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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…
FAR Secures $300M Sangomar Loan
Oil and gas company FAR has secured a $300 million reserve-based loan for its share of the CAPEX for recently sanctioned Sangomar field development, offshore Senegal. “FAR is pleased to announce a binding and committed underwritten US$300 million…
Exxon to Load First Crude from Guyana This Weekend
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday. Exxon has so far made 15 discoveries of oil reserves in Guyana…
Angola: Eni Brings Agogo Field Online
Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery. Eni brought the field online via the FPSO Ngoma located 15 kilometers from the oil field. The current output level is around 10…
Suncor Ordered to Install Fall Protection Systems on FPSO
The Canadian offshore safety regulator for Newfoundland and Labrador C-NLOPB has ordered oil company Suncor to install fall-protection systems on ladders aboard its Terra Nova FPSO. The order comes two weeks after a worker aboard Suncor's Terra…
Woodside Signals Higher Output in 2020
Australia's Woodside Petroleum posted a nearly 7% rise in fourth-quarter production on Thursday and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade. The…
Yinson: 8th Extension for Lam Son FPSO
Malaysian FPSO leasing specialist Yinson has signed another short-term charter extension for the Lam Son FPSO offshore Vietnam. Yinson's Vietnam JV PTSC AP on Wednesday, January 15, entered into an eighth FPSO contract extension for the FPSO with PTSC…
Petrobras Exits Africa As Nigeria-Focused Business Sold for $1.5B
Brazilian oil company Petrobras has sold its Nigeria-focused subsidiary for around $1,5 billion. Petrobras said Wednesday it had completed the sale of its 50% equity interest held in Petrobras Oil & Gas B.V. (PO&GBV). PO&GBV has assets in Nigeria…
BW Energy Oslo Listing Set For 1Q 2020
BW Offshore's exploration and production subsidiary BW Energy is gearing up for an initial public offering of shares in the first quarter of 2020, and listing on the Oslo exchange an independent company. BW Energy was established by the FPSO…
Modec Eyes Major Brazil Contracts
Japanese floating equipment maker Modec Inc is looking to win one or two major platform contracts per year in Brazil as it aims to grow in the country's offshore oil boom, a senior executive told Reuters. A string of contracts in recent years has made Brazil a key market for the firm…
Eni's Coral Sul FLNG hull launched
Italian oil and gas company Eni has launched the hull of its Coral Sul FLNG unit at Samsung's Geoje yard in South Korea. Once completed the FLNG unit will be deployed over Eni's Coral reservoir in Area 4 offshore Mozambique and will be used…
Liza Unity FPSO Hull Arrives in Singapore
The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022.
7th Extension for FPSO Polvo in Brazil
Brazilian oil firm PetroRio has extended the FPSO Polvo charter with BW Offshore. Oslo-listed owner of the FPSO BW Offshore said Friday that it had signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.
Subsea 7 Wins 'Very Large' Sangomar Contract
Offshore installation and construction specialist Subsea 7 has said it has won a 'very large' subsea equipment contract from Woodside for the Sangomar project offshore Senegal. Subsea 7 has won a contract in cooperation with Schlumberger's One…
Woodside Executes Sangomar Contracts As FDP Approved
Woodside has received final approval for its Sangomar oil field development plan in Senegal, and the Australian company has now entered the "execute phase" of activities. The FDP approval comes just days after Woodside and its partners received…
Modec Confirms Sangomar FPSO Order
Japanese FPSO specialist Modec has confirmed it has secured an order from Woodside for an FPSO to be deployed at the Sangomar project offshore Senegal. The confirmation of order came Friday just after Woodside had announced its field development…
Boskalis: One Dead, Five Sick on FPSO
Dutch dredging and offshore contractor Royal Boskalis Westminster N.V. has confirmed that one contract worker is dead and five were seriously injured after consuming a ‘toxic’ cleaning liquid on board a floating production, storage and offloading (FPSO) vessel destined for Brazil.
Cleaning Liquid Proves Deadly for Brazilian Crew
One person died, and five others became seriously ill after reportedly drinking cleaning liquid earlier this week aboard a floating production, storage and offloading unit (FPSO) being transported by Boskalis' Vanguard heavy-transport vessel.
Premier Oil, Rockhopper in Sea Lion Farmout Push
Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. The companies have signed non-binding heads of terms with Navitas Petroleum…
Oil, New Investors Keeping FPSO Market Buoyant
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago…
Royston Overhauls Aoka Mizu FPSO Power Systems
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu. The diesel power specialist said its team of engineers undertook the 6…