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BW Offshore's FPSO Stuck in New Zealand

Apr 10, 2020

FPSO-leasing company BW Offshore has been unable to remove the Umuroa FPSO from the Tui field in New Zealand following the contract termination, client liquidation, and the country's court and environment regulator intervention.The company was…

Energean Ups Israeli Offshore Field Size Estimate

Apr 09, 2020

Eastern Mediterranean-focused gas group Energean said on Thursday a report showed its Karish North field contained around a third more gas and oil than it had previously thought.The Karish North field, according to an expert report typically used in the industry…

Energean Power FPSO Hull Leaves China

Apr 03, 2020

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore…

Aker Energy Delays Ghana Offshore Project 'Indefinitely'

Apr 01, 2020

Ghana's President Nana Akufo-Addo in February said he expected Norwegian oil firm Aker Energy to make a final investment decision on the Pecan offshore development 'within a month or two.' The wait is now set to be prolonged 'indefinitely.'Namely…

Brazil: FPSO Charter Ends 5 Years after Deadly Explosion

Mar 30, 2020

FPSO leasing company BW Offshore has informed that a charter for FPSO Cidade de Sao Mateus has expired. The FPSO was involved in an explosion in February 2015, an incident in which nine workers were killed, and 26 others injured. There were…

Yinson, Petrobras Sign Firm Contracts for Marlim 2 FPSO

Mar 30, 2020

Malaysian FPSO provider Yinson has signed firm contracts with Petrobras for the delivery and for operation and maintenance of the Marlim 2 FPSO.The two companies had in October 2019 signed letters of intent for the long-term charter and operation…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

Mar 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…

China's CNOOC to Load First Cargo of Guyanese Oil Soon

Mar 20, 2020

China's state-controlled oil company CNOOC Ltd is scheduled to load in the coming days its first cargo of crude from Guyana's offshore Liza oil project, the South American country's Director of Energy Mark Bynoe said.CNOOC has a 25% stake in…

Energean Power FPSO Hull to Sail Away in "Coming Weeks"

Mar 19, 2020

Israel-focused oil firm Energean expects the hull of its Energean Power FPSO will set sail from China in the coming weeks, easing concerns of potential further delays, after it last month warned over the possible impact of the coronavirus outbreak in China on the FPSO construction…

Yinson, PTSC Sign Long Term FPSO Charter Deal

Mar 17, 2020

Malaysian FPSO leasing company Yinson has signed a longer-term charter deal for the provision of the FPSO PTSC Lam Son to Vietnam's PTSC AP.After several short-term extensions, Yinson's Vietnam JV PTSC AP has signed a charter deal for the FPSO…

Global Mariner Offshore Sues Yinson, THHE, Floatech

Mar 09, 2020

Malaysian oil and gas services provider Global Mariner Offshore has launched legal action against TH Heavy Engineering, Floatech, Yinson, and several other parties, seeking RM74,800,000 plus interest in damages.Global Mariner is a 20 percent owner of Floatech…

Yinson: Abigail-Joseph FPSO Sets Sail for Nigeria. First Oil in May

Feb 28, 2020

Malaysian FPSO leasing company Yinson has informed that its FPSO Abigail-Joseph has set sail from Singapore to Nigeria, where it will be deployed at First E&P offshore oil fields.The FPSO, previously named Allan, has recently been upgraded by Keppel in Singapore…

Bumi Armada to Appeal Ruling in FPSO Case with Woodside

Feb 27, 2020

Malaysian FPSO leasing company Bumi Armada will appeal a recent court decision in which it lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO, which was at the time operating at the Balnaves Field…

Keppel Breaks FPSO Conversion Record

Feb 26, 2020

Singapore's offshore facilities builder Keppel has said it has delivered 'the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project.'Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings…

Premium for Van Gogh Crude Falls as VLSFO Market Weakens

Feb 26, 2020

Australia's Santos Ltd has sold a 175,000-barrel cargo of Van Gogh crude loading March 29-April 2 to trading house Vitol at a premium of $15-$16 a barrel to dated Brent, well below the last traded level, three sources familiar with the deal said on Thursday…

Current News

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Halted Shares of Sembcorp Marine, Parent in Focus in Singapore

Keppel, Borr Drilling Agree on Jack-Up Deliveries Delay

Keppel, Borr Drilling Agree on Jack-Up Deliveries Delay

Seacor Marine Takes Full Ownership of Seacosco

Seacor Marine Takes Full Ownership of Seacosco

Singapore’s First LNG Bunkering Vessel Hits the Water

Singapore’s First LNG Bunkering Vessel Hits the Water

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Petronas Completes First LNG Cargo Delivery to Myanmar

Petronas Completes First LNG Cargo Delivery to Myanmar

Allseas Debuts in China

Allseas Debuts in China

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