Texas-based exploration and production player Beacon Offshore Energy, co-owned by ShenHai which is a subsidiary of Israel’s Navitas Petroleum, is closing in on the first oil from its deepwater project in the Gulf of Mexico/Gulf of America, as a floating production system (FPS) has come to the Gulf Coast of Texas, U.S.

The departure of the FPS for the Shenandoah project was confirmed in December 2024, when the unit sailed away from South Korea’s Hyundai Heavy Industries (HHI) shipyard, hired to handle the design, procurement, construction, and delivery of the FPS and its installation, and began its transit to the Gulf of America.