Oil and Gas World

Oil and Gas World Welcome to the World of Oil and Gas. Everyone is welcome. OilandGas.World was established in 2019.

However, as an idea, it was conceptualised much earlier when we realised that there's a lack of industry voices, especially when compared with the strong media coverage and powerful lobbying from the Renewable Industry. We felt that the Oil and Gas Industry as a collective do not wield the same influence on mass media and social media, and that could be crucial in terms of businesses sustainabilit

y and factual awareness to societies at large, and that is how we came up with the idea of uniting and voicing our perspectives to the world. We knew that when something untoward happened in our industry, the scale and the implications could be massive, be it loss of personal life and environmental damages, however, the industry has evolved far beyond simply the pursue of profits. The industry has improved much along with the development of technology. A more safety-and-environmental conscious has been distilled in newer generations and HSE has been one of the KPI in most, and if not all companies, from oil companies, to services and contractors. We also felt that there is a lack of social media outreach whereby we could work with societies, businesses and governments at large, in order to understand the industry better.

HMM has ordered new vessels worth KRW 4 trillion, marking a significant investment in its fleet portfolio. The order inc...
16/11/2025

HMM has ordered new vessels worth KRW 4 trillion, marking a significant investment in its fleet portfolio. The order includes a dozen 13,000 TEU sister ships and two VLCCs(Very Large Crude Carriers)

The 13,000 TEU container vessels, all LNG dual-fuelled ships, will be built by HD Hyundai Heavy and Hanwha Ocean.

As decarbonization regulations from the IMO and EU continue to strengthen, LNG is viewed as one of the most readily deployable lower-emission fuels. According to Clarksons Research, alternative fuel vessels made up nearly 50% of all newbuildings ordered in last year, with over 70% powered by LNG.

By adding these new LNG dual-fuelled vessels to its existing portfolio, which already includes methanol-powered containerships and LNG-powered vessels, HMM continues to strengthen its position in sustainable shipping. The new VLCCs will also contribute to diversifying and reinforcing the company’s bulk fleet portfolio.

This move reflects HMM’s 2030 mid-to long-term strategy to secure a more flexible and future-ready fleet amid global market and regulatory shifts.

The Petrobras P-79 FPSO has set sail on November 11, 2025, from Hanwha Ocean’s shipyard in Geoje-Si, South Korea, bound ...
16/11/2025

The Petrobras P-79 FPSO has set sail on November 11, 2025, from Hanwha Ocean’s shipyard in Geoje-Si, South Korea, bound for the Búzios field in the pre-salt Santos Basin.

The unit is being towed with its crew already on board — a strategy that helps accelerate the start of production. The FPSO is expected to arrive at the field in February 2026.

“Bringing the platform fully crewed, as we did with P-78, has proven to be an effective strategy to reduce the time to first oil. This is the eighth of twelve planned units for the Búzios field. We expect to bring first oil two months ahead of the schedule outlined in our Strategic Plan. This achievement reflects the dedication of the entire Petrobras team, supported by strong supplier negotiations, detailed planning, and, above all, disciplined ex*****on,” said Renata Baruzzi, Director of Engineering, Technology and Innovation at Petrobras.

Renata recently visited the Hanwha Ocean shipyard together with Sylvia Anjos, Petrobras’ Director of Exploration and Production, to authorize the FPSO’s departure to the Búzios field.

First oil for P-79 is currently scheduled for August 2026. With the addition of P-79 — and P-78, which is planned to begin production this December — Búzios’ total installed production capacity will increase by approximately 15.6%, reaching around 1.3 million barrels per day.

Located in ultradeep waters of the Santos Basin (with depths reaching 2,100 meters) and 180 km off the coast of Rio de Janeiro state, the Búzios field currently has six FPSOs in operation: P-74, P-75, P-76, P-77, Almirante Barroso, and Almirante Tamandaré. In October, the field surpassed 1 million barrels of oil per day, becoming Petrobras’ highest-producing asset.

The P-79 project consists of 14 wells — eight producers and six WAG injectors (water-alternating-gas). The hull was built at Hanwha Ocean in Geoje-Si, where integration and commissioning were carried out using topside modules constructed in China, Brazil, South Korea, and Indonesia.

Staatsolie Maatschappij Suriname N.V. is pleased to announce that on 11 November 2025 it formally approved the Commercia...
16/11/2025

Staatsolie Maatschappij Suriname N.V. is pleased to announce that on 11 November 2025 it formally approved the Commercial Field associated with the Sloanea-1 gas discovery, located in Block 52 offshore Suriname. This approval constitutes a significant milestone in the advancement of Suriname’s offshore petroleum resources and reaffirms the strong collaboration between Staatsolie and PETRONAS Suriname Exploration & Production B.V. (PETRONAS Suriname).

