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BP refurbishing FPSO
Greater Plutonio
for extended service
Jan 1st, 2019
More in Home
Production
Castberg partners rule out Barents Sea oil terminal
High costs have scuppered plans for a downscaled ship-to-ship oil transfer terminal in northern Norway receiving production from fields in the Barents Sea.
Regional Reports
Africa, Brazil leading offshore upstream investment in 2020
Rystad Energy expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep decline.
Production
Northwest Europe gas output set for steep decline
Natural gas production in northwest Europe looks set to fall by around 25% from current levels over the next five years, according to GlobalData.
Subsea
OneSubsea to provide production systems for Anchor
Chevron U.S.A. Inc. has commissioned OneSubsea to supply an integrated subsea production and multiphase boosting system for the Anchor field in the deepwater US Gulf of Mexico.
Rigs/Vessels
Norwegian, Korean groups jointly target FPSO bids
Kvaerner has agreed to collaborate with Samsung Heavy Industries and Aker Solutions on joint delivery of upcoming FPSO contracts.
Field Development
Total launches FEED for North Platte
Total has started front-end engineering and design for the deepwater North Platte discovery in the US Gulf of Mexico.
Field Development
Chevron greenlights Anchor in the deepwater Gulf of Mexico
Chevron Corp. has sanctioned the $5.7-billion Anchor project in the deepwater US Gulf of Mexico.
Subsea
Aker BP orders subsea kit for Ærfugl 2 offshore mid-Norway
Aker BP has awarded two of the main contracts for Phase 2 of the Ærfugl-Skarv subsea tieback 210 km (130 mi) west of Sandnessjøen in the Norwegian Sea.
Field Development
More discoveries needed to sustain long-term offshore developments
There are sufficient oil field discoveries with a breakeven oil price of below $60 Brent to meet global demand growth until around 2027, according to consultant Rystad Energy.
Rigs/Vessels
SBM confirms arrangements for Mero FPSO offshore Brazil
SBM Offshore has signed contracts with Petrobras for the 22.5-year lease and operation of the FPSO Sepetiba (formerly known as Mero 2).
Field Development
Petrofac secures more North Sea support deals
Petrofac has negotiated two new framework agreements for the provision of engineering, procurement, construction, and commissioning services in the UK North Sea.
Geosciences
Polarcus awarded offshore Brazil 4D survey
Polarcus has secured a 10-month marine seismic acquisition program off Brazil starting in 3Q 2020.
Regional Reports
Talos Energy to acquire several Gulf of Mexico producing assets
Talos Energy Inc. says that it will acquire a broad range of US Gulf of Mexico producing assets for $640 million.
Geosciences
Lebanon hoping for offshore exploration upturn
Rystad Energy forecasts an upsurge in exploration activity offshore Lebanon and Israel over the next few years.