A Covington exploration firm plans to transform a decommissioned well in the Gulf of Mexico into an oil and gas storage unit by 2025.

Murphy Oil Corporation today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and offloading vessel from BW Offshore. In ...

Brazilian oil giant Petrobras has postponed the start-up of three floating production, storage and offloading vessels needed to extract more oil and gas from the country’s prolific pre-salt ...

SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest ...

It will increase Mero’s installed production capacity from 410,000 to 590,000 barrels of oil per day. The unit is part of Mero’s fourth production system and was chartered from MISC.