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FPSO & Vessels

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Illustration; Source: Petrobras
FPSO & Vessels

Petrobras fires the starting gun on bid battle for two new Brazil-bound FPSOs

Petrobras has kicked off a new procurement process to secure two more floating production, storage, and offloading (FPSO) vessels, which will be deployed in the Sergipe Alagoas Basin off the coast of Brazil.

about 1 year ago
FSO concept for Murphy's oilfield; Source: Yinson Production
FPSO & Vessels

US player entrusts Yinson Production and PTSC JV with FSO for Asian offshore oil project

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A joint venture consisting of PTSC and Yinson Production has been put in charge of the provision, charter, operation, and maintenance of a floating storage and offloading (FSO) vessel destined for an oilfield development project in the Cuu Long Basin off the coast of Vietnam in Southeast Asia, which

about 1 year ago
Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S
FPSO & Vessels

Chinese shipbuilder hands over first 175,000 cbm LNG carrier to ADNOC L&S

ADNOC Logistics & Services (ADNOC L&S) has taken delivery of the first newbuild LNG carrier from Jiangnan Shipyard in China.

about 1 year ago
Visit to Subsea7's Seven Seas pipe-laying vessel; Source: BP
FPSO & Vessels

BP’s project on track for first gas in 2025 as Seven Seas preps for action

BP is moving forward with activities required to bring on stream a subsea gas development project offshore Trinidad and Tobago.

about 1 year ago
Fast4Ward design; Source: SBM Offshore
FPSO & Vessels

SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan

SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, wh

about 1 year ago
$60 million in contracts to keep Solstad vessels at work for 900 days
FPSO & Vessels

$60 million in contracts to keep Solstad vessels at work for 900 days

Norwegian shipping company Solstad Offshore has secured multiple new contracts and contract extensions that have a combined value of around $60 million and represent around 900 vessel days. The construction support vessel (CSV) Normand Valiant has been awarded a one-and-a-half-year firm contract wit

about 1 year ago
SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR
FPSO & Vessels

SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) from the Liberian Registry and Korean Register (KR) for the basic design of its wing sail-equipped LNG carrier. The approval for the LNG carrier with the wing sail, an eco-friendly auxiliary propulsion s

about 1 year ago
DeepOcean, Rem Offshore, Myklebust Shipyard land largest contracts in their histories thanks to Equinor
FPSO & Vessels

DeepOcean, Rem Offshore, Myklebust Shipyard land their largest contracts ever thanks to Equinor

Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said

about 1 year ago
FPSO Abigail-Joseph; Source: Yinson Production
FPSO & Vessels

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.

about 1 year ago
FPSO Atlanta; Source: Yinson Production
FPSO & Vessels

Out with the old FPSO after eight years, in with the new one at oil field offshore Brazil

An FPSO is leaving an oil field off the coast of Brazil after spending eight years there, as another unit prepares to take its place once the field’s operator, Brava Energia gets the remaining requirements out of the way.

about 1 year ago
Engineers standing in line in front of a large sign
FPSO & Vessels

Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras.

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
FPSO & Vessels

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
FPSO BW Opal; Source: BW Offshore
FPSO & Vessels

Australia-bound FPSO on track for first gas in 2025 but BW Offshore facing cost overruns (Gallery)

BW Offshore is anticipating additional costs of up to $150 million for the completion of the remaining work related to its newbuild floating production storage and offloading (FPSO) vessel, which is anticipated to start work at a Santos-operated giant gas project off the coast of Australia in the se

about 1 year ago
MMEGA FPSO design; Source: MISC
FPSO & Vessels

Bumi Armada and MISC mulling over potential merger to consolidate floating production businesses

Malaysia’s Bumi Armada is pondering a business combination with the offshore segment of MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services.

about 1 year ago