Search results for: Petroleo Nautipa

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A list of search results

  • 8 October 2014

    BW Offshore has completed the acquisition of the FPSO Petroleo Nautipa. The floating, production, storage, offloading vessel was, prior to the completion of the transaction,  jointly owned by Norway’s BW Offshore and Malaysia’s Yinson Holdings through Tinworth, a joint venture company. The price for the 50% stake acquired from Yinson was $49.3 million, plus approximately $10 million consideration for the […]

  • 26 March 2015

    BW Offshore has signed a loan documentation for a new $80 million senior secured credit facility in respect of the FPSO Petroleo Nautipa. Petroleo Nautipa is operating for Vaalco Energy in Gabon under a firm charter contract until Q3 2020, with options for additional two years. The loan to the Norwegian provider of floating production vessels has […]

  • 8 October 2014
    Business & Finance

    BW Offshore has today completed the sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa. Petroleo Nautipa is operating for Vaalco Energy in Gabon under a firm charter contract until Q3 2020, with options for additional two years. The FPSO has been with Vaalco since 2002, operating at the […]

  • 24 July 2014
    Business & Finance, Project & Tenders

    BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned Norwegian subsidiaries. The price for the 50% stake acquired from Yinson is […]

  • 24 July 2014
    Business & Finance

    BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd. Tinworth, and correspondingly the FPSO, has been 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned Norwegian subsidiaries. The price for the 50% stake acquired […]

  • 17 October 2007

    VAALCO Energy, Inc. today announced that it had entered into an agreement with Tinworth Pte. Ltd. regarding the FPSO ‘Petroleo Nautipa’. The FPSO operates within the Etame Marin concession offshore Gabon. The new agreement allows the consortium to increase oil production beyond the current contractual capacity of the FPSO while also extending the contract an […]

  • 21 July 2020
    Business & Finance, Business developments & projects, Infrastructure, Vessels

    BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels.

  • 9 July 2014
    Business & Finance

    BW Offshore has initiated a process for reaching a mutual agreement for either of the two owners to take over the eventual 100% ownership of Tinworth Pte. Ltd., and correspondingly, the FPSO Petroleo Nautipa. Tinworth Pte. Ltd. and the FPSO is currently 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly […]

  • 16 August 2019
    Business & Finance, Infrastructure

    BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels.

  • 9 July 2014
    Business & Finance

    BW Offshore has initiated a process for reaching a mutual agreement for either of the two owners to take over the eventual 100% ownership of Tinworth Pte. Ltd., and correspondingly, the FPSO Petroleo Nautipa. Tinworth Pte. Ltd. and the FPSO is currently 50/50 owned between BW Offshore and Yinson Holdings Berhad through their respectively wholly owned Norwegian subsidiaries. […]

  • 4 April 2005

    Tinworth Limited, a company owned and controlled 50% by Prosafe ASA and 50% by Ganger Rolf ASA / Bonheur ASA, has entered into an agreement with Vaalco Gabon (Etame) Inc., extending the contract for the employment of FPSO Petr

  • 12 October 2015
    Exploration & Production, Project & Tenders

    Vaalco Energy, Inc. on Monday announced a re-sequencing update to its drilling and workover program offshore Gabon in the Etame Marin block. To remind, the company in September, 2015, announcing first production North Tchibala field development well, said it would mobilize the Transocean Constellation II jack-up rig to the Avouma/South Tchibala field to conduct workover operations to replace electrical submersible […]

  • 1 September 2014
    Project & Tenders

    Vaalco Energy has announced that production from the Etame Marin block, offshore Gabon, has resumed after the successful completion of previously announced maintenance work on the company’s leased FPSO vessel “Petróleo Nautipa”. Work was performed to upgrade the fire and gas detection systems on the FPSO and other routine maintenance work was completed on-time and without any safety […]

  • 27 January 2016

    VAALCO Energy (VAALCO), an oil production company, is putting off its offshore Gabon Etame Marin Crude Sweetening Project (CSP) until oil prices recover to levels that support positive economic returns.  “Although over 15 potential solutions were identified and evaluated to remove hydrogen sulfide (H2S) from produced fluids, none are economic in the current depressed oil price […]

  • 2 July 2012
    Business & Finance

    Fred. Olsen Production and BW Offshore have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is owned 50% by Fred. Olsen Production and 50% by BW Offshore. The firm period has been extended to Q3 2020 (from Q3 2015), with […]

  • 2 July 2012
    Business & Finance

    Fred. Olsen Production and BW Offshore have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is owned 50% by Fred. Olsen Production and 50% by BW Offshore. The firm period has been extended to Q3 2020 (from Q3 2015), with […]

  • 19 December 2016

    German firm BS Offshore will be responsible for the management of the Reforma Pemex newbuild accommodation vessel. “Following a two-year period of plan approval and newbuild supervision services provided by Bernhard Schulte Shipmanagement’s project focused business, Schulte Marine Concept, BSM is pleased to announce that it’s Mexico based Ship Management Centre has commenced management of […]

  • 23 October 2013

    Fred. Olsen Production reported its operating revenues in Q3 2013 were USD 29.4 million (USD 28.4 million in Q3 2012) with an EBITDA of USD 12.3 million (USD 14.5 million). After depreciation of USD 7.2 million (USD 7.1 million) the operating profit (EBIT) was USD 5.1 million (loss USD 7.4 million). The net financial expenses […]

  • 19 October 2015

    AziLat Ltd., an oil and gas exploration company focused on South America will buy two offshore blocks in Brazil from OGX Petróleo e Gás S.A. (“OGX”). The blocks CE-M-603 and POT-M-475 are located in the Ceará Basin and the Potiguar Basin, respectively, and are operated by ExxonMobil Exploração Brasil Ltda (“ExxonMobil”). AziLat Managing Director, Michael Stewart, said: […]

  • 29 August 2019
    Exploration & Production

    Oil and gas company Vaalco Energy is planning to start its drilling campaign offshore Gabon next month.  According to Vaalco’s update on Wednesday, Vantage Drilling has notified Vaalco that it expects to release the Topaz Driller jack-up rig to Vaalco in early September following completion of Eni’s Gabon drilling operations. It is worth mentioning that the […]

  • 17 January 2014
    Business & Finance

    Perdana Nautika Sdn Bhd (PNSB), a wholly-owned subsidiary company of PPB, has accepted the letter of award (LOA) dated 10 January 2014 from Talisman Malaysia Limited for the charter of one unit of anchor handling tug supply (AHTS) vessel.   The charter will run effective from 10 December 2013 for a period of one year […]

  • 30 November 2011

    Petrobras , the largest company headquartered in the Southern Hemisphere by market value, announces the discovery of good quality oil during drilling of well 4-BRSA-946C-SPS, informally known as Biguá. The well is located in block BM-S-8, in ultra deep waters of the Santos Basin pre-salt area, 270km away from the coast of the state of […]