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Asian Workover

 

Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

Nov 26, 2020

Singapore's Keppel Offshore & Marine has won a contract from an unnamed repeat customer worth about S$100 million (USD 74,7 million) for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO).Scheduled for delivery in 4Q 2022, Keppel Shipyard’s scope of work includes the fabrication, installation and integration of topside modules, riser balconies and spread mooring support structures…

Energean Sanctions Karish North Gas Field Project. Gets $700M Loan

Jan 14, 2021

Mediterranean Sea-focused oil and gas company Energean has taken Final Investment Decision ('FID') on the Karish North gas development, offshore Israel.The gas discovery was announced in April 2019. In November 2020, DeGolyer and MacNaughton…

Modec Nets Sangomar FPSO Operations and Maintenance Deal

Dec 14, 2020

Japanese FPSO contractor Modec has won a contract with Woodside for the operations and maintenance of the Sangomar FPSO in Senegal.The deal follows a contract signed in January for Modec to deliver the FPSO for Sangomar field development  - Senegal's first offshore development…

BW Offshore, New Zealand Gov't Reach Umuroa FPSO Settlement

Nov 20, 2020

FPSO operator BW Offshore has reached a settlement with the New Zealand government over the FPSO Umuroa, which has been stuck at the Tui field, around 50 kilometers off the coast of Taranaki, for months.BW Offshore has been unable to remove…

Topside Integration Works Kick Off on Liza Unity FPSO in Singapore

Nov 16, 2020

SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production…

Dyna-Mac Nets $116,9M Worth in New Contracts. Loses Offshore Vessel Deal

Nov 10, 2020

Singapore-based oil and gas module building firm Dyna-Mac has won new contract worth S$157.50 million ($116,9 million) but has also said it has lost a contract for work on an offshore vessel, which was awarded in April 2020.Dyna-Mac said Tuesday…

Digitizing Risk-based Integrity Management of FPSOs

Oct 23, 2020

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…

BW Offshore Liquidates Subsidiary after FPSO Stuck in New Zealand for Months

Oct 23, 2020

Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…

LQ, Pipe Rack Modules Installed on Energean Power FPSO

Oct 07, 2020

Living quarters and eigh pipe rack modules have been lifted aboard the Energean Power FPSO hull as the construction of Energean's FPSO destined for the Mediterranean Sea progresses in Singapore.The FPSO hull, built in China is being outfitted with topside modules at Sembcorp’s Admiralty Yard…

Miko Marine to Supply Magnetic Hull Closures for Modec FPSO

Oct 06, 2020

Norwegian company Miko Marine will deliver four cofferdams and water inlet covers for a Modec FPSO being built in China.The FPSO, under construction at the DSIC yard in Dalian, will operate at Equinor's Bacalhau field offshore Brazil.Miko Marine…

Alfa Laval Pumps for Three China-built FPSOs

Sep 30, 2020

Swedish company Alfa Laval has said it has won orders to deliver Framo pumping systems for three FPSOs to be built in China.The orders comprise marine pumping systems for crude oil offloading, produced water, slop and ballast duties.The company…

Jadestone, OMV Take More Time to Wrap Maari Field Transaction

Sep 25, 2020

Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…

Vietnam Approves Pharos Energy's Offshore Oil Project

Sep 11, 2020

Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.Pharos, until recently known as Soco International, said that the approval of what is called the…

Yinson Orders TMC Compressors for Anna Nery FPSO

Sep 07, 2020

Malaysian FPSO provider Yinson has ordered a large marine compressed air system from TMC for the FPSO Anna Nery, which currently under construction in China, and destined for Petrobras' Marlim revitalization project in Brazil.TMC's compressed…

Offshore: Digital Twinning & Reduced Operating Cost Offshore

Aug 28, 2020

The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years…

Current News

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FAR, Woodside Sign Senegal Assets Sale Deal

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Halliburton 4Q Result Beats Estimates, But Profit Drops 43.9%

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Petronas Extends ROV Services Contract with Tanjung Offshore

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China's 2020 Refinery Output Rises to Record. Offshore Oil Production Grows

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