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FPSO & Vessels

SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan

SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, wh

about 1 year ago

FPSO & Vessels

$60 million in contracts to keep Solstad vessels at work for 900 days

Norwegian shipping company Solstad Offshore has secured multiple new contracts and contract extensions that have a combined value of around $60 million and represent around 900 vessel days. The construction support vessel (CSV) Normand Valiant has been awarded a one-and-a-half-year firm contract wit

about 1 year ago

FPSO & Vessels

SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) from the Liberian Registry and Korean Register (KR) for the basic design of its wing sail-equipped LNG carrier. The approval for the LNG carrier with the wing sail, an eco-friendly auxiliary propulsion s

about 1 year ago

DeepOcean, Rem Offshore, Myklebust Shipyard land largest contracts in their histories thanks to Equinor

FPSO & Vessels

DeepOcean, Rem Offshore, Myklebust Shipyard land their largest contracts ever thanks to Equinor

Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said

about 1 year ago

FPSO Abigail-Joseph; Source: Yinson Production

FPSO & Vessels

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.

about 1 year ago

FPSO & Vessels

Out with the old FPSO after eight years, in with the new one at oil field offshore Brazil

An FPSO is leaving an oil field off the coast of Brazil after spending eight years there, as another unit prepares to take its place once the field’s operator, Brava Energia gets the remaining requirements out of the way.

about 1 year ago

Engineers standing in line in front of a large sign

FPSO & Vessels

Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras.

about 1 year ago

An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023

FPSO & Vessels

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago

FPSO & Vessels

Australia-bound FPSO on track for first gas in 2025 but BW Offshore facing cost overruns (Gallery)

BW Offshore is anticipating additional costs of up to $150 million for the completion of the remaining work related to its newbuild floating production storage and offloading (FPSO) vessel, which is anticipated to start work at a Santos-operated giant gas project off the coast of Australia in the se

about 1 year ago

FPSO & Vessels

Bumi Armada and MISC mulling over potential merger to consolidate floating production businesses

Malaysia’s Bumi Armada is pondering a business combination with the offshore segment of MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services.

about 1 year ago

FPSO & Vessels

SBM Offshore’s FPSO trio nearing finish line for first oil next year as ExxonMobil sets its cap on buying another Guyanese unit

SBM Offshore is putting the finishing touches in place to make three of its floating production, storage, and offloading (FPSO) vessels ready to start their assignments next year. Two of these will be deployed at oil fields offshore Brazil while one is destined for ExxonMobil’s project off the coast

about 1 year ago

FPSO & Vessels

SBM Offshore and Technip Energies to breathe life into ‘all-electric’ FPSO for TotalEnergies’ $10.5B oil project

TotalEnergies has put the Netherlands-based SBM Offshore and the French engineering player Technip Energies in charge of a floating production, storage, and offloading (FPSO) for its new oil development project in Block 58 off the coast of Suriname.

about 1 year ago

Steel strike ceremony for FPSO Jaguar; Source: SBM Offshore

FPSO & Vessels

SBM Offshore cheers FPSO steel strike milestone for ExxonMobil’s oil project off Guyana

SBM Offshore is making progress in bringing to life a floating production, storage, and offloading (FPSO) vessel, which will work on U.S.-based ExxonMobil’s sixth deepwater oil development on the Stabroek block off the coast of Guyana.

about 1 year ago

FPSO & Vessels

ExxonMobil buys FPSO working off Guyana for $1.23 billion

U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio

about 1 year ago