Results boost for Bumi Armada after Kraken issues resolved
Bumi Armada posted an uptick in profit and revenues for the third quarter, having resolved issues which took its Kraken FPSO offline during the summer.
Bumi Armada
Bumi Armada signs up to Indonesian FLNG plan
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
Bumi Armada profits dip on production issues at Kraken FPSO
Major production issues at the North Sea Kraken FPSO have hit vessel owner Bumi Armada in the group's pocket.
Kraken production returns to ‘pre-shutdown levels’ after overhaul
Work to overhaul transformers on board the Kraken FPSO has restored production levels, according to an update from vessel operator Bumi Armada.
The Kraken Wakes! North Sea FPSO returns to production following shut down
The Kraken FPSO is back to around 90% production following a hydraulic pump failure that caused work to stop earlier this year.
HSE to ‘look into’ incident on the Kraken FPSO
The Health and Safety Executive (HSE) has said it is looking into the recent hydraulic pump failure on the Kraken vessel that caused production to stop.
North Sea FPSO offline after critical equipment failure
Bumi Armada confirmed that production at the Kraken FPSO has been shut in following a hydraulic pump failure.
Bumi Armada revenue falls, cuts leverage
At the end of the quarter, Bumi Armada’s order book was 11.1 billion ringgits ($2.39bn). It has options for another 9.3bn ($2.01bn).
HSE flags lack of barriers to ‘major accident’ on Kraken FPSO
A vessel owner has been ordered to up its game after a raft of issues related to the monitoring and managing of alarms were uncovered on a North Sea ship.
Strong showing from Kraken boosts Bumi Armada profits
Profits at Bumi Armada jumped last year thanks to a strong showing from its Armada Kraken FPSO in the North Sea.
Texo pioneers unmanned inspection method on North Sea FPSO
Texo Group’s sister company Texo DSI has successfully pioneered a new unmanned inspection method on a major UK North Sea FPSO, delivering significant safety, time and cost saving benefits.
No more FPSO orders in 2020
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Bumi Armada eyes vessel sales after refinancing
Malaysia’s Bumi Armada has announced plans to sell certain “idle” floating production vessels after a major debt restructuring programme.
Bumi Armada blames loss on Kraken ‘difficulties’, announces new CEO
Malaysia’s Bumi Armada has sunk to a £426million pre-tax loss which it largely blamed on impairment charges for the Kraken FPSO in the North Sea.
Kraken sinks Armada’s results
Malaysia’s Bumi Armada fell to a second quarter loss due to charges relating to the Kraken FPSO.
Kraken FPSO completes first oil offload in North Sea, fastest in decade
The vessel on EnQuest’s Kraken field in the North Sea has made its first oil cargo delivery in what is thought to be fastest operation of its kind in the past decade.
Bumi suspends contracts with Erin Energy in Nigeria
Malaysia-based offshore energy facilities and services provider Bumi Armada has suspended its operations and maintenance contracts with Erin Energy at the Oyo oil field offshore Nigeria.
Keppel on track to deliver North Sea Kraken FPSO
Keppel Offshore & Marine said it is on track to deliver a Floating Production Storage and Offloading (FPSO) veseel to Armada Kraken.