Aker Energy has opted to halt development work offshore Ghana in response to the coronavirus pandemic, terminating a contract for a floating production, storage and offloading (FPSO) vessel with Malaysia’s Yinson Holdings.
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.
Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes in Nigeria’s Egina and Agbami fields.
BW Offshore intends to hold an IPO of its BW Energy unit, which is producing oil in Gabon, in the first quarter of 2020 on the Oslo Stock Exchange.
Dutch firm Boskalis has confirmed today 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.
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
The Sangomar development and exploitation plan has been submitted to the Senegalese government, operator Woodside Energy has said, with the final investment decision (FID) for the project expected later this month.
Dutch dredging and heavylift firm Boskalis has announced a clutch of new contracts worth £93m, including a transportation deal for a new North Sea FPSO.
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
Vaalco Energy has set out formal plans to list on the London Stock Exchange’s main market. The listing should take place by September 30.
BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.
Japanese construction firm Modec has unveiled plans for two new models of floating production, storage and offloading (FPSO) vessels - Noah and M350.
After months of setbacks, Hurricane Energy has successfully hooked up its production vessel to its huge Lancaster field west of Shetland.
A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021, according to a new analyst forecast.
North Sea work is helping bring the global FPSO market “back to life” according to a new report from Rystad Energy.
Aberdeen-based Innospection has partnered with Shell on a £6.8 million scheme to develop robots to inspect tanks of floating production, storage and offloading vessels (FPSOs).
Kintore-based Marine Technical Limits have appointed a new Lead Naval Architect to expand their services.
Shell revealed today that it had taken a final investment decision (FID) on the redevelopment of the Penguins area in the UK North Sea.
The floating production, storage and offloading (FPSO) vessel for the Catcher field in the UK North Sea has arrived in the Cromarty Firth.
Premier Oil’s Catcher FPSO has commenced its maiden journey to the North Sea, it was today confirmed.
A North Sea production vessel contracted on behalf of energy giant Shell was found to have a backlog of nearly 500 mechanical corrosion and defect reports during a recent safety inspection.