Woodside has awarded SBM Offhsore an LOI worth US $145 million to replace the current FPSO Cossack Pioneer with the Okha FSO, as well as convert the Okha into an FPSO with a disconnectable turret. SBM ...
The region has 36 FPSO projects planned or awarded between 2021 and 2030, representing roughly $181 billion in greenfield commitments. Brazil and Guyana anchor activity, with technically complex ...
CEO Oivind Tangen highlighted record achievements in revenue and EBITDA, driven by three new FPSO awards and the purchases of Prosperity and Liza Destiny by ExxonMobil Guyana. He announced a proposed ...
FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies ...
Singapore-headquartered Yinson Production recently issued a record-breaking $1.168 billion bond for a floating production, storage, and offloading (FPSO) unit in Brazil. This marks the largest and ...
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