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Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs
Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday. The contract for the FPSOs is set to be signed soon, the executive added.
Karoon Restarts Production at Brazilan Field After FPSO Overhaul
Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit. The company said production has ramped up to approximately 11…
DeepOcean Lines Up North Sea FPSO Decom Job
Ocean services provider DeepOcean has been engaged to support the subsea decommissioning and disconnection of an undisclosed floating production, storage and offloading (FPSO) unit currently located in the U.K. sector of the North Sea. DeepOcean’s…
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Sea Lion Partners Eye Major Offshore Expansion with Second FPSO
Rockhopper Exploration has informed that the operator Navitas Petroleum is studying an accelerated expansion of the Sea Lion offshore oil development north of the Falkland Islands after signing a memorandum of understanding for a second floating production, storage and offloading vessel (FPSO).
Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept
Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret mooring system. The FPSO concept is aimed at offshore developments in demanding metocean conditions…
BW Offshore Secures Long-Term BW Catcher FPSO Extension
BW Offshore has agreed with the Catcher field partners to amend the contract for its BW Catcher floating production storage and offloading (FPSO) unit, extending the agreement through December 31, 2030, plus or minus six months. The revised agreement replaces the previous structure…
BW Offshore, Equinor Move Forward on Bay du Nord FPSO
BW Offshore has signed a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada. The agreement follows BW Offshore’s selection as preferred bidder for the floating…
Deepwater’s Playbook for Delivering Growth
Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global…
Vaalco Reports Strong Gabon Well Results, Baobab FPSO Restart On Track
Vaalco Energy has achieved strong initial results from a development well offshore Gabon and remains on track to restart production at its Baobab field in Côte d’Ivoire in the second quarter of 2026. The company said the Etame 14H well has been drilled…
Petrobras Makes FID for Brazil’s Deepwater Scheme, Picks SBM Offshore for FPSOs
Petrobras has made the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, advancing development of the Sergipe Deepwater (SEAP) project, a new oil and gas frontier in Brazil. The approval follows the sanctioning of the SEAP II module in December 2025…
Energean Power FPSO Comes Back Online off Israel
Energean has restarted production from its Energean Power floating production, storage and offloading (FPSO) unit offshore Israel, which returned to normal levels within 48 hours following regulatory approval. The company said it received notice…
Israel Orders Restart of Ops at Karish Offshore Gas Platform
Israel's energy ministry said on Thursday that it had instructed Energean to begin resuming operations at the Karish natural gas platform off Israel's Mediterranean coast following the U.S. ceasefire with Iran. The platform has been closed since February 28…
Offshore CCS Moves to Reality with Agogo FPSO Pilot
Yinson Production has started operating a pilot carbon capture and storage (CCS) unit on the Agogo floating production, storage and offloading (FPSO) vessel offshore Angola, which is deemed the world’s first post-combustion CO2 capture plant installed on an offshore facility.
PRIO Brings Second Wahoo Well Online off Brazil
Brazilian independent oil and gas firm PRIO has brought a second producing well online at its Wahoo field offshore Brazil, with output stabilizing at 12,000 barrels of oil per day. The company said additional wells are scheduled to come online…
ExxonMobil Picks SBM Offshore for Guyana FPSO FEED Work
SBM Offshore has secured contracts from ExxonMobil Guyana to carry out front-end engineering and design (FEED) studies for a floating production, storage and offloading (FPSO) vessel for the Longtail development offshore Guyana. The FEED award…
ABL Gets Work on ExxonMobil’s Seventh Guyana Oil Project
Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana. The Hammerhead project is expected to be the seventh development in the Stabroek Block…
Petrobras’ P-78 FPSO Achieves Gas Injection Milestone in Búzios Field
The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025. The milestone, achieved on March 2, 2026, marks the transition…
TotalEnergies, Repsol and Shell Bring Lapa South-West Online off Brazil
TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. Located approximately 300 km offshore, the project consists of three wells tied back to the existing Lapa floating production…
PRIO Secures Final License to Start Production at Brazilian Offshore Field
Brazilian independent oil and gas firm PRIO has secured the operating license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for the Wahoo pre-salt field in Campos Basin, offshore Brazil. With the issuance of the operating license…
Petronas Picks OceanSTAR Elite FPSO for Asian Oil and Gas Project
OceanSTAR Engineering, a subsidiary of OceanSTAR Elite, has entered into a long-term contract with Petronas for the provision of lease, operation and maintenance of a floating production storage and offloading (FPSO) unit supporting the Sepat…
Tullow Acquires Ghana’s TEN FPSO, Secures Long-Term License Extension
Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading vessel (FPSO) Prof. John Evans Atta Mills for $205 million, as Ghana ratified extensions to key petroleum agreements covering the Jubilee and TEN fields.