oil has started flowing from the BP-operated Alligin field in the West of Shetland region, offshore UK. Alligin is a part of the Greater Schiehallion Area and has been developed as a two-well subsea tie-back into the existing Schiehallion…
PetroRio to Acquire OSX-3 FPSO for $140M
Brazilian oil company PetroRio has agreed to buy the OSX-3 FPSO for $140 million, and acquire an 80 percent stake in the Dommo Energia's Tubarao Martelo field off Brazil where the FPSO is currently deployed. The OSX-3 FPSO was built and delivered to the Tubarão Martelo Field in 2012.
Exxon's Guyana Oil Deal in Focus Ahead of Election
A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election. In a report published Monday…
FPSO P-70 'Stable' After Storm Pushes it Near Coast
Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi. "Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…
Veolia's Seawater System for MODEC FPSO
Japanese FPSO giant MODEC has ordered a seawater treatment package for the FPSO Almirante Barroso from Veolia Water Technologies. Under the contract, Veolia will be responsible for the design and procurement of equipment with construction for a seawater treatment plant sized for 280…
First Gas from Karish FPSO in 1H 2021 as Hull Works Take Longer than Expected
Greek oil company Energean has said that its Karish development in the Mediterranean Sea off Israel is on track for first production in the first half of 2021. Energean has previously said that the first gas is expected to start flowing in the first quarter of 2021…
Japanese Quartet Moves Ahead with Marlim FPSO
Japanese companies MODEC, Mitsui, MOL, and Marubeni will jointly invest in the Petrobras-bound Marlim FPSO. MODEC in October 2019 received a letter of intent from Petrobras for the supply, charter, and operations of the Marlim-1 FPSO. Now Mitsui…
FPSO Orders Continue Climb
The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says. Oil prices…
Equinor taps Modec for Brazil's Largest FPSO
Japan's Modec has won an order from Equinor to supply an FPSO for the Norwegian firm's Bacalhau (formerly Carcará) field offshore Brazil. According to Equinor and Modec, this will be the largest FPSO in Brazil. "This contract is based on a two-step award.
Hurricane Energy: Lancaster Output Above Expectations
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
BW Offshore Shaves Off BW Energy IPO Valuation
BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million…
Bumi Armada Might Appeal Woodside FPSO Case Ruling
Malaysian FPSO supplier Bumi Armada might appeal a recent ruling by an Australia court in an FPSO contract termination case against the Australian oil company Woodside. Woodside in 2016 terminated the contract for the Armada Claire FPSO unit that was operating at the Balnaves Field…
ExxonMobil Gives Boost to Guyana Oil Reserves. Makes Another Discovery
ExxonMobil has struck another oil discovery offshore Guyana and has raised its estimate for recoverable resource base in Guyana to more than 8 billion barrels of oil equivalent. This is a 2 billion barrel increase compared to the previous estimate.
Permanent Deals for Monadelphous' Ichthys Workers
Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities. "The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [ Enterprise…
Bumi Armada Loses Woodside FPSO Case
Malaysian FPSO specialist Bumi Armada's claim against Australia's oil firm Woodside for a 2016 FPSO contract termination has been dismissed in court. Woodside in 2016 terminated the contract for the Armada Claire FPSO unit that was operating at the Balnaves Field…
Ocean Installer Bags Triton Gig from Dana
Aberdeen-based Oil and gas company Dana Petroleum has awarded Norway's Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea, around 190 km east of Aberdeen. According to a press release, the award…
FAR Inks Sangomar Oil Offtake Deal with Glencore
Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal. FAR, which owns a 15% stake in the recently sanctioned…
BW Energy Completes 2nd Producer at Tortue 2 in Gabon
BW Energy has completed the second production well of the Tortue Phase 2 development, offshore Gabon. "The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field which will be tied back to the FPSO BW Adolo and boost oil output," BW Energy said Wednesday.
Guyana's First-Ever Oil Cargo Sets Sail
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter. The Suezmax vessel Yannis P…
SOFEC to Supply Sangomar FPSO Turret Mooring System
SOFEC announced it has been awarded a contract from MODEC to supply an external turret mooring system for a floating production, storage and offloading (FPSO) vessel for the Sangomar project offshore Senegal. SOFEC will be responsible for all engineering…
Brazil to Overhaul Rules for Subsalt Auctions
Brazil's government is considering an overhaul in the rules for auctions of subsalt oilfields, a senior official told newspaper Valor Economico. Special secretary to the Economy Ministry Waldery Rodrigues told the newspaper the government could…