The Production Sharing Contract (PSC) for Block 52 was executed between Staatsolie and PETRONAS Suriname in 2013. Since that time, three hydrocarbon discoveries have been realized within the block. PETRONAS Suriname serves as the operator with an 80% participating interest, while the remaining 20% is held by Paradise Oil Company (POC), a wholly owned subsidiary of Staatsolie. The Sloanea-1 exploration well, drilled in late 2020, confirmed the presence of a gas-bearing reservoir.

Pursuant to the provisions of the PSC, Staatsolie and PETRONAS Suriname undertook a comprehensive evaluation of monetization options for the Sloanea-1 gas discovery, culminating in the ex*****on of a gas addendum to the PSC. In 2024, PETRONAS Suriname proceeded with the appraisal of the reservoir through the drilling of the Sloanea-2 appraisal well, aimed at determining the reservoir’s areal extent and conducting detailed well testing. The results validated the field’s gas-in-place and recoverable volumes. On 11 November 2025, Staatsolie approved the delineation of the Commercial Field for the Sloanea-1 discovery, thereby confirming its declaration of commerciality. The selected development concept encompasses gas development wells, subsea production infrastructure, and a floating LNG facility—representing the first deployment of such technology in the region.

PETRONAS Suriname will now initiate the preparation and submission of the Development Plan for Staatsolie’s review and approval. Upon approval, the parties will advance toward a Final Investment Decision (FID) for the development. With FID anticipated in the second half of 2026, first gas production is projected for 2030. This achievement marks yet another significant progression aligned with Staatsolie’s vision of Energizing a Bright Future for Suriname.

Norwegian's Energy Giant Equinor has closed the sale of Peregrino field, located offshore Brazil for USD 3.5 Billion. Fo...
15/11/2025

Norwegian's Energy Giant Equinor has closed the sale of Peregrino field, located offshore Brazil for USD 3.5 Billion. Following the sale, PRIO has assumed full operatorship of the field.

The Peregrino field, located in the Campos Basin east of Rio de Janeiro, has been a cornerstone of Equinor’s international portfolio since production began in 2011. Over the years, the field has produced approximately 300 million barrels of oil and has been a significant contributor to Equinor’s growth in Brazil.

Photo above shows the Peregrino C platform in Brazil
Photo: Rodrigo Abreu de Oliveira Santos / Roberto Antunes Kattan - ©Equinor

Meet FPSO Petrobras 78 , Brazil’s newest deepwater production facility, seen here on tow to the prolific Buzios field.Th...
30/10/2025

Meet FPSO Petrobras 78 , Brazil’s newest deepwater production facility, seen here on tow to the prolific Buzios field.

The sailaway ceremony took place in July 2025 at Seatrium Shipyard in Singapore. The FPSO is currently undergoing mooring and riser hook up and testing in preparation for first oil and gas.

The topside features modules weighing an impressive 54,000 MT with an impressive production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per day, and a storage capacity of 2 million barrels of oil.

The P-78 will rank among the largest in the global operating fleet of FPSOs for many years to come.

Woodside Energys Trion Project in the Gulf of Mexico passed a major milestone with a steel-cutting ceremony for the proj...
11/10/2025

Woodside Energys Trion Project in the Gulf of Mexico passed a major milestone with a steel-cutting ceremony for the project’s floating production unit (FPU) at HD Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea.

Celebrations for the milestone were held late last year at HD Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea, following the award of the FPU engineering, procurement and construction contract to HHI in June 2023. Woodside CEO Meg O’Neill and EVP & COO International Daniel Kalms attended the event. They were joined by HHI President & CEO Lee Sang-kyun, Mexico’s Ambassador to Korea Carlos Penafiel Soto and Secretary of Energy Development of the State of Tamaulipas and Representative of the Governor José Ramón Silva.

The Trion field is located in the Gulf of Mexico at a water depth of 2500 m, about 180 km off the Mexican coast, and was discovered by Mexican National Oil Company Pemex in 2012. It is a greenfield development that would represent the first oil production from Mexico’s deepwater.

SBM Offshore celebrated the first steel cut for FSO Chalchi at COSCO SHIPYARD in Qidong, China, marking a significant st...
11/10/2025

SBM Offshore celebrated the first steel cut for FSO Chalchi at COSCO SHIPYARD in Qidong, China, marking a significant step forward in Mexico’s first deepwater development. The FSO’s name, Chalchi, is inspired by Chalchiuhtlicue, the Aztec water deity, symbolizing the project’s strong connection to Mexico’s rich heritage.

