Offshore news

Teekay Corp. has entered into a new bareboat charter contract with Britoil Ltd, a subsidiary of BP, for the Petrojarl Foinaven FPSO unit for up to approximately 10 years.

Siccar Point and Shell UK had been planning to bring the project to a Final Investment Decision (FID) in 3Q20.

First gas has been achieved from a new well in the Chiswick field in the Southern North Sea, while first oil has been achieved from a new well in the Chestnut field.

The company is in discussions with Total regarding the notice.

The HullGuard system involves installing a tubular ‘periscope type’ anode with an integral dielectric shield, through an ODIN® type class approved access port fitted to the inside of the ship’s hull.

Planned 2020 CAPEX on the company's UK producing assets is expected to be below US$45 million, reduced from the original forecast of US$65 million.

The ARO-2003 (SAR201) jack-up rig has been repaired and overhauled for ARO Drilling.

The Framo TransRec system is designed to handle any oil spill, whether it occurs in the process of oil production or as the result of a vessel-related incident.

The first uncrewed surface vessels (USVs) will be launched before the end of this year, and a larger USV model is being designed for delivery in 2021.

The company, which had planned to lift capital spending to US$13.37 billion this year, is still discussing the scale of the cuts.