Profits at Bumi Armada jumped last year thanks to a strong showing from its Armada Kraken FPSO in the North Sea.
Texo Group’s sister company Texo DSI has successfully pioneered a new unmanned inspection method on a major UK North Sea FPSO, delivering significant safety, time and cost saving benefits.
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Malaysia’s Bumi Armada has announced plans to sell certain “idle” floating production vessels after a major debt restructuring programme.
Malaysia’s Bumi Armada has sunk to a £426million pre-tax loss which it largely blamed on impairment charges for the Kraken FPSO in the North Sea.
Malaysia’s Bumi Armada fell to a second quarter loss due to charges relating to the Kraken FPSO.
The vessel on EnQuest’s Kraken field in the North Sea has made its first oil cargo delivery in what is thought to be fastest operation of its kind in the past decade.
Malaysia-based offshore energy facilities and services provider Bumi Armada has suspended its operations and maintenance contracts with Erin Energy at the Oyo oil field offshore Nigeria.
Keppel Offshore & Marine said it is on track to deliver a Floating Production Storage and Offloading (FPSO) veseel to Armada Kraken.