Australian oil and gas firm BHP Billiton has backed plans to develop what may be the world鈥檚 largest floating LNG project, saying it is 鈥渇ully aligned鈥 with partner ExxonMobil. But, the project is still facing difficulties, according to a statement from Exxon to news agency Bloomberg鈥
Sevan Marine is to provide front end engineering and design for the hull and marine systems of a Sevan type cylindrical floating production (FPSO) facility for Premier Oil's Bream field in the Norwegian sector of the North Sea. Bream鈥
Total's production should grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now, the French super major said today (22 September). But, strict capital discipline will also be key, in addition to selling an additional US$10 billion of assets in 2015-17鈥
Three tugs of Fairmount Marine have towed the new floating production, storage and offloading (FPSO) vessel Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world鈥檚 largest FPSOs for harsh environments, was delivered to the port of Haugesund鈥
Planning is underway for further drilling on the Barryroe discovery in the Celtic Sea offshore Ireland during 2015 with a view to reaching first oil by 2018, according to partner Landsdowne Oil & Gas. The work is subject to a farm鈥
Trelleborg鈥檚 offshore unit secured a contract to supply a range of cable protection products for phase two of the offshore wind farm Fukushima FORWARD project, lead by Japanese Ministry of Economy, Trade and Industry. Trelleborg鈥
Eni has discovered oil in Block 15/06, in the Ochigufu exploration prospect offshore Angola. ENI said the find was 'important' and would be fast tracked to production through the Ngoma floating production, storage and offloading vessel on the company's West Hub development鈥
South Korea has become an international shipbuilding power-house 鈥 a name-plate for dozens of global mega-projects stretching from New Foundland to Australia. What is described as 鈥渢he largest fabrication facility in the world鈥 is in鈥
The Cidade de Ilhabela floating production storage and offloading unit (FPSO) sailed from the Brasa shipyard on 15 September, marking the first FPSO to be integrated at Brasa鈥檚 quay number two. The departure of the FPSO is a milestone for 2-year-old Estaleiro Brasa (shipyard)鈥
Ithaca Energy has completed a flow test on the fourth development well on the UK North Sea Stella field, hitting 12,005boe/d. The result takes the total field potential up to 45,000boe/d, exceeding the firm's 30,000boe/d annualised estimate for the field鈥
UK-based heavy oil explorer Xcite Energy has signed an agreement which could pave the way for a common gas export route for the Kraken, Bentley and Bressay heavy oil fields. The collaboration agreement is between with Statoil and a subsidiary of EnQuest鈥
Expro has landed a major subsea contract with BP for the Quad 204 project, west of Shetland in the UK North Sea. The seven-year multi-million dollar contract will see Expro provide its latest design vertical xmas tree landing string for the installation of BP鈥檚 subsea completions鈥
Suncor Energy resumed production at the Terra Nova oil field, located approximately 350km southeast of St. John鈥檚, Newfoundland, Canada, the company reported on 3 September 2014. Production resumed following planned maintenance on the field鈥檚 FPSO facility鈥
Energy analysts Douglas-Westwood estimates in its World Floating Production Market Forecast that US$91 billion will be spent on FPSs during the period of 2013-2017. This marks a 100% increase over the previous five-year period, with the global CAPEX set to double鈥
In advance of OE鈥檚 2014 Global FPSO Forum, Managing Editor Audrey Leon spoke with Peter Lovie, Senior Advisor, Floating Systems for Peter M Lovie PE, LLC, and program chair for Global FPSO Forum; Arjan Voogt, MARIN USA; and Bruce Crager, Endeavor Management鈥
