Tag: FPSO
Understanding the FPSO
The FPSO (Floating Production Storage and Offloading) system is used extensively by oil companies for the purpose of storing oil from the oil rigs...
As Guyana FPSO orders grow, one quarter of global floater fleet...
The pandemic-driven downturn in the oil and gas industry is threatening the global floater fleet which could see up to a quarter of the...
Unity, Prosperity FPSOs targeting lower carbon intensive production
Dutch floater specialist SBM Offshore, the builder and operator of the Liza Destiny FPSO currently producing oil offshore Guyana, is moving ahead with technological...
40% of offshore investments from 2021 will be FPSOs, several orders...
Norway-based Rystad Energy said in a new report it expects offshore investments to rebound from 2021 with 40% of spending linked to construction of...
Near future multiple FPSO projects to have lasting impact on Guyana...
From Ranger in the North-West to Haimara in the South-East, the more than 8 billion barrels of oil equivalent resources found to...
Guyana ranks 3rd in the world for FPSO deployments through 2025...
The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs)...
Guyana oil field equipment expenditure to hit peak in 2022 on...
The largest component of forecast offshore Oil Field Equipment (OFE) expenditure will be fixed and floating production equipment, totalling $139 billion, bolstered by activity...
FPSO awards set to bounce back next year as Guyana’s Payara,...
Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to...
Producers may need to kill their old loss-making FPSO’s in this...
The swift oil price crash caused by the COVID-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above...
One dead, five injured after ingesting toxic liquid on Brazil-bound FPSO
Dutch dredging and heavylift company Boskalis said in a statement on Thursday that an incident occurred earlier this week on board an FPSO which is currently...