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Offshore Vessels

TGS Achieves Milestone Record For Longest Deepwater Node Survey Campaign Offshore Guyana

TGS, a leading global provider of energy data and intelligence, is pleased to announce the successful completion of a series of marine Ocean Bottom Node (OBN) surveys offshore Guyana.  On December 1st, 2023, the final node recovery marked the culmination of three exclusive OBN surveys commissioned by ExxonMobil Guyana. TGS successfully acquired 2,400 square kilometers of OBN […]

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Maersk Supply Service To Focus On Offshore Wind And Offshore Support Vessels

According to the company, by focusing on fewer business areas and regions, Maersk Supply Service will increase its presence in core markets, increase synergies in its operations and improve profitability. Going forward its two core business areas will be offshore wind and offshore support vessels (OSV). The offshore vessel markets continue to improve, and the […]

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MODEC Wins 10th FPSO Supply Contract In Brazil

MODEC has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltd, a subsidiary of Equinor ASA, to supply a Floating Production, Storage and Offloading (FPSO) vessel to produce the field cluster of Pao de Acucar, Seat & Gavea in the BM-C-33 block of the Campos Basin offshore Brazil. The FPSO is one […]

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SBM Offshore Completes US$1.75 Billion FSPO ONE GUYANA Project

SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion. The project financing was secured by a consortium of 15 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee […]

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Exxonmobil’s FPSO Liza Unity Is The First To Receive A Sustain-1 Notation By The ABS

On the northeastern coastline of South America, Guyana is the location of one of the most significant oil discoveries in the past decade. Using industry-leading technology, ExxonMobil is working to develop, reliably produce and deliver energy resources from these discoveries to the global market. And, the Liza Unity floating production storage and offloading vessel, where […]

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Woodside, Bumi FPSO Contract Termination Saga Lingers As Bumi Appeal Suit Dismissed

Woodside and Armada Balnaves Pte Ltd (Bumi) a Malaysia-based international offshore oilfield services provider  have been engaged in the Western Australian Supreme Court proceedings brought by Bumi (Armada Balnaves Pte Ltd v Woodside Julimar Pty Ltd CIV/1408/2016) with respect to Woodside’s termination in March 2016 of the services agreement for the Armada Claire FPSO.  The […]

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Yinson FPSO Anna Neryproject still in Progress

Yinson has revealed that the FPSO Anna Nery project is still on track with over 10.5 million manhours without any Lost Time Injuries (LTIs) thus far. Upon completion of repair and life extension works at CoscoChangxing, the vessel has recently moved to CoscoQidong where topside module integration and testing have commenced.  Despite the challenges brought […]

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SBM Offshore completes Total’s US$1.05 billion FPSO Prosperity project

SBM Offshore has announced it has completed the project financing of FPSO Prosperity for a total of US$1.05 billion. The project financing was secured by a consortium of 11 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantee has been released. The […]

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ADNOC Logistics Repositions its Expansion Campaign with Acquisition of Two Additional VLCCs

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), today announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.  The VLCC fleet expansion plays a significant role in supporting […]

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Suez Canal Blockade the ugly side of the LNG market if prolonged

The blockade caused by the grounding of a large container ship in Egypt’s Suez Canal — halting marine traffic through one of the busiest and most important waterways in the world — could have a major impact on the liquefied natural gas (LNG) market if prolonged, according to an analyst at Wood Mackenzie. The ship, called Ever Given, ran […]

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