Italian oil giant, or in this case gas giant, Eni, has made a major step ahead of the expected final investment decision for the development of the giant Coral gas field offshore Mozambique. Namely, Eni and its partners in the Area 4 concession have managed to find a major customer for the gas to be
UK’s offshore services provider Petrofac has reportedly completed the takeover of the Lewek Emas FPSO. The sale of the FPSO was previously agreed in principle, between Emas Offshore and PetroFirst. PetroFirst is a joint venture between First Reserve, a global, private equity and infrastructure inves
A Malaysian news website has issued a report claiming that that FPSO provider Bumi Armada is still in talks with the UK oil company EnQuest regarding a $65 million refund and liquidation damages claim by EnQuest due to a delay in delivery of the Armada Kraken FPSO. The Malaysian company, however, ha
Bluewater Shipping, a provider of floating production storage and offloading units for the international offshore oil and gas industry, reported a raise in net profit of the first half of 2016. The company’s profit after tax was $43.6 million, up from $1.2 million for the corresponding period of 201
Swedish independent oil company Lundin Petroleum has canceled a deal to sell the Bertam floating production storage and offloading (FPSO) vessel to a Malaysian company. Lundin said in January that it had entered into an agreement to sell the FPSO Bertam to M3nergy Investment Ltd (M3nergy), a wholly
Mechanical engineering specialist EnerMech is in the process of delivering a contract worth over £5 million ($6.6M) supporting the turret delivery team on BP’s Glen Lyon floating production storage and offloading (FPSO) vessel. The vessel left Aibel’s yard in Haugesund, Norway in June, towed by Sols
On Thursday morning, Det norske oljeselskap was informed about a hydrocarbon leak in the pump room aboard the Alvheim floating production, storage and offloading (FPSO) unit, located in the North Sea offshore Norway. Det norske oljeselskap is the operator of the Alvheim field with 65% working intere
Norwegian offshore safety body, the Petroleum Safety Authority, has found several irregularities and improvement points during an audit of Teekay Petrojarl, a floating production, storage and offloading (FPSO) operator in the North Sea. PSA’s audit, conducted aboard the Knarr FPSO, focused on overal
BW Offshore, a provider of floating production services to the oil and gas industry, has received a contract extension for one of its FPSO vessels. The FPSO provider said on Friday that oil company CNR International has exercised the option to extend the fixed term of the lease contract for FPSO Esp
National Oilwell Varco and GE Oil & Gas announced on Thursday the execution of an agreement to collaborate on delivering integrated solutions for Floating Production Storage and Offloading (FPSO) vessels. The agreement brings together the complementary product offerings and engineering capabilities
Ezra Holdings and Emas Offshore Production Services (Vietnam) have entered into an agreement for the sale of a combined equity share of 80% in PV Keez to PetroFirst. PV Keez is a single purpose company incorporated in Singapore and owns the floating production storage and offloading (FPSO) unit Lewe
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has carried out an audit of BP Norge’s OHAS management on the Skarv floating production, storage and offloading (FPSO) vessel, offshore Norway. PSA said on Friday that the audit on the Skarv FPSO was conducted from April 12 to Apr
HiLoad LNG, a subsidiary of Sevan Marine, and Technip, a French oilfield services provider, presented the HiLoad LNG Parallel Loading System (PLS) at the Offshore Technology Conference in Houston. In a statement on Thursday, Sevan Marine disclosed several characteristics of the new PLS system displa
Norwegian offshore facilities designed Sevan Marine will keep on working on a design for a cylindrical Floating LNG unit. The company on Tuesday said, referring to the paid FLNG feasibility study announced in Q3 2015 for the use of Sevan Marine’s cylindrical hull for a specific FLNG development, tha
