FPSO design outfit Sidvin Core-tech plans to concentrate on the deep-water engineering segment, where it has developed its expertise over the years. “We are not doing shallow water, and we will ...

American Bureau of Shipping (ABS) has awarded Hanwha Ocean an Approval in Principle (AIP) for its Pre-FEED standard FPSO design intended to create an asset optimized for deployment in the deep waters ...

Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership ...

The contract is a limited notice to proceed (LNTP) by ExxonMobil Guyana, pending necessary government and regulatory approval, the service provider said in a release Apr. 21. Phase one encompasses ...

Singaporean offshore and marine giant Seatrium has confirmed its newly-launched design of a floating production, storage and offloading vessel is tailored for the Brazil deepwater market. Seatrium's ...

ExxonMobil Guyana Ltd. has let a Phase 2 contract to MODEC Inc. for a floating production storage, and offloading (FPSO) vessel for the Hammerhead project. The contract is for a full engineering, ...

The UKOOA has published a set of guidelines for the design of FPSOs destined for service on the UK Continental Shelf. The UK Offshore Operators Association has published a set of guidelines for the ...

HOUSTON, April 3, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its Canadian entity, KBR Industrial Canada Co., has received a Letter of Intent (LOI) from Equinor Canada for the front-end ...

First quarter results 2026 HIGHLIGHTS Q1 EBITDA of USD 47.9 million and operating cash flow of USD 43.3 millionRobust balance sheet with USD 568 million in available liquidityQ1 cash dividend of USD 0 ...

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante ...