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Seabed Geosolutions Wins Brazil Survey Work
Fugro said its joint venture with CGG has secured a contract from Petrobras for a 3D ocean bottom node (OBN) survey in the Brazilian Santos Basin. The seven month contract awarded to the survey firms’ joint venture Seabed Geosolutions is valued…
SBM Offshore Awarded Liza FPSO Contract
SBM Offshore said it has secured contracts from ExxonMobil to construct, install, lease and operate a floating production, storage and offloading vessel (FPSO) for the next phase of the Liza project in Guyana. The contracts follow completion…
Oil at 10-month Low after Biggest First Half Slide in 20 Years
Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing U.S. production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut. U.S. crude futures settled at $42.53…
Offshore Gas Safety atop the Agenda for Martek Marine
Maritime industry technology specialists Martek Marine say it is setting the bar high when it comes to offshore gas safety. The company has developed a first-of-its-kind gas sampling system for a new moored floating production unit, which forms…
Oil Prices Pause after Sharp Falls
Oil prices edged higher on Monday, pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria, which has taken the edge off an OPEC-led initiative to support the market by cutting production.
Mexico Auctions Two-thirds of Blocks in Shallow Water Oil Tender
Mexico on Monday auctioned two-thirds of the shallow water oil and gas blocks up for grabs in the latest round of its energy market opening, surpassing the cautious estimates of officials last week. Italy's Eni, Colombia's Ecopetrol and Capricorn Energy…
Petrobras Oil Output Jumps 4% in May
Brazil's Petrobras produced 2.18 million barrels per day of crude oil on average in May, a 3.9 percent increase over the prior month, the state-owned company said on Monday. Natural gas production rose 0.5 percent to 78.9 million cubic meters per day, Petrobras added.
Exxon to Develop Liza Field Offshore Guyana
Exxon Mobil Corp, the world's largest publicly traded oil company, said on Friday it would proceed with the development of the Liza oil field, located offshore Guyana. Production from the field, one of the largest oil discoveries of the past decade, is expected to begin by 2020, Exxon said.
Exxon, Partners Set $4.4 Bln for Oil Project Offshore Guyana
Exxon Mobil Corp said on Friday it and partners would spend $4.4 billion to develop part of the Liza oilfield off the coast of Guyana, approving a megaproject at a time when the oil industry has grown obsessed with lower-cost shale. Exxon's…
LR Verifies BP FPSO Glen Lyon
The Glen Lyon floating production storage and offloading (FPSO) vessel, BP’s newest North Sea asset, was awarded full-term classification certificates for service in the Schiehallion and Loyal fields, 175 km west of Shetland. Conditions west…
TechnipFMC & the Future of 'Super-profit Oil'
TechnipFMC’s Andersen discusses the way forward now that “super-profit oil” is over. Ann Kristen Andersen heads up oilfield projects as offshore services and equipment supplier TechnipFMC’s managing director for Norway and Russia. She started her job on the first day of February 2017…
Egina FPSO to Arrive in Nigeria
On a recent visit to South Korea to inspect the Egina FPSO project, and FPSO scheduled to arrive in Nigeria in August 2017, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside said the ongoing…
World First: Commercial Onshore Remote WROV Ops
Norwegian ingenuity in the subsea space strikes again, as IKM Subsea, based in Bryne, Norway, has opened what it believes is the world’s first commercial onshore controlled ROV operations. In the near future up to three Work class ROVs and one…
Statoil Aims to More than Triple Brazil Output
Norwegian oil and gas firm Statoil aims to more than triple its production in Brazil and will seek to become operator for the entire Carcara discovery, among the world's biggest in recent years, the firm's country manager said. Statoil has invested more than $10 billion in Brazil…
Craig Joins Teekay Offshore Board
Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017. Craig has served in various executive positions in Shell, most recently in Nigeria where he was Executive Vice President for Sub-Saharan Africa…
GTT to Equip Samsung-built FLNG
GTT said it has received an order from Samsung Heavy Industries (SHI) to equip a new Floating Liquefied Natural Gas unit (FLNG), reportedly the second biggest in the world. The new FLNG, with a capacity of 238,700 m3, will integrate eight LNG…
Victoria Mulls Floating LNG Plan
Australia's Victoria state is working with AGL Energy to study building a liquefied natural gas (LNG) import terminal to beef up local gas supply, even as the country is set to become the world's largest LNG exporter. Victorian Premier Daniel…
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Norwegian Union Threatens Strike at Statoil, Shell, Eni Platforms
About 150 oil platform workers would go on strike, potentially disrupting output from several Norwegian fields, if they fail to get a pay deal by midnight on Friday, their union said on Tuesday. Lederne, the smallest of the three Norwegian unions representing oil industry workers…
Equatorial Guinea Eyes New FLNG Plants
Equatorial Guinea, which is developing Africa's first deep-water floating Liquefied Natural Gas (LNG) platform, sees scope for another two similar platforms by December, the petroleum minister said on Monday. The former Spanish colony is developing…
Petrobras Will Not Slow Down Asset Sales
State-controlled oil company Petróleo Brasileiro SA will not slow down asset sales or debt-cutting efforts if it meets debt targets earlier than expected, Chief Executive Pedro Parente said on Monday. Petrobras, as the company is known, plans to cut net debt to 2.5 times operating profits by 2018…
Equatorial Guinea Inks Production Deal with ExxonMobil
Equatorial Guinea has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, the hydrocarbons ministry said on Monday. "Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017…