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Westwood predicts surge in FPSO orders

(Energy Voice) According to its latest world floating production systems tracker, capital expenditure will hit $51 billion in the next five years. Westwood says 17...

Keppel snags FPSO conversion contract for Liza Destiny

Keppel Shipyard Ltd. has been awarded a contract by Dutch floater specialist SBM Offshore for the conversion of the Floating Production Storage and Offloading...

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...

ExxonMobil says royalty, terms apply to entire Stabroek block offshore Guyana

The royalty and terms outlined in the production sharing contract between ExxonMobil and Guyana will apply to the entire area known as the Stabroek...

In excess of 1,340 direct jobs could be created over lifetime...

More than 1,340 direct jobs could be created over the lifetime of the Liza phase 1 development project which will see a proposed 17...

TechnipFMC awarded Subsea Contract for Liza deep water project

TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the...

Exxon forges ahead with plans for second FPSO in Guyana

Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this...