FPSO Ningaloo Vision left Singapore?and is now en route to Australia, where she is expected to arrive towards the end of December. The sail-away was postponed from late November due to technical challenges on one of the top-side packages.

FPSO Ningaloo Vision is employed by Apache for production at the Van Gogh field off the Northwestern coast of Australia. The contract has a fixed term of seven years plus eight years of extension options.

About Prosafe Production
Prosafe Production is a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of operational experience from several of the world’s largest oil and gas provinces. The company has a good operational uptime track record and possesses a range of proprietary FPSO-related technologies. Prosafe Production operates globally and employs approximately 1,000 employees from more than 40 countries. Headquartered in Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD.

Source: Prosafe Production

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• Prosafe sees the demand to improve in 2010

    Norwegian offshore oil services provider Prosafe Production said yesterday that it expected few new contracts this year and an improvement in demand for floating production vessels next year. Prosafe Production, which has a fleet of floating production, storage and offloading (FPSO) vessels, reported operating profit of US$28 million in the second quarter,

• Hoegh LNG and Prosafe Production Team for the LNG FPSO segment

    Hoegh LNG and Prosafe Production have today executed an MOU for the long term cooperation within the LNG FPSO segment.

• To provide Ezra JV in oil production vessel in Vietnam

    Marine services provider Ezra Holdings is partnering three other firms to establish a joint venture (JV) company. The JV company will supply a Floating Production, Storage and Offloading (FPSO) vessel and related services to Premier Oil for its Chim Sao project in Vietnam

• Saipem wins new offshore contract worth around 1 billion euros for the conversion and operation of an FPSO vessel

     Saipem has been awarded a contract for the supply and operation of a FPSO vessel (Floating Production Storage and Offloading) worth approximately 1 billion euro(1).? The contract, awarded by Eni, encompasses the conversion of a wholly owned oil tanker into a FPSO vessel, for which Saipem will provide the installation and

• Tap Oil provides update Woollybutt Dry Docking

     Work is now nearing completion on a scheduled and budgeted dry dock of the Woollybutt FPSO with the estimated departure date from Singapore being 04 January 2010. In addition to the dry dock activities, the owners of the vessel have taken this opportunity to rename the Four Vanguard to the

• Research and Markets: Floating Production Market Report: Focus on FPSO

     Research and Markets (http://www.researchandmarkets.com/research/aae01e/floating_productio) has announced the addition of the ‘Floating Production Market Report: Focus on FPSOs‘ report to their offering. FPSOs or floating production, storage and offloading systems offer many advantages over fixed platforms, the primary one being the facility to offload these structures and

• The official christening of the FPSO BW Pioneer was held in Singapore on 26 October

     The official naming ceremony of FPSO BW Pioneer took place in Singapore today, 26 October, in the presence of approximately 250 guests, including top managements from Petrobras, Keppel Shipyard and BW Offshore. BW Offshore was selected by Petrobras America Inc in 2007 for the conversion, installation and operation of an

• Samsung Heavy signs deal with Shell to build LNG plants

     Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage facilities worth up to US$50 billion to Royal Dutch Shell for the next 15 years. The company said Wednesday that an agreement has been signed with Netherlands-based Shell, the largest energy company in Europe, naming Samsung Heavy and

• Teekay Offshore Partners Signs $ 260 million Petrojarl Varg FPSO Facility

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced yesterday that it has signed a $260 million revolving credit facility secured by the Petrojarl Varg Floating Production Storage and Offloading unit (Petrojarl Varg FPSO) which was recently acquired from Teekay Corporation (Teekay) .

• BW Offshore market sees the improvement, back contracts

    The official naming ceremony of FPSO BW Pioneer took place in Singapore today, 26 October, in the presence of approximately 250 guests, including top managements from Petrobras, Keppel Shipyard and BW Offshore. BW Offshore was selected by Petrobras America Inc in 2007 for the conversion, installation and operation of an

• Inert Gas Systems highlight FPSO offshore Hamworthy expansion

    Four new FPSOs entering service with French super-major TOTAL feature Hamworthy Moss inert gas systems. Each vessel has a storage capacity of 2 million barrels; two of them will be based offshore Angola and the other two in Nigeria

• EOC signs cooperation agreement with PetroVietnam Transportation

    EOC has signed a co-operative agreement with PetroVietnam Transportation, a subsidiary of the national oil and gas group in Vietnam, PetroVietnam, to incorporate a joint venture which will be equally owned through their respective subsidiaries.

• Keppel, Ezra and PetroVietnam in joint venture

    Keppel Offshore and Marine, Ezra Holdings, EOC Ltd and PetroVietnam Transportation have formed a joint venture to own and operate a floating production and storage offshore vessel in Vietnam. The joint venture, PV Keez, will supply an FPSO for the $1bn contract for Premier Oil’s Chim Sao project.

• Norways Sevan Marine wins Goliat FPSO lot of Eni

    Norwegian company Sevan Marine ASA said Friday it signed a cooperation contract with Eni Norge for the development of the floating production, storage and offloading (FPSO) unit at the Goliat field where Eni is operator. No financial details were available.

• Keppel Shipyard completed on the way to the first FPSO for U.S. Gulf of Mexico

     Keppel Shipyard Limited (Keppel Shipyard) is on track to deliver the first floating production storage and offloading (FPSO) vessel for the US Gulf of Mexico (GoM) to BW Pioneer Ltd, an affiliate of BW Offshore. Named today at Keppel Shipyard, the vessel BW Pioneer will be turret moored at a