North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes. The cost of the development, which will see a floating production…
Supermajor Shell started production from its Stones development in the deepwater Gulf of Mexico, the firm reported on 6 September 2016. The field’s FPSO, Turritella, is the deepest floating production unit in the world, operating in 9500ft of water…
FMC Technologies has won a second award for its new subsea multiphase boosting system, this time with Italian giant Eni for its Block 15/06 West Hub Development, off the coast of Angola. The N'Goma…
GE Oil & Gas has signed a major agreement with MODEC, an owner/operator and engineering, procurement, construction and installation general contractor of floating production systems including floating production storage and offloading (FPSO)…
Norwegian floating production firm Sevan Marine has been awarded a study to evaluate use of its cylindrical hull design for use on the Wisting field, the northernmost oil discovery offshore Norway. OMV is screening various floating alternatives…
Shell, through its subsidiary Shell Brasil Petroleo, extended its contract with MODEC for operations and maintenance of the FPSO Fluminense, effective from August 2016 to December 2020. The FPSO has been operating in the Bijupirá and…
A number of key contracts were awarded in 1H 2016 in Brazil, pointing to a recovery of the local oil and gas sector. The Polvo FPSO (right) while docked at Keppel FELS shipyard. Photo from Keppel…
FAR Ltd. has upgraded its contingent resources estimates for Cairn Energy’s SNE oilfield offshore Senegal in West Africa, and led the firm to suggest a standalone floating production and storage offloading (FPSO) development for the field…
The South American offshore market is back on the heat map, due to Exxon’s major Guyana discovery and Statoil’s interest in Brazil’s Carcará, says Rystad Energy’s Kjetil Solbraekke. Statoil took over as operator of the Peregrino field (FPSO pictured)…
Shell’s Stones development will be home to the Gulf of Mexico’s second FPSO, but while it may be No. 2, the FPSO may hold a few firsts itself. Audrey Leon found out more. Aerial views of the Turritella FPSO while docked at Keppel’s yard…
SBM Offshore’s Fast4Ward project aims to cut costs for FPSOs by standardizing as much as possible. The Dutch firm sets out the details. Modules under construction at the BRASA shipyard in Niterói…
Production was brought to a halt at the Goliat FPSO on Friday (26 August) evening after power was lost, Eni Norge said. The Goliat FPSO, from Eni. In accordance with standard procedure…
Singapore-based Keppel Offshore & Marine is on track to deliver the Armada Kraken floating production storage and offloading (FPSO) vessel to Bumi Armada, marking the Malaysian oilfield service company's entry into the North Sea. The Armada Kraken…
Hansa Heavy Lift has transported five pipe racks and three modules, weighing a total of 1871.51-tonne and measuring 24,075cu m, for a new floating production storage and offloading (FPSO) unit, the P-67, due to be stationed off the coast of Brazil…
Singaporean shipbuilder Sembcorp Marine is set to acquire 100% equity stake in Norway-headquartered LMG Marin for US$20 million. LMG is a naval architecture as well as ship design and engineering house with offices in Poland and France…
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