CEAA has made funds available to assist in participation in the regional assessment of offshore drilling east of Newfoundland and Labrador.
Brazilian oil company Petrobras has set aside $84 billion dollars to spend between 2019 and 2023. Most of this will go on E&P where the company plans to boost output by putting 13 FPSOs in production, seven of which it has yet to order.
Canadian energy company Suncor has restarted production at its Terra Nova FPSO located offshore Canada.
Brazilian oil firm Petrobras and the U.S. oil company Murphy Oil have formed a Gulf of Mexico-focused joint venture company.
First oil cargo was offloaded from the BW Offshore-owned FPSO BW Adolo on Sunday, December 2.
“2017/18 evolved into a most difficult and disappointing year,” Ernest Geoffrey Albers, Chairman of Octanex, an Australian oil and gas company, said on Thursday.
Energean Oil and Gas has cut the first steel for the Karish and Tanin FPSO vessel at a Chinese shipyard.
Dommo Energia has extended the charter of the OSX-3 FPSO vessel working at the Tubarão Martelo Field offshore Brazil.
Yinson’s Adoon FPSO in 3-month contract extension
BW Offshore, an FPSO specialist turned oil operator via its BW Energy subsidiary, has sanctioned the second phase of its Tortue development offshore Gabon.
Oil and gas Shell is exiting the long-stalled Greater Sunrise offshore gas project in the Timor Sea, agreeing to sell its interest to the Timor-Leste government for $300 million. Shell follows the steps of ConocoPhillips which announced the sale in October.
Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will on Wednesday start cutting the first sheet for the topside of the Equinor-operated Johan Castberg vessel at Kværner’s yard at Stord in Norway.
Dutch FPSO giant SBM Offshore has officially signed a contract for the second Fast4Ward FPSO hull with the Chinese SWS shipyard. SBM Offshore is ordering the FPSO hull on speculation and with no firm contract awarded for the FPSO.
Following a storm in Canada last week, which was believed to be one of the worst in the region since 1982, oil and gas operators are still assessing their offshore facilities for damage before resuming operations.
