As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) ...

Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field ...

However, analysts have cautioned that FPSO projects remain dogged by cost overruns and delayed start-ups, dampening optimism over a revival of a sector that has been in the doldrums in recent years.

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 ...

HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday. The floating ...

ABB Lummus Global recently accepted an offer in principle from Keppel and J Ray for the purchase of ABB's US and foreign patents on its floating production system concepts. The patented designs ...