The INPEX-operated Ichthys LNG Project (the Project) cut first steel yesterday for the hull of its Floating Production, Storage and Offloading (FPSO) facility in Okpo, Korea. With fabrication of the hull underway, work on all of the Project’s major offshore facilities has commenced. The FPSO is being built by Daewoo Shipbuilding & Marine Engineering (DSME). [...]
June 19, 2013 | Posted in
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The Gryphon FPSO is back in production following a major overhaul of the vessel. Once all the associated fields are fully operational over the coming months, production will ramp up in excess of 20,000 barrels of oil equivalent a day (boepd). Production from Gryphon is expected to continue for the next decade. The Gryphon FPSO, [...]
May 29, 2013 | Posted in
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Aberdeen-based Dana Petroleum has laid the keel for a new $400 million oil production vessel which will produce and store up to 40,000 barrels of oil a day from the North Sea by 2015. The keel laying of the floating, storage, production and offloading vessel (FPSO) marks a major milestone for Dana’s Western Isles project. [...]
May 28, 2013 | Posted in
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Estaleiros do Brasil Ltda. (EBR), a jointly owned Brazilian company by Toyo Engineering Corporation (TOYO, President and CEO Katsumoto Ishibashi) and SOG – Óleo e Gás S.A. (SOG), a leading engineering company in Brazil, has been awarded an EPCI contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system. The contract [...]
May 13, 2013 | Posted in
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Singapore-based Dyna-Mac Holdings Ltd announced that it has secured two new fabrication orders worth USD 32 Million (S$40 million). The new orders have been placed by two Dyna-Mac’s regular clients and they relate to the fabrication of two new FPSO topside modules. The above orders are expected to have a positive contribution to Dyna-Mac’s earnings per [...]
May 10, 2013 | Posted in
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Dockwise, a global leader in the transport and offshore installation of extremely large and heavy structures, has selected Emerson Process Management, a business of Emerson (EMR), to supply the control systems that help maintain stability and structural integrity for Dockwise’s semi-submersible heavy transport vessel, the largest of its kind in the world. Named Dockwise Vanguard, [...]
May 7, 2013 | Posted in
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One of Jumbo’s heavy lift & installation vessels, the Fairplayer, is in Rotterdam preparing for a subsea installation project. Jumbo’s Fairplayer will be executing the installation of the mooring spread for the EnQuest Producer FPSO. This FPSO will be operating at the Alma and Galia fields, located in Blocks 30/24, 30/25 and 30/29, 310km south-east [...]
The Japan Bank for International Cooperation signed a loan agreement in the aggregate amount of up to 702 million U.S. dollars (JBIC portion) with Cernambi Norte MV26 B.V. (CMV26), a company incorporated in the Netherlands in which MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have equity stakes. The loan, [...]
April 15, 2013 | Posted in
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Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, today announced it won a USD 1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. Hyundai Heavy will carry out engineering, procurement, and construction for the floating offshore facility to be deployed [...]
April 11, 2013 | Posted in
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SBM Offshore announced that it has received a Letter of Intent (LOI) for the twenty year charter and operation of two (2) FPSOs from BM-S-11 subsidiary Tupi BV on 22 March 2013. The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under concession to a consortium [...]
March 26, 2013 | Posted in
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