Revenues up 16% for SBM Offshore thanks to Guyana and Brazil FPSOs
Dutch shipbuilder SBM Offshore has seen underlying revenues increase by 16% thanks to major orders for FPSO vessels in Guyana.
FPSO
Kishorn Port plans drydock extension to decommission FPSOs
Kishorn Port Limited (KPL) has submitted plans to extend its drydock for decommissioning of oil and gas FPSO vessels.
Work underway to move EnQuest Producer FPSO to Cromarty Firth
Work is underway to move the EnQuest Producer FPSO to the Cromarty Firth.
World’s largest digital twin launched for Shell
Akselos has celebrated the launch of a “digital twin” for Shell’s Bonga floating production, storage and offloading (FPSO) vessel.
Dalia FPSO passes billion-barrel milestone
The Dalia floating production, storage and offloading (FPSO) vessel has produced 1 billion barrels of oil, offshore Angola.
UK to see world’s second-highest deployment of FPSO vessels in next five years
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Huge subsea towheads spotted for Shell Penguins redevelopment
The Shell Penguins redevelopment is making progress with the arrival of three huge subsea structures in Invergordon.
Curlew FPSO departs Dundee due to lack of decommissioning facilities
The Shell Curlew FPSO (floating production storage and offloading vessel), which had been moored in Dundee for decommissioning work, has left the port.
Around 40% of FPSO maintenance work ‘unnecessary’, Lloyd’s Register claims
Around 40% of offshore oil and gas maintenance work fulfilled by Floating Production Storage and Offloading (FPSO) vessel operators is “unnecessary”, according to a UK energy consultancy firm.
Okwori FPSO attacked offshore Nigeria
An attack has taken place on a floating facility offshore Nigeria, Dryad Global has reported, saying as many as 11 people may have been kidnapped.
EnQuest Producer FPSO due for September sail-away as Alma-Galia end production
EnQuest has announced it has officially ceased production at a pair of North Sea fields, with its FPSO due to sail away in September.
Hibiscus safeguards against virus as it plans Marigold North Sea work next year
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
Producers may need to kill their old, loss-making FPSO’s in this downturn – Rystad
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s $11.10 per barrel, a Rystad Energy impact analysis reveals.
Aker Energy postpones Pecan, cuts team
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.
As pressure mounts, Tullow launches sale plans
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Chinese shipyards in the shadow of coronavirus
The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
Coronavirus threatens Karish development
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 finally out of Africa
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 Energy plans Oslo IPO this quarter
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.
Boskalis confirms one dead, five injured after consuming ‘toxic’ liquid on FPSO
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 sets out Sangomar financing plan
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Woodside, Cairn submit Sangomar plan to 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.
North Sea FPSO deal part of £93m new transportation contracts for Boskalis
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 scores in Equatorial Guinea
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
Hibiscus sidetrack flowers for BW
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.