Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil鈥
BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt. The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements鈥
Bad weather has slowed work to replace riser sections damaged when an FPSO came off station. The Rubicon Vantage FPSO drifted into an exclusion zone designed to protect the Bualuang oil field production infrastructure in the Gulf of Thailand in bad weather鈥
Emerson Network Power has been selected as the main uninterruptible power supply (UPS) systems provider for Shell鈥檚 Prelude floating LNG project. Prelude is the world鈥檚 first floating liquefied natural gas (FLNG) project, currently under construction in Korea鈥
Technip Norge AS has awarded Kvaerner a sub-contract for the fjord base and support services related to the upending and make-ready for mating operations of the substructure for the Aasta Hansteen spar platform (pictured at right). Kvaerner's鈥
Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year. According to a partner on one of the fields produced by the Anasuria floating production鈥
A floating production (FPSO) vessel moored over the Bualuang oil field in the Gulf of Thailand damaged a production riser after drifting off station in bad weather. The Rubicon Vantage FPSO drifted into the exclusion zone designed to protect the production infrastructure鈥
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea鈥
Total announced that Qatar Petroleum International (QPI) is now a shareholder of Total E&P Congo, holding 15% of its capital. The news follows a framework agreement that was previously signed in May. The US$1.6 billion increase of Total E&P鈥
Keppel 云顶赌场老虎机 & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) have secured five contracts worth about S$150 million in total. Keppel Shipyard's contracts are FPSO and FSO projects from Armada C7 Pte Ltd鈥
BW 云顶赌场老虎机 has signed a letter of intent to acquire 30% of the Polvo oil field in Brazil. Following the ongoing sale of BP's stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW 云顶赌场老虎机 has the intention to acquire half of HRT's stake鈥
Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy. Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays鈥
ABTechnology Ltd. and partner Enegi have signed an option agreement with energy services firm Wood Group PSN to increase its participation in the ABT Oil and Gas project. ABT Oil and Gas is a joint project by Enegi and ABTechnology to鈥
The Toscana became the world鈥檚 first permanently moored floating storage and regasification unit earlier this year. Nick Palmer talks more about the unit and its external turret mooring system. This August saw the final installation and hook up of the floating鈥
Premier Oil says production on the North Sea Huntington field has increased to 20,000 bbl/d as restrictions on the CATS pipeline continue to be lifted. Full production rates on the Voyageur Spirit FPSO, which produces the Huntington field鈥
