Floating production storage and offloading

New Fortress Energy Closes Financings to Fully Fund 630 MW Barcarena Power Plant; Barcarena LNG Import Terminal to Commence Operations at Year End 2023

Retrieved on: 
Tuesday, November 7, 2023

These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal.

Key Points: 
  • These financings will be used to complete construction of our 630 MW Barcarena power plant, which is approximately 37% completed pursuant to a fixed-price, date-certain EPC contract with Mitsubishi and Toyo Setal.
  • The power plant, located adjacent to NFE’s LNG import terminal at the mouth of the Amazon river, is on schedule to commence operations in the third quarter of 2025 under a 25-year power purchase agreement (PPA) with several electricity distribution companies in Brazil.
  • This power plant will contribute to our portfolio of contracted, long-term cash flows in Barcarena beginning in the third quarter of 2025.
  • This will follow contracted cash flows at our Barcarena terminal from Norsk Hydro and Gás do Pará that commence at year end 2023," said Andrew Dete, Managing Director of New Fortress Energy.

SBM Offshore awarded FEED contracts for Whiptail project in Guyana

Retrieved on: 
Friday, October 13, 2023

SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana.

Key Points: 
  • SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana.
  • Following FEED and subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, to release the second phase of work, SBM Offshore will construct and install the FPSO.
  • The FEED contract award triggers the initial release of funds by ExxonMobil Guyana Limited to begin FEED activities, and commits a Fast4Ward® hull for the execution of the Whiptail development project in Guyana.
  • Bruno Chabas, SBM Offshore’s Chief Executive Officer:
    “We are proud to announce ExxonMobil Guyana has awarded the contracts for a fifth FPSO from SBM Offshore in Guyana.

Radix Secures USD $11.5M Contract with Petrobras for FPSOs

Retrieved on: 
Wednesday, September 20, 2023

HOUSTON, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Brazilian oil and gas giant Petrobras has awarded Radix, a global engineering and technology company, a new contract to develop projects for Floating Production, Storage, and Offloading (FPSOs).

Key Points: 
  • HOUSTON, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Brazilian oil and gas giant Petrobras has awarded Radix, a global engineering and technology company, a new contract to develop projects for Floating Production, Storage, and Offloading (FPSOs).
  • The agreement will last 31 months, with services estimated at $11.5M USD (R$57 million).
  • The contract includes developing multidisciplinary engineering projects using digital automation tools for the state-owned company's new assets.
  • "We are very excited about this major new contract with Petrobras, underlining our industrial expertise in this segment.

SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution

Retrieved on: 
Friday, September 15, 2023

TOKYO, Sept 15, 2023 - (JCN Newswire) - SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs.

Key Points: 
  • TOKYO, Sept 15, 2023 - (JCN Newswire) - SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs.
  • The agreement follows a successful engineering and design study between the companies demonstrating the technical feasibility and commercial readiness of CO2 capture technology offshore.
  • The CO2 capture solution will apply MHI's proprietary "Advanced KM CDR Process" technology, jointly developed with The Kansai Electric Power Co., Inc.
  • With this agreement, we will accelerate the offshore carbon capture business in order to achieve a carbon neutral society."

SBM Offshore and MHI sign Partnership Agreement for FPSO CO2 Capture Solution

Retrieved on: 
Friday, September 15, 2023

SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs.

Key Points: 
  • SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs.
  • The agreement follows a successful engineering and design study between the companies demonstrating the technical feasibility and commercial readiness of CO2 capture technology offshore.
  • The CO2 capture solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM” technology, jointly developed with The Kansai Electric Power Co., Inc.
  • With this agreement, we will accelerate the offshore carbon capture business in order to achieve a carbon neutral society.”

Golar LNGs Adopt the LFC biodigester as Innovative Food Waste Management Solution

Retrieved on: 
Tuesday, August 29, 2023

The LFC® biodigester is a machine that digests food waste.

Key Points: 
  • The LFC® biodigester is a machine that digests food waste.
  • The decision to adopt the LFC biodigester presented numerous advantages, including an eco-friendly solution that contributes to the preservation of marine ecosystems and a reduction in environmental footprints.
  • Building on the success of the LFC biodigester on the Golar Freeze, the owners recognized its potential benefits for other LNG carriers within their fleet.
  • Furthermore, the LFC biodigester offered the unique advantage of reclaiming deck space, taking up substantially less room than antiquated food pulper systems and storage tanks.

EQS-News: ADM Energy PLC: Final Results, Annual Report and Notice of AGM

Retrieved on: 
Tuesday, June 27, 2023

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Key Points: 
  • UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
  • ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces its audited full year results for the 12 months ended 31 December 2022.
  • The Company will shortly be publishing its Annual Report and Accounts including a Notice of AGM.
  • The AGM is to be held at the offices of Shakespeare Martineau, 60 Gracechurch St, London EC3V 0HR at 10.00 a.m. on 25 July 2023.

Mitsubishi Power to Supply Technology to Brazil’s Largest Peaking Power Plant in Support of Country’s Energy Transition

Retrieved on: 
Tuesday, May 16, 2023

The four state-of-the-art M501JAC gas turbines will operate in simple cycle at UTE Portocem providing much needed generation capacity in Brazil.

Key Points: 
  • The four state-of-the-art M501JAC gas turbines will operate in simple cycle at UTE Portocem providing much needed generation capacity in Brazil.
  • UTE Portocem will be one of the largest power plants ever built in Latin America and will boast 1.6 gigawatts (GW) of installed capacity.
  • “The UTE Portocem power plant is a historic project for Brazil, allowing for an efficient energy transition and ensuring the reliability of the national electrical system.
  • Portocem has selected state-of-the-art technology by choosing Mitsubishi Power and a construction company with extensive experience in building this type of project – CONSAG,” said Ronan Dias, CEO of Portocem.

ExxonMobil Guyana Advances Fifth Offshore Guyana Development

Retrieved on: 
Friday, April 28, 2023

ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals.

Key Points: 
  • ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals.
  • “Our fifth, multi-billion-dollar investment in Guyana exemplifies ExxonMobil’s long-term commitment to the country’s sustained economic growth,” said Liam Mallon, president of the ExxonMobil Upstream Company.
  • ExxonMobil is utilizing its diversified supplier base to help reduce costs and safely accelerate development in its Guyana operations.
  • Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

NOV Reports First Quarter 2023 Earnings

Retrieved on: 
Wednesday, April 26, 2023

NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.

Key Points: 
  • NOV Inc. (NYSE: NOV) today reported first quarter 2023 revenues of $1.96 billion, a decrease of 5 percent compared to the fourth quarter of 2022 and an increase of 27 percent compared to the first quarter of 2022.
  • Completion & Production Solutions generated revenues of $718 million in the first quarter of 2023, a decrease of three percent from the fourth quarter of 2022 and an increase of 35 percent from the first quarter of 2022.
  • Rig Technologies generated revenues of $550 million in the first quarter of 2023, a decrease of 11 percent from the fourth quarter of 2022 and an increase of 25 percent from the first quarter of 2022.
  • NOV will hold a conference call to discuss its first quarter 2023 results on April 27, 2023 at 10:00 AM Central Time (11:00 AM Eastern Time).