Floating production specialist SBM Offshore and oilfield services supplier SLB will cooperate on designing digital products and artificial intelligence to improve management of offshore production ...

LAGOS, Oct 8 (Reuters) - Nigeria has commissioned its first wholly owned Floating Storage and Offloading vessel near its Bonny export terminal, one of the companies which developed it said, as ...

Oct 8 (Reuters) - Britain's Serica Energy (SQZ.L), opens new tab lowered its annual production forecast on Wednesday for the second time in a month, following a fresh disruption at the Triton floating ...

ExxonMobil's Hammerhead oil project offshore Guyana includes 18 wells and a floating production storage and offloading vessel. First oil from the Hammerhead development is expected in 2029. Total ...

This initiative is a collaborative undertaking involving Nigeria's national oil company, NNPC Ltd., which holds a 55% stake in OML 18, along with Sahara Group, Eroton Exploration & Production, and ...

Singaporean offshore and marine giant Seatrium has confirmed its newly-launched design of a floating production, storage and offloading vessel is tailored for the Brazil deepwater market. Seatrium's ...

(Reuters) -Britain's Serica Energy lowered its annual production forecast on Wednesday for the second time in a month, after a fresh disruption at the Triton floating production storage and offloading ...

Var Energi completed a project to enable low-pressure production in Gjoa on Norway's side of the North Sea, increasing the field's output to 41,000 boed. Image by Bjoern Wylezich via iStock Var Energi ...

Santos Ltd. received first gas from the BW Opal floating production, storage, and offloading vessel (FPSO) about 285 km offshore from Darwin in the Northern Territory of Australia. This follows BW ...

SLB and SBM Offshore announced, in a recent joint statement, an agreement “to enter into an exclusive digital alliance to optimize the performance of offshore production systems”. The companies noted ...

Brazil set a new production record in June 2025, lifting 4.9 million BOE/day, with crude output alone hitting 3.8 million barrels per day. Petrobras plans $111 billion in investments through 2029, ...

SANTA BARBARA COUNTY, Calif. (KEYT) – Sable Offshore, a Houston-based company working to restart oil production since early last year, submitted a formal Request for Approval of Restart Plans to the ...