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Dana Gas Spuds Merak-1 Offshore Egypt

Maritime Propulsion newsletter
Sabah-Sarawak Gas Pipeline Shit for Maintenance
Petrobras Eyes $9 Bln Transfer-of-rights Addendum
Novatek in Arctic LNG 2 Deal with TechnipFMC
Asian Oil & Gas Newsletter • May 22, 2019
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FLNG Satu Achieves First LNG at Kebabangan

Sabah-Sarawak Gas Pipeline Shit for Maintenance

Malaysia's state oil and gas company Petroliam Nasional Bhd said on Tuesday…

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Brazil's state-run oil company Petrobras said on Tuesday its board of directors…

Novatek in Arctic LNG 2 Deal with TechnipFMC

Russian largest independent gas producer and liquefied natural gas (LNG)…

Environmental Activists Block BP London HQ

Greenpeace activists blocked the entrance to BP's London headquarters on Monday…

Eni Extends Algeria Gas Contract

Italian multinational oil and gas company Eni announced that it had signed…

North Sea Oil Production May Go Down

On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals…

Argentina Grants Offshore Exploration Permits

Argentina awarded permits to begin hydrocarbon exploration in 18 areas off…

Pemex Requests $8bn Loan Amid Heavy Uncertainty

Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor…

Brent Oil Climbs Toward $73

Oil prices rose on Thursday for a third day running as fears of supply disruption…

KBR Awarded FEED Contract for Oman LNG

American engineering company KBR announced  it has been awarded a Front End…




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May 2019 Monthly Floating Production Systems Report

May 2019 Monthly Floating Production Systems Report Despite rising supply risk, crude prices have shown remarkable resilience. Oil prices have trended in the low to mid $70s over the past month. Even an attack on several tankers outside the Strait of Hormuz failed to jolt the oil market. Expectation that OPEC+ will offset Iranian oil exports and continuing strong global oil demand growth has provided pricing support -- thus far. Meanwhile, two floater projects moved to the development stage. Chevron selected a yard to build the semisubmersible hull for its Anchor project in the GOM. ONGC awarded the lease for an FPSO for use offshore the east coast of India. Among other developments, Woodside selected the FEED contractor for the Scarborough semi hull and mooring system, Husky/CNOOC’s Madura MDA/MBH gas project now looks to require a MOPU, not barge and COIDIC is finalizing terms to take an equity role in the Tema FSRU terminal in Ghana. All is discussed in our May WER floating production report.

For more information about the WER reports and online database please visit our website worldenergyreports.com or contact Jean Vertucci, phone: +1 212-477-6700