Key opportunities in the FPSO market include advancing deepwater exploration due to the depletion of shallow reserves and ...

Vaalco Energy is rebounding strongly from prior production lows, driven by successful Gabon drilling and FPSO restart. Read ...

Energean said its floating platform and storage facility off the coast of Israel was now fully operational after a government-enforced shutdown last month due to the Iran war. The company said ...

FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies ...

Petrobras has achieved first oil with the Floating Production Storage and Offloading (FPSO) unit Marechal Duque de Caxias, one of the largest ultra-deepwater FPSOs in the world, installed at the Mero ...

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s ...

Petrobras has achieved the highest daily production rate ever recorded by one of its platforms, with the FPSO Almirante Tamandaré reaching 225,000 barrels per day (bpd) on August 14 — three months ...

Gary Neal Christenson stepped down as CEO with immediate effect at his one request. Malaysian FPSO contractor Bumi Armada confirmed the boss’ term had been due to expire on 15 May 2026 and Christenson ...

SBM Offshore is pleased to announce that FPSO Prosperity has produced first oil as of November 14, 2023 and is formally on hire. The FPSO Prosperity utilizes a design that largely replicates the ...

South America continues to dominate the global FPSO landscape, awarding nearly half of all new floating production units over the past five years. With Petrobras and ExxonMobil responsible for more ...

Woodside Energy expects first production from Sangomar field, offshore Senegal, in mid-2024 after having received the Léopold Sédar Senghor floating, production, storage, and offloading (FPSO) vessel.

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