Floating Storage Unit News

 

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Jul 30, 2026

Azule Energy, jointly owned by Eni and BP, has started construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel, with the first steel cutting ceremony held at Haiyang CIMC Raffles' Haiyang yard in China…

Egypt Confirms Drone Hit Damietta Gas Vessels

Jul 30, 2026

A drone caused the fire that engulfed two gas vessels at Egypt's Mediterranean port of Damietta, the Egyptian cabinet said on Thursday, confirming for the first time that the blaze which erupted a day earlier was the result of an attack rather than an accident…

Germany’s Uniper Inks 20-Year Canada LNG Supply Deal

Jul 29, 2026

Uniper has signed a long-term agreement to purchase 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Canada's proposed Ksi Lisims LNG project, marking the first major long-term LNG supply arrangement between Canada and Germany…

Allseas to Install Key Piece of Subsea Pipeline for Canadian LNG Project

Jul 29, 2026

Dutch offshore contractor Allseas has secured a contract by Western LNG to install the critical subsea section of the Prince Rupert Gas Transmission (PRGT) pipeline, a key component of the planned Ksi Lisims LNG export project in northwest Canada…

Northern Lights CCS Fleet Set for Next Stage with Latest LCO2 Carrier Arrival

Jul 29, 2026

Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations.The Northern…

Bureau Veritas Gives Blessing to Seatrium’s 30MW Floating Data Center

Jul 28, 2026

Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore digital infrastructure designed to support growing demand for artificial intelligence and cloud computing…

Talos Energy Farms Into Mexico’s Offshore Oil Block via Repsol Deal

Jul 28, 2026

Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources…

ABS: Demand for Floating Offshore Wind Vessels is Rising

Jul 27, 2026

Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according to a new report from ABS.Produced by ABS in collaboration with Intelatus Global Partners…

Saipem Joins Eni’s Baleine Phase 3 Delivery Crew off Ivory Coast

Jul 27, 2026

Saipem has won two contracts from Eni worth a combined $910 million (€800 million) for work on the Baleine Phase 3 offshore development in Ivory Coast and the expansion of biofuel production capacity at Enilive's Venice biorefinery in Italy…

Portugal’s Galp Raises Outlook After 45% Profit Jump

Jul 27, 2026

Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions.The company raised its earnings guidance for the year…

BW Ideol, NGE Join Forces on Floating Wind Factory in France

Jul 24, 2026

BW Ideol and French construction group NGE have formed an equal partnership to develop a floating foundation manufacturing facility in southern France, aiming to support the rollout of floating offshore wind projects in the Mediterranean.Under the agreement…

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Jul 24, 2026

BP has advanced the Tangguh Ubadari, CCUS and Compression (UCC) project in Indonesia with the first offshore platform jacket arriving in Fakfak, Papua Barat, marking the start of the offshore installation phase.The jacket completed a 5,800-km…

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Jul 24, 2026

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8 billion North Hub project in Indonesia, the Indonesian government said.The company…

China Plans to Increase Wind, Solar Generation by 50% in Five Years

Jul 23, 2026

China plans to increase wind and solar power generation by 53% over the next five years, under a renewable energy plan released on Thursday that for the first time makes its green power target binding.The plan is aimed at increasing overall renewable generation to 1…

Petrogas Picks Worley for Abeona CCS Project in Dutch North Sea

Jul 23, 2026

Worley has secured a contract by Petrogas E&P Netherlands to carry out the pre-front-end engineering design (pre-FEED) study for the Abeona carbon capture and storage (CCS) project in the Dutch North Sea.The Abeona project is intended to develop…

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ABS to Support Floating Offshore Wind Development in Brazil

ABS to Support Floating Offsho

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