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Another Near Miss on the Terra Nova FPSO
Suncor Energy reported its third near miss in less than a year on board the Terra Nova floating production, storage and offloading unit (FPSO) stationed approximately 350 kilometers offshore Newfoundland and Labrador, Canadian authorities said.
MODEC, Yinson Win FPSO Charters from Petrobras
Brazilian state-run oil company Petróleo Brasileiro S.A. (Petrobras) has signed letters of intent with Japan’s MODEC and Malaysia’s Yinson for charter contracts for two floating production, storage and offloading units (FPSO) for the Marlim field offshore Brazil.
Veolia to Equip Liza Unity FPSO
Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be deployed in the Stabroek block offshore Guyana.
Teekay Extends Hummingbird Spirit FPSO
Teekay Corporation, a provider of crude oil and gas marine transportation services, has entered into an agreement with the Chestnut Joint Venture to extend the employment of the Hummingbird Spirit FPSO unit (Hummingbird) on the Chestnut field in the North Sea until March 2023.
Chestnut Field Extended Up to Three Years
Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years. The companies announced on Friday that they reached a deal with Teekay…
Total Says It Will Skip Brazil TOR Auction
Fance's Total SA, the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for November 6 of the so-called Transfer of Rights area in Brazil's pre-salt region.
Brazil Oil Auction Draws $2.2 Billion
Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions. The most heavily sought after…
Brazil Oil Bidding Points to Future Auction Success
Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find. Minister…
BW Energy IPO Awaits 'Right Window'
Norway's BW Offshore will wait for markets to stabilize before launching a planned initial public offering of its oil production arm, BW Energy, an executive said on Thursday. "We are generally ready to go to the market for a listing... however…
Brazil Court Green Lights TOR Mega Auction
Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a "transfer of rights" (TOR) area off the country's southeastern coast. The government expects…
Majors to Bid in Brazil's $800 Mln Oil Auction
BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks. Combined, the minimum…
Maersk Supply Service Wins Brazil Project
Maersk Supply Service said it will provide an integrated mooring lines life extension solution for Shell’s floating production, storage and offloading unit (FPSO) Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro.
Keppel, Sembcorp Reach Deal with Embattled Brazil Firm
Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs. Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…
Hibiscus Oil Find Bigger than Expected
Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said. Panoro and operator BW Energy estimate…
BP Names Bernard Looney as Next CEO
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy. BP on Friday appointed Looney…
Shell Awards Pierce Scope to Subsea 7
Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen. Shell announced it has taken financial investment decision (FID) for the project on Thursday.
Energean FPSO Hull Floated Out
The hull of Energean Oil and Gas’ Energean Power FPSO has been undocked and floated out from the COSCO Shipyards’ dock in Zhoushan, China, about 10 months after first steel cut. Once completed, the FPSO will be deployed at Energean’s Karish and Tanin fields offshore Israel…
13 Firms Approved to Bid in 6th Pre-salt Round
Thirteen companies have been approved by Brazilian authorities to participate in a November oil bidding round for offshore exploration and production rights. The companies were cleared to participate in the so-called 6th pre-salt bidding round…
Shell Reaches FID for Pierce Upgrade
Operator Shell and its partner Ithaca Energy have taked final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday. The depressurization project involves modifying the existing floating production…
Japan JV Sells Frade Stake to PetroRio
Japan's Inpex Corp, Sojitz Corp and Japan Oil, Gas and Minerals National Corp (JOGMEC) said on Thursday they exited the Frade oil field in Brazil by selling their stakes to partner PetroRio S.A. The three entities, which owned an 18.3% stake in the oil field through a joint venture…
Brazil Tops Record Monthly Oil Production
Brazil's oil production in August reached 2.989 million barrels per day, up 18.5% over the same month a year ago, as monthly output hit a record high, oil regulator ANP said on Wednesday. Brazilian natural gas production in August rose 25.3% from a year ago to 133.3 million cubic meters per day…