Offshore Floating Production News - page 2


SBM Offshore Upgrades Annual Revenue, Profit Outlook after ExxonMobil FPSO Sale

Nov 09, 2023

Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana.The Amsterdam-based company now aims for a directional revenue of $4…

Shell Sues Greenpeace for Boarding Penguins FPSO While in Transit

Nov 09, 2023

Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…

ABS Approves New FPSO Newbuild Hull Design Concept

Nov 08, 2023

Classification society ABS announced it has granted approval in principle (AIP) for a the Sterling Streamline, a next generation concept design for large floating production storage and offloading unit (FPSO) newbuild hulls from India's Shapoorji Pallonji Energy (SPE)…

Equinor Prepares Sale of Rosebank Oilfield Stake

Nov 07, 2023

Equinor is preparing to sell a 20% stake in its Rosebank oil development in the British North Sea, which could fetch about $1.5 billion, two industry sources said.The Norwegian energy giant is seeking to sell a quarter of its 80% stake in the project…

Greater Tortue Ahmeyim Project Start-Up Could Slide to Q2 2024, Kosmos Energy Says

Nov 07, 2023

Kosmos Energy said on Monday that the start-up of the BP-operated  Greater Tortue Ahmeyim (GTA) gas project offshore Senegal and Mauritania could slip into the second quarter of 2024.BP last week said that the project was 90% complete and is expected to start production in the first quarter…

Light Structures to Provide Hull Monitoring Systems for Two Brazil-bound FPSOs

Nov 03, 2023

Light Structures, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, has secured two contracts with China's YANTAI CIMC Raffles Offshore.Under the contracts, Light Structures will deliver SENSFIB…

DNV Grants Stamp of Approval to SBM Offshore and Mitsubishi Heavy Industries' Carbon Capture Solution for FPSOs

Oct 31, 2023

Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the…

Shapoorji Pallonji Energy Secures ABS AiP for Next-Gen FPSO Hull Design

Oct 30, 2023

Shapoorji Pallonji Energy Pvt Ltd (SP Energy) said Monday it had obtained a Class Approval-in-Principle for the Concept and Design Basis of its FPSO Newbuild Hull from the American Bureau of Shipping (ABS). SP Energy has been working on the concept design of ‘STERLING STREAMLINE’…

Harland & Wolff Belfast Bags $74M Canadian FPSO Refurbishment Deal

Oct 20, 2023

Harland & Wolff has secured a contract with Canada-based Cenovus Energy for the mid-life upgrade of the SeaRose FPSO vessel. The base contract value is approximately £61 million (~currently around $74 million). The FPSO is expected to arrive…

Seatrium Delivers Shell's Whale Floating Production Unit

Oct 19, 2023

Singapore's Seatrium said Thursday it had delivered the 2019-ordered Whale Floating Production Unit (FPU) to Shell for deployment at Whale deepwater field development in the U.S. Gulf of Mexico.According to Seatrium, which was known as Sembcorp Marine went the FPU was ordered…

TMC Compressors to Provide Equipment for Newbuild FPSO

Oct 19, 2023

Chinese shipbuilder China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for the Dutch FPSO leasing firm SBM Offshore…

Exxon Expects FID for Guyana's Sixth Offshore Oil Project by Q1 2024

Oct 18, 2023

Exxon Mobil Corp. expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday.In August, Exxon and its partners proposed a plan to spend $12…

Carbon Capture: Yinson Production and Azule Energy Partner for Green FPSO Solution

Oct 16, 2023

Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.'The plant is the world’s first post-combustion carbon capture unit installed onboard an FPSO…

FPSO Planned for Namibia's Offshore Oil Discoveries. First Oil Expected in 2030

Oct 13, 2023

Namibia expects the first oil from major offshore finds by 2030 and is considering a Floating Production Storage and Offloading (FPSO) platform to help it export the crude oil, its petroleum commissioner said on Wednesday.Namibia, which has yet to produce any oil and gas…

SBM Offshore Secures Fifth FPSO Contract in Guyana

Oct 13, 2023

Dutch firm SBM Offshore said Friday it had won contracts to perform front-end engineering and design (FEED) for a floating production, storage, and offloading vessel (FPSO) for the ExxonMobil-led Whiptail development project in Guyana.Following…

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