Search results for: varg fpso

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  • 2 June 2017
    Business & Finance, Exploration & Production, Project & Tenders

    Spanish oil firm Repsol has hired the Rowan Stavanger jack-up rig for work off Norway. According to, a Norwegian language energy news website, Repsol will use the rig for plugging and abandonment work at its Varg field, located in the North Sea offshore Norway. The rig has been out of work since mid-2015. Following this […]

  • 11 February 2016

    Spanish oil major Repsol has reportedly asked for a permission from the authorities to plug eight wells and shut down the Varg field, located in the Norwegian sector of the North Sea.  Repsol is the operator of the field with 65% interest and the partners are Petoro with 30%, and Det norske oljeselskap with 5% interest. The field is […]

  • 7 April 2017

    UK oil firm Alpha Petroleum has entered into a Front-End-Engineering and Design (FEED) study agreement with Teekay, over a potential FPSO charter deal. The company plans to use Teekay’s Varg FPSO to develop the Cheviot oil field in the UK. The plan is to use the FPSO for the entire expected life on the field. The […]

  • 24 June 2019
    Business & Finance, Infrastructure

    Petrojarl Varg is a ship-shaped, turret moored, FPSO delivered in 1998.

  • 3 May 2016

    Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Repsol consent for the removal of the Petrojarl Varg FPSO and subsea structures on the Varg field, located in the North Sea offshore Norway.  Previously, Spanish oil and gas company Repsol decided to shut down the Varg field as it was no longer considered profitable. Repsol is the […]

  • 22 October 2018
    Business & Finance, Infrastructure

    Sembcorp Marine has signed an agreement with Teekay Offshore Partners for engineering, procurement and construction works related to the modification, repair and life extension of the Petrojarl Varg FPSO.

  • 28 April 2016

    Teekay, a marine energy transportation, storage and production company, has decided to slash its workforce by 70 positions over a recent contract loss for the FPSO Petrojarl Varg.  Namely, the contract for Teekay’s floating, production, storage and offloading unit operating on the Varg field in the North Sea, the Petrojarl Varg, was cancelled by the field operator, […]

  • 1 November 2018
    Business & Finance

    Teekay Offshore Partners signed a conditional seven-year charter contract for FPSO Petrojarl Varg.

  • 1 May 2019

    Teekay Offshore, a provider of floating production units for the offshore industry, has said that a decision on its potential charter of Petrojarl Varg FPSO might come in the second quarter of 2019.

  • 6 August 2015
    Business & Finance

    Teekay Offshore has received a contract extension for the Petrojarl Varg floating, production, storage and offloading (FPSO) vessel.  In June 2015, the charterer of the Petrojarl Varg FPSO, Talisman Energy Norge AS, exercised an option to extend the contract period of the vessel for an additional three years through June 30, 2019. According to Teekay, the […]

  • 6 September 2017
    Exploration & Production

    Repsol’s Norwegian unit, Repsol Norge, has received consent from the country’s Petroleum Safety Authority (PSA) for the use of Rowan Stavanger jack-up rig for permanent plugging of wells on the Varg field off Norway.  The wells to be plugged are in production license 038 which is in the southern sector of the North Sea, around […]

  • 21 April 2016
    Business & Finance

    DeepOcean has been awarded a contract for provision of engineering, procurement, removal and disposal (EPRD) of Varg subsea facilities, offshore Norway, by Repsol.  Varg field is located in the Norwegian sector of the North Sea. Repsol, the operator of the field with 65% interest, recently applied to authorities to plug eight wells and shut down the Varg […]

  • 2 January 2013
    Business & Finance

    Talisman Energy Norge AS has received consent to use the Petrojarl FPSO on the Varg field beyond its original lifetime. Varg is an oil field located south of Sleipner Øst in the central part of the North Sea, at a water depth of 84 metres. The original design lifetime was based on the reserve estimate […]

  • 2 September 2019
    Exploration & Production

    Stena AB has officially confirmed that an offshore rig contract signed last year with Alpha Petroleum has been canceled.

  • 20 February 2019
    Business & Finance, Exploration & Production, Infrastructure

    Singapore’s offshore platform and rig builder Sembcorp Marine sees improvements in global spending on offshore exploration and production, however, it does not expect this to reflect on its near-term business volume.

  • 24 February 2011
    Business & Finance

      Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), today reported the Partnership’s results for the quarter ended December 31, 2010. During the fourth quarter of 2010, the Partnership generated distributable cash flow(1) of $26.9 million, compared to $20.8 million in the quarter ended September 30, […]

  • 18 May 2017
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation reported consolidated GAAP net loss attributable to shareholders of USD 45.3 million, and consolidated adjusted net loss of USD 35.7 million in the first quarter of 2017. The net loss edged down when compared to the corresponding period when the corporation booked USD 48.7 million loss, but is considerably higher […]

  • 25 October 2018
    Exploration & Production

    Offshore rig and platform builder Sembcorp Marine posted a net loss in the third quarter of 2018 citing persisting ebb in business volume.

  • 29 October 2014

    The Petroleum Safety Authority (PSA) Norway has carried out an audit of Teekay Petrojarl with associated offshore verification on board Petrojarl Varg. Teekay Petrojarl is a Norwegian company that operates floating production, storage and offloading (FPSO) facilities. The PSA carried out an audit of the company from 9 to 11 September 2014. The audit was […]

  • 3 May 2016
    Business & Finance, Equipment, Operations & Maintenance

    The Petroleum Safety Authority Norway (PSA) has granted Repsol a consent for the removal of Petrojarl Varg and subsea structures on the Varg field. Varg is an oil field in the North Sea, around 220 kilometres south-west of Utsira in Rogaland county. The field was developed using the Varg A wellhead facility, subsea structures and […]

  • 19 October 2018

    Alpha Petroleum has entered into agreements with Teekay Offshore for its Petrojarl Varg Floating Production Storage and Offloading (“FPSO”) unit to be deployed to the Cheviot oil field.

  • 24 June 2019
    Business & Finance

    The deal was terminated as a result of the condition precedent not having been satisfied.