PetroRio has signed an agreement with Total for the acquisition of a 28.6% interest in the BM-C-30 Block, which holds the Wahoo field located off Brazil.
Offshore mooring systems provider SOFEC has delivered key pieces of equipment for a MODEC FPSO vessel, which will operate for Eni in waters offshore Mexico.
Jadestone is preparing to re-issue an FPSO tender for a project offshore Vietnam, which was delayed last year due to challenging market conditions.
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has issued an order to Equinor following an audit of the company’s integrated risk and barrier management on the Norne FPSO.
Petrobras has signed a letter of intent with SBM Offshore for the chartering of the FPSO Almirante Tamandaré to be installed in the Búzios field off Brazil.
Brazilian oil and gas company Enauta has resumed production from its Atlanta field, located off Brazil, after a nearly month-long shutdown due to repairs.
Oil and gas company Tailwind Energy has received consent and approval of the field development plan for the Evelyn Field from the UK Oil and Gas Authority’s (OGA).
After a rocky start to the year, BW Offshore is investing in the floating offshore wind to position itself as an early mover in the energy transition.
ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.
The oil & gas services provider BW Offshore has signed a share purchase agreement to become a strategic owner of the floating wind technology developer Ideol. The deal will see BW Offshore obtaining a 50 per cent stake by investing EUR 60 million and the establishment of BW Ideol, a global integrate
Maritime and offshore classification society American Bureau of Shipping (ABS) has granted approval in principle to South Korea’s Hyundai Heavy Industries’ (HHI) design of a floating storage and offloading vessel that is planned for operations in Mexican waters.
Palfinger has secured a contract with Yinson to provide cranes, lifeboats, a rescue boat, and davits for an FPSO bound for Brazil.
Another company involved in the oil & gas sector has set its sights on offshore wind, as the industry increasingly moves towards renewable energy amid the global energy transition. The latest to announce its clean energy plans is BW Offshore, which is now in investment discussions with the floating
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
