Brazil’s state-owned Petrobras looks to start up an FPSO unit this year ahead of schedule followed by four others in 2023 with combined capacity to produce 630,000 bbl/d.

Oil and gas giant Petrobras has started production from a floating production, storage, and offloading (FPSO) vessel at its giant Mero oil field in the pre-salt area of the Santos Basin offshore ...

KUALA LUMPUR: SapuraKencana Petroleum Bhd's units and their partner have reached a mutual agreement with Petroliam Nasional Bhd (Petronas) to cease the Berantai Risk Service Contract (RSC).

The FPSO market witnessed a 50% increase in investments ­— ­­from $6 billion to $9 billion — related to greenfield surface capital expenditure during 2023, momentum that is expected to ...