Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating ...

Chinese contractor Wison New Energies has received Approval in Principle (AiP) for a new harsh-environment floating ...

Dutch company SBM Offshore has announced the sailaway of the last two modules for the Turret Mooring System built for Equinor's Johan Castberg FPSO which will, once completed, be deployed in the ...

London Marine Consultants (LMC) has been awarded a US$19 million contract to retrofit a turret mooring system on the floating production, storage and offloading vessel bound for the Layang field off ...

Woodside Energy Ltd. has progressed a decommissioning project at Enfield oil field offshore Western Australia with the successful lift of the riser turret mooring of the Nganhurra FPSO. Woodside ...

Market was valued at USD 1.41 billion in 2025 and is projected to increase at a CAGR of 7.28% to reach USD 2.44 billion by 2035. Growing offshore oil and gas exploration, especially in deepwater and ...

FPSO investments have increased by 50% in 2023, with significant growth expected to continue, driven largely by projects in South America. The FPSO sector is focusing on integrating new technologies ...

Woodside has awarded SBM Offhsore an LOI worth US $145 million to replace the current FPSO Cossack Pioneer with the Okha FSO, as well as convert the Okha into an FPSO with a disconnectable turret. SBM ...