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N-Sea Begins Work in Cameroonian Offshore Market
Subsea services provider N-Sea said it has begun work in the Cameroonian offshore market, via a contract win with Dutch offshore lifting and transportation company Jumbo Offshore. With phase one completed in mid-July, the project takes place off the shores of Cameroon’s South Province…
FPSO BW Catcher Sails for the North Sea
BW Offshore’s Floating, Production, Storage and Offloading vessel (FPSO) BW Catcher has left deep water anchorage off the Keppel Shipyard in Singapore and is currently in transit on a 45-day journey to the Catcher field in the central North Sea where it will go to work for Premier Oil.
OSM Officially On Board Statoil’s Peregrino
Efforts in Brazil are reinforced for OSM with more than 90 specialized offshore positions officially on board the Peregrino. “OSM Brazil have successfully mobilized our crew on board the FPSO Peregrino,” says Tommy Olofsen, Managing Director of OSM Crew Management.
Trelleborg Suite Supplied to Prelude FLNG
Trelleborg’s marine systems operation has supplied a suite of products to Shell’s Prelude FLNG facility, the largest offshore facility ever constructed. Prelude, which is 488 meters long, 74 meters wide, and made with more than 260,000 tons of steel…
Brazil Needs 17 New Platforms
Brazil needs 17 additional platforms to boost oil output by 2 million barrels per day in 2027, Decio Oddone, the chief of Brazil's oil regulator ANP, said on Friday. (Reporting by Rodrigo Viga)
Oil Firms Pre-register for Brazil's Upcoming Pre-salt Auctions
Nearly a dozen oil companies have filled out initial forms for two upcoming oil exploration rights auctions in Brazil's pre-salt area, a government official said on Thursday, underscoring growing interest in one of the world's most promising oil discoveries in decades.
Prelude FLNG Enters into Lloyd’s Register Class
Shell’s floating liquefied natural gas (FLNG) facility Prelude has officially entered into Lloyd's Register (LR) class. At 488 meters long, 74 meters wide and displacing about 600,000 tonnes of water, Prelude is the largest floating offshore facility in the world.
Former CEO of Brazil's Petrobras Charged with Corruption
Brazilian prosecutors on Tuesday charged the former chief executive officer of state-controlled oil company Petroleo Brasileiro with corruption, alleging he used his position to take bribes from construction firm Odebrecht. Aldemir Bendine served as CEO of Petrobras…
Total Overtakes Shell in North Sea Production
Majors still control three quarter of output; even after $10 bln of deals, private equity still plays only modest role. French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North Sea with…
Chevron CEO John Watson to Step Down
Chevron Corp Chief Executive John Watson is stepping down from his post atop the nation's second-largest oil company, according to a report from the Wall Street Journal. A successor for Watson, 60, who has been the company's chairman and chief executive since 2010…
Gunvor Awarded Fortuna FLNG Offtake
The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project.
Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1
On the August 18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28…
Brazil Extends Oil Industry 'Perks' Through 2040
Brazil on Friday extended through 2040 a preferential customs regime for the oil and gas industry called Repetro, which was set to expire in 2019, as it seeks to entice investment ahead of key auctions later this year. The move was accompanied…
Golar LNG Partners in FLNG Hilli Episeyo Stake Acquisition
Golar LNG Partners announced that it has entered into a purchase and sale for the acquisition from Golar LNG Limited and affiliates of Keppel Shipyard and Black and Veatch of equity interests in Golar Hilli LLC, which will, on the closing date of the Acquisition…
Shifting Oil Market Dynamics Key to Tanker Trade Prospects -MSI
The Q3 2017 tanker market is proving vexatious for owners still struggling with the effects of fleet oversupply. But in its latest monthly forecast, Maritime Strategies International (MSI) observes that changing trade patterns could help stabilize the market toward year-end and into 2018.
Latest Gulf of Mexico Auction Signals Offshore Return
Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum. This compared with $18 million…
Bilge Keel Damping from In-field Motion Measurements
Chevron and MARIN worked together on a novel approach to characterize the actual damping for an FSPO in real world conditions. Results show that using damping from model tests means that roll decay in calm water is conservative and that natural…
Hedge Funds Gamble for a Third Time on Oil Rebalancing
"If at first you don't succeed, try, try, try again," goes the proverb used to encourage students. Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of market…
Wison Granted AIP for Its Innovative Floating LNG Storage
Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max…
Petrobras Expects $17 Bln Investment, $8 Bln Divestitures this Year
Brazil's state-controlled Petróleo Brasileiro SA has targeted spending $17 billion in investments and selling $8 billion worth of assets this year, a presentation by the oil company published on Friday said. The presentation explaining second…
Ecochlor BWTS Receives USCG Type Approval
Ecochlor's patented BWTS has received USCG Type Approval. The Ecochlor BWTS uses a two-step process that includes filtration and treatment with chlorine dioxide (ClO2). It is completely effective on all aquatic invasive species regardless of water turbidity, salinity or temperature.