Murphy Oil Corporation MUR recently announced that its unit has entered into a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and offloading vessel (“FPSO ...

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 ...

FPSO Agogo’s completion rate stood at 80% as at end-October 2024 – ahead of schedule – and is expected to achieve first oil in 4Q26. “Profits wise, we think that the worst is over.

OERL’s EMEM FPSO will be the crude oil production, storage and export facility for its Okwok field development offshore Nigeria. The vessel, which boasts initial production capacity of 17, ...

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 ...

SBM Offshore is pleased to announce that FPSO Prosperity has produced first oil as of November 14, 2023 and is formally on hire. ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation ...

With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to ...

The BW Joko Tole is a gas-producing FPSO operating on the TSB field offshore Indonesia. UK shipbroker Clarksons lists the owner as controlling 12 other FPSOs, built between 1974 and 2017.

The FPSO will be designed to have an oil-processing capacity of 250,000 bpd, a gas-processing capacity of 450 million cubic feet per day and storage of up to 2 million barrels.

The FPSO will be built in China and is likely to involve COOEC, Cosco and CIMC Raffles, Rystad added. Another 10 projects are likely to be awarded in 2022, with the year expected to match 2021 in ...