"FPSO" News

Oil Companies Snap Up West African Blocks in Search for Next Big Thing

Feb 04, 2026

Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…

Windward Offshore Takes Delivery of Vard-Built CSOV

Feb 03, 2026

Vard, the Norwegian subsidiary of the Fincantieri Group, has delivered the second Commissioning Service Operation Vessel (CSOV) to Windward Offshore, named Windward Paris.The naming ceremony was held at the delivery yard, Vard Brattvaag in Norway on January 28…

Seatrium Wraps Up AmFELS Yard Sale

Feb 03, 2026

Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…

Shell Sells 20% Stake in Brazil’s Orca Deepwater Project to Kuwaiti Firm

Feb 03, 2026

Shell Brasil Petróleo, a subsidiary of Shell, has agreed to sell a 20% interest in the Orca deepwater project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).Orca, formerly known as Gato do Mator, is a deepwater development located in the pre-salt area of the Santos Basin…

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

Jan 30, 2026

MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production…

Worley Nets Equinor’s Framework Deal for Norway Offshore Assets

Jan 29, 2026

Worley has been selected by Equinor to enter into a framework agreement to provide offshore support services for selected oil and gas facilities on the Norwegian Continental Shelf.The framework agreement is expected to cover offshore maintenance…

MODEC, Eld Energy Partnership Targets Low-Carbon FPSO Power

Jan 27, 2026

MODEC has signed a joint development agreement with Norway-based Eld Energy to advance an integrated solid oxide fuel cell and CO2 capture system for floating production, storage and offloading (FPSO) vessels, as the offshore industry looks to cut emissions from power generation…

TGS Bags Second OBN Contract in Europe

Jan 27, 2026

TGS, a provider of energy data and intelligence, has secured an additional ocean bottom node (OBN) contract in Europe.The company's node-on-a-rope crew will mobilize in mid-summer, with the project expected to run for approximately 30 days.The…

Victoria’s First Offshore Wind Auction Slated for August

Jan 27, 2026

The Australian Government is progressing the state of Victoria’s offshore wind industry with Minister for Energy and Resources Lily D’Ambrosio announcing the Request for Tender (RFP) for Victoria’s first offshore wind industry auction which…

Australia Grants Permits for Three Offshore Wind Schemes

Jan 23, 2026

Australia has offered three offshore wind licenses to projects off the southern coast of Western Australia that could add 4 gigawatts of clean energy into the state's isolated power system, the government said on Friday.The offer comes after…

DeepOcean Wraps Up Work at US Offshore Wind Project

Jan 23, 2026

Global ocean services provider DeepOcean has completed trenching and survey operations on inter-array cables for a U.S. offshore wind project.DeepOcean’s scope of work encompassed trenching and surveying of the inter-array cables that connect turbines to the offshore substations…

Wes Heiskell Takes Position at Paradigm Drilling Services

Jan 21, 2026

Paradigm Drilling Services has appointed Wes Heiskell as Well Construction & Intervention Director – North America.Based in Paradigm’s Houston office, Heiskell brings almost 40 years of experience, with a distinguished career spanning operations…

MODEC Hires DOF for Mooring Job at ExxonMobil’s Oil Project off Guyana

Jan 19, 2026

DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.Under the contract…

Veolia and SBM Offshore to Develop Floating Desalination Platform

Jan 18, 2026

Veolia and SBM Offshore have signed a Memorandum of Understanding to develop and deploy innovative freshwater floating production units (FPUs), combining advanced reverse osmosis desalination technology with proven offshore engineering expertise to offer a sustainable…

DNV Approves ModuSpec’s BOP Monitoring Tech for Offshore Use

Jan 15, 2026

ModuSpec, MR Group’s rig and well control equipment solutions business, has received Technology Qualification from classification society DNV for its blowout preventer (BOP) real-time monitoring capabilities, clearing the way for wider deployment…

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