Bw Group News


BW Offshore Sells FPSO Joko Tole

Jun 03, 2022

FPSO leasing company BW Offshore has completed the sale of the FPSO BW Joko Tole.The FPSO was sold to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia…

BW Ideol Inks Deal with EDF, Maple Power for Floating Wind Project in Mediterranean

May 23, 2022

BW Ideol, a company that builds foundations for floating wind farms, has signed an agreement with the EDF Renouvelables and Maple Power consortium to cooperate on the design of floating foundations for the AO6 floating offshore wind tender in the French section of the Mediterranean Sea…

Green Light for 30MW Floating Wind Farm Pilot in French Mediterranean

May 05, 2022

The EolMed consortium comprising Qair, TotalEnergies, and BW Ideol, has reached a final investment decision for its 30MW offshore floating wind development in France, BW Ideol said in a brief statement on Thursday.BW Ideol, a company making foundations for floating wind turbines…

BW Offshore Says Fatal Incident in Indian Yard Not Related to Its FPSOs

Apr 27, 2022

Oslo-listed FPSO leasing company BW Offshore said Wednesday a fatal incident had occurred in the Priya Blue shipyard in India, but that it was not related to ongoing recycling of former BW Offshore FPSOs at the yard.BW Offshore said in February…

BW Offshore Sells Laid Up FPSO for $50 Million

Apr 22, 2022

Oslo-listed FPSO leasing company BW Offshore has agreed to sell its laid-up FPSO Polvo to BW Energy for $50 million. BW Energy will redeploy the FPSO in Brazil.The transaction is expected to be concluded by July 24, 2023, at the latest. If the transaction is completed before the said date…

BW Offshore Gets One-year Contract Extension for FPSO BW Joko Tole

Mar 02, 2022

Oslo-listed FPSO leasing firm BW Offshore said Wednesday it had received a one-year contract extension for the lease andoperation of the FPSO BW Joko Tole. BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia for Kangean Energy Indonesia…

BW Offshore Records Impairment on 6 FPSOs Book Value as Prospects Bleak for Extensions, Redeployment

Feb 14, 2022

FPSO leasing company BW Offshore has decided to record an impairment to the book value of the FPSOs BW Athena, Espoir Ivoirien, Sendje Berge, Petróleo Nautipa and Umuroa amounting to $66.6 million in the fourth quarter of 2021 as well as $23…

BW Offshore to Recycle FPSO BW Cidade de São Vicente

Feb 09, 2022

FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente.The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention…

BW Offshore Sells BW Joko Tole FPSO

Jan 24, 2022

Oslo-listed FPSO owner BW Offshore has agreed to sell the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia…

BW Ideol, Jera, ADEME Pen Investment Deal for Floating Wind Projects

Jan 05, 2022

BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects…

BW Ideol's Floating Wind Pilot Project in California Makes Progress

Nov 04, 2021

Floating wind technology developer BW Ideol said Thursday that its planned offshore floating wind pilot project in California had progressed to the environmental assessment stage.The company said this was the next milestone in a permitting process…

BW Energy to Buy Aquadrill's Drilling Rig and Convert It into Production Floater

Oct 25, 2021

Oslo-listed oil and gas company BW Energy has agreed to buy the semi-submersible drilling rig 'Leo', from Aquadrill, a Seadrill affiliate, to use as a production unit for offshore field development in Namibia.Leo (ex-West Leo) is a 6th generation…

BW Energy Completes Two Production Wells Offshore Gabon

Oct 20, 2021

Oslo-listed oil and gas company BW Energy has brought online the Gamba well DTM-7H as part of the Tortue Phase 2 field development in Gabon. The final well, DTM-6H, in the Dentale formation, is scheduled to come onstream in the coming days. Current…

BW Energy Gets Hold of Two Offshore Blocks in Gabon

Oct 11, 2021

Oil and gas company BW Energy has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round in Gabon.The award by the Direction Generale des Hydrocarbures (DGH) in Gabon is subject to finalizing the production sharing contracts (PSC) with the DGH…

BW Energy: No Formal Decision on Petrobras' Assets Buy

Sep 27, 2021

Oslo-listed oil and gas company BW Energy, responding to press speculation, said Monday it had not made any formal decision to buy any of Brazil-based Petrobras' assets.BW Energy said it had noted the press speculation regarding the possibility of BW Energy acquiring the Golfinho field in Brazil…

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