Rig utilization in Southeast Asia set for decline, Rystad’s analysis shows

Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of…

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CNRI files decommissioning plans for two floating units off UK

CNR International (CNRI) has filed its Banff and Kyle fields decommissioning programs for an FPSO and FSO float-off with the UK authorities.   …

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Petrobras firms up deals for Marlim 2 FPSO with Yinson

Malaysian FPSO provider Yinson has signed contracts with Petrobras for the delivery, operation, and maintenance of the Marlim 2 FPSO.

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BHP hires McDermott for Trion floating production unit pre-FEED

McDermott has been awarded a sizeable contract by BHP to provide pre-FEED services for a floating production unit (FPU) that will be installed at the Trion field offshore Mexico.  …

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Popular news, March 23 – 29, 2020

Offshore Energy Today’s most popular news of the past week.

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Project sanctions take the hit as Woodside halves spending plans

Australian energy giant Woodside has made a decision to reduce its total expenditure for 2020 by 50% as a response to the uncertainty in the global environment. As a result, final investment…

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BP charters Foinaven FPSO for up to ten years

Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a new bareboat charter contract with a subsidiary of BP for the Petrojarl Foinaven FPSO unit for up to… …

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Spirit Energy boosts output at two North Sea fields

Following successful offshore drilling campaigns, oil and gas company Spirit Energy has boosted production from two North Sea fields.

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Offshore worker evacuated from FPSO tests positive for coronavirus

Hurricane Energy has confirmed that a crew member on the Aoka Mizu FPSO at the Lancaster field has been evacuated to the mainland for medical reasons and subsequently tested positive for COVID-19. …

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Valaris gets two rig contract terminations in Angola

Offshore drilling contractor Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron.  …

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