Petrobras has started oil and natural gas production at platform P-68 in the Berbigão field, in the Santos Basin pre-salt offshore Brazil.
British oil firm Premier Oil has said that its Catcher project offshore the UK has recently achieved cash payback – meaning it has offset the initial capital expenditure costs – 22 months after first oil.
Four Japanese companies have decided to proceed with the deepwater FPSO charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.
Ithaca has acquired interests in the Captain, Alba, Erskine, Alder, Britannia, Brodger, Callanish, Enochdhu, Elgin/Franklin and Jade fields.
SBM Offshore has been awarded contracts by ExxonMobil to perform front end engineering and design for an FPSO for the Payara development project located in the Stabroek block in Guyana.
Offshore telecommunication services provider RigNet has signed a multi-year agreement with Petrobras to supply O3B VSAT technology to six of its FPSO vessels.
BW Offshore has found uncertainties related to payment of outstanding overdue hire and payment of future hire by Tamarind Resources for the FPSO Umuroa following Tamarind’s termination of the contract for the FPSO.
Malaysian FPSO supplier Yinson has secured another short term extension for the Lam Son FPSO in Vietnam.
The ExxonMobil-operated Liza-1 development, located in the Stabroek Block offshore Guyana, is now expected to start production through the Liza Destiny FPSO in December 2019, which is earlier than expected.
Japan’s MODEC has signed a contract with ConocoPhillips to supply a floating production storage and offloading (FPSO) vessel for the Barossa field, offshore Australia.
Norwegian oil and gas giant Equinor has selected international oil and gas advisory and classification society DNV GL as the certifying authority for the Bay du Nord project off Canada.
Petrobras and Brazil will continue to dominate deployment of global FPSOs over the next five years
Panoro Energy is exiting Nigeria following an agreement to sell all of its interest in OML 113, offshore Nigeria, to PetroNor. On the other hand, PetroNor will take over a lead technical and management role for the project to progress it to the next phases.
SBM Offshore has been designated as the successful bidder for Constellation’s share in five Brazilian FPSOs.
