Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea – three years ahead of the original plan.
Norwegian oil major Equinor has awarded a comprehensive and long-term testing contract on the Johan Castberg FPSO to IKM Testing.
Malaysian FPSO provider Yinson has completed an $800 million refinancing deal for the John Agyekum Kufuor FPSO.
Malaysian FPSO operator Bumi Armada has received an extension of a charter contract for its Armada Sterling FPSO from India’s ONGC.
Energean’s FPSO unit, meant for the Karish and Tanin development offshore Israel, has reached Sembcorp Marine’s shipyard in Singapore.
Hurricane Energy has confirmed the “extraordinary productivity” of two wells and the reservoir at its Lancaster EPS, located in the West of Shetland area.
Dutch marine energy group SBM Offshore has been adapting to the unprecedented situation regarding the coronavirus pandemic and was protecting its workforce by putting in place business continuity measures.
BW Offshore’s efforts to remove its FPSO Umuroa from a field offshore New Zealand following last year’s contract termination have been hindered by legal complications.
Shell has awarded a contract extension to the Petrojarl Knarr FPSO owned by Altera Infrastructure, previously known as Teekay Offshore. However, some of the terms of the contract have been changed, including a reduction in dayrate.
An independent competent persons report for Energean’s Karish North field, located offshore Israel, has revealed a significant uplift to the company’s previous best estimate of the field’s volumes and submitted an addendum to the field development plan.
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has begun an assessment of Santos’ environment plan for the operations of the Ningaloo Vision FPSO located off Australia.
A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, April 3, 2020.
Aker Energy has postponed the development of its Pecan field, located offshore Ghana. As a result, Aker Energy terminated its agreement with Yinson for the provision of an FPSO for the project.
