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ExxonMobil
Big Oil Companies

ExxonMobil buys FPSO Liza Destiny from SBM Offshore

December 20, 2024 Mariel Alumit

SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Liza Destiny from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term which would […]

First crude oil offtake
Crude Oil News

First crude oil offtake from new FPSO represents ‘historic achievement in India’s energy sector’

March 4, 2024 Mariel Alumit

India’s government-owned energy giant Oil & Natural Gas Corporation (ONGC) has held a flag-off ceremony for the first crude oil offtake from a floating production, storage, and offloading (FPSO) vessel, which is working at what […]

Oil
Big Oil Companies

Big Oil Is Backing Rhetoric With Capital, Per Goldman Sachs

July 20, 2023 Mariel Alumit

Throughout this year, executives from oil majors and big independents have detailed plans to commit larger shares of their capital budgets to their core businesses of finding and developing reserves of oil and natural gas. […]

China Steps Up Game With 1st ‘Floating Oil Factory’
AI

China Steps Up Game With 1st ‘Floating Oil Factory’

June 18, 2023 Mariel Alumit

China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country’s application of the digital twin technology. The offshore oil and gas FPSO with a […]

operators
Big Oil Companies

Top 5 projects to watch: operators advance field development plans

April 27, 2023 Mariel Alumit

Buoyed by high prices and rising energy demand, offshore operators and international oil companies are advancing plans for field development projects, and 2023 looks to be a busy year for offshore construction projects. With that […]

Berge-Helene-source-BW
Exploration and Production

BW Offshore braces for FPSO impairments

February 10, 2021 Stu Turley

The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore said on Wednesday. According to BW Offshore, the impairments reflect continued uncertainty around redeployment and extension for certain older […]

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