Category: FPOs/FPSOs
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Seatrium doubles FY2025 net profit to over $250m
Seatrium has delivered net profit of SG$323.6 million (US$256.1 million) for the financial year ended December 31, 2025, a 106 per cent increase from SG$156.8 million (US$124.1 million) in the preceding financial year. Seatrium said the improved performance reflects disciplined project execution as well as margin expansion driven by improved operating leverage and series-build efficiencies,…
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Romania’s Glo Marine to invest €6m in vessel retrofitting facility
Romanian engineering company Glo Marine will establish a new integrated assembly and production facility in Galați. The €6 million (US$7 million) facility will combine engineering, fabrication, electrical integration, and system pre-assembly to enhance Glo Marine’s vessel retrofitting capabilities. Construction is currently underway, with completion scheduled by the end of the year and production set to…
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ExxonMobil Guyana completes purchase of FPSO One Guyana
ExxonMobil Guyana completes purchase of FPSO One Guyana Jens Karsten Go to baird maritime
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Malaysia’s Maharani Energy Gateway opens new freeport in Johor
Malaysia’s Maharani Energy Gateway opens new freeport in Johor Jens Karsten Go to baird maritime
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Allseas to install 500-kilometre pipeline system for Enbridge in US Gulf
Allseas to install 500-kilometre pipeline system for Enbridge in US Gulf Nelson E. Dela Cruz Go to baird maritime
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LLOG Exploration Offshore eyes sale, valued at over $3b
LLOG Exploration Offshore eyes sale, valued at over $3b Reuters Go to baird maritime
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ASL Marine assures assistance being extended to victims, families following deadly blast
ASL Marine assures assistance being extended to victims, families following deadly blast Gareth Havelock Go to baird maritime
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Protest erupts at ASL’s Indonesia shipyard in wake of deadly blast on FSO
Protest erupts at ASL’s Indonesia shipyard in wake of deadly blast on FSO Gareth Havelock Go to baird maritime
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Eni, YPF finalise Argentina LNG partnership using offshore units
Eni, YPF finalise Argentina LNG partnership using offshore units Reuters Go to baird maritime
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Petrobras’ new FPSO arrives at Buzios field off Brazil
Petrobras’ new FPSO arrives at Buzios field off Brazil Jens Karsten Go to baird maritime
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BW Offshore’s newest FPSO achieves first gas at Barossa project off Australia
BW Offshore’s newest FPSO achieves first gas at Barossa project off Australia Jens Karsten Go to baird maritime
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Chinese-Norwegian collaboration to develop floating ammonia production facility
Chinese-Norwegian collaboration to develop floating ammonia production facility Gareth Havelock Go to baird maritime
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Golar taps Singapore yard for FLNG upgrade
Golar taps Singapore yard for FLNG upgrade Gareth Havelock Go to baird maritime
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Offshore Vessel News Roundup | August 28 – CSOV deliveries, FLNG Africa deployment and more
Offshore Vessel News Roundup | August 28 – CSOV deliveries, FLNG Africa deployment and more Baird Maritime Go to baird maritime
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Eni’s newest FLNG departs for Congo
Eni’s newest FLNG departs for Congo Jens Karsten Go to baird maritime
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Amigo LNG joint venture taps Dubai shipyard for EPC work on FLNGs and FSUs
Amigo LNG joint venture taps Dubai shipyard for EPC work on FLNGs and FSUs Jens Karsten Go to baird maritime
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Petrobras Q2 2025 net profit hits nearly $5b due to increased production
Petrobras Q2 2025 net profit hits nearly $5b due to increased production Jens Karsten Go to baird maritime
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Beacon starts production at Shenandoah field, sanctions south expansion
Beacon starts production at Shenandoah field, sanctions south expansion Alan Bosworth Go to baird maritime
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Exxon consortium to begin installation of FPSO One Guyana
Exxon consortium to begin installation of FPSO One Guyana Reuters Go to baird maritime
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SBM Offshore signs $400m sale and leaseback agreement for FPSO Cidade de Paraty
SBM Offshore signs $400m sale and leaseback agreement for FPSO Cidade de Paraty Alex Go to baird maritime
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Petrobras considers cancelling FPSO tender after high bid, sources say
Petrobras considers cancelling FPSO tender after high bid, sources say Reuters Go to baird maritime