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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…
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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.
Seatrium Secures ABS Backing for Deepwater FPSO Design
Seatrium has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its proprietary FLEXHull 1500K-M floating production storage and offloading (FPSO) design. The AiP underscores Seatrium’s ability to deliver advanced solutions for deepwater oil and gas production…
Yinson Production Nets DNV Approval for New FPSO Hull Design
Yinson Production has received Main Scantling Approval (MSA) from classification society DNV for its Meridian purpose-built floating production, storage and offloading (FPSO) hull design. The newly approved Meridian FPSO hull is designed to perform in challenging offshore environments.
PRIO to Start Wahoo FPSO Subsea Works, First Oil March-April 2026
Brazilian oil and gas firm PRIO has secured the installation license from the Brazilian Institute of the Environment and Natural Renewable Resources (Ibama) for the Wahoo field production development system and interconnection of the wells to the Frade floating production…
Jotun FPSO Reaches Peak Production Ahead of Schedule
Norwegian oil and gas company Vår Energi has informed that the Jotun floating production, storage and offloading (FPSO) unit, deployed at the Balder field in the North Sea, reached peak production ahead of schedule. The Jotun FPSO is now producing…
UK's Serica Energy Trims 2025 Production Outlook
Britain's Serica Energy cut its 2025 production outlook on Wednesday, after a hit from a temporary slowdown in output at the Triton floating production storage and offloading vessel, sending its shares down nearly 14%. Serica said production…
MODEC Finds Partner for FPSO and Maritime Projects in Africa
MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) projects as well as other maritime infrastructure projects in Africa.
Carlyle to buy Altera Infrastructure’s FPSO Business
Altera Infrastructure has entered into an agreement to sell its entire floating production, storage and offloading (FPSO) business to global investment firm Carlyle. The acquired business includes Altera’s full FPSO portfolio, the floating storage…