BW Offshore’s strategy for recycling its end-of-life floating production storage and offloading (FPSOs) units has been criticised following a fatality at a ship breaking yard in India. BW is one of the largest operators of FPSOs for the oil and gas sector, but its decommissioned units are being dismantled in yards with questionable health, safety, and environmental credentials.
Singapore yard Keppel Offshore & Marine (Keppel O&M) has been awarded two integration FPSO integration contracts worth S$250 million ($180 million) from BW Offshore and Single Buoy Moorings (SBM).
A worker reportedly lost his life while scrapping an FPSO unit, formerly owned by Oslo-listed BW Offshore (OL:BWO), at an Indian beaching yard on 21 April, according to a report from an NGO. However, BW Offshore denied the report, and said Wednesday that the incident “was unrelated to the ongoing recycling of former BW Offshore FPSOs at the yard.”
It is understood that the sailaway for the floating production storage and offloading (FPSO) vessel for the Shell Penguins field has been delayed.
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around S$250 million ($186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the enlargement of two Trailing Suction Hopper Dredgers (TSHD).
BW Offshore has signed a deal to recycle its BW Cidade de São Vicente at a yard in India, in compliance with the Hong Kong International Convention.
More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe.
Equinor has published an impact assessment for the development and operation of its Wisting field, fleshing out details on investment, operating expenditure and electrification plans.
BW Offshore has signed a deal to sell its FPSO BW Joko Tole to a group of Indonesian companies that will free up cash to pursue other investments. However, the FPSO was sold at a loss.
Spirit Energy is tentatively targeting a second quarter sailaway for the Hummingbird Spirit FPSO in the North Sea.
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market.
Footage has been released of the FPSO for the Shell Pierce field arriving in Norway for refurb to allow for a gas expansion project at the UK field.
Malaysia’s Yinson, an energy infrastructure and technology company, will provide a floating storage and offloading (FPSO) vessel to Enauta Energia for use at the Atlanta field in the Santos basin offshore Brazil in a deal worth at least $505 million.
Sevan SSP has announced that its concept has been chosen for the Equinor-operated Wisting field in the Barents Sea.
The FPSO for the Shell Pierce field is heading off for refurbishment to allow for a gas expansion project at the UK asset.
Orcadian Energy has taken "a really important step" on the way to pushing through its 80million-barrel Pilot field in the UK North Sea.
Keppel Offshore & Marine has been awarded work for the conversion of a floating storage and regasification unit (FSRU) and the integration of a floating production storage and offloading vessel (FPSO).
Norway's BW Offshore (OL:BWO) said that the Barossa floating production storage and offloading (FPSO) vessel project for Santos (ASX:STO) is experiencing some cost increases due to price inflation for materials.
Aker Solutions has landed the front-end engineering and design (FEED) work for the Equinor Wisting FPSO in the Barents Sea.
Singapore’s Sembcorp Marine will carry out front-end engineering design (FEED) work for the floating production, storage and offloading (FPSO) facility that will form part of Santos’ Dorado development offshore Australia.
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
Spirit Energy has decided it will finally decommission the Chestnut field in the North Sea, more than a decade after it was first expected to be shut in.
Vaalco Energy has signed a binding letter of intent (LoI) with World Carrier Offshore Services to provide a floating storage and offloading (FSO) vessel offshore Gabon.
Altera Infrastructure (formerly Teekay Offshore) has been chosen to provide front-end engineering and design (FEED) work for the Dorado oil project's floating production, storage and offloading (FPSO) vessel offshore Western Australia.