The recently imposed US sanctions on Penglai Jutal Offshore Engineering (PJOE) are jeopardising the manufacturing of mooring systems for floating production, storage and offloading (FPSO) vessels ...

The IPT demonstrated that the FPSO’s production, processing and utility systems are operating together and maintaining stability during production.

Retrofit specialist GLO Marine has secured hydraulic system upgrade job on Bluewater’s Haewene Brim floating production, storage and offloading (FPSO) unit, following the successful delivery of the ...

Carbon Clean and MODEC signed a deal to accelerate the development of an offshore floating solution for the capture of carbon dioxide. Carbon Clean Solutions Ltd. and MODEC Inc. have signed a deal to ...

MODEC Inc. has secured a contract from ExxonMobil Guyana Ltd. to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. MODEC said in a media release the ...

TotalEnergies has unveiled the full technical details of its challenging ultra-deep water Venus project offshore Namibia, including the design specifications of its big floating production, storage ...

The contract is a limited notice to proceed (LNTP) by ExxonMobil Guyana, pending necessary government and regulatory approval, the service provider said in a release Apr. 21. Phase one encompasses ...

South Korea's Hanwha Ocean and Dutch specialist SBM Offshore battle for $10bn FPSO as TotalEnergies prepares Venus final investment decision.

FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies ...