Maersk Supply Service reports winning a solutions project contract for the Libra Consortium in Brazil for the pre-lay of anchors to a newbuild FPSO in Brazil, a project integrating engineering, procurement, construction and installation (EPCI)…
Japanese FPSO specialist MODEC has been awarded the contract for the delivery of an FPSO unit for Equinor's Bacalhau development.The EPCI contract award follows the final investment decision for the development of the field, announced by Equinor and its partners Tuesday…
Dyna-Mac, a Singapore-based firm building modules for offshore oil and gas facilities, has won a module fabrication deal with FPSO supplier BW Offshore.The contract, valued at S$197 million (around $148 million), is for the supply, fabrication…
Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER)…
The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…
Australian oil and gas company Santos on Tuesday announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory, Australia.The Barossa development will comprise a BW Offshore supplied FPSO…
Mooring systems provider SOFEC has informed that it has delivered the Upper Tower and Mooring Support & Yoke Structures for MODEC’sFPSO Miamte MV34 which will be deployed for Eni in Mexico.SOFEC was awarded a contract by MODEC in October 2018…
Malaysian FPSO specialist Bumi Armada has amended the maturity of a portion of the $660 loan from 2019, citing the impact of the coronavirus pandemic on its business.Bumi Armada said the loan agreement has been amended on to extend the final…
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…
Floating Production Storage and Offloading (FPSO) vessels are essential tools in the search for oil in deeper waters, further from shore-based facilities. Typically, the large FPSO is stationary with a number of wells feeding oil into its holds…
Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law…
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…
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…
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