Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.
Norwegian vessel owner DOF Group has secured several project awards in the North America region that have a combined contract value of over $60 million. The awards will use vessels already in the region, securing over 300 days of firm vessel utilization, with further options available. Skandi Skanse
SBM Offshore has strengthened ties with Cognite, an industrial AI software-as-a-service (SaaS) company, and SLB, a U.S.-headquartered technology player, to create an enhanced artificial intelligence (AI) blueprint envisioned to bolster operational efficiency and fuel further innovation in floating p
Following a final investment decision (FID) for its seventh offshore oil development in the Stabroek block, ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, has put Japan’s MODEC in charge of the full engineering, procurement, construction, and installation (EPCI) work for a flo
The Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, and Chinese COSCO Shipping have held a steel-cutting ceremony for a floating storage offloading (FSO) unit destined for Mexico’s inaugural deepwater project.
A floating production storage and offloading (FPSO) unit concept designed by Singapore’s Seatrium has received approval in principle (AiP) from the American Bureau of Shipping (ABS).
A multibillion-dollar boost is on the horizon for the Guyanese economy, thanks to a $6.8 billion investment, which ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, has set its cap on pouring into the development of its seventh offshore oil project in the Stabroek block off the c
Norway’s state-owned energy player Equinor has received the green light from Norwegian authorities for its planned activities in the Norwegian Sea.
Australian energy player Santos has revealed the beginning of production operations related to a floating production, storage, and offloading (FPSO), which is managed by Norway’s BW Offshore and deployed at its project off the coast of Australia’s Northern Territory.
Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification socie
The construction of the first of four offshore energy support vessels (OESVs) that Norwegian offshore services provider Sea1 Offshore ordered from China has officially begun. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the contra
A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering fully integrated project
Classification society ABS has approved LCO₂FSIU, a floating storage and injection unit (FSIU) developed by Japan’s MODEC for receiving, temporarily storing, and ultimately injecting carbon dioxide (CO2).
London-based oil and gas player Energean is expecting to bring online in less than two years the first chapter of an area in the Mediterranean, containing a string of gas discoveries made in 2022, as part of a phased development off the coast of Israel.
