Sbm Offshore News


TMC Books Compressors Orders for FPSO and LNG Vessels

Apr 30, 2025

TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.As part of the first order, Hanwha Ocean picked…

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

Feb 19, 2025

The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday…

Floating Wind and the Taming of Subsea Spaghetti

Oct 31, 2024

Preparing for industrialization, the floating offshore wind industry is tackling its unique mooring and cabling challenges.The idea of keeping floating offshore wind platforms in place using dynamic positioning has been considered. The trouble…

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

Sep 19, 2024

Dutch FPSO leasing specialist SBM Offshore has completed the final module lifts at Seatrium’s shipyard in Singapore for a floating production, storage, and offloading (FPSO) unit ONE Guyana, which is scheduled for departure to ExxonMobil’s Yellowtail field offshore Guyana in early 2025…

Japan's Industry Minister to Visit Key Offshore Wind Site

Jun 25, 2024

Japanese Industry Minister Ken Saito will visit Akita in northern Japan on Saturday to discuss the development of offshore wind power with industry and government officials, the ministry said on Tuesday.The move aligns with Japan's increased efforts to boost the deployment of renewable energy…

Floating Production – A Growing Segment in Transition

Feb 22, 2024

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established…

ONE Guyana FPSO for ExxonMobil’s Yellowtail Field Leaves Drydock in Singapore

Feb 21, 2024

SBM Offshore’s floating floating production, storage, and offloading (FPSO) unit ONE Guyana, built for ExxonMobil’s Yellowtail field offshore Guyana, has left the drydock and arrived along quayside at the Seatrium yard in Singapore.The FPSO…

UK's Octopus Energy Launches $3.7B Offshore Wind Fund with Tokyo Gas

Nov 17, 2023

Britain's Octopus Energy said on Friday that its renewables investing arm had launched a dedicated fund with Japan's Tokyo Gas to invest 3 billion pounds ($3.7 billion) in offshore wind projects by 2030.The Octopus Energy Offshore Wind fund…

WSG Energy Services Records Several FPSO Asia Pacific Project Wins

Aug 21, 2023

WSG Energy Services (WSGES) in Singapore has secured multiple contract wins on Floating Production Storage and Offloading (FPSO) vessel projects with a combined value in excess of at $10m.WSG was commissioned by Yinson Production to assist on the upgrade and conversion of FPSO Atlanta…

The Evolving FPSO Landscape – Healthy Demand, Changing Procurement

Jun 21, 2023

After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…

Malaysia's Sapura Energy Lands $303 Million in Contracts for Offshore Projects

Jun 08, 2023

Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…

Shell Cuts Oil Imports at Singapore Refinery Amid Mooring Repairs

May 22, 2023

Shell has cut crude oil imports at its Singapore refinery this month and is relying on smaller tankers after extending repairs at its single buoy mooring (SBM) facility to June, according to government notices and shipping data.The company is…

2023 Forecast:: Led by Brazil, Offshore Oilfield Services Spending to Rise

Jan 05, 2023

Offshore exploration and production (E&P) capital expenditures (capex) will shake off the pandemic-induced declines of the past two years and rebound by 20% in 2022, reaching a total $165 billion spent on exploration, wells, and facilities (Figure 1)…

Marco Polo Marine Eyes Offshore Wind Work in Japan

Dec 06, 2022

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with 'K' Line Wind Service in that regard.Both parties, according to Marco Polo Marine…

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