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Triton FPSO Set for End of June Production Restart as Repair Ops Wrap Up
U.K.-based oil firm Serica Energy has completed the repairs on Triton floating production storage and offloading (FPSO) unit, with the production scheduled to resume end of June, after the annual maintenance program. Repairs on the Triton FPSO in the North Sea have been ongoing…
Subsea7 Secures Subsea Job for FPSO off West Africa
Subsea 7 has secured of a subsea contract in West Africa, worth up to $150 million. Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production…
BW Energy’s Gabon Unit Takes Over O&M Tasks for BW Adolo FPSO
BW Offshore and BW Energy have announced that operations and maintenance (O&M) of the floating, production, storage and offloading (FPSO) vessel BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon. Under an amended bareboat charter…
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Karoon Energy Completes Acquisition of FPSO Operating off Brazil
Karoon Energy's wholly owned Brazilian subsidiary, Karoon Petróleo & Gás, has completed the acquisition of the Cidade de Itajaí floating production, storage and offloading vessel (FPSO), operating at Baúna field, offshore Brazil. The FPSO was acquired from Altera & Ocyan (A&O)…
SBM Offshore Reports 27% Revenue Rise, Driven by FPSO Unit
Dutch oil and gas services firm SBM Offshore reported a 27% rise in its first-quarter revenue on Thursday, boosted by strong performance across all its segments, particularly in its turnkey unit. The Amsterdam-listed firm, which provides floating production services to the offshore energy industry…
Agogo FPSO to Reach Azule Energy’s Field off Angola in Mid-May (Photos)
One of the world’s most advanced offshore production assets, the Agogo floating production storage and offloading (FPSO) vessel, operated by Yinson Production for Azule Energy, made a scheduled technical stop at Walvis Bay in Namibia, while en route to a field offshore Angola.
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.