Built by a joint venture between South Korea’s Hanwha Ocean and Italy’s Saipem at the Geoje shipyard, the P-79 will be the ...

Tullow Oil PLC (LSE:TLW) has agreed to acquire the FPSO (floating production, storage and offloading vessel) used at Ghana’s TEN fields for $205 million, a move it says will remove annual lease costs ...

The global Floating Production Storage and Offloading (FPSO) market, valued at $23.04 billion in 2023, is projected to reach $33.32 billion by 2029, growing at a CAGR of 6.34%. Growth is driven by ...

Schiedam, Netherlands-headquartered Jumbo Offshore has completed mooring pre-installation activities for the FPSO Errea Wittu ...

SBM Offshore will manage operations and maintenance until 2035.

Errea Wittu FPSO was built for ExxonMobil to produce from field in prolific Stabroek block For ads that aren’t personalized, ...

MISC Group said its joint venture company, Vietnam Offshore Floating Terminal (Ruby) Ltd (VOFT), has secured a contract for ...

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s ...

Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras ...

Shell resumes production at Penguins field with new FPSO, its first North Sea facility in more than 20 years. Penguins field targets peak output of 45,000 boe/d, with 100M boe in estimated recoverable ...

Petrobras has achieved the highest daily production rate ever recorded by one of its platforms, with the FPSO Almirante Tamandaré reaching 225,000 barrels per day (bpd) on August 14 — three months ...