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.

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 ...

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.

U.S. oil and gas giant Exxon Mobil Corp. (NYSE:XOM) has unveiled plans to increase spending to $28-$33 billion annually with a goal of lifting oil and gas output by 18% by 2030.

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 ...

SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest ...

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.

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 ...