The global Floating Production Storage and Offloading (FPSO) market, valued at $23.04 billion in 2023, is projected to reach $33.32 billion by 2029, growing at a CAGR of 6.34%. Growth is driven by ...

Covington-based LLOG Exploration Offshore, a privately owned deepwater energy company, has reached first production at its Salamanca Floating Production Unit in Keathley Canyon 689, approximately ...

BP plc BP, the British oil and gas giant, has awarded a contract to SBM Offshore to assist with the installation of the Kaskida semi-submersible Floating Production Unit (FPU). Per the terms of the ...

Offshore pipeline transportation segment margin-- Delivered a sequential 16% improvement in the third quarter, with further growth expected as Shenandoah and Salamanca production ramps up. Shenandoah ...

Floating production players and offshore oil and gas operators are developing carbon-capture modules as a key component of broader sustainability strategies, targeting the 70% of emissions on floating ...

As part of a consortium, Technip was awarded by Shtokman Development AG an engineering contract for the floating production unit for the offshore portion of the first phase of the integrated ...

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The ...

BP Exploration and Production let a contract to SBM Offshore USA for the wet tow and installation of a floating produciton unit for Kaskida. Start-up is expected in 2029 and is expected to produce ...