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

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 ...

Energean has added a second oil production unit to a floating production vessel off Israel which is set to boost its crude output by up to two-thirds in the coming months, an industry source said.

The P-71 floating production, storage, ... The FPSO can process up to 150,000 bbl oil and 6 million cu m/d gas in addition to ... Petrobras expects the unit to reach its maximum production ...