MJ is a gas condensate field and is the third field under development as part of the KG D6 integrated development campaign.
BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels.
Norwegian oil and gas company Vår Energi has awarded an Engineering, Procurement, Construction and Installation (EPCI) contract to Rosenberg Worley in Stavanger, Norway.
MODEC has decided to issue project bonds to international investors to refinance an FPSO vessel chartered to the TUPI consortium led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil, according to Rystad Energy.
Dutch FPSO provider SBM Offshore has revealed that a Chinese yard has started building its third Fast4Ward FPSO hull.
Euronav NV has sold its oldest very large crude carrier for conversion into a floating production storage and offloading vessel.
Japanese FPSO specialist MODEC has revealed two new FPSO designs, which it says will fill the need for larger deck space and storage capacity, and longer FPSO design life, among others.
Malaysia’s FPSO provider Yinson has secured a two-month extension for its Lam Son FPSO in Vietnam.
Partners in the Leviathan project located offshore Israel have entered into two separate interim agreements with FLNG service and technology providers Golar LNG and Exmar to perform engineering studies for the construction of an FLNG facility for the project.
Neptune Energy has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia.
Petrobras has signed contracts with Trident Energy and Karoon Gas for the sale of upstream assets in shallow waters in Campos and Santos Basins off Brazil, in the total amount of $1.5 billion.
SBM Offshore-owned Liza Destiny FPSO last week started its journey from a shipyard in Singapore towards Guyana to make it an oil-producing nation.
Eni has started installation works on the hull of the Coral Sul floating liquefied natural gas (FLNG) treatment and liquefaction unit that will be moored offshore in Mozambique.
