BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field, located in the Campos basin in Brazil. Following the ongoing sale of BP’s stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT’s stake…
Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year. According to a partner on one of the fields produced by the Anasuria floating production…
Following its 10,625nm (19,678km) voyage from China, the FPSO Cidade de Ilhabela arrived at Brazil's Brasa yard on Jan. 12 ready for the next step in its journey: bare hull and topside integration. Conversion work was completed in China in October 2013…
Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…
CAMAC Energy Inc. has signed a letter of intent (LOI) on the terms and conditions of a long-term agreement for the use of the Armada Perdana floating, production, storage, and offloading system (FPSO) as part of its further development of the Oyo field offshore Nigeria…
VAALCO Energy Inc. has said construction work on two production platforms for the additional development of the Etame Marin block offshore Gabon is continuing on schedule. One platform is due to be installed in the Etame field, and the…
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure…
The President of Brazil, Dilma Rousseff, and Petrobras CEO, Maria das Graças Silva Foster, attended the work completion ceremony for the P-62 platform on 17 Dec 2013, at the Atlântico Sul Shipyard, in Ipojuca (state of Pernambuco). Before the ceremony…
On 4 Dec 2013, OGX Petroleo e Gas SA , Brazil's second-largest oil company by market value, began production in the Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks, through the horizontal well TBMT-8H. On 29 Nov 2013…
Milan-based Saipem announced an agreement with Eni for the sale of the Firenze FPSO (Floating Production Storage and Offloading) business line for €336 million (US$464 million). The agreement includes the Firenze FPSO unit, the on-board processing plan…
EOC Ltd. announced that its Perisai Kamelia FPSO successfully completed startup and commissioning at Hess' Kamelia field in the North Malay Basin, offshore Malaysia. The FPSO is under contract to fast-track natural gas production at the field…
Chevron and its partners on the multi-billion dollar Rosebank development in the UK North Sea have revealed they are going back to the drawing board on the project. Partner OMV said, at its annual media summit today in Vienna, that it had “been vocal” to Chevron…
Eni Norge provides this video clip of the living quarters being lifted into place at the Goliat FPSO. Lifting the modules, required the use of a crane with the capacity to lift 1.6 million kg, ENI said. The five-level living quarters modules weighed 1100 tonnes…
Angus Lugsdin, business development manager at Tritech International, outlined the value of multibeam sonar technology for real-time integrity monitoring at a technical session on structural integrity at Aberdeen’s Offshore Europe Conference in September…
Subsea 7 demonstrates the effectiveness of pipeline bundle solutions and a subsea depressor device in the North Sea. By Meg Chesshyre “Subsea 7 is currently experiencing the busiest period of bundle design/installation activity ever…