Investing.com -- SBM Offshore has signed a Memorandum of Agreement with COSCO for the construction of a new Fast4Ward FPSO hull, expanding its existing partnerships for hull construction.

Dutch floating production specialist SBM Offshore is nearing the critical yard selection phase for the construction and integration of modules for the floating production, storage and offloading ...

Hull design and fabrication for floating production, storage and offloading vessels has shifted considerably to standardisation to cut construction time. Advocates say generic hull design lets oil and ...

Shell plc SHEL, the British oil and gas supermajor, has awarded a multi-year operations and maintenance contract to the Japanese shipbuilding company, MODEC, to work on its Gato do Mato project in ...

MODEC has secured the full engineering, procurement, construction and installation (EPCI) contract to deliver a floating production, storage and offloading (FPSO) vessel for the Hammerhead development ...

Ship classification organization ABS granted approval in principle for an FPSO vessel for blue ammonia designed by Japanese firms MODEC and TOYO. Ship classification organization American Bureau of ...

TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.

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 ...

Yinson Production has received Main Scantling Approval (MSA) from classification society DNV for its Meridian purpose-built floating production, storage and offloading (FPSO) hull design. The newly ...

Azule Energy started production from the Agogo FPSO offshore Angola. The FPSO has a pilot CCUS unit to recover CO 2. Azule Energy has reached first oil production from the Agogo floating production, ...

Technip & partners have been awarded, by Total Upstream Nigeria Limited, a lump sum turnkey contract for the engineering, procurement, supply, construction and offshore commissioning of the FPSO for ...