SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years.The transaction is expected to be completed before the end of April 2025…
Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of…
British oil and gas group Serica Energy lowered its outlook for 2025 total production on Tuesday, pressured by production delays at its Triton floating production storage and offloading unit in the North Sea.Serica has increased production through acquisitions and investments in recent years…
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.The Arctic field came online on March 31, at 10.35 local time.Expected to be in production for 30 years, Johan Castberg can produce 220…
The Oil Companies International Marine Forum (OCIMF) has published a revision of its Guidelines for the Purchasing and Testing of SPM Hawsers – critical equipment used to ensure the safe mooring of tankers during the loading and discharging of oil cargoes from offshore facilities…
MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years.The agreement follows…
Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil.The Gato do Mato Consortium includes Shell (operator with a 50% stake)…
Amplus Energy Services has entered into a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired floating production storage and offloading (FPSO) vessel.In February, Amplus finalised the acquisition…
U.K.-based oil firm Serica Energy has informed that Triton floating production storage and offloading (FPSO) unit is not expected to come back online before May 2025, as the company works on finding a long-term solution to stabilize production with the operator Dana Petroleum…
BW Offshore has signed a short-term extension agreement with a subsidiary of Murphy Oil Corporation, agreeing more time for the completion of sale of the floating production, storage, and offloading (FPSO) BW Pioneer.BW Offshore has signed a short-term extension agreement…
Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa.DOF will deliver project management, engineering…
Brazilian oil and gas firm Brava Energia has signed a contract with Shell Western Supply and Trading, Shell’s subsidiary, for the sale of oil from the Atlanta field, offshore Brazil.Brava Energia said the contract provides for flexible conditions…
Vår Energi has started the tow out of the Jotun floating production, storage and offloading vessel (FPSO) from the Worley Rosenberg yard to the Balder field, which is on schedule for production start by the end of the second quarter of 2025…
U.K.-based oil and gas company Dana Petroleum has terminated the agreement with NEO Energy for the proposed sale of the Western Isles floating, production, storage and offloading (FPSO) vessel, which was planned for deployment in the North Sea as part of Buchan field redevelopment…