Floating Liquefaction and Regasification Report And Online Database
- Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
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SBM Offshore Gets ABS Approval for NearZero FPSO Design
American Bureau of Shipping (ABS) has issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit. The NearZero FPSO design incorporates low carbon technologies that collectively…
ABS, Akselos Deepen FPSO Digital Twin Tech Collaboration
American Bureau of Shipping (ABS) and Akselos have completed the technical assessment for structural digital twin technology, marking an advancement in the application of the solution for Floating Production Storage and Offloading (FPSO) units.
BW Energy Takes FID for Maromba Field Offshore Brazil
BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit.
Equinor Sells Peregrino Field to Brazilian Oil and Gas Firm for $3.5B
Equinor Brasil Energia, a subsidiary of Equinor, has entered into agreements with Brazilian company Prio Tigris, a subsidiary of PRIO, for the sale of its 60% operated interest in the Peregrino field, offshore Brazil. PRIO, Brazil’s largest independent oil and gas company…
MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract
MODEC has been awarded a contract by ExxonMobil Guyana to develop an FPSO for the Hammerhead project. The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along with associated gas and water. It will be moored at a water depth of approximately 1…
Guyana’s Fourth FPSO Ready for Installation
A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday. The floating production storage and offloading (FPSO) facility 'One Guyana…
MHI, SBM to Study Application of CO2 Capture Modules for Petrobras’ FPSOs
Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, the subsidiary of SBM Offshore, have agreed to conduct a study for the application of CO2 capture modules on future floating production storage and offloading vessels (FPSOs) for Petrobras.
Brava Energia Connects Two More Wells to Atlanta FPSO
Brazilian oil and gas company Brava Energia has started production from two more wells at Atlanta field offshore Brazil, with the floating, production storage, and offloading (FPSO) unit now producing through four wells. Both wells, 4H and 5H…
BW Energy Takes FID for Golfinho Boost Project off Brazil
BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil.
SBM Offshore Inks $400M Refinancing Deal for FPSO Cidade de Paraty
SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years. The transaction is expected to be completed before the end of April 2025…
BW Energy Gets Golfinho Production Extension Off Brazil Until 2042
Oil and gas company BW Energy has been granted extension to the Golfinho license production phase to 2042 by the Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031…
Serica Energy Lowers 2025 Output Forecast Due to Triton FPSO Issues
British oil and gas group Serica Energy lowered its outlook for 2025 total production on Tuesday, pressured by production delays at its Triton floating production storage and offloading unit in the North Sea. Serica has increased production through acquisitions and investments in recent years…
Equinor Brings Norway’s Northernmost Field On Stream (Video)
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter. The Arctic field came online on March 31, at 10.35 local time. Expected to be in production for 30 years, Johan Castberg can produce 220…
BW Offshore Concludes Sale of FPSO BW Pioneer to Murphy Oil
BW Offshore has closed the sale of the floating production, storage, and offloading (FPSO) BW Pioneer to a subsidiary of Murphy Oil Corporation for $125 million. Following the close of the transaction, BW Offshore has received the initial payment of $100 million.
MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job
MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement…
Shell Makes FID for Deepwater Gato do Mato Project off Brazil
Shell Brasil Petróleo, a subsidiary of Shell, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater oil and gas project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake)…
V.Ships to Ensure Smooth Sail of Petrojarl I FPSO to Amplus Energy
Amplus Energy Services has entered into a strategic partnership with V.Ships Offshore to oversee the transition of the Petrojarl I, a newly acquired floating production storage and offloading (FPSO) vessel. In February, Amplus finalised the…
BW Offshore, Murphy Oil Agree Short-Term Extension for BW Pioneer FPSO
BW Offshore has signed a short-term extension agreement with a subsidiary of Murphy Oil Corporation, agreeing more time for the completion of sale of the floating production, storage, and offloading (FPSO) BW Pioneer. BW Offshore has signed a short-term extension agreement…
DOF Hooks FPSO Installation Job Off Africa
Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa. DOF will deliver project management, engineering, logistical services and offshore execution.
Brava Energia, Shell Agree Oil Sale from Atlanta Field
Brazilian oil and gas firm Brava Energia has signed a contract with Shell Western Supply and Trading, Shell’s subsidiary, for the sale of oil from the Atlanta field, offshore Brazil. Brava Energia said the contract provides for flexible conditions…