Tanker company Euronav NV has sold its very large crude carrier (VLCC) Flandre for $45 million to an unnamed global supplier and operator of offshore floating platforms. The 2004-built Flandre is wholly owned by Euronav and, following the recent sale of the 2001-built Artois, it is the oldest vessel
Statoil has submitted the plan for development and operation for its Johan Castberg project in the Barents Sea, offshore Norway.
Aker Solutions has won work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea.
World’s first converted FLNG unit, and soon to be Africa’s first FLNG unit producing LNG from an offshore gas field, has reached its final location in Cameroon, after a long journey from Singapore.
The EnQuest-operated Kraken development in the UK North Sea has been producing “above expectations” with production reaching 40,000 bopd in November.
SBM Offshore USA, a subsidiary of world’s largest FPSO provider SBM Offshore, has pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursda
Malaysia’s Yinson is set to take over the Layang FPSO contract THHE has with Japan’s JX Nippon. TH Heavy Engineering Berhad, which is building the FPSO, has applied to a Malaysian court to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia
French oil company Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro
DOF-operated multi-purpose offshore vessel Skandi Darwin, formerly known as Olympic Commander, has started its contract on the Shell-operated Prelude project in Australia.
FPSO operator BW Offshore returned to profit during the third quarter of the year. Namely, according to the company’s financial report on Friday, net profit for the 2017 quarter was $3.9 million compared to a loss of $11.2 in the third quarter of 2016. BW Offshore’s operating revenues for the quarte
Ophir will most likely not be making a final investment decision for its Fortuna FLNG project in Equatorial Guinea in 2017. Despite its recent claim it still expected the FID of the Fortuna project to be achieved in 4Q 2017, this now seems unrealistic. Namely, the company has now agreed a one-year e
BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Umuroa.
Dana Petroleum has announced first oil from its Western Isles development in the UK sector of the North Sea.
November 20, 2017 – Singaporean shipyards have held an influential position in the offshore shipbuilding world for years. Now they’re upping their game even more.
