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BP Rig Arrives On Site Despite Protests

Maritime Propulsion newsletter
Bourbon BoD to Analyze Restructuring Proposals
U.S. Refiner Phillips 66 Enters Offshore Oil Export Race
Shell Sees More FLNG Opportunities
Asian Oil & Gas Newsletter • June 20, 2019
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BP Rig Arrives On Site Despite Protests

Bourbon BoD to Analyze Restructuring Proposals

Following the submission of financial restructuring proposals subject to…

U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S.

Shell Sees More FLNG Opportunities

Royal Dutch Shell sees more opportunities for floating liquefied natural gas projects…

Masela Development Approval Nears

The Indonesian government is set to approve Japanese Inpex Corp's revised…

Prysmian Bags Dolwin5 Cabling

Italian multinational corporation Prysmian Group  has been awarded a major…

OPEC Output to Remain Flat: Rystad

OPEC and its allies, including Russia, can maintain their current cuts and…

Anadarko Approves $20 Bln Mozambique LNG Project

U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for…

Total Launches New Supercomputer

Energy major Total said its new supercomputer - which has propelled it to…

C&J Energy, Keane Merge in $1.8bln Deal

Oilfield services firms C&J Energy Services and Keane Group, said  that they…

Further Delay in Barryroe Project Loan

Ireland's offshore Oil and gas company Providence Resources has again pushed…




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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