MX Oil has agreed terms for the sale of its 5% stake in the Aje field offshore Nigeria to GEC Petroleum Development Co. (GPDC), a Nigerian company. GPDC, a wholly owned subsidiary of Global Energy Co., operates two licenses offshore (OPLs…
Cantex Global Logistics awarded offshore marine and engineering consultancy Aqualis Offshore a contract to provide the marine warranty surveyor (MWS) services for FPSO P67 and P70 topside modules transportation from various Brazilian ports to COOEC’s yard in Qingdao…
Fugro has won a contract to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under the contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to…
The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development. First Oil had held 15% interest in the Kraken field in the UK North Sea…
Owners of significant floating assets are continuing to feel the pinch in the offshore market as rates sink to “unsustainable levels.” Floating production specialist BW Offshore says it is cutting its onshore staff by 35%, while Norwegian…
Tullow Oil is reducing how much its Jubilee floating production, storage and offloading (FPSO) vessel can rotate after discovering an issue with the vessel's turret bearing. The Kwame Nkrumah FPSO vessel, which started production from the field…
Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster. It will be the firm's first producing asset…
Shell is cancelling the divestment of an 80% stake in the Bijupirá and Salema fields, including the Fluminense floating production and storage offloading unit (FPSO). The Fluminense FPSO. Image from Modec…
Petróleo Brasileiro (Petrobras) has started production from the Cidade de Maricá floating production storage offloading unit (FPSO), in the pre-salt layer of the Santos Basin, offshore Brazil, in addition to the expansion of the country’s longest subsea natural gas pipeline…
French cables firm Nexans has been selected to supply the cabling for Total's deep water Egina floating production, storage and offloading (FPSO) vessel. The vessel is being built by Samsung Heavy Industries under a Euro 2.8 billion turnkey contract - its largest FPSO contract to date…
Forsys Subsea, the joint venture between FMC Technologies and Technip, has been awarded a contract from Statoil to provide a subsea front-end engineering and design (FEED) study for subsea tie-back of Trestakk to Åsgard A floating production…
Transocean’s Deepwater Thalassa has commenced operations on its 10-year contract for Shell’s Stones project in the US Gulf of Mexico this month. The Deepwater Thalassa. Image from Transocean. Stones…
During the period of 5-7 January 2016, the Petroleum Safety Authority (PSA) Norway conducted an audit on ENI Norge's facility Goliat FPSO. The audit was conducted as a follow-up to an audit carried out in June 2015 linked to logistics on Goliat…
Spanish oil and gas explorer Repsol is planning to shut down its Varg field operations offshore Norway, due to the low oil prices, according to news reports. The Petrojarl Varg. Image from Teekay…
Technip Oceania has awarded Perth-headquartered Neptune an air diving services contract for the Kitan field disconnection project in the Timor Sea. The project includes the provision of air diving services to assist with the disconnection and abandonment of risers…