Hurricane Energy’s share price rose more than ten percent on Monday after a competent person’s report boosted its oil reserves estimate by 231 percent. Hurricane said its total 2P Reserves + 2C Contingent Resources increased by ~231% to 2.6 billion barrels of oil equivalent. The report covered Hurri
Singapore’s Keppel Offshore & Marine (Keppel O&M) has secured projects from repeat customers Petrobras and SOFEC worth a combined value of approximately S$130 million ($96.2M).
Italian oil company Eni has received permission from Norwegian authorities to restart production from its Goliat field located in the Barents Sea offshore Norway.
Oil services company Aker Solutions has won a contract from Sembcorp Marine to design the living quarters for the Statoil-operated Johan Castberg development’s floating production, storage and offloading vessel (FPSO). To remind, Statoil in November signed a letter of intent with Sembcorp Marine for
Petrobras has declared commerciality of the Libra Northwest field, in the pre-salt of Santos Basin off Brazil, renaming it Mero.
V.Ships Offshore has been awarded a contract to provide operations and full technical management of the Pertamina Abherka FSO.
Tanker company Euronav NV has sold its very large crude carrier (VLCC) Flandre for $45 million to an unnamed global supplier and operator of offshore floating platforms. The 2004-built Flandre is wholly owned by Euronav and, following the recent sale of the 2001-built Artois, it is the oldest vessel
Statoil has submitted the plan for development and operation for its Johan Castberg project in the Barents Sea, offshore Norway.
Aker Solutions has won work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea.
World’s first converted FLNG unit, and soon to be Africa’s first FLNG unit producing LNG from an offshore gas field, has reached its final location in Cameroon, after a long journey from Singapore.
The EnQuest-operated Kraken development in the UK North Sea has been producing “above expectations” with production reaching 40,000 bopd in November.
SBM Offshore USA, a subsidiary of world’s largest FPSO provider SBM Offshore, has pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursda
Malaysia’s Yinson is set to take over the Layang FPSO contract THHE has with Japan’s JX Nippon. TH Heavy Engineering Berhad, which is building the FPSO, has applied to a Malaysian court to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia
French oil company Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro
