The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.On December 13, 2024 the Shenandoah FPS sailed away from HD Hyundai Heavy Industries’ shipyard in Ulsan, South Korea, where it was built…
SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…
Shell said on Tuesday it has started the process of restoring oil production at its Stones platform as the forecast of a looming major hurricane in the U.S. Gulf of Mexico shifted.Shell had shut down production on Sunday at both the Stones and…
Equinor's Arctic Johan Castberg oilfield is expected to reach full production of some 220,000 barrels per day in the first half of 2025, a senior company official said on Tuesday.The oilfield in the Norwegian part of the Barents Sea is set to…
Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday.The approval also covered the development of the nearby Gehem field…
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate…
Bardex completed its phase of floating production system (FPS) for the Shenandoah project: delivering its Off Vessel Tensioning (OVT) BarLatch mooring system. When installed, the FPS will be located in the deepwater Gulf of Mexico at more than 1800 m water depth…
State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters.Each Buzios platform has an average cost of $3.5 billion, said a source…
EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters.The deal will last at least four years…
Singaporean rig- and shipbuilder Seatrium has tapped the American Bureau of Shipping (ABS) to class a pair of floating production storage and offloading units (FPSO) being built for Brazil's state-owned Petrobras, the classification society announced…
Oil major Shell expects first oil from its Bonga North Tranche 1 project off the coast of Nigeria in 2027/2028 and 'there are opportunities get that stream on earlier,' a Shell executive said on Thursday.Elohor Aiboni, a managing director at Shell Nigeria…
The ABS-classed Liza Unity has received the first REMOTE-CON notation for an floating production storage and offloading (FPSO) from ABS. The notation demonstrates the vessel’s alignment with remote-control functions and signifies that the design…
Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement…
McDermott has been awarded a ‘sizeable’ offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, offshore Sabah in East Malaysia.Under the scope of the contract…
Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…
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