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, ...

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, on behalf of the Tupi field consortium, recently announced an extension to the charter term of the FPSO Cidade de Angra dos Reis by another five years. The ...