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First Oil

ABS Ventures to VietNam

The Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS) a contract under which the US firm will supervise the shipyard's building process of three oil tankers. Under the $400,000 contract, ABS, one of the world's leading ship classification societies, in collaboration with the Vietnam Register Agency will send its supervisors to the shipyard to supervise the quality of all stages to build the oil tankers, which will begin at the end of this month, said Dinh Tien Dung, Deputy Director of the Dung Quat shipyard. The first oil tanker with capacity of 104,000 DWT is expected to be handed over to the Vietnam Oil and Gas Corporation by mid 2008, helping meet the demand for the transport of materials and products for the Dung Quat Oil Refinery, the first of its kind in the country which is now under construction in central Quang Ngai province. (Source: http://english.vietnamnet.vn


FPSOcean Acquires Tankers for Conversion

Oslo-based FPSOcean acquired shuttle tanker Nordic Laurita and Aframax tanker Semakau Spirit for conversion into deepwater, dynamically positioned floating production, storage and offloading vessels (FPSO). FPSOcean is seeking to develop a fleet of four to six deepwater FPSOs over a period of the next five to six years. The 68,139-dwt Nordic Laurita, which was built in 1981, will be renamed the DeeP Producer 1. The vessel is undergoing its conversion into an FPSO at Dubai Drydocks in the


Great Ship - Maria Desgagnes

Constructed in China at the Qiu Xin Shipyard in Shanghai, Maria Desgagnes is a state-of-the-art double-hulled, ice class 1A, type 2 oil and chemical tanker, which is able to transport 12 different types of cargo at once. Featuring a total capacity of 15,570 cu. m., the vessel measures 394 x 69 ft. (120 x 21 m) requiring an investment of more than $35 million. The vessel is chartered by Petro-Nav, a subsidiary introduced by Groupe Desgagnes in 1996 with two other shareholders - Nicolas


Jurong Shipyard Completes Construction of FPSO

Jurong Shipyard Pte Ltd, a subsidiary of SembCorp Marine has completed construction of the 356,400 dwt Floating Production Storage Offloading (FPSO) Fluminense for MODEC International LLC. Measuring 363m x 61m x 29m, the 356,400 dwt FPSO Fluminense has a production capacity of 81,000 barrels of oil per day and a storage capacity of 1.2 million barrels of oil. The conversion of this Ultra Large Crude Carrier (ULCC),


Chinese Firms in Winning Libra Field Bid, Offshore Brazil

The Chinese firms, China National Offshore Oil Corporation ( CNOOC) and China National Petroleum Corporation (CNPC), have a 10 percent stake each, with Shell and Total taking 20 percent each, and Petrobras the remaining 40 percent share. The Libra block is located in Santos Basin ultra deep waters in the pre-salt polygon and is considered a prospect of high potential. The total extension of the area is 1,547.76 km2 and was discovered by well 2-ANP-0002ARJS, drilled in 2010.


Despite Protests Gazprom Starts Arctic Oil Production

Prirazlomnaya offshore platform: Photo courtesy of Gazprom

Gazprom says it has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement, they say, of their large-scale activities aimed at creating a large hydrocarbon production center in the region. The Prirazlomnoye oil field [scene of an earlier Greenpeace protest] is located in the Pechora Sea, 60 kilometers off the shore. The recoverable oil reserves amount to 71


Wärtsilä to Power Australian FPSO

Wärtsilä Corporation won a contract to supply a 31.5 MW diesel power plant for a floating production, storage and offloading (FPSO) vessel for the Mutineer-Exeter field of Santos Ltd off the north west coast of Australia. The plant has been ordered by MODEC Inc of Tokyo, Japan, a leading designer and supplier of FPSO vessels, floating storage and offloading (FSO) vessels and tension-leg platforms for the world oil and gas industry


Thunder Hawk on Stream

Øivind Reinertsen, senior vice president for StatoilHydros upstream business in USA and Mexico. (Photo: Øyvind Hagen)

On 8 July the StatoilHydro Houston subsidiary received first oil and gas from the Murphy Oil-operated Thunder Hawk field in the US Gulf of Mexico. The Thunder Hawk field production unit has a production capacity of 45,000 barrels of oil per day and 70 million cubic feet of natural gas per day (approximately 0.7 BCM per year). With the Tahiti production received in May, StatoilHydro has more than doubled its production from the Gulf of Mexico in a few months.


