FPSO market 'shifting course' Demand prospects for floating production, storage and offloading units are seen as buoyant going forward amid a tightening market as a leading analyst expects ...

Japanese FPSO company sets course to be world’s best. New chief executive appointed at Modec to implement company’s new business plan. New leader: Hirohiko Miyata is to be appointed Modec's ...

The FPSO will be built in China and is likely to involve COOEC, Cosco and CIMC Raffles, Rystad added. Another 10 projects are likely to be awarded in 2022, with the year expected to match 2021 in ...

The global FPSO market is poised for substantial growth by 2030, fueled by increased offshore production demand and depleted onshore reserves. Key insights include regional and operator-specific ...

The FPSO market witnessed a 50% increase in investments ­— ­­from $6 billion to $9 billion — related to greenfield surface capital expenditure during 2023, momentum that is expected to ...

SBM Offshore is pleased to announce that FPSO Prosperity has produced first oil as of November 14, 2023 and is formally on hire. ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation ...

Floating production storage and offloading (FPSO) is a term that references a floating vessel near an offshore oil field where oil is processed and stored until it can be transferred to a tanker.

BW Offshore sells FPSO for $125 mln. By Reuters. March 10, 2023 8:47 AM UTC Updated March 10, 2023. COPENHAGEN, March 10 (Reuters) - Norwegian oil services ...

ABB has secured a contract from Seatrium to provide electrical and automation solutions for Petrobras' new generation of floating production storage and offloading (FPSO) vessels, the P-84 and P ...

FPSO Jaguar has a design production capacity of 250,000 barrels of oil per day, 540 million cubic feet of gas treatment per day, 300,000 barrels of water injection per day, and a storage capacity ...

The Penguins FPSO is Shell's first newly operated facility in the North Sea in over 20 years. Shell operates the field with a 50% stake, alongside NEO Energy (50%).

Brazil's state-run oil firm Petrobras is considering cancelling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with ...