Brazil’s Petrobras has paid Vantage Drilling $700.9 million for 2015 drillship termination and certain unpaid invoices, following a previously rendered arbitration award and related U.S. judgment confirming the award.
Petrojarl Varg is a ship-shaped, turret moored, FPSO delivered in 1998.
Marine services and solutions provider Teekay Offshore has awarded a contract for subsea work on two floating, production storage and offloading (FPSO) vessels to Norwegian diving contractor SubseaPartner.
Malaysia’s OceanMight has received a letter of award to supply a module related to the upgrade of Vestigo Petroleum’s two offshore facilities.
Yinson has received a $13 million payment from a Japanese consortium
Japan’s MODEC has received a letter of intent (LOI) for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel for Petrobras for Búzios 5.
Shell Australia has retained CHC Helicopter as the provider of helicopter transportation services to the giant Prelude FLNG facility offshore Australia.
Transborders Energy, a company developing a small-scale FLNG solution for stranded gas fields has entered into a Joint Study Agreement with Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu).
After months of negotiations and short-term contract extensions, Malaysian FPSO provider Yinson has managed to secure a longer-term contract for its FPSO Adoon with Addax Petroleum Development in Nigeria.
Offshore mooring solutions supplier SOFEC has hired BMT and Sonardyne to supply a mooring monitoring system (MMS) for Eni’s Coral South FLNG project offshore Mozambique.
The project is expected to begin production in mid-2022.
Brazilian oil and gas company Petrobras and its partners have taken the investment decision for the second phase of the Mero project (Libra block), located deep offshore, 180 kilometers off the coast of Rio de Janeiro.
Oil major Shell has announced that the first shipment of liquefied natural gas (LNG) has sailed from the Prelude floating liquefied natural gas (FLNG) facility, located 475 kilometers North East of Broome in Western Australia.
BM Offshore will design and construct the FPSO Mero 2 using its standardized hull Fast4Ward program.
