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Keppel O&M Wins FPSO Integration Work Worth $180.4M
Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine, which is set to merge with Sembcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore, and SBM…
Bardex Mooring Tensioning System Installed in GOM
BP’s latest floating production facility, ARGOS, has been successfully moored in the US Gulf of Mexico. The mooring tensioning system includes Bardex Corporation Chain Jacks used to haul in and tighten 12 lines of 171mm R4S top chain. Bardex mooring chain jacks were the first to be used for deep water floating production units since the early 1990s.
World Energy Reports: Gas Supply Fears Drive Interest in FSRUs in Europe
Fears of gas supply interruptions due to Russian gas export constraints are driving interest and demand for floating regasification terminals, with contracting activity for oil and gas floaters also being quite active, World Energy Reports said in April 2022 Floating Production Systems Report. Tensions in East Europe and Covid outbreak in China continue to rattle the energy sector. Oil prices remain above $100…
BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs
Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February it had signed an agreement with Priya Blue Industries yard in India to recycle the Cidade de São Vicente FPSO in compliance with Hong Kong Convention. The convention…
Ampelmann, MMA Offshore Team Up for FPSO Support in Ivory Coast
Dutch offshore gangway specialist Ampelmann said Thursday it had secured a contract to support maintenance work on a floating production storage and offloading unit (FPSO) in Ivory Coast."An A-type motion compensated gangway has been fitted to MMA Offshore’s DP2 vessel, the MMA Privilege, and has arrived at location. In the coming years, an A-type gangway will ensure smooth and continuous crew change operations from the MMA Privilege to the FPSO…
DOF Subsea to Help VAALCO with FPSO/FSO Swap Offshore Gabon
Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame…
Floating Power Plants: Is Nuclear the Key in the Net-zero Energy Transition?
Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring…
Liza Unity: Exxon's Second FPSO in Guyana Produces First Oil
Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production in the South America country in 2019 and is responsible for all oil and gas output in Guyana. Exxon and partners Hess Corp and CNOOC Ltd. have discovered some 10 billion barrels of oil.Production at the Liza Unity floating…
Keppel Offshore & Marine Reels in $186M in New Contracts
Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD).For the first contract, Keppel Shipyard has received the Final Notice to Proceed (FNTP) from GAS-fifteen Ltd…
At Least Three Dead After Trinity Spirit FPSO Blast in Nigeria
At least three people died in Nigeria when the oil storage and production vessel, FPSO Trinity Spirit, exploded last week and four crew are still missing, the operating company said on Monday.The vessel had 10 crew on board when it exploded on Wednesday, Nigeria's Shebah Exploration & Production Company Ltd (SEPCOL) said, adding that three were found dead on Sunday after three people had been found alive last week."Our priority remains focused towards establishing the whereabouts…
Exploded Nigerian FPSO was 'old, badly maintained' - Sources
An oil vessel used for storage that exploded off the coast of Nigeria last week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday, as its wreckage lay in the sea after the fire was put out.The 10 crew members who were on board at the time of the explosion early on Wednesday remained unaccounted for, according to witnesses, amid fears…
BSEE Inspects Murphy Oil’s New King’s Quay Platform Ahead of First Oil
U.S. Bureau of Safety and Environmental Enforcement (BSEE) inspectors and engineers last week carried out an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The facility, a semi-submersible FPS, is now currently moored in Green Canyon Block 433 in the deepwater Gulf of Mexico, about 175 miles south of New Orleans.“The first offshore…
Rystad on Nigerian FPSO Explosion: 'No Impact on Oil Price. Environmental Implications Still Hard to Quantify'
The Trinity Spirit FPSO, operated by Nigeria's SEPCOL, exploded Wednesday and started burning, and, according to videos shared on social media, sinking. However, according to Rystad Energy, the incident is not expected to have an impact on Nigerian production as the unit was not producing at the time of the explosion. Environmental implications, however, are yet to be quantified.According to a Reuters report on Wednesday…
FPSO Explodes Offshore Nigeria
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea.Nigeria's Shebah Exploration & Production Company Ltd (SEPCOL) said on Thursday that flames had engulfed the Trinity Spirit floating production, storage, and offloading (FPSO)…
Core Power: Decarbonizing Shipping With Nuclear-powered Offshore Ammonia Production Plants
Advanced nuclear energy technology company Core Power is working on a concept for an offshore facility that combines advanced nuclear power with an offshore ammonia production facility, which would enable affordable production of green ammonia for shipping."The production of green ammonia is a key component of the decarbonization plans for international shipping. While the largest 17,000 ships are unlikely to find economic value in using hydrogen-derived green fuels…
Rystad: FPSO Contracts in 2021 Hit Pre-Pandemic Levels. Ten New Orders Expected in 2022
According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected.Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market.Per Rystad…
Eni Extends BW Offshore's Abo FPSO
Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year.The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip Exploration.Under the extension, the FPSO, used for production from the Abo field offshore Nigeria, will remain on the contract until the end of the fourth quarter of 2022, with options until the second quarter of 2023.
Sembcorp Marine Delivers Vito Floater to Shell
Singapore's Sembcorp Marine said Thursday it had completed the construction of the Vito floating production facility, bound for deployment in the U.S. Gulf of Mexico for Shell.The integration of Vito’s topside structure with its hull was executed by a pair of goliath cranes with 30,000-tonne combined lifting capacity and 100-meter hook height in Tuas Boulevard Yard in Singapore. "The yard’s ability…
ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q
Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource…
SBM Offshore Secures $620M Loan for Brazil-bound FPSO
Dutch floating oil and gas production firm SBM Offshore has secured a $620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão, to be deployed in Brazil for Petrobras.The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40 percent and with the following partners: Shell Brasil with 20 percent…