What do you do when two anchor chains on your Brazilian FPSO rented to you by another company fail and impact oil production? You buy the FPSO, apparently, if you’re Karoon Energy (ASX:KAR). For ...

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 operator of the long overdue and very costly Jotun floating production, storage and offloading vessel in Norway is very confident that the FPSO will sailaway in March and production will begin ...