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…
Malaysian oil and gas company Petronas on Tuesday confirmed the contract award to TechnipFMC for the engineering, procurement, construction, installation, and commissioning for a subsea production system, umbilical, riser, and flowline (SURF) for its Limbayong deepwater development…
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…
Through a joint venture firm with Shapoorji Pallonji, Malaysian floating production vessel company Bumi Armada has struck a deal to set up and operate a floating storage regasification unit (FSRU) in Mumbai Harbour.SP Armada Clean Energy Ventures Private Limited (SPACEVPL)…
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…
FPSO specialist BW Offshore has awarded NOV's APL a contract to supply a large submerged turret production (STP) system for the FPSO to be deployed at Santos' Barossa gas and condensate field located offshore of Australia.The Barossa field is…
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)…
Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…
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…
China’s offshore oil and gas major CNOOC Ltd is expected to start production at Lingshui 17-2, a large deepwater natural gas deposit in South China Sea, in the first half of 2021, the company executive said on Thursday.Lingshui 17-2 is CNOOC’s first fully-owned deepwater gas project…
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 company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020.Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21…
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…
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