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FPSO for Greater Tortue Gas Project Due in Senegal by end-2022
BP's floating, production, storage, and offloading vessel (FPSO) for the Greater Tortue Ahmeyim gas project offshore West Africa is expected in Senegal waters for commissioning and testing by the end of 2022, a company executive said on Friday.The FPSO for the project, which straddles Senegal and Mauritania, is being built in China by France's Technip Energies.Massaer Cisse, BP's vice-president, and…
ABS Launches Floating Production Life Extension Guide
American Bureau of Shipping has further developed its approach to aging offshore assets with the publication of the Guide for Life Extension of Floating Production Installations.ABS said that the guidance supported operators looking to extend the operational life of a floating production installation (FPI) by outlining clear Class requirements with a focus on safety. It is informed by lessons learned…
Keppel Nets $145,8M Orders for FPSO, FSRU Work
Singapore's Keppel Offshore & Marine has won contracts for the conversion of a Floating Storage and Regasification Unit (FSRU) and the integration of a Floating Production Storage and Offloading vessel (FPSO). For the first project, Keppel Shipyard signed a Limited Notice to Proceed (LNTP) with what it said was a global provider of LNG shipping services to start early works for the conversion of a Liquefied Natural Gas (LNG) Carrier into an FSRU.
Report: Exxon, SBM Offshore in Talks to Build Fourth FPSO for Guyana
Exxon Mobil is in discussions with Dutch contractor SBM Offshore NV to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to the negotiations said.The talks include the potential for some future platform assembly in Guyana, the people said. Guyana hopes to develop an oil industry infrastructure to boost the economy and job growth. Officials are…
Wilson Sons Ramping Up to Support O&G Ops
Eying recent demand increases and oil prices recovery in the international market, Brazil's largest tug operator says it is ramping up to support a growing number of offshore oil and gas projects expected to take off in the coming years.Globally, around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame…
Record Number of Floating Production System Awards Expected Over the Next 18 Months
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand growth, supply constraints by OPEC+ and inadequate investment by upstream players to replace production.
Liza Unity FPSO Reaches Guyana
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it reaches maximum capacity. Its startup is expected for early 2022.Exxon's first FPSO…
FPSOs: Floating Ideas
The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension, safety issues and structural integrity concerns come to the fore? Matt Tremblay, ABS Vice President, Global Offshore, explains the challenges for FPSO operators…
Aker Solutions Inks FEED LOI for Wisting FPSO
Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development…
Regulator Lays Charges Over 2018 Canada Oil Spill
The Canada-Newfoundland Offshore Petroleum Board said on Tuesday that it has laid three charges following a 2018 oil spill off Canada's Atlantic Coast.The board…
VIDEO: SBM Offshore's LNG2Wire Floater Concept
SBM Offshore, one of the world's largest suppliers of floating, production, storage, and offloading (FPSO) vessels for the offshore oil industry, is looking at ways to diversify its offering, with a more dominant role predicted for gas in the future.The company, which has the ambition to have 25% of revenues from Gas & Renewables by 2030, has this week launched a video showcasing its LNG2Wire offshore facility concept.According to the Dutch company…
King’s Quay Floating Production Unit Reaches Texas
China's Cosco Shipping has earlier this month delivered the King’s Quay floating production unit to Ingleside, Texas, aboard its M/V Xiang An Kou semi-submersible heavy transportation vessel, after a long journey from South Korea.The 21,498mt platform, built by Hyundai Heavy Industries, will be used for Murphy Oil's offshore oil field developments around 175 miles south of New Orleans in the U.S. Gulf of Mexico.The King’s Quay floating production unit is scheduled to go into service in 2022.
SBM Offshore Completes $1.6B Project Financing for FPSO Sepetiba
Dutch FPSO leasing specialist SBM Offshore has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which SBM Offshore says, is the largest project financing in the company’s history.FPSO Sepetiba, formerly known as Mero 2, is destined for deployment in Brazil with Petrobras.SBM Offshore said that the project financing was secured by a consortium of 13 international banks…
Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera
Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.Dorado. located in the Bedout Sub-basin, offshore Western Australia, is an oil and gas project which is expected to have an initial oil production of 75…
Near-term Outlook for Deepwater Floating Production Systems is Excellent
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace, OPEC+ appears to be able to successfully keep oil supply under control…
ABS to Class FPSO Pair Being Built for Petrobras Buzios Field
The American Bureau of Shipping said Thursday that an FPSO duo being built for Brazil's Petrobras would be constructed to ABS Class.The sister FPSOs are currently named P-78 and P-79 and will be deployed at the giant Buzios pre-salt offshore oil field in Brazil's Santos Basin.ABS said that the fact the FPSO duo would be built to its Class demonstrated ABS’ continued leadership in the industry, with ABS Class accounting for 60% of all FPSOs in service.
SafeSTS Offers new ‘Green’ Tech for STS Transfers
A new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector, designed to increase flexibility and efficiency for the export of oil from offshore fields.Traditionally, shuttle tankers are only used in DP mode to load from floating production, storage and offloading platforms, with subsequent transfer to export tankers taking place in side-by-side ship-to-ship transfer operations.
China Starts Production at 100,000 DWT Deepwater Semi-sub FPSO
China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO).Dubbed Shen Hai Yi Hao, the platform is formally commencing production after being installed at the Lingshui (LS) 17-2 gas field in the South China Sea following an announcement by Wang Dongjin, the chairman…
WER: Near-term Outlook for Floating Production Systems 'Very Positive'
The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive. This is the conclusion of the in-depth market analysis in the July 2021 Floating Production Systems Report - a go-to database for all things FPSO/FPU…
Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite 'Huge'
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent…