International compressor supplier TMC Compressors (TMC) has completed its delivery of a marine compressed air system to BW Offshore’s Catcher floating production, and storage offloading (FPSO) vessel. The system consists of 3 x 185…
BW Offshore (BWO) signed a cooperation agreement with ICBC Financial Leasing Co. Ltd. (ICBCL) to form a long-term strategic partnership that will see the duo take on large international infrastructure projects with a focus on floating production and storage offloading units (FPSOs)…
Premier Oil has revealed plans to drill offshore Mexico; the next phase of growth at Tolmount off the UK; and for the sanctioning of its BIGP project offshore Indonesia. Map of Block 2, Block 7 offshore Mexico…
Cairn Energy was awarded license option (LO) 16/18 in the Atlantic Ireland Licensing Round in 1H 2016, in addition to a farm-in to a 70% working interest and operatorship in the adjacent LO 16/19 with Europa Oil & Gas with plans for 3D seismic in 2017…
Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…
Costs have been cut in the industry, but has it been enough? Elaine Maslin looks at ongoing initiatives in the UK North Sea. Photo from iStock. The past two years of pain for the oil and gas industry is well known…
Cairn Energy is moving to further explore Senegal, and working towards first oil in the North Sea this year, in what the company calls an eventful period. The Kraken FPSO, from Cairn. “The…
Premier Oil says it has further reduced costs on the Catcher floating production development in the North sea, to a forecast total US$1.7 billion. The drop, a 24% reduction on the original sanctioned estimate, comes after costs had been reduced 20% to $1…
Floating production firm BW Offshore has started an arbitration process against Addax Petroleum Exploration over payment for use of the floating production, storage and offloading vessel (FPSO) Sendje Berge. BW Offshore says Addax as…
Subsea 7’s revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image…
Independent explorer Cairn Energy is looking to restart drilling offshore Senegal 'shortly' with some 500 MMbbl extra resources in its sights, the firm said this morning. The latest drilling program off Senegal, will include appraisal of the 'world-class' SNE discovery…
The market for floating production systems may have stalled, but FPSs will still be a key part of the offshore technology tool kit, outlines Douglas-Westwood’s Ben Wilby. The FPSO Cidade de Saquarema…
Premier Oil's Catcher floating production project in the UK North Sea is on schedule to deliver first oil in 2H next year. The UK-based independent says further cost savings have been secured against the project estimates. Premier now forecasts capex to first oil of US$1…
John Bradbury takes a look at activity in the North Sea – across Norway and the UK. Johan Sverdrup - an artist's impression. Image from Statoil. By the middle of 2016 it was evident…
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