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Oslo-listed oil and gas company BW Energy said Thursday the process to acquire Petrobras' interests in working interest in Golfinho and Camarupim deepwater oil fields and the related FPSO from Saipem was about to resume. In June 2022, BW Energy signed an agreement to acquire 100% working interest (WI) in the Golfinho and Camarupim Clusters and 65%... Continue Reading →
Offshore hydrogen production is paramount to meet the substantial increase expected in European hydrogen demand, as hydrogen is due to play a significant role as a low-carbon energy carrier – not only to decarbonize hard-to-abate sectors, but also to boost security of energy supply in Europe, a study has shown. The "Specification of a European... Continue Reading →
BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party. The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer. The company said last Friday it was also exploring the commercial principles... Continue Reading →
Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil. The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12,000 – 14,000 bopd. This followed the installation... Continue Reading →
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, according to Rystad Energy, an energy market intelligence group. Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again... Continue Reading →
Welsh Ministers have granted a Section 36 consent with deemed planning permission to Blue Gem Wind consortium to build and operate the Erebus floating wind project. The news follows the recent decision by Natural Resources Wales to provide the joint venture between TotalEnergies and Simply Blue Group with a marine licence. Erebus is Wales’ first planned... Continue Reading →
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power... Continue Reading →
Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop "fully autonomous and sustainable" Floating Production Storage and Offloading (FPSO) solutions. "AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets, will enable [Yinson] to operate its FPSO with minimal human involvement, and with a vision for... Continue Reading →
Brazil Energy Insight 