Shares in the Japanese floating production company Modec soared on the Tokyo Stock Exchange on Thursday following strong 2024 ...

Operator is poised to build China’s second cylindrical FPSO for developing its latest oil find in the South China Sea ...

Two additional development phases of 180,000 b/d each, Mero-3 and Mero-4, are currently under construction, with start-ups expected by 2025. Furthermore, the FPSO Sepetiba is part of a production ...

Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO. Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in ...

Exxon Mobil Corporation XOM, the U.S.-based oil and gas giant, and its consortium partners, including Hess Corporation and CNOOC, have sought environmental permits from Guyana regarding new ...

Baker Hughes Company (BKR), a leading energy technology company, has secured a multi-year contract from Exxon Mobil Corporation XOM to provide specialty chemicals and related services for the Uaru and ...

Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and ...

Intech has secured a major project win with a leading FPSO operator in the West African deepwater field for modernising its ...

Petróleo Brasileiro S.A. - Petrobras PBR, on behalf of the Tupi field consortium, recently announced an extension to the charter term of the FPSO Cidade de Angra dos Reis by another five years.