Latest Floating Production Storage and Offloading Stories

THE HAGUE, The Netherlands, May 8, 2013 /PRNewswire/ -- Royal Dutch Shell plc (Shell) (NYSE:RDS.A) (NYSE:RDS.B) today announces a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating production, storage, and offloading (FPSO) vessel and subsea infrastructure. The development will start...

KYIV, Ukraine, April 24, 2013 /PRNewswire/ -- American LNG solutions company Excelerate Energy will place a floating storage and regasification unit (FSRU) in the Black Sea near the southern Ukrainian city of Odesa. Such is the outcome of the agreement signed between the company and the Ukrainian state enterprise LNG Terminal National Project, as reported by the official website of the State Agency for Investment and National Projects of Ukraine. The FSRU is expected to...

ALBANY, New York, April 18, 2013 /PRNewswire/ -- New Market Research Report Added in MarketResearchReports.Biz Reports Database Floating Production Storage and Offloading (FPSO) Industry - Global Market Analysis, Competitive Landscape and Planned Projects to 2016 [http://www.marketresearchreports.biz/analysis/166474 ] Floating Production Storage and Offloading (FPSO) Industry - Global Market Analysis, Competitive Landscape and Planned Projects to 2016, is the latest...

HOUSTON, March 14, 2013 /PRNewswire/ --VAALCO Energy, Inc. (NYSE: EGY) today reported results for the fourth quarter and full-year 2012. (Logo: http://photos.prnewswire.com/prnh/20100316/NY71495LOGO) For the 2012 fourth quarter, VAALCO reported a net loss attributable to VAALCO of $18.9 million, or $0.33 per diluted share, compared to net income attributable to VAALCO of $8.7 million, or $0.15 per diluted share, for the comparable period in 2011. For the year ended December 31,...

HOUSTON, March 13, 2013 /PRNewswire/ -- Wood Group Kenny has been awarded a contract by Saipem for the engineering analysis and configuration design of the steel lazy-wave riser (SLWR) system for the Sapinhoa Norte pre-salt field, approximately 300km off the coasts of Rio de Janeiro and Sao Paulo states in Brazil. This award follows tender support work and conceptual riser engineering that Wood Group Kenny provided to Saipem in Paris at the original bid stage of this project. Saipem...

SHANGHAI, Feb. 28, 2013 /PRNewswire/ -- Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today agreement with EDF Trading and Exmar NV to support their collective endeavors to pursue LNG export opportunities in North America using offshore, barge-mounted natural gas liquefaction facilities developed by Exmar, Wison and Black & Veatch. Under the agreement, Wison would be responsible for the turnkey engineering, procurement,...

Leading Korean shipbuilding and offshore company uses Intergraph technology for data handover of major offshore project in Australia HUNTSVILLE, Ala., Feb. 27, 2013 /PRNewswire/ -- Daewoo Shipbuilding & Marine Engineering Company Limited (DSME) has selected Intergraph(®) SmartPlant(®) Enterprise solutions for operations and maintenance data handover of the INPEX Ichthys LNG Project in Australia. INPEX, operator of the Ichthys LNG Project, had chosen Korea-based DSME to...

DES PLAINES, Ill., Nov. 28, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced that its technology has been selected by Petrobras to process natural gas aboard up to eight Floating Production, Storage and Offloading (FPSO) vessels. Honeywell's UOP Separex((TM)) membrane systems will be installed on the new FPSOs that will operate in the Lula oil field. Each Separex membrane system will remove carbon dioxide and water from as much as 6 million standard cubic...

HOUSTON, Oct. 16, 2012 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") today announced that Allied Energy PLC ("Allied"), an affiliate of the Company's largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has contracted Wellstream International Limited ("Wellstream") to design, engineer, and manufacture the production flowline and production riser for the completion of the Oyo #7 well currently scheduled to spud in the first...

SEOUL, South Korea, Sept. 18, 2012 /PRNewswire/ -- On September 14, 2012, DSME held a steel cutting ceremony for Excelerate Energy's LNG regasification vessel Hull No. 2402, signifying the commencement of the construction process for the vessel. This vessel will ultimately provide service to Petrobras under long-term charter for its VT3 project in Guanabara Bay, Brazil, and is expected to be operational in the first half of 2014. (Photo:...