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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Production Start at Verdande Field to Extend Norne FPSO Life Beyond 2030
Equinor has started production from the Verdande subsea field in the Norwegian Sea, a development that is expected to keep the Norne floating production, storage and offloading (FPSO) producing beyond 2030. The field, which holds an estimated 36 million barrels of oil…
Vår Energi Makes Oil Find Near Goliat Field in Barents Sea
Vår Energi has confirmed an oil discovery in the Goliat North exploration well, located close to its operated Goliat field in the Barents Sea. The exploration well located five kilometers north of the Goliat field encountered hydrocarbons in the Realgrunnen and Kobbe formations.
Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects
Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project, off Timor-Leste.
Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria
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 Okwok field. The FPSO, converted from double-hulled tanker…
TotalEnergies Exits Nigeria's Deepwater Field as Eni and Shell Boost Stakes
TotalEnergies has completed the divestment of its non-operated interest in the Bonga deepwater field offshore Nigeria, selling its share to Shell Nigeria Exploration and Production Company (SNEPCo) and Eni. SNEPCo, a subsidiary of Shell, completed…
DeepOcean Rounding Up Gryphon Alpha FPSO Decom Job
Ocean services provider DeepOcean is nearing completion of a contract awarded by TotalEnergies for the disconnection and tow of the Gryphon Alpha floating production, storage and offloading (FPSO) unit, as well as the removal of associated subsea infrastructure.
Seatrium Picks Sulzer’s Equipment for Petrobras’ FPSOs
Swiss-based equipment supplier Sulzer has secured an order to supply multiple water injection packages to Seatrium for Petrobras’ next generation P-84 and P-85 floating production storage and offloading (FPSO) vessels. To support the construction of both vessels…
Yellowtail Ramp-Up Brings Guyana’s Offshore Output to New Heights
ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily. The achievement…
Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales. The group’s net…
SBM Offshore Ups 2025 Profit Outlook
Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved. The Amsterdam-listed company reported a 26% increase in its…
Petrobras’ New FPSO Sets Sail From South Korea to Brazil's Santos Basin
Petrobras’ P-79 floating production, storage and offloading (FPSO) unit has departed South Korea’s Hanwha Ocean shipyard bound for Brazil’s Búzios field, where it will add 180,000 barrels-per-day production capacity by 2026. The P-79 set sail on November 11 from Hanwha Ocean shipyard in Geoje-Si.
MODEC Selects TMC Compressors for Brazil’s Gato do Mato FPSO
Norway’s TMC Compressors said it has secured a contract to deliver a large-capacity marine compressed air system to MODEC’s new floating production, storage and offloading (FPSO) vessel, Gato do Mato, bound for Brazil. TMC will supply compressors to provide control and service air aboard the vessel…
Brazil: Petrobras Hits Record FPSO Output of 270,000 bpd at Búzios Field
Brazilian state-run oil company Petrobras has reached a milestone with the Almirante Tamandaré floating production, storage and offloading (FPSO) unit, operating in the Búzios field in the pre-salt Santos Basin, with record production rate of 270…
Triton FPSO in North Sea Back in Production Mode
U.K.-based oil and gas firm Serica Energy has informed the Triton floating production, storage and offloading (FPSO) has been put back into production after it was shut down due to some technical issues encountered late in September. The production from the Triton FPSO…
Equinor Starts Production at Bacalhau Field Offshore Brazil
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe). Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2,000 meters.
Santos Trims 2025 Output Target as BW Opal FPSO Faces Technical Issues
Australia's Santos narrowed its annual output forecast for a second time this year on Thursday after a technical issue delayed the ramp-up of its key Barossa oil and gas project and inclement weather hampered recovery at its Cooper Basin project. The country's no.
Serica Energy Cuts Production Outlook Once More as Triton FPSO Goes Offline
U.K.-based oil and gas firm Serica Energy has decreased its annual production forecast following the temporary suspension of operations at Triton floating production, storage and offloading (FPSO) unit due to technical issues. Serica Energy informed that he production from the Triton FPSO…
Shell’s Brazil-Bound FPSO Starts Taking Shape
MODEC has held a steel strike ceremony for the part of Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking…
AI Push: SBM Offshore to Rolls Out Cognite Platform Fleet-Wide in Brazil
SBM Offshore, an FPSO solutions specialist, and Cognite, an industrial AI company, have announced an acceleration of their strategic partnership to deploy Cognite’s data and AI platform across SBM Offshore’s entire Brazilian fleet. The initiative…
MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead
MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil.