FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies ...

Exxon Mobil Corporation XOM, the U.S.-based oil and gas major, announced the start of production at the Yellowtail development in the prolific Stabroek Block, offshore Guyana. The company mentioned ...

Equinor ASA EQNR, a Norwegian integrated energy firm, has taken a major step toward the development of its Bay du Nord oil project in Canada. The company has awarded pre-FEED (pre-Front End ...

ExxonMobil Guyana Ltd. has let a Phase 2 contract to MODEC Inc. for a floating production storage, and offloading (FPSO) vessel for the Hammerhead project. The contract is for a full engineering, ...

Seatrium Limited said it is set to deliver the first of a series of turnkey floating production storage and offloading vessels to Brazil's Petroleo Brasileiro S.A. Image by Igors Aleksejevs via iStock ...

The Alexandre de Gusmao floating production, storage and offloading vessel has started up for Petrobras in the giant Mero pre-salt field in Brazil’s Santos basin. The unit, supplied by Dutch player ...

Singapore-headquartered floating production, storage and offloading contractor Yinson Production is hosting a series of fixed income investor meetings to test the appetite for a contemplated bond ...

Petróleo Brasileiro S.A. - Petrobras PBR has started oil production from its deepwater project offshore southeast Brazil with its largest floating production, storage, and offloading (FPSO) unit, ...

Karoon Energy Ltd is acquiring the Cidade de Itajaí floating production, storage and offloading facility (FPSO), the production facility for Karoon’s 100 percent owned Baúna Project in the southern ...