ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block.ExxonMobil, through its affiliate ExxonMobil Guyana…
Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…
Oil and gas company Energean has lifted the second oil train for its floating production, storage, and offloading (FPSO) unit operating in the Mediterranean Sea, offshore Israel.The post-lift, installation and commissioning activities are expected to take up to six months to complete…
Equinor's Arctic Johan Castberg oilfield is expected to reach full production of some 220,000 barrels per day in the first half of 2025, a senior company official said on Tuesday.The oilfield in the Norwegian part of the Barents Sea is set to…
An Exxon Mobil consortium's crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.Output had fallen to between 400,000 and 500…
SBM Offshore has completed the divestment of a 13.5% ownership interest in FPSO Sepetiba, deployed at Petrobras’ Mero field offshore Brazil, to China Merchants Financial Leasing (Hong Kong) Holding Co (CMFL).SBM Offshore is operator of the FPSO…
Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday.The approval also covered the development of the nearby Gehem field…
The floating production storage and offloading (FPSO) Maria Quitéria, built by Malaysian FPSO supplier Yinson, has started operating at Petrobras’ Jubarte field in Campos Basin offshore Brazil.The FPSO unit has the capacity to produce up to…
State-run oil firm Petrobras has begun studies for the implementation of a new oil platform in Brazil's Buzios field, three sources with knowledge of the matter told Reuters.Each Buzios platform has an average cost of $3.5 billion, said a source…
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…
EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters.The deal will last at least four years…
SBM Offshore has signed two share purchase agreements with its partner MISC Berhad related to two floating production storage and offloading (FPSO) units.Under the agreement, SBM Offshore will acquire MISC Berhad’s entire effective equity interest…
Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument.The two top U…
Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil…
Offshore Frontier Solutions Pte. Ltd., a MODEC Group company has placed a new contract with Miko Marine AS, of Norway, for the supply of sea inlet covers to be carried aboard its new floating production storage and offloading unit (FPSO).The FPSO…
Subscribe
