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BW Offshore: Contract extension for BW Athena
BW Offshore has received a notice of termination for the FPSO BW Athena contract from Ithaca Energy. BW Offshore and Ithaca Energy (on behalf of the Athena field co-venturers) have agreed a revised contract structure to continue production on the Athena field beyond expiry of the firm period on a revised compensation scheme, involving advanced payment of an FPSO demobilisation fee and sharing of positive cashflow from the field. Both parties have the right to terminate on a 60-day notice period.

date.png01 Apr 2015 12:46 | comments.png 0 Comments | tags.png bw-offshore europe fpso ithaca services uk [ More ]

Dyna-Mac Secures Landmark Catcher Development FPSO - Topside Module Fabrication Contract At S$89 Million From BW Offshore
Dyna-Mac has secured a contract with a preliminary sum close to S$89 million for the construction of 10 units of FPSO topsides modules and 1 unit of flare tower from BW Offshore, a leading global provider of floating production services to the oil and gas industry.

date.png06 Jan 2015 19:58 | comments.png 0 Comments | tags.png bw-offshore dyna-mac engineering fpso [ More ]

KONGSBERG to supply integrated control and safety system, E-House and electrical system for BW Offshore Catcher FPSO
Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime, will deliver an Integrated Control and Safety System for the new BW Offshore 'Catcher FPSO'.

date.png29 Aug 2014 12:04 | comments.png 0 Comments | tags.png bw-offshore europe fpso kongsberg premier services uk [ More ]

BW Offshore successfully completed USD 800 million bank loan
BW Offshore has signed the facility documentation for the new USD 800 million ten year senior secured credit facility for the Catcher FPSO project. The facility is a combined construction and long term financing facility. The credit facility was substantially oversubscribed by a group of 13 leading international banks.

date.png11 Aug 2014 05:22 | comments.png 0 Comments | tags.png bw-offshore europe fpso north-sea premier services uk [ More ]

BW Offshore to take full ownership of FPSO Petroleo Nautipa
BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa, owned through Tinworth Pte. Ltd.

date.png24 Jul 2014 07:18 | comments.png 0 Comments | tags.png aervices africa bw-offshore fpso gabon vaalco [ More ]

BW Offshore: Contract extension for BW Athena
BW Offshore has received a contract extension for the FPSO BW Athena with Ithaca Energy. The primary term of the contract expires in Q2 2015, and Itacha Energy has exercised the option for a secondary term of up to five years. Ithaca Energy has the right to terminate the contract on a rolling 12-month notice.

date.png07 Jun 2014 20:19 | comments.png 0 Comments | tags.png bw-offshore europe fpso ithaca services uk [ More ]

BW Offshore: Contract extension for FPSO Polvo
BW Offshore has signed an agreement with HRT for a one year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2015 (from Q3 2014), with options until Q3 2022.

date.png16 Jan 2014 07:38 | comments.png 0 Comments | tags.png brazil bw-offshore fpso hrt s-america services [ More ]

BW Offshore: Acquired VLCC for future projects
BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering ("DSME"). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012.

date.png07 Jan 2014 07:20 | comments.png 0 Comments | tags.png bw-offshore fpso services [ More ]

BW Offshore: Extension for Sendje Berge
BW Offshore has agreed an extension for FPSO Sendje Berge with Addax Petroleum Exploration Ltd until the end of Q1 2014. The extension has been agreed to secure operational continuity while joint work to detail longer term program for investment and production is completed.

date.png17 Jul 2013 08:49 | comments.png 0 Comments | tags.png addax africa bw-offshore nigeria services [ More ]
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