ALBAWABA – China has announced the completion of the world’s first floating oil and gas production and storage unit. The unit utilizes carbon capture and storage (CCS) technology and is ...

2025--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and ...

China said on Saturday it had built the world’s first offshore oil production and ... that the 330-metre (1,080ft) floating production storage and offloading unit (FPSO) would be delivered ...