The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from ...

Located in deepwater Block 15/06, Agogo has been exploited in a phased manner, with the FPSO lying at the heart of a ...

Following 24 months of construction, China on Thursday officially delivered the world's first offshore floating production ...

Stella Maris CCS was granted €225m from the EU's Innovation fund and holds a 40% stake in the Havstjerne Reservoir ...

The Japanese-built FPSO was last sold in an internal deal in 2014 for $57m, when Teekay Corp moved it to spin-off Teekay ...

Nigeria aims to increase its oil production by 1 million barrels per day by December 2026, driven by a crackdown on oil theft ...

The floating production storage and offloading unit carries technology designed to mitigate its environmental impact.

Contractor's share price hits level not seen since 2008, as it targets 16 'sweet spot' projects in next three years ...

By Dimitri Rhodes and Johan BODINIER (Reuters) -Dutch oil and gas services company SBM Offshore reported a 35% jump in annual revenue to a record high on Thursday, driven by the sale of its floating ...

XOM is gearing up for its eighth project in Guyana, known as the Longtail project, which will be the first one to produce gas ...

Once the floating production storage and offloading (FPSO) vessel is installed, the consortium plans to boost output capacity to 940,000 barrels per day (bpd) later this year. The group produced ...