Floating Production News


Samsung Heavy Industries Taps GTT for Tank Design of New FLNG Unit

Mar 28, 2023

French engineering firm GTT said Tuesday it had received an order from its South Korea-based shipbuilder Samsung Heavy Industries for the tank design of a new Floating Liquefied Natural Gas (FLNG) unit. According to GTT, Samsung is building the FLNG for 'an Asian company…

Jadestone Energy's Montara Field Offshore Australia to Resume Production Soon

Mar 16, 2023

Asia-pacific focused oil and gas company Jadestone Energy expects to resume production from its Montara field offshore W. Australia in approximately one week.The company shut down production from the Montara Venture FPSO in 2022, first to allow…

Greece's First FSRU Project Starts with Conversion at Keppel

Mar 01, 2023

Work has begun to develop Greece’s first Floating Storage Regasification Unit (FSRU) at the Keppel shipyard in Singapore, with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea, recently renamed Alexandroupoli.Following conversion,…

Severe Weather Delays Jadestone Energy's Montara Field Restart Plans

Feb 28, 2023

Asia Pacific-focused oil and gas company Jadestone said Monday it wouldn't meet its previously planned end-of-month production restart from the Montara field, off western Australia, as bad weather was hampering topside maintenance work on the Montara Venture FPSO…

Australian Regulator Accepts Santos' Offshore Project Proposal for Dorado

Feb 14, 2023

The Australian offshore oil and gas safety regulator NOPSEMA has accepted Santos' Offshore Project Proposal (OPP) relating to the Dorado project, one of the largest ever oil discoveries in Australia’s North Western Shelf.'Acceptance of the OPP…

Eni Poised to Take Over Chevron's Stake in Indonesia Deepwater Development Project

Feb 10, 2023

Italy's Eni could take over Chevron's stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.'Currently Eni is working, and so far, so good…

Indonesia's 2022 Oil, Gas Lifting Below Target, but Investment Rising

Jan 18, 2023

Indonesia's oil and gas lifting last year came in below target due to unplanned shutdowns and maturing blocks, but exploration and production investment is poised to take off, the country's upstream regulator SKK Migas said on Wednesday.Indonesia's crude oil lifting stood at 612…

Report: Output from Shell's Prelude FLNG Shut Again

Dec 22, 2022

Shell has stopped production at its Prelude floating LNG plant off Western Australia after a fire.A Shell spokesperson told Reuters on Thursday that the fire at the giant FLNG unit 'was rapidly extinguished.'The 488-meter-long, Shell-operated…

AG&P, ADNOC L&S to Convert LNG Carrier into FSU and Deploy it in India

Dec 21, 2022

Atlantic Gulf & Pacific International Holdings (AG&P) have signed a charter agreement to use ADNOC L&S 's LNG Carrier Gasha, as a Floating Storage Unit (FSU).The LNG carrier will be used at AG&P's LNG import terminal in India, which will be commissioned in the second half of 2024…

Short-term Charter Extension for Yinson's FPSO in Nigeria

Dec 21, 2022

Malaysia's FPSO leasing company Yinson has secured a one-month contract extension for its Adoon FPSO in Nigeria.The contract was signed with client Addax, a Sinopec subsidiary, on December 16, 2022 and will run until January 2023.The value of the contract extension is estimated to be $3…

Western Gas to Link its Equus Gas Field to North West Shelf And Pluto LNG Plants

Dec 20, 2022

Australian oil and gas company Western Gas has signed non-binding milestone agreements with the North West Shelf Project participants and Pluto LNG in Australia to process up to 3 Mtpa of gas from its Equus offshore gas field for LNG export and the WA market from 2027…

Wah Seong Wins $127M FPSO Topside Module Order

Dec 09, 2022

Wah Seong Corporation's Singapore-based subsidiary, WS Engineering & Fabrication Pte. has won a contract to build FPSO topside modules from Malaysian FPSO supplier Yinson.The contract is worth around $127 million.According to Wah Seong, the scope of work of the contract involves engineering…

Jadestone Buys BP's Stake in Cossack, Wanaea, Lambert, and Hermes Oil Fields Off Australia

Nov 01, 2022

Asia Pacific-focused oil and gas company Jadestone Energy has completed the acquisition of a non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development offshore Australia from BP.The fields are part of the North West Shelf Oil Project…

Time to Move On: Jadestone, OMV 'Reluctantly' Scrap New Zealand Oilfield Deal Citing Regulatory Uncertainty

Oct 27, 2022

Oil and gas companies Jadestone Energy and OMV New Zealand have 'reluctantly' agreed to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, citing regulatory uncertainty.Singapore…

Report: Reliance Industries' New FPSO in Collision Incident Off India

Oct 10, 2022

India-based Reliance Industries' recently delivered FPSO Ruby on Sunday collided ‘lightly’ with an accommodation barge offshore the east coast of India, India’s Economic Times reported on the same day.The news website cited a Reliance spokesperson…

Current News

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

India Seeks $30B from Reliance, BP Over Gas Shortfall at Offshore Fields

PV Drilling’s Jack-Up Rig Returns to Asia Ahead of April Drilling Ops

South Korean Firm Buys Into Indonesian Offshore Oil Block

Petronas, CNOOC Ink LNG Sale and Purchase Agreement

Russia Gives ExxonMobil More Time to Exit Sakhalin-1 Oil and Gas Project

Yinson Production Cuts First Steel for Vietnam-Bound FSO

CNOOC Makes Major Oil Discovery in Bohai Sea

DOF Bags Two Deals in Asia-Pacific Region

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