Offshore news

The new design promises to streamline project timelines.

Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd has contracted TMC Compressors of the Seas (TMC) to provide the marine compressed air system to the Liuhua FPSO.

The agreement is for engineering, procurement and construction works related to the modification, repair and life extension of the Petrojarl Varg FPSO.

The two-year contract extension is for the delivery of integrated specialist asset integrity services for Chrysaor’s Armada, Everest and Lomond offshore production platforms located in the Central North Sea.

The project is the fourth major start-up for BP in 2018.

The company is adding to its state-of-the-art fleet with the purchase and major refit of a multi-role ship.

The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.

As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.

The company has announced that it has entered into a transaction with Hokchi Energy, a subsidiary of Pan American Energy LLC, to cross assign the Company's Participating Interest in Block 2 and Hokchi's PI in Block 31, both in the Sureste Basin offshore Mexico.

The company has signed the contract for the exclusive exploration and development rights of the offshore block A5-A.