FPSO & Vessels
Yinson Production gets hold of over $1 billion bond for FPSO at Petrobras’ Brazilian oil field
Yinson Production is only days away from securing a $1.17 billion bond issue for a floating, production, storage, and offloading (FPSO) unit, which is deployed at an oil field in the pre-salt Campos Basin off the coast of Brazil.
Israel-Iran truce sends signal for Mediterranean gas story to continue with FPSO restart
As the Israel-Iran ceasefire seems to be holding its ground, the UK-based oil and gas player Energean has been given the go-ahead to restart production from a floating production, storage, and offloading (FPSO) vessel, which is working on a natural gas field off the coast of Israel, enabling the cou
Revamped FPSO begins 20-year chapter of North Sea project’s oil story
Vår Energi has put a floating production, storage, and offloading (FPSO) vessel back into operation at an oil project in the North Sea off the coast of Norway.
SBM Offshore signs on the dotted line to become first FPSO operator in Suriname
SBM Offshore has inked an operations and maintenance (O&M) contract with TotalEnergies for a floating production, storage, and offloading (FPSO) vessel destined to work off the coast of Suriname.
Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms
EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd
Go-ahead for another chapter of North Sea oil project’s story: More coming up by year-end
While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway.
Renewal of MODEC-Terra bond taking FPSO inspection drone tech to the next level
With the goal of stepping up its drone technology game for crude oil storage tank inspections on floating production, storage, and offloading (FPSO) vessels and large offshore platforms, Japan’s MODEC has revived its relationship with Terra Drone Corporation, a compatriot drone and urban air mobilit
MODEC and Toyo JV raises the curtain on new strategic FPSO hub in India
MODEC and Toyo Engineering India have set up a global capability center (GCC) in India’s Bengaluru, as a joint venture company, named TOYO MODEC OFS India (OFS India), which is envisioned to serve as a strategic hub that will create high-value job opportunities for engineering, procurement, and floa
With $1 billion investment in hand, Yinson Production all set for further growth
Malaysia’s Yinson Production has ticked all the items off the list to bolster its financial position and drive growth by finishing the work related to a $1 billion investment secured with a consortium of international investment firms.
K Line and Yinson Production set sights on LCO2 shipping and injection solutions
K Line Energy Shipping, a London-based unit of Kawasaki Kisen Kaisha (K Line), has joined forces with Yinson Production, an owner and operator of floating production, storage and offloading (FPSO) vessels, to develop and market liquefied CO2 (LCO2) carrier and injection solutions.
Topside construction underway for Petrobras’ next-gen FPSO
The construction of topside modules for a floating production storage and offloading (FPSO) unit set to work at Brazil’s Santos Basin with the state-owned energy giant Petrobras has started at Seatrium’s shipyard in Angra, Brazil, formerly known as BrasFels.
Chinese firms team up on AI-driven floating energy solutions
China-based provider of clean energy services Wison New Energies (WNE) has signed a strategic cooperation agreement with compatriot provider of solutions for intelligent manufacturing, SUPCON Technology, to leverage AI for use in floating liquefied natural gas (FLNG) and floating production, storage
Seatrium picks Swiss player for work on Petrobras’ Brazil-bound FPSO pair
ABB has received a large order from Singapore’s Seatrium to supply electrical equipment and automation solutions for a new generation of floating production storage and offloading (FPSO) vessels, destined to work for Brazil’s state-owned energy giant Petrobras.
SBM Offshore pulling out of Equatorial Guinea with FPSO divestment
SBM Offshore has struck a deal with GEPetrol to say goodbye to a floating production, storage, and offloading (FPSO) unit, which will enable it to take its leave from Equatorial Guinea.