The global Floating Production Storage and Offloading (FPSO) market, valued at $23.04 billion in 2023, is projected to reach $33.32 billion by 2029, growing at a CAGR of 6.34%. Growth is driven by ...

SBM Offshore will manage operations and maintenance until 2035.

Singapore’s Seatrium Limited reports that the Petrobras 78 ( P-78) FPSO achieved first oil production, on Brazil’s Búzios ...

Reduces Annual Operating Costs by Approximately $60 Million, Reaffirms 2025 Capital Expenditure Guidance HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (MUR) today announced that a subsidiary has ...

Shell Nigeria Exploration and Production Company (SNEPCo) Ltd says the Bonga floating production, storage, and offloading (FPSO) has been shut down for scheduled turnaround maintenance in February.

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has launched a maintenance program on its Bonga floating oil platform, a ...

Verdande is the second project to be tied back to the Norne floating production, storage and offloading vessel this year, and will help extend the FPSO's production beyond 2030. Image by Igors ...

(RTTNews) - Murphy Oil Corp. (MUR) announced that it agreed to acquire the BW Pioneer floating production storage and offloading vessel or FPSO from BW Offshore. The gross purchase price is $125 ...

Floater specialist Japan’s Modec and compatriot engineering, procurement company JGC Corporation have completed a greenhouse gas (GHG) emissions quantification project on floating production, storage ...

In this QuickChat video, Bruce Beaubouef (Managing Editor of Offshore Magazine) chats with Deborah Carpenter (Global Oil and Gas Market Manager at Swagelok) about the evolving challenges and ...

Floating production players and offshore oil and gas operators are developing carbon-capture modules as a key component of broader sustainability strategies, targeting the 70% of emissions on floating ...

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and ...