The global Floating Production Storage and Offloading (FPSO) market, valued at $23.04 billion in 2023, is projected to reach $33.32 billion by 2029, growing at a CAGR of 6.34%. Growth is driven by ...

Covington-based LLOG Exploration Offshore, a privately owned deepwater energy company, has reached first production at its Salamanca Floating Production Unit in Keathley Canyon 689, approximately ...

BP plc BP, the British oil and gas giant, has awarded a contract to SBM Offshore to assist with the installation of the Kaskida semi-submersible Floating Production Unit (FPU). Per the terms of the ...

The start of LNG exports from Eni's offshore Congo vessel signals growing industry confidence in floating LNG, as costs fall ...

Offshore pipeline transportation segment margin-- Delivered a sequential 16% improvement in the third quarter, with further growth expected as Shenandoah and Salamanca production ramps up. Shenandoah ...

Floating production players and offshore oil and gas operators are developing carbon-capture modules as a key component of broader sustainability strategies, targeting the 70% of emissions on floating ...

Exciting times for Petrobras as P-79 FPSO arrives at Búzios field in Brazil! ⚡️ With a capacity of 180,000 barrels/day, we're all set for unprecedented growth.  #Petrobras #FPSO #BuziosField #OilAn ...

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The ...

Already a record-holder in deep-water production, Petrobras' research and development arm, Cenpes, has devoted considerable resources to the challenge of reducing riser stress after identifying this ...

As part of a consortium, Technip was awarded by Shtokman Development AG an engineering contract for the floating production unit for the offshore portion of the first phase of the integrated ...

Compass Energy has purchased on speculation the semisubmersible production unit, "Petrobras XXIV", for fast-track field development and offshore accommodation projects around the world.<P> Compass ...