Brazil's state-run oil firm Petrobras is considering cancelling a tender to charter a production storage and offloading ...

Floating solutions provider Modec has contracted Samsung E&A for an offshore carbon capture pilot project. As per the pilot ...

The Cidade de Itajai FPSO has been operating in the shallow-water field since Bauna came on stream in 2013. Karoon said it is ...

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Karoon said acquisition of the vessel could significantly improve Baúna profitability through better FPSO efficiency and reduce unit operating costs by $4-6/bbl from 2026.

MODEC has entered into a front-end engineering and design (FEED) contract with SAMSUNG E&A for an offshore carbon capture ...

MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon ...

What do you do when two anchor chains on your Brazilian FPSO rented to you by another company fail and impact oil production?

Analysts continue to have a favourable view of MISC Bhd, given its steady operating cash flow and solid balance sheet that ...

The Japanese-built FPSO was last sold in an internal deal in 2014 for $57m, when Teekay Corp moved it to spin-off Teekay ...

The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from ...

Petróleo Brasileiro S.A. - Petrobras PBR has started oil production from its deepwater project offshore southeast Brazil with its largest floating production, storage, and offloading (FPSO ...