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Petrobras’ Platform P-62 Begins Production
Petrobras announced that production platform P-62, one of the strategic projects of its 2014-2018 Business and Management Plan, started-up on this Monday, May 12, in Roncador field, Campos Basin.
Offshore Oil & Gas: Brazil’s Northern Frontier
In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration…
C-MAR's Modern Approach to DP Training in Brazil
The modern offshore maritime industry heavily relies on different classes of DP vessels, from OSVs to Drillships and Tankers, almost all vessels serving the oil…
Saipem: A Fleet Grows in Brazil
As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.
Offshore Floating Production Hits Headwinds
Floating production has been one of the most significant developments in the oil and gas industry over the past four decades. Since the first floating production unit (Argyll) was installed in 1975, more than 350 offshore fields too deep, too remote or too small for fixed platforms have been developed using floating production facilities. Looking forward, the future of the sector continues to look very promising, but some barriers and threats to growth have appeared.
Three European firms win Angola deepwater deals
Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger…
Floating Production Inventory Continues to Grow
The number of floating production systems continues to grow; 349 floating production units are now in service, on order or off-field/being remarketed. This inventory is 5% higher than a year ago, 27% higher than five years ago. Current Inventory: Of the total, 320 units are used for oil/gas production. Included in this figure are 211 FPSOs. They are the most common type system, comprising 65% of the existing systems and 72% of the systems on order.
O&G Safety Conference: Leading from the Front-line
The date and topic for this year’s OPITO Safety and Competence Conference – OSCC 2014 have been announced. Now in its fifth year, the annual event will take place on November 4, 2014 in the Fairmont Hotel, Abu Dhabi. Under the title of “Leading from the Front-line”, the conference will explore the dynamic of effective leadership and change management on human behaviors in relation to safety. Over 400…
Floating Production Market Forecast
Today, 319 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 74% of systems on order. Another 25 floating LNG processing systems are in service or on order. Liquefaction floaters account for 12%, regasification floaters 88%. No liquefaction floaters are yet in service – all three are on order. In addition, 101 floating storage units are in service, on order or available.
KT Vessels to Support Shell’s Prelude FLNG
Shell Australia has awarded a major contract for the design, construction and operation of three Infield Support Vessels (ISVs), which will create approximately 80 local jobs and support its Prelude FLNG Project, located 475km north-north east of Broome, in Western Australia. Perth-based KT Maritime Services Australia Pty Ltd, a joint venture partnership with KOTUG International B.V and Teekay Shipping Australia Pty Ltd…
Where is Floating Production Headed?
The number of floating production units grew 5% in 2013. Here we examine the global market and future opportunities. Currently, there are 319 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 75% of systems on order. Another 24 floating LNG processing systems are in service or on order. Liquefaction floaters account for 13%, regasification floaters 87%.
What’s New with Floating Production?
Currently, 319 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 75% of systems on order. Another 24 floating LNG processing systems are in service or on order. Liquefaction floaters account for 13%, regasification floaters 87%. No liquefaction units are yet in service – all 3 are on order. Also, 98 floating storage units are in service, on order or available.
Platform P-55 Operational in Roncador Field
The Petrobras’ P-55 platform, one of the strategic projects in the 2013-2017 Business and Management Plan, started-up the last Tuesday (12/31/13) in Campos Basin’s Roncador field. P-55 is part of Roncador´s field Module 3 project and will be connected to 17 wells, 11 of which are oil and gas production and 6 water injection. Oil and natural gas will be transported from the platform via submarine pipelines connected to the unit till the oil and gas offloading system of the Campos Basin.
Offshore Brazil: The Libra Field & Brazil’s Pre-Salt Policy
Brazil’s Libra pre-salt field, in Block SS-AUP1 in the Santos Basin, with estimated recoverable oil volumes of 8-12 billion barrels of oil equivalent (BOE) and in…
Floating Production Systems: Market Update
Currently, 319 oil/gas floating production units are now in service, on order or being remarketed for reuse. FPSOs account for 66% of the existing systems, 73% of systems on order. Another 25 floating LNG processing systems are in service or on order. Liquefaction floaters account for 16%, regasification floaters 84%. No liquefaction units are yet in service – all 4 are on order. In addition, 102 floating storage units are in service, on order or available.
Samsung LNG Carriers Powered, Propelled by GE
Liquefied natural gas (LNG) is one of the fastest growing energy markets worldwide, and global production capacity could be more than double by the end of the decade.
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…
New Offshore Crane Joint Venture: Palfinger Koch
Palfinger Dreggen and the Brazilian crane manufacturer Koch Metalúrgica have entered into joint venture Palfinger Koch for manufacturing offshore cranes in Brazil.
Keppel to Operate Mexican Yard with PEMEX
Keppel Offshore & Marine (Keppel O&M) has strengthened its foothold in the offshore and marine industry in Mexico with the signing of an MOU (memorandum of understanding)…
Floating Production Systems: A Big Opportunity for Shipyards
Since the beginning of this year, orders have been placed for 17 floating production systems. The combined value of the fabrication contracts exceeds $16 billion. By year end there will likely be another five to eight contracts awarded and the overall contract value for the year will exceed $20 billion. Stated in terms of conventional ships, fabrication of floating production systems in 2013 will equate to orders for 220 VLCCs, 360 Suezmax tankers or 800 Panamax bulk carriers.