SBM Offshore gas completed the project financing of Liza FPSO, to be deployed offshore Guyana, for a total of $720 million. The Dutch company has obtained the cash from a consortium of twelve international banks. The Liza FPSO will be owned and be operated by SBM Offshore, and will, once completed,
TechnipFMC has recently completed transpooling flexible umbilicals for Total’s Egina project from one of its facilities in France.
Upgrade works on the Aoka Mizu FPSO, which will operate on the Hurricane-operated Lancaster field off the UK, are progressing as planned and the project remains on schedule for first oil in the first half of 2019.
Hurricane Energy’s share price rose more than ten percent on Monday after a competent person’s report boosted its oil reserves estimate by 231 percent. Hurricane said its total 2P Reserves + 2C Contingent Resources increased by ~231% to 2.6 billion barrels of oil equivalent. The report covered Hurri
Italian oil company Eni has received permission from Norwegian authorities to restart production from its Goliat field located in the Barents Sea offshore Norway.
Oil services company Aker Solutions has won a contract from Sembcorp Marine to design the living quarters for the Statoil-operated Johan Castberg development’s floating production, storage and offloading vessel (FPSO). To remind, Statoil in November signed a letter of intent with Sembcorp Marine for
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.
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
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
Dana Petroleum has announced first oil from its Western Isles development in the UK sector of the North Sea.
UK oil and gas company Premier Oil has confirmed the first oil from its Catcher field in the North Sea remains on schedule for December.
