FPSO & Vessels
$6.8 billion project accelerates Guyana’s oil boom: ExxonMobil’s seventh development is a go
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
Go-ahead for Norwegian giant’s oil & gas ops in Norway
Norway’s state-owned energy player Equinor has received the green light from Norwegian authorities for its planned activities in the Norwegian Sea.
‘Major milestone’ for Australian project: Santos unveils first gas from BW Offshore FPSO
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.
Deepwater frontiers calling: Yinson Production’s FPSO hull design with low-carbon kit wins DNV’s blessing
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
WATCH: First of four Sea1 offshore energy support vessels enters construction
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
Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms
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
MODEC gets go-ahead for LCO2 floating storage and injection unit
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).
First gas from Mediterranean phased development on track for 2027
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.
Yinson Production charting carbon capture course with Norwegian firm
With the aim of forging a path toward sustainability, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has taken steps to ignite carbon capture advancement through its partnership with Carbon Circle, a Norway-based carbon capture a
Wison pools resources with Siemens Energy on FLNG and FPSO projects
China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (
Repairs ongoing as North Sea FPSO’s production levels drop
Serica Energy has revealed a downturn in production volumes from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS). Things are expected to improve by month-end once the unit’s repairs are out of the way.
Brazilian oil field’s story unfolds: Rig lease and multimillion-dollar financing of FPSO revamp in place
Oslo-listed oil and gas E&P player BW Energy has moved forward with its plans for an oil field in the Campos Basin off the coast of Brazil, thanks to the completion of financing for the refurbishment of a floating production, storage, and offloading (FPSO) unit and a short-term lease of a developmen
Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization
Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).
Proposed North Sea oil project makes progress but UK urged to mend its fiscal ways
Given the need to secure future investments in domestic energy, the UK is being asked to change its current fiscal and regulatory regime related to its oil and gas policy, as NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), take steps to move forward with a proposed oil re