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ICE Wins AIP for FPSO Hull Design
European naval architecture and marine engineering consultant International Contract Engineering (ICE) group was awarded an Approval in Principle (AIP) by the American…
PGNiG Acquires Duva Field in Norway
PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the…
Harvey Gulf Hires Dunn as Subsea VP
Harvey Gulf International Marine announced it has hired John Dunn as Vice President of Subsea Vessel Operations, as the US-based services firm looks to grow its subsea business.Dunn, formerly of Oceaneering, has been hired as a member of Harvey Gulf's executive management team to assemble and manage Harvey Gulf’s subsea vessels, team and operations.Prior to Oceaneering, Dunn was the director of operations at Meridian Ocean Services, a subsea service provider acquired by Oceaneering in 2016.
Boskalis: One Dead, Five Sick on FPSO
Dutch dredging and offshore contractor Royal Boskalis Westminster N.V. has confirmed that one contract worker is dead and five were seriously injured after consuming…
Royston Overhauls Aoka Mizu FPSO Power Systems
Royston said it has completed the overhaul of a critical power system on board the Bluewater Services operated floating production, storage and offloading (FPSO) vessel Aoka Mizu.The diesel power specialist said its team of engineers undertook the 6,000-hour service on the MAN 32/40 STX diesel generator B on board the 88,000 dwt floater as part of a planned refurbishment and refit of essential power systems.Work on the vessel…
Japanese Partners Buy into Sepetiba FPSO
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba, formerly known as Mero 2, is currently under construction and will be leased for 22.5 years to Petrobras for deployment at the Mero field in the Santos Basin offshore Brazil. MC acquired 20% and NYK acquired 15.5% ownership interest in the companies.
GoM: Total Begins Two Deepwater Projects
Total S.A announced the final investment decision (FID) to develop the Anchor oil field located in the deepwater U.S. Gulf of Mexico (GoM), off the coast of Louisiana.Additionally…
SBM Orders Two More Fast4Ward Hulls
SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls.The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards…
Global FPSO to Grow at Over 19.9%
The floating production systems market worldwide is projected to grow by US$85.1 Billion, driven by a compounded growth of 19.5%.Floating production storage offloading (FPSO)…
FPSO Vessel Revenue to Reach $8.30Bln by 2026
The global floating production storage and offloading (FPSO) vessel market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026.
Boskalis Wins Contracts for $120Mln
Royal Boskalis Westminster N.V. has secured multiple heavy marine transport services contracts with a combined value of about $120 million.The execution of the majority…
Albwardy Damen in Pact with Heila Cranes
UAE-based Albwardy Damen has signed a service agreement with the provider of heavy-duty marine cranes Heila Cranes. Many of the vessels that Damen builds and maintains…
BW Offshore Completes Bond Issue
BW Offshore, a provider of floating production services to the oil and gas industry, has successfully completed a NOK 900 million senior unsecured bond issue with…
Japanese Firms in Brazilian FPSO Gig
Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated…
SHI Losses Widen
South Korean Samsung Heavy Industries (SHI) reported its third-quarter net loss of 583.2 billion won (US$ 503.8 million), compared with a KRW80.30 billion loss in the same quarter a year earlier…
Sembcorp to Build Whale FPU
Sembcorp Marine Rigs & Floaters Pte. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico.The agreement precedes a final investment decision (FID) for the full Whale project, expected to be made next year by Shell. It paves the way for the Whale FPU to move ahead and take advantage of synergies from the ongoing Shell Vito FPU…
Brazil to Lead in Global FPSO Deployments
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025…
Yinson Wins Extension for Vietnam FPSO
The floating, production, storage and offloading (FPSO) service provider in Malaysia, Yinson Holdings Bhd has been awarded a contract extension for its Lam Son FPSO…
TMC to Equip Liza Unity FPSO
Oslo-headquartered TMC Compressors of the Seas said on Monday it has been awarded a contract from Chinese shipyard Shanghai Waigaoqiao Shipbuilding to supply the marine compressed air system to the Liza Unity floating production, storage and offloading unit (FPSO).Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air compressors, air compressors, and associated air dryers and filters, it said.
Bumi Armada Sells FPSO for $40 Mln
Malaysian oilfield services company Bumi Armada Bhd has found a buyer for its floating production storage and offloading (FPSO) vessel Armada Perdana in Nigerian…