Canada's Suncor Energy beat market estimates for third-quarter profit on Wednesday, helped by strong refining margins and higher sales volumes from its oil sands operations. Demand for refined products remained stable during the quarter after…
FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration…
Classification society ABS announced it has granted approval in principle (AIP) for a the Sterling Streamline, a next generation concept design for large floating production storage and offloading unit (FPSO) newbuild hulls from India's Shapoorji Pallonji Energy (SPE)…
Kosmos Energy said on Monday that the start-up of the BP-operated Greater Tortue Ahmeyim (GTA) gas project offshore Senegal and Mauritania could slip into the second quarter of 2024.BP last week said that the project was 90% complete and is expected to start production in the first quarter…
Equinor is preparing to sell a 20% stake in its Rosebank oil development in the British North Sea, which could fetch about $1.5 billion, two industry sources said.The Norwegian energy giant is seeking to sell a quarter of its 80% stake in the project…
Light Structures, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, has secured two contracts with China's YANTAI CIMC Raffles Offshore.Under the contracts, Light Structures will deliver SENSFIB…
UK-focused oil and gas company Serica Energy said Tuesday its subsidiary Tailwind Energy Chinook Limited had been awarded an offshore license in the UKCS 33rd Offshore Licensing Round. Tailwind Energy has secured a 100% stake in the UK block 29/2a…
Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the…
Shapoorji Pallonji Energy Pvt Ltd (SP Energy) said Monday it had obtained a Class Approval-in-Principle for the Concept and Design Basis of its FPSO Newbuild Hull from the American Bureau of Shipping (ABS). SP Energy has been working on the concept design of ‘STERLING STREAMLINE’…
Vår Energi said on Wednesday it will decide next year whether to send natural gas from Norway's Goliat oil field in the Arctic Barents Sea to the nearby Hammerfest liquefied natural gas (LNG) plant for export to world markets. Oslo-listed Vår Energi…
Harland & Wolff has secured a contract with Canada-based Cenovus Energy for the mid-life upgrade of the SeaRose FPSO vessel. The base contract value is approximately £61 million (~currently around $74 million). The FPSO is expected to arrive…
Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore…
Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.'The plant is the world’s first post-combustion carbon capture unit installed onboard an FPSO…
Dutch firm SBM Offshore said Friday it had won contracts to perform front-end engineering and design (FEED) for a floating production, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail development project in Guyana.Following…
Oil major BP has selected offshore installation contractor Allseas to complete the subsea pipelay scope for its ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal.Allseas will conduct the offshore…
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