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FPSO & Vessels

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FPSO & Vessels

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago

FPSO & Vessels

ADNOC’s fleet richer for dive support vessel

UAE’s energy giant Abu Dhabi National Oil Company (ADNOC) has taken delivery of the first of two 24-meter catamaran dive support vessels (DSVs) from a shipyard in Dubai. ADNOC MD 01, the first of two sister vessels, was built by Dubai-based Grandweld Shipyards and designed by Robert Allan Ltd. to su

about 2 years ago

One of Shell-managed LNG carriers; Source: Shell

FPSO & Vessels

Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

about 2 years ago

U.S. Naval Forces Central Command/U.S. 5th Fleet

FPSO & Vessels

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read

Dover is a planned subsea tie-back to Appomattox, a Shell-operated production hub in the U.S. Gulf of Mexico; Source: Shell

FPSO & Vessels

Round up: Major multi-billion oil & gas projects greenlighted in 2023

While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.

about 2 years ago

GMS Scirocco jack-up barge; Source: Ocean Oilfield

FPSO & Vessels

Ocean Oilfield starts refurbishment of two GMS jack-up barges

Ocean Oilfield has embarked on its new maintenance and upgrade job, which was awarded for two jack-up barges by GMS.

about 2 years ago

Yinson Production's FPSO Atlanta during the naming ceremony in Dubai, UAE; Source: Yinson Production

FPSO & Vessels

New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery

Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago

FPSO & Vessels

Brazilian delegation visits Yinson’s FPSO undergoing conversion works in Dubai

Yinson Production has hosted dignitaries from Brazil, who came to visit an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago

AD Ports buys 10 vessels in $200 million deal

FPSO & Vessels

AD Ports buys 10 vessels for $200 million

UAE-based AD Ports Group has acquired ten vessels for around $200 million, representing a circa 20% increase in offshore and subsea capacity for the company’s Middle East and Southeast Asia operations. The vessels, bought from offshore supply vessel owner and operator E-NAV, are said to make a well-

about 2 years ago

GMS Endurance (for illustration purposes); Source: Gulf Marine Services (GMS)

FPSO & Vessels

GMS picks up new deal and two extensions for its vessels

GMS has won one new contract and two extension deals for the vessels in its fleet, raising contracted backlog revenue to $326.2 million.

about 2 years ago

FPSO & Vessels

Financing secured for ARO Drilling’s two new jack-up rigs

ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will

about 2 years ago

FPSO & Vessels

Offshore oil & gas set for growth with $214 bln of investments in the pipeline

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.

about 3 years ago

FPSO & Vessels

How far has the upgrade work for Enauta’s Brazil-bound FPSO come?

Yinson has shared an update on the developments regarding the conversion and upgrade of an FPSO, which will operate for Enauta off Brazil.

about 3 years ago

FPSO & Vessels

With first ever lifting of crude out of the way, Israel joins oil exporters club

Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.

about 3 years ago