The Johan Castberg partners have studied a possible development of a downscaled ship-to-ship oil transfer terminal at Veidnes in Finnmark county in North Norway, and have concluded that the costs of constructing a terminal would be too high.
SBM Offshore has divested a minority interest in the FPSO Sepetiba project to two Japanese companies following confirmation of a 22.5-year lease and operation contract with Petrobras.
Kvaerner has revealed its plan to grow annual revenues to above NOK 10 billion ($1.1B) for the year 2023. In addition, Kvaerner has entered into an agreement with Samsung Heavy Industries and Aker Solutions for the joint delivery of FPSO contracts.
SBM Offshore has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Sepetiba.
Dutch FPSO company SBM Offshore has ordered two new FPSO hulls in China. These will be SBM’s fourth and fifth hulls ordered under the company’s Fast4Ward program.
Maersk Supply Service has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea.
Boskalis secures works for three semi-submersible transport vessels
Energean has submitted to the authorities of the Republic of Cyprus applications to import and supply natural gas to Cyprus, starting in 2021.
British oil firm Premier Oil has said that its Catcher project offshore the UK has recently achieved cash payback – meaning it has offset the initial capital expenditure costs – 22 months after first oil.
Ithaca has acquired interests in the Captain, Alba, Erskine, Alder, Britannia, Brodger, Callanish, Enochdhu, Elgin/Franklin and Jade fields.
BW Offshore has found uncertainties related to payment of outstanding overdue hire and payment of future hire by Tamarind Resources for the FPSO Umuroa following Tamarind’s termination of the contract for the FPSO.
Dutch FPSO provider SBM Offshore has secured project financing for the FPSO Liza Unity for a total of $1.14 billion.
Shuttle tanker company AET has named what it says are two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs) – Eagle Blane and Eagle Balder.
A North Sea oil field has been set up for a new lease of life after a £140 million investment to unlock fresh reserves.
