FPSO – Featured News

FPSO – Featured News

Egina FPSO Leaves SHI`s Geoje Shipyard

One of the world’s largest FPSOs, at an initial Contract Price of USD 3 billion, leaves for Nigeria – Gigantic floater boasts 2.3 million barrels of storage capacity and topsides weighing 60,000 ton – Local contents portion in Nigeria remains, delivery in 2018 Samsung Heavy Industr...Read More

Daewoo Shipbuilding About to Sign New Offshore Plant Contract

According to industry sources, Daewoo Shipbuilding & Marine Engineering (DSME) is expected to sign a new contract with Norwegian oil company Statoil. Estimated to have a total value of 650 billion won (US$580 million), the contract is to build the hull and living quarter of a floating production...Read More

DSME delivers 4th offshore platform out of 5 due this year

South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME) has successfully delivered its floating production storage and offloading (FPSO) vessel to Japan-based Inpex Corporation on schedule, a move that would help the financially-troubled shipbuilder to be better off this year. Accordin...Read More

New Fresh Water Generators for Pionerio de Libra FPSO

Dutch water treatment specialist Hatenboer-Water has supplied three fresh water generators for the Pioneiro de Libra oil production vessel built by Jurong Shipyard Pte Ltd. The order consists of three reverse osmosis type fresh water generators. Two of the generators are topside installations in hea...Read More



Chevron Cancels $1.8 Billion FPSO Order at Hyundai Heavy Industries

South Korean shipbuilder Hyunday Heavy Industries confirmed Wednesday that Chevron has cancelled a $1.8 billion (2.1 trillion won) order for a floating production storage offloading (FPSO) destined for Chevron’s Rosebank project in the UK North Sea. “As the process to build the offshore plant has no...Read More

Samsung Heavy Cancels $776.8 mln LNG FPSO Order

South Korean shipbuilder Samsung Heavy Industries (010140.KS) (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefied natural gas (LNGLF) (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an unnamed European buyer bac...Read More

Floating production market shows signs of recovery

While only a few floating production systems have been ordered this year, Energy Maritime Associates (EMA) says it expects the market to improve next year. In its “4Q 2016 Floating Production Systems Report,” EMA reviewed the market for floating production systems, including FPSOs, FLNGs, FSRUs, TLP...Read More

Lundin terminates M3nergy FPSO deal

Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal was inked in 22 January with the M3nergy Berhad subsidiary. Mean...Read More

Oil production starts at third FPSO unit off the shore of Brazil

In July, a third floating production, storage, and offloading (FPSO) unit deployed by NYK for the BM-S-11 consortium through a joint venture company started oil production in a pre-salt area off Brazil, the company said in its press release. This FPSO unit, FPSO Cidade de Saquarema, is owned by a sh...Read More

OneSubsea nets $300mn EPC contract with Woodside

OneSubsea said it has won an engineering, procurement and construction contract worth $300million from Woodside Energy.   The Schlumberger unit will supply six horizontal Spooltree subsea tress, six horizontal trees for the water injection system,six multiphase meters, a high-boost dual pump st...Read More

BW Offshore Gets Breathing Space

Global operator of floating production storage and offloading (FPSO) units BW Offshore Limited has received an approval for its long-term financial platform as it aims to secure future liquidity. The company has now received the required consents from all of its lending banks to implement the earlie...Read More

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