MODEC’s FPSO Errea Wittu, which was developed for ExxonMobil Guyana, a subsidiary of the U.S.-headquartered oil and gas giant ExxonMobil, has come to Guyana, where it will undergo final offshore preparations and commissioning ahead of first oil from the Stabroek block operator’s fifth project that integrates the development of the Snoek, Mako, and Uaru resources in the South American country on […]
The alliance brings together SLB’s digital and domain expertise in subsurface, subsea, surface production and recovery with SBM Offshore’s digital and full FPSO lifecycle capabilities. The companies will leverage their respective digital capabilities to create an AI-powered digital ecosystem that enhances FPSO digital asset management – improving uptime performance and reducing total cost of ownership for offshore operators.
BW Offshore has achieved first gas on its BW Opal floating production, storage and offloading unit (FPSO), marking a major milestone in Santos’ Barossa LNG project offshore Australia.
“The rapid ramp-up to peak production at the Jotun FPSO, alongside strong performance across our portfolio, puts us on track to meet our production target of around 430,000 boed in the fourth quarter of this year”, chief executive Nick Walker said in the statement.
BW Offshore is reiterating its commitment to oil and gas production and hopes to land a new floating production, storage and offloading unit deal soon.
Despite declining domestic production and ambitions to pivot away from fossil fuels, oil and gas still meet three-quarters of the UK’s energy needs, with gas alone supplying over 85% of domestic heating and cooking for homes and often providing more than half of electricity generation during low renewable output.
Yinson Production has completed the buy-out of the project loan tied to FPSO Atlanta from Brava Energia S.A., paying a total of approximately $257.4 million in cash, including $255.5 million in principal and $1.9 million in accrued interest.
Petrobras posted a 5% rise in oil and gas production in Q2 2025 compared to Q1, a performance the company attributes to the ramp-up of several FPSOs.
Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B gas development.
Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant.