The vessel has a storage capacity of approximately 600,000 barrels of oil and processing capacity of approximately 80,000 barrels of oil per day. ABOUT MURPHY OIL CORPORATION ...

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 ...

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 ...

An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was unclear if there were any casualties or how much crude might ...

Australia's Woodside Energy on Wednesday said a floating production storage and offloading (FPSO) unit for its Sangomar project is heading to Senegal, with first production expected in mid-2024.

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.

Eni successfully launched Phase 2 of its Baleine oil and gas development offshore Cote d'Ivoire, significantly increasing production and solidifying its presence in the region's energy sector.

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.

China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country's application of the digital ...