Norway's BW Offshore has completed the acquisition of a used floating production, storage and offloading vessel, and is targeting up to three oil and gas project opportunities for it. The acquisition ...

Petrobras’ P-79 floating production, storage and offloading (FPSO) unit has departed South Korea’s Hanwha Ocean shipyard bound for Brazil’s Búzios field, where it will add 180,000 barrels-per-day ...

MODEC Inc said Tuesday it is combining its wholly owned companies MODEC America Inc and SOFEC Inc to create an integrated mooring solutions business. "SOFEC will be fully integrated into the MODEC ...

A partnership of Ocean Installer and OneSubsea has been awarded a major new job related to the next development phase of the Balder area in the Norwegian North Sea. The partnership is under way with ...

Installation and production from new, higher capacity ultra-deepwater FPSOs will generate significant demand for next-generation OSVs and push up day rates The deployment of larger capacity floating ...