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Floating Procuction News

 

Shell's Prelude LNG Facility Expected to Resume Exports Next Month

Nov 27, 2023

Shell has almost finished extensive maintenance at its Prelude floating liquefied natural gas (FLNG) facility off Australia and is set to resume exports next month, according to industry sources and shipping data.The timing of the giant floating facility's return to operations is likely to coincide with peak consumption in major markets, including China and Europe, as winter in the northern hemisphere drives demand鈥

Tullow Oil Swings Into Loss, But Eyes Returns After 2025

Mar 06, 2024

Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year鈥

Hess Signals Guyana's Seventh Oil Platform

Jan 05, 2023

Hess Corp on Thursday said drilling results expected this month could add a seventh platform in Guyana, which would lift the nascent oil producing nation's output above the 1.2 million barrels of oil equivalent per day planned.The U.S. oil producer鈥

Radix Creates Virtual FPSO Training Environment to Reduce Commissioning Phase Risks

Dec 12, 2022

Brazil-based Radix Software and Engineering said Monday it had created a virtual FPSO training environment for a major operator with the goal of reducing risk in the asset commissioning phase by training operators in process optimization and validation of operational manuals鈥

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