Aker Energy has entered into a Letter of Intent with Yinson to award a bareboat charter and an operations and maintenance contract for an FPSO vessel at the Pecan field, offshore Ghana.
Mime Petroleum has issued a NOK 300 million ($32.2M) senior unsecured bond with maturity in February 2025 ahead of the Vår Energi-operated Balder Future project in the North Sea.
Aker BP has strengthened its position in the Skarv offshore area by swapping its interest in two licenses for an interest and operatorship in license which holds the Shrek discovery, near the Skarv field.
Premier Oil has filed its decommissioning program for the float-off of the Huntington field FPSO to the UK authorities.
Japan’s MODEC has awarded Aibel a letter of intent in connection with MODEC’s supply of a newbuilt FPSO to Equinor for the Bacalhau field in Brazil.
BP has announced early production from the Alligin field located in the west of Shetland region, offshore the UK.
Norwegian FPSO operator BW Offshore is targeting 1Q 2020 for the IPO and listing of its 68.6% owned exploration and production subsidiary, BW Energy.
EnQuest has submitted its draft decommissioning programs for the Alma & Galia fields located in the North Sea to the UK authorities.
In surfing, reading the environment and anticipating a wave from a small lump on the horizon can be difficult, but rewarding. This is what SBM Offshore had done when after a rather dry period for FPSO orders it ordered an FPSO hull from China’s SWS Shipyard in July 2017.
Shell in large Australia discovery, Exxon finds more oil fires up Liza FPSO in Guyana, Allseas drops Nord Stream 2
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.
