MISC

Just what i wanted to know. Thanks

Brent crude hit past USD90!

Project plan on upright trend? Feel the same for local

If you are their employee, you buy Mercedes oso cheaper, got company subsidies for you. 😂

Be patient. PSCs are going over the inertia to recharge development projects, both green and brownfield projects.

https://www.petronas.com/media/press-releas...ortunities-late

MISC old timers not getting good package like newer staffs (Mostly from SBM / Bumi etc). Those got in 1-2 years ago making good money.
The project was struggling last I heard.

Mero 3 Topsides detailed design by AKER is closing in by March 2022.

AKER is getting ready to carry out similar FPSO Topsides Design project.

This post has been edited by Stamp: Feb 1 2022, 06:22 PM

Oil Production Vessel Explodes Off the Coast of Nigeria

https://www.bloomberg.com/news/articles/202...oast-of-nigeria

An oil production ship exploded off the coast of Nigeria in what may prove to be the nation’s second major environmental setback in three months.

The Trinity Spirit, able to store about 2 million barrels of oil, blew up early Wednesday, Shebah Exploration & Production Co., which has the vessel on lease, said in a statement. The ship can process up to 22,000 barrels a day, according to the company’s website.

While no fatalities have been confirmed, 10 crew were on board the vessel when it exploded, according to Shebah. The company said it is investigating the cause.

The incident puts increasing focus on the oil industry’s environmental legacy in Nigeria. In November, a well operated by independent producer Aiteo Eastern E&P Co. blew, spewing oil and gas into the air and surrounding river for five weeks before it was capped.

As international companies such as Shell Plc sell their remaining onshore and shallow water assets in the country, activists and local communities fear they will retreat without addressing widespread damage allegedly caused by decades of pumping oil.

It’s unclear how much crude was being held on the Trinity Spirit. Data published by Nigeria’s state-owned energy company show no production from Shebah’s permit in 2020 or 2021, while the country’s oil regulator announced in mid-2019 it was revoking the license.

The vessel was still on fire Thursday morning, Idris Musa, director general of the National Oil Spill Detection and Response Agency, said. “From the environment angle, we are putting in efforts to prevent damage beyond the current burning of the contents” of the ship, he said.

Scary. Might be due to poor upkeep as the owner is said to be in receivership.

There's a video here as well:

https://www.upstreamonline.com/safety/fears...ion/2-1-1162716

All companies struggling to complete their project during Covid-19 Pandemik.. However, MERO3 FPSO gonna change their mode from engineering to construction very soon..

MISC package quite similar with Petronas staff package.. Still reasonable..

Also loan house subsidization..

New operator like jadestone energy already started operations on one of ex-newfield (SapuraOMV) assets.

Brazil project have been happening since 2015, it is just when others were slowing down, Brazil was maintaining their offshore project.
That why is seemed to pick up.

To be part of expats in Brazil, knowledge & experience on their oil & gas local authorities requirement is a must! Which resulted most all of them able to speak Portuguese.. Obrigado

This post has been edited by abgkik: Feb 4 2022, 04:19 PM

Brent crude holding steady above USD90; it’s USD92.3 today.

Sapura Leaves Offshore Wind Project Mid-Construction, Cites Delays.

https://www.offshorewind.biz/2022/02/04/sap...n-cites-delays/

Sapura returns Yunlin installation order.

https://ocean-energyresources.com/2022/02/0...allation-order/

https://focusmalaysia.my/is-there-breathing...at-all-corners/

interesting article.

This is the main cause of the issues for the project;
It was scheduled for completion over 16 months by September 2020. However, this was delayed due to technical difficulties from inaccurate subsea soil data provided by the client Yunneng as asserted by Sapura.

Whatever happens to Limbayong?

I bet the bidders finally got fed up with the never ending rounds of bids that got aborted again and again. Preparing a bid for an FPSO job could cost the bidders millions of ringgit and the bid costs are not cost recoverable some more!

Heard MIS* pulled out from bidding the job. As crude price increases, the cost of the project will increase too. The players are wondering what the owner is banking on.

This post has been edited by Stamp: Feb 8 2022, 04:48 PM

Owner is trying to meet their range of budget I think..

Petronas has awarded Kasawari CCUS FEED competition to 2 bidders.
1 in Malaysia and 1 in the Middle east

This post has been edited by ZZMsia: Feb 9 2022, 02:39 PM