Tag: FPSO
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...
SBM to bid for interest in five Brazilian FPSOs
Dutch floater specialist SBM Offshore said on Monday it intends to bid for the interests held by Brazil's Servicos de Petroleo Constellation in five...
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...