Akselos has unveiled its structural performance management (SPM) software designed to enhance asset performance, ensure uninterrupted operations, and extend the asset life of floating production, storage, and offloading (FPSO) vessels.
SBM Offshore has made arrangements to exchange ownership interests related to two floating production, storage, and offloading (FPSO) vessels with Malaysia’s shipping giant MISC Berhad (MISC).
KBR has been hired on engineering contracts by Singapore’s Seatrium to develop topside facilities for two floating production storage and offloading (FPSO) units that are being designed for two pre-salt ultra-deepwater fields located in the prolific Santos Basin off the coast of Brazil.
U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a new multi-year contract with Shell Offshore Inc. to continue providing well intervention services in the U.S. Gulf of Mexico. As part of the contract set to start in 2025, Helix will provide an increased minimu
Aker BP has kicked off production from an offshore oil field project in the North Sea, which has been tied back to a floating production, storage, and offloading (FPSO) vessel operating off the coast of Norway.
Rana Diving and Bourbon have assisted in wrapping up subsea work off the coasts of Mauritania and Senegal at a project that is said to be the biggest one in the portfolio of BP.
Yinson, which currently invests in five business units, has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel services.
Japan’s MODEC and the UK-based Altera Infrastructure have set their caps on addressing the pressing challenges of the energy transition era by accelerating the shift toward a more sustainable future while supporting the security of power supply.
Ocean Installer, part of the Moreld Group, has been hired to handle a subsea tie-back project to an existing floating production, storage, and offloading (FPSO) vessel operating in the North Sea, as part of a new frame agreement for offshore construction.
Norwegian shipowner Eidesvik has partnered with Finnish technology group Wärtsilä on the ‘world’s first ammonia-fuel retrofit project’ for an offshore platform supply vessel (PSV).
Equinor is looking forward to the arrival of a new floating production, storage, and offloading (FPSO) vessel at its oil project in the Barents Sea, where the FPSO unit will start its three-decade assignment off the coast of Norway.
Eni has received a green light for the integrated development of the two fields, which will bring to life a new production hub in the Kutei Basin off the coast of Indonesia. This will enable the firm to boost its gas arsenal.
Santos is on track to achieve the first gas next year from its project in Commonwealth waters, as an FPSO, which is currently still under construction, is slated to move in the first quarter of 2025 to its giant field off the coast of Australia.
Japan’s MOL has taken hold of a larger stake in MODEC, which will enable it to convert the firm into an equity-method affiliate in pursuit of further growth in both firms’ offshore businesses against the backdrop of energy transition plays that call for a step-up in the decarbonization arena.
