Floating Production Unit News


DP World Wins Contract to For Floating LNG Facility Off Mexico

Aug 25, 2025

Drydocks World, a unit of DP World, a Dubai-owned ports and logistics company, has secured an engineering, procurement, and construction contract for the construction of what it said would be the world's largest floating liquefied natural gas facility off Mexico's west coast…

Equinor Picks OneSubsea All-Electric Subsea Production System for North Sea Field

Aug 25, 2025

OneSubsea, a joint venture formed by SLB, Aker Solutions and Subsea7, has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway…

Jadestone’s Flow Test Exceeds Expectations at Australian Offshore Oil Field

Aug 25, 2025

Jadestone Energy has reported that the Skua-11ST development well at the Montara field offshore Australia has delivered initial oil production rates significantly above expectations following successful flow testing.Production from Skua-11ST began in early August…

Triton FPSO Marks First Oil Lifting Following Production Restart

Aug 25, 2025

U.K.-based oil and gas firm Serica Energy has achieved first lifting of oil from the Triton floating production, storage and offloading (FPSO) unit in the North Sea since the resumption of production in July.Production continues to ramp up in line with the previously stated plan…

Australia’s Novocastrian Offshore Wind Project Stalled

Aug 24, 2025

Equinor has pulled out of the Australian Novocastrian Offshore Wind Farm project which was planned for a location about 20 kilometers offshore from off Newcastle.It was partnered with Australian company Oceanex on the A$10 billion ($6.5 billion)…

CNOOC Completes New Refinery and Petrochemical Complex in East China

Aug 22, 2025

China National Offshore Oil Corp (CNOOC) has completed building an integrated refining and petrochemical complex in eastern China, state news agency Xinhua reported on Friday.The 21 billion yuan ($2.9 billion) project, built on the Daxie Island of eastern coastal city Ningbo…

Woodside Wins Court Approval for Scarborough Energy Project

Aug 22, 2025

Woodside has welcomed the Australian Federal Court's decision confirming the validity of the National Offshore Petroleum Safety and Environmental Management Authority’s acceptance of the Scarborough Offshore Facility and Trunkline (Operations) Environment Plan…

DOI Updates Commingling Policy

Aug 21, 2025

The US Department of the Interior is updating oil and gas commingling rules to align with the One Big Beautiful Bill Act.Commingling is the practice of combining oil or gas production from two or more sources into a single stream for measurement and processing…

Jadestone Announces Montara Production Well Success

Aug 20, 2025

Jadestone Energy has confirmed initial oil rates from the Skua-11ST development well at the Montara field offshore Australia are higher than previous guidance.Consistent with previous disclosures, production from the Skua-11ST well commenced in early August 2025…

Seabound Secures $1.48m Grant to Develop Carbon and Emissions Capture at Port of Southampton

Aug 20, 2025

Seabound has been awarded USD$1.48 million (£1.1 million) through Round 6 of the UK Government’s Clean Maritime Demonstration Competition (CMDC6). The funding will support a first-of-a-kind project between Seabound, STAX Engineering, and Associated…

Norway’s Oil and Gas Output Beat July Forecast

Aug 20, 2025

Norway's combined oil and gas production exceeded an official forecast by 3.9% in July, the Norwegian Offshore Directorate (NOD) said on Wednesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…

Petrobras CEO Mulls Change to Brazil's Reference Oil Price

Aug 19, 2025

Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business…

Petrobras Looks to Increase Production at Three FPSOs

Aug 18, 2025

Brazilian state-run oil firm Petrobras is looking to increase production at three floating offshore production platforms (FPSO) it operates in the country, the head of Exploration and Production, Sylvia dos Anjos, said on Monday.Production at…

Shape Reef AI to be Deployed in Brazil to Enhance Offshore Oil Safety

Aug 15, 2025

Shape Digital, Shell Brasil, MODEC Brasil and Unicamp signed a partnership to develop new methodologies for monitoring operational risks using artificial intelligence. The solution will be based on Shape Reef, a tool for operational process safety designed by Shape Digital…

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