MODEC, Inc. and Toray Industries, Inc. announced that they have jointly developed a carbon fibre-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading ...

A high-fidelity, continuously updating virtual replica of the FPSO (process, rotating equipment, marine systems) driven by live sensor streams, historian data, and ...

Petrobras PBR, the state-controlled oil company in Brazil, has once again delayed the bid submission deadline for chartering a floating production, storage and offloading (FPSO) vessel aimed at ...

At-a-Glance: Offshore FPSO Operations Process Engineer day rates typically span from $480–$1,470 per day, depending on experience, equating to roughly $87,500–$267,500 annualized on a 28/28 rotation ...

BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert ...

Malaysian national oil company Petronas has again cancelled an attempt to secure a floating production, storage and offloading vessel for the Limbayong project which was to be its first deep-water ...

Exxon Mobil Corporation’s XOM subsidiary, ExxonMobil Guyana, has acquired the floating production, storage, and offloading (FPSO) unit, Liza Destiny, from SBM Offshore. The purchase, valued at $535 ...

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 ...

Ambipar and SBM Offshore announced a solution for cleaning cargo oil tanks on (FPSOs), a solution that importantly is geared to completely remove humans from entering tanks during cleaning activities.

Even though Brazil absorbs most of the contracted fleet of floating production, storage and offloading vessels in South America, two small nations are emerging as beacons of forthcoming demand. Out of ...