FPSO Archives - Energy Analytics Institute (EAI)

Brava Energia buys 50% interest Tartaruga Verde from Petronas Petróleo Brasil Ltda. for $450mn

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 16.Jan.2026, Words: 396) — Brava Energia S.A. entered into an agreement for the acquisition of the entire […]

Brazil’s Petrobras surpasses 2025 production targets, up 11% v 2024

RIO DE JANEIRO, BRAZIL (By Petrobras, 15.Jan.2026, Words: 367) — Petrobras announces that, in 2025, its oil production reached 2.40 million barrels of oil per day […]

Petrobras starts production at Búzios 6

RIO DE JANEIRO, BRAZIL (By Petrobras, 2.Jan.2026, Words: 563) — Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in […]

EAI fact sheet: Pemex’ Yuum K’ak’ Náab FPSO unit

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 14.Dec.2025, Words: 123) — State-owned Pemex assumed ownership and operation of the floating production, storage and […]

Petrobras releases 3Q:25 production and sales report [pdf download]

RIO DE JANEIRO, BRAZIL (By Petrobras, 24.Oct.2025, Words: 198) — In 3Q:25, average production of oil, NGL, and natural gas reached 3.14 MMboe/d, 7.6% above […]

CNOOC announces Yellowtail project commences production offshore Guyana

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Aug.2025, Words: 226) — CNOOC Limited confirmed the Yellowtail project offshore Guyana in the Stabroek block, […]

Guyana production capacity at 900,000 b/d with start of 4th offshore project Yellowtail

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Aug.2025, Words: 288) — ExxonMobil Guyana announced the start of production at Yellowtail, the company’s fourth […]

Petrobras reports production of 2.9 MMboe/d in 2Q:25 [pdf download]

RIO DE JANEIRO, BRAZIL (By Petrobras, 29.Jul.2025, Words: 357) — Average production of oil, NGL and natural gas was 2.91 MMboed in 2Q:25, 5.0% higher […]

Seatrium to propel offshore innovation with first turnkey FPSO delivery to Petrobras

SINGAPORE, SINGAPORE (By Seatrium, 16.Jul.2025, Words: 500) — Seatrium Limited announced the impending delivery of the PETROBRAS 78 (P-78) – the first of a series […]

EnerMech secures contract for Dana Petroleum’s Triton FPSO

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Jul.2025, Words: 179) — EnerMech has been awarded a 3-year fixed term contract with a further 2 […]

ABB wins electrical and automation contract for next generation of Petrobras FPSOs

SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 10.Jun.2025, Words: 380) — ABB has been awarded a large order by Seatrium, a global provider of marine […]

The 180,000 b/d FPSO Alexandre de Gusmão begins operations in the Mero field

SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 24.May.2025, Words: 362) — Petrobras said the floating production storage and offloading (FPSO) vessel Alexandre de Gusmão began […]

Subsea 7 awarded sizable contract offshore West Africa

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 21.May.2025, Words: 152) — Subsea 7 announced the award of a sizable — valued between $50mn-$150mn — subsea contract […]

Petrobras reports 1Q:25 financial and operational results

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 12.May.2025, Words: 677) — Petrobras reported adjusted EBITDA excluding 1-off events reached $10.7bn in the first-quarter 2025 […]

Guyana eyes 10 years of double-digit GDP growth, anchored by rising Stabroek production

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 9.May.2025, Words: 330) — Guyana’s economy grew at an average rate of 40.9% between 2020-2024, which marked […]

Bharrat Jagdeo says Guyana pondering piped-gas exports to Trinidad and Tobago

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.Apr.2025, Words: 389) — Oil-rich Guyana is pondering potential piped natural gas exports to neighboring Trinidad and […]

ExxonMobil Guyana awards MODEC contract for Hammerhead FPSO to be moored in Stabroek

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Apr.2025, Words: 320) — ExxonMobil Guyana Limited awarded MODEC, Inc. a contract to develop a floating […]

ONE GUYANA FPSO reaches Guyana, joins Destiny, Unity and Prosperity in Stabroek

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2025, Words: 235) — The ONE GUYANA floating, production, storage and offloading (FPSO) unit, the fourth […]

Brava Energia starts production at 4H and 5H wells offshore Brazil

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 14.Apr.2025) — Brava Energia SA said production started at the 4H and 5H wells, which are currently […]

ExxonMobil again accused by Delcy Rodríguez of stoking aggression against Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Apr.2025, Words: 267) — Venezuela’s executive vice president and hydrocarbon minister Delcy Rodríguez strongly denounced what she […]

ExxonMobil submits application to EPA for Longtail project offshore Guyana

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 17.Mar.2025) — ExxonMobil Guyana Limited (EMGL) submitted an application to the Environmental Protection Agency (EPA) for environmental authorization […]

New Wave Offshore Energy to Conduct MWS for ExxonMobil’s Whiptail Project Offshore Guyana

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Mar.2025) — New Wave Offshore Energy has been selected to conduct the Marine Warranty Survey (MWS) for […]

Liza Unity FPSO World’s First to Receive ABS SUSTAIN-2 Notation

HOUSTON, TEXAS (Lukas von Koch, Energy Analytics Institute, 12.Mar.2025) — The American Bureau of Shipping (ABS)-classed Liza Unity floating production storage and offloading (FPSO) unit […]

Petrobras Eyes 2.5 MMb/d Production Milestone by 2027, CEO Chambriard Says

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 26.Feb.2025) — Petrobras looks to boosts its oil production by 100,000 barrels per day (b/d) as it […]

Petrobras Selects SBM Offshore for FPSO Carbon Capture Solution

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Feb.2025) — SBM Offshore will carry out a study with state-owned Petrobras for the application of carbon […]

ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil […]

Exxon Applies for Longtail Environmental Permits: Reuters

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Feb.2025) — Spring, Texas-based ExxonMobil Corporation has reportedly applied for environmental permits related to its Longtail development […]

Exxon Selects Baker Hughes for Chemicals Services for Uaru and Whiptail Developments

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Feb.2025) — Baker Hughes revealed a significant award from ExxonMobil Guyana to provide specialty chemicals and related […]

Petrobras reported natural gas sales of 50 MMcm/d in 2024

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 3.Feb.2025) — Petrobras reported average natural gas sales of 47 million cubic meters per day (MMcm/d) in […]