This Suezmax-based FSO will feature a Disconnectable Turret Mooring (DTM) system engineered by SBM Offshore and will be moored at the Trion field in 2,300 meters of water and store up to 950,000 barrels of crude oil over its 27-year design life. The milestone marks the official start of construction of the FSO and the beginning of an exciting new chapter for the Trion project.

The Trion project is a joint venture between Woodside Energy (60%, Operator) and Pemex (40%).

The Trion field is located in the Gulf of Mexico at a water depth of 2500 m, about 180 km off the Mexican coast, and was discovered by Mexican National Oil Company PEMEX in 2012. It is a greenfield development that would represent the first oil production from Mexico’s deepwater.

From Innovative Floating Production Systems to the next-gen Ammonia FPSOs, the offshore industry is pushing boundaries t...
30/09/2025

From Innovative Floating Production Systems to the next-gen Ammonia FPSOs, the offshore industry is pushing boundaries to deliver sustainable energy solutions for tomorrow.

🚢 Seatrium – FLEXHull™ 1500K-M, purpose built FPSO
🚢 Yinson – Meridian purpose built FPSO
🚢 SBM Offshore – Ammonia FPSO Technology

These floating giants aren’t just vessels – they’re offshore energy hubs, engineered to drive the global transition toward cleaner and more efficient resources.

Offshore innovation is evolving. The future is floating.

Yinson Production has secured Main Scantling Approval from DNV for its Next-Generation Meridian FPSO Hull Design.The new...
19/09/2025

Yinson Production has secured Main Scantling Approval from DNV for its Next-Generation Meridian FPSO Hull Design.

The newly approved Meridian FPSO hull has been engineered to deliver exceptional performance in challenging offshore environments. It combines low-carbon innovation with high operational adaptability, addressing the increasing demands of deepwater and ultra-deepwater oil and gas projects. With its flexible design and robust processing capacity, the hull is ready for rapid deployment in future projects.

This approval marks a transformative step for Yinson Production, representing its first-ever purpose-built hull design. Building on its strong track record in conversion projects, the company is now positioned to compete for new-build FPSO opportunities. Yinson Production plans to leverage the Meridian hull design to secure projects across key markets in South America and West Africa, further expanding its global footprint.

From BW Opportunity FPSO to FPU Osman Gazi, opening A New Chapter in the Black SeaThe former BW Opportunity FPSO has bee...
15/09/2025

From BW Opportunity FPSO to FPU Osman Gazi, opening A New Chapter in the Black Sea

The former BW Opportunity FPSO has been transformed and re-emerged as FPU Osman Gazi, soon to play a key role in developing the Sakarya gas field in the Black Sea.

Named after Osman I — the founder of the Ottoman Empire — the platform set out on its symbolic journey through the Istanbul Strait on the anniversary of the Conquest of Istanbul. The passage is expected to take around 11 hours before reaching its destination at Filyos Port on June 1.

In a moment that underscored the significance of this milestone, Recep Tayyip Erdoğan spoke directly with the vessel’s captain via phone, then boarded a boat to view the platform up close — continuing the conversation over radio.

“Safe travels,” President Recep Tayyip Erdoğan said. “We’re expecting plenty of gas from Sakarya.”

This marks a major step forward in unlocking the energy potential of the Black Sea.

Sevan Deep Water Technology has presented a new concept for a semi-submersible floating production unit design. This mar...
14/09/2025

Sevan Deep Water Technology has presented a new concept for a semi-submersible floating production unit design. This marks a departure from cylindrical hull which the company has been known for.

By expanding into multiple platform solutions, the company said that they are better positioned to meet the evolving needs of our clients in the energy-related sectors, including both traditional oil and gas and the growing renewable energy market. The Semi FPU is designed for easy scalability and adaptability for multiple projects, ensuring an optimized hull design for all weather conditions and client requirements.

The Gladstone LNG plant is located on Curtis Island approximately five kilometres north of the city of Gladstone, Queens...
13/09/2025

The Gladstone LNG plant is located on Curtis Island approximately five kilometres north of the city of Gladstone, Queensland.

The GLNG is an international joint venture by Santos Ltd, PETRONAS, TotalEnergies and KOGAS.

Construction commenced on the LNG Plant in 2011 with the first cargo in October 2015.

The LNG plant consists of two trains. These trains have a capacity of 7.8 million tonnes per annum, and act like a refrigerator, cooling the natural gas down to -161°C. At this temperature the gas becomes a liquid, at just slightly over atmospheric pressure. Prior to this cooling process, carbon dioxide and water are removed from the natural gas.

Following this process, the liquified natural gas is then pumped into large, insulated storage tanks where it is stored at atmospheric pressure until loading onto large insulated LNG ships for export.

Address

Singapore

Website

Alerts

Be the first to know and let us send you an email when Oil and Gas World posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Oil and Gas World:

Shortcuts

Share

Category