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(PN) The Brazilian Environmental Institute (Ibama) issued the operating license for FSO Pargo, which will be operated by Perenco at the Pargo Complex, in the Campos Basin. The license will last for eight years. FSO type ships are only used for storage and transport – and therefore do not have modules on their topside. The... Continue Reading →
Bekaert today announces the acquisition of 75% of shares in Flintstone Technology Ltd. Flintstone, based in Dundee Scotland, provides mooring technology solutions, systems design and testing capabilities for the global offshore energy markets. It offers a range of products and services including connectors and tensioners for permanent mooring. Bekaert’s ambition is to be the leading... Continue Reading →
(OET) Italy’s engineering, drilling, and construction services provider Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil’s subsidiary ExxonMobil Guyana Limited and Equinor. As a result, the Italian player will carry out operations for the U.S. oil major in Guyana while the assignment with the Norwegian state-owned... Continue Reading →
Strohm, the world’s first and leading thermoplastic composite pipe (TCP) technology company, has taken a big step towards expanding its TCP operating envelope. DNV has issued a Statement of Qualified Technology for Strohm’s 6-inch EGF-PE pipe, as per the DNV-ST-F119 standard, for its use as a flowline or jumper in deep waters. It is the... Continue Reading →
By Gavin Kerr, Mammoet (OM) The drive to construct bigger FPSO and FLNG facilities is essential to improve productivity, with superior efficiency benefits to be gained compared to smaller assets. But this trend is not without challenges, including whether there is the correct construction equipment and methodologies to achieve what has been designed. Modularized construction... Continue Reading →
(Bloomberg) — On a platform 140 kilometers (87 miles) off the coast of Norway, Crown Prince Haakon held two power cables connected to scale models: the first was a wind turbine, the second an oil rig. Behind him, the world’s biggest floating offshore wind farm was just visible on the horizon, an engineering marvel that... Continue Reading →
(OET) Japan’s MODEC has joined forces with Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, to pursue the technical development of inspection drones for floating production, storage, and offloading (FPSO) vessels and large offshore platforms. To this end, the two players signed a memorandum of understanding (MOU) on November 7, 2023. Currently,... Continue Reading →
(OE) Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem. The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil. BW Energy will pay Saipem a total of USD 73 million in fixed consideration... Continue Reading →
(OE) Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China. MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil-led consortium and is for the deployment of the FPSO to the... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil has started production from its third oil development at the Stabroek block offshore Guyana, boosting total production capacity in the country to approximately 620,000 barrels per day. ExxonMobil made a final investment decision to proceed with the Payara field development, Guyana’s third offshore oil development on the Stabroek Block, at the end of September... Continue Reading →
