Douglas-Westwood’s latest World Floating Production Market Report forecasts that, during 2014-2018, US$99 billion will be spent on floating production systems – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa…
The INPEX-operated Ichthys LNG Project has celebrated a key milestone for its floating production, storage and offloading (FPSO) facility. The first block of the keel was placed during a ceremony in the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo…
The technical design and installation of a new fixed pitch propeller (FPP) undertaken by Wärtsilä for the Ngujima-Yin FPSO has been successfully finalized. The FPSO is operated by Woodside Energy Ltd., an independent Australian oil and gas company…
Aibel Thailand has signed the contract for the topside procurement and fabrication of the Tweneboa, Enyenra & Ntomme (TEN) project with MODEC. The scope includes seven modules weighing in total 9400-tonne. Image: Nick Routledge, VP…
Finland's Wärtsilä has signed a contract for a range of pumping solutions for a new floating storage unit (FSU) to be used on the Mariner oilfield in the North Sea (pictured). Wärtsilä's contract is with South Korea's Samsung Heavy Industries (SHI)…
Salamander Energy has said damaged risers on the Rubicon Vantage floating production, storage and offloading (FPSO) vessel have been repaired and production from the Bualuang field has restarted. Bad weather had slowed work to replace riser sections…
CNR International (CNRI) is preparing to make a significant investment in the next phase of development drilling at its Baobab field, offshore Côte d’Ivoire (Ivory Coast). The Aberdeen-based operator, which is the international division of Canadian Natural Resources…
The Kan Tan IV semisubmersible drilling rig began drilling the Pateke-4H well in PMP 38158 on 9 February 2014. The rig drilled a 36in. hole to a depth of 234m, and preparations are being made to run and cement a 30in. conductor. The Pateke…
Deltamarin has signed a contract with Bumi Armada for the basic design of a floating production, storage and offloading (FPSO) unit. The move comes after Bumi Armada secured a contract to supply the FPSO to operate on EnQuest's Kraken field…
UK-based maritime services company James Fisher and Sons has acquired Subsea Vision for £2.5 million. Subsea Vision owns and operates remotely operated vehicles (ROV) providing underwater surveys, inspections, and construction support to the oil and gas industry…
Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…
BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt. The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…
Bad weather has slowed work to replace riser sections damaged when an FPSO came off station. The Rubicon Vantage FPSO drifted into an exclusion zone designed to protect the Bualuang oil field production infrastructure in the Gulf of Thailand in bad weather…
Emerson Network Power has been selected as the main uninterruptible power supply (UPS) systems provider for Shell’s Prelude floating LNG project. Prelude is the world’s first floating liquefied natural gas (FLNG) project, currently under construction in Korea…
Production commenced offshore Angola’s first deepwater development, utilizing BP Exploration’s (Angola) US$14 billion FPSO PSVM, the largest deepwater project in Africa. PSVM consists of four oilfields - Plutão, Saturno, Vénus and Marte…