Keppel Shipyard to Deliver New FPSO

Singapore-Keppel-to-Deliver-FPSO-to-Bumi-Armada_web.jpg

Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver its latest Floating, Production, Storage and Offloading (FPSO) project, Armada TGT 1, to Bumi Armada Berhad (Bumi Armada). Nelson Yeo, MD of Keppel Shipyard, said, "We would like to thank our valued customer Bumi Armada for entrusting Keppel Shipyard with the conversion of all their FPSOs. "The success of any complex conversion project depends on the trust and teamwork between a shipyard and its customers


Greenpeace Ship Welcomed Back After 300-day Russian Detention

Arctic Sunrise: Photo Greenpeace

The environmental protest icebreaker 'Arctic Sunrise' has sailed back into Dutch territorial waters after over 300 days in Russian custody. The ship had been held illegally since taking part in a peaceful direct action against state owned oil company Gazprom, as it tried to drill the world’s first oil well in icy Arctic waters, says Greenpeace. Several members of the so called ‘Arctic 30’ were there to greet the ship and boarded the vessel in Beverwijk, near Amsterdam.


Libya Exports First Oil Cargo From Ras Lanuf Since 2014

Photo: NOC

An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the


Kazakhstan's Kashagan Ships First Oil for Export

The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, the Central Asian nation's Energy Ministry said.   Energy majors developing the field have shipped 7,700 tonnes of oil through the private CPC pipeline and 18


Bumi Armada Berhad Names Its News FPSO

Naming Ceremony of Armada Olombendo (Photo: Bumi Armada)

Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider celebrated the naming ceremony of the Armada Olombendo Floating Production Storage and Offloading (FPSO) last weekend. Armada Olombendo FPSO represents Bumi Armada’s largest FPSO and it will


Wood Group Bags Hibernia Deal

Wood Group wins multi-year contract on Hibernia in Canada Photo Wood Group

Wood Group has secured a five year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC).  The contract will be executed by Wood Group’s Eastern


The FPSO Cost Discussion

Packed with “optimized technology”: The ENI FPSO at tow-out from its Korean yard.  Credit: Courtesy Eni Norge

At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for


MODEC FPSO Achieves First off Brazil

FPSO Cidade de Itaguai MV26 (Photo: MODEC)

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract.  


Petrobras Offers to Sell up to 10% of Libra Field

Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday.  


Petrobras Offers Stake in Coveted Offshore Block

Petrobras plans to reduce its 40 pct stake in Libra field. Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday


Statoil, Repsol Transactions in Priority Areas

Transactions increase the number of Statoil’s operatorships in priority areas Courtesy Statoil

  Statoil and Repsol announce transactions in Norway, UK, US and Brazil. These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies.


GE LM6000PG Marine Module Package Certified

Photo: GE

GE Marine and GE Oil & Gas announced that the marine module package design for its LM6000PG aeroderivative gas turbine has been certified by Lloyd’s Register and RINA Services (RINA). The test where the LM6000PG module effortlessly achieved 42 megawatts (MW) was conducted at the GE Oil


Keppel Bags BRL 500 mln MODEC Project

Courtesy Keppel FELS Brasil in Rio de Janeiro

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore)


Keppel Secures MODEC FPSO Project in Brazil

 Keppel FELS Brasil Secures MODEC FPSO Project   Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer MODEC


Eastern Libya Ships First Oil Cargo, Defying Tripoli

Indian-flagged tanker leaves port with 650,000 barrels. A government based in eastern Libya shipped its first cargo of crude on Monday in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that have brought chaos since the fall of Muammar Gaddafi.


Eastern Libya Ships First Oil Cargo in Defiance of Tripoli

A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that have brought chaos since the fall of Muammar Gaddafi.   The Tripoli authorities asked the U.N


First Oil from TEN Fields off Ghana

Photo: MODEC

Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy.   The Tweneboa, Enyenra and Ntomme (TEN) field expects to average around 23,000 barrels per day (bpd) in 2016






 
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