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ExxonMobil Takes Ownership of FPSO Prosperity.jpg

ExxonMobil Takes Ownership of FPSO Prosperity

ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block. ExxonMobil, through its affiliate ExxonMobil Guyana…

Largest FPSO to Operate Offshore Brazil Arrives to Its Destination.jpg

Largest FPSO to Operate Offshore Brazil Arrives to Its Destination

The floating production, storage, and offloading (FPSO) unit Almirante Tamandaré, built by SBM Offshore, has arrived to Brazil ahead of installation at Petrobras’ Búzios field in the Santos Basin. The Almirante Tamandaré FPSO has been built with the capacity to produce 225…

Second Oil Train for Energean Power FPSO Completes Lift-Off (Video).jpg

Second Oil Train for Energean Power FPSO Completes Lift-Off (Video)

Oil and gas company Energean has lifted the second oil train for its floating production, storage, and offloading (FPSO) unit operating in the Mediterranean Sea, offshore Israel. The post-lift, installation and commissioning activities are expected to take up to six months to complete…

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Triton FPSO Outage Prompts Serica Energy to Reduce Production Outlook.jpg

Triton FPSO Outage Prompts Serica Energy to Reduce Production Outlook

UK-based oil firm Serica Energy has slightly decreased its production forecast for 2024, following the outage at its Triton floating production, storage, and offloading (FPSO) unit  in the North Sea. Serica Energy plc said the production via…

Chinese Firm Takes Minority Share from SBM Offshore in Mero Field FPSO.jpg

Chinese Firm Takes Minority Share from SBM Offshore in Mero Field FPSO

SBM Offshore has completed the divestment of a 13.5% ownership interest in FPSO Sepetiba, deployed at Petrobras’ Mero field offshore Brazil, to China Merchants Financial Leasing (Hong Kong) Holding Co (CMFL). SBM Offshore is operator of the…

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery.jpg

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million. Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…

Maria Quitéria FPSO Starts Operating at Petrobras’ Jubarte Field Off Brazil.jpg

Maria Quitéria FPSO Starts Operating at Petrobras’ Jubarte Field Off Brazil

The floating production storage and offloading (FPSO) Maria Quitéria, built by Malaysian FPSO supplier Yinson, has started operating at Petrobras’ Jubarte field in Campos Basin offshore Brazil. The FPSO unit has the capacity to produce up to…

SNOW Oct 9 2024.jpg

Tanker Vessels Flock to Guyana as Oil Exports Soar 58%

“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.

ABS Gives Blessing to SHI’s Ammonia FPSO Design.jpg

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

American Bureau of Shipping (ABS) has issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its new design of an ammonia floating production storage and offloading (FPSO) unit. Called Samsung Ammonia Blue, the concept features…

TotalEnergies Makes FID for GranMorgu Development Offshore Suriname.jpeg

TotalEnergies Greenlights $10.5B GranMorgu Oil Development Offshore Suriname

TotalEnergies has made the final investment decision (FID) for the GranMorgu development in Block 58 offshore Suriname, which includes Sapakara and Krabdagu oil discoveries. The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries…

Suncor Pleads Guilty to Charges for 2019 Terra Nova FPSO Injury Incident.jpg

Suncor Pleads Guilty to Charges for 2019 Terra Nova FPSO Injury Incident

Canada’s oil and gas producer Suncor Energy has pleaded guilty to the charges from the incident that took place in 2019, when a worker was injured following a fall from a ladder while conducting gas testing onboard the Terra Nova FPSO, in the Canada-Newfoundland and Labrador Offshore Area.

McDermott, BW Offshore Team Up for Blue Ammonia Production on FPSOs.jpeg

McDermott, BW Offshore Team Up for Blue Ammonia Production on FPSOs

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility. The strategic partnership…

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video).jpg

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

Dutch FPSO leasing specialist SBM Offshore has completed the final module lifts at Seatrium’s shipyard in Singapore for a floating production, storage, and offloading (FPSO) unit ONE Guyana, which is scheduled for departure to ExxonMobil’s Yellowtail field offshore Guyana in early 2025.

Johan Castberg FPSO Anchors at Barents Sea Field.jpg

Johan Castberg FPSO Anchors at Barents Sea Field

Equinor, the operator of the Johan Castberg field, has anchored the floating production, storage and offloading vessel (FPSO) unit at the field in in the Barents Sea, which is expected to start producing at the end of 2024. The hook-up of the FPSO to the subsea facilities…

Brazil Authorities Issue Operating License for Atlanta FPSO.jpg

Brazil Authorities Issue Operating License for Atlanta FPSO

Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil.

Seatirum Hires KBR on Topsides Job for FPSOs Set for Work at Petrobras Brazil Fields.jpg

Seatrium Hires KBR on Topsides Job for FPSOs Bound for Petrobras Brazil Fields

U.S.-based engineering and construction giant KBR has been hired by Seatrium to develop topsides facilities for two floating production storage and offloading (FPSO) units, being designed for Petrobras’ Atapu and Sepia fields in the Santos Basin, offshore Brazil.

SBM Offshore and MISC Berhad Ink Share Purchase Deals for Two FPSOs.jpg

SBM Offshore and MISC Berhad Ink Share Purchase Deals for Two FPSOs

SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units. Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest…

MODEC AUGUST 20.jpg

MOL Increases Stake in MODEC

Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate.

shenandoahphoto copy.jpg

GOM Floating Production Vessel gets Award-Winning Mooring Tech

Bardex  completed its phase of floating production system (FPS) for the Shenandoah project: delivering its Off Vessel Tensioning (OVT) BarLatch mooring system . When installed, the FPS will be located in the deepwater Gulf of Mexico at more than 1800 m water depth.

BP and Golar LNG Settle Cash Disputes for FLNG Gimi.jpg

BP and Golar LNG Settle Cash Disputes for FLNG Gimi

BP and Golar LNG have reached a commercial reset agreement for the floating liquefied natural gas (FLNG) vessel Gimi, a core component of BP’s the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal. The Gimi FLNG vessel art of the GTA Phase 1 development…

Giant FPSO Almirante Tamandaré Sets Sail for Petrobras’ Brazil Field (Video).jpeg

Giant FPSO Almirante Tamandaré Sets Sail for Petrobras’ Brazil Field (Video)

The floating production, storage, and offloading (FPSO) Almirante Tamandaré, which is set to be the largest to ever operate in Brazilian waters, has started its journey from China to serve Petrobras in the Santos Basin. The FPSO started its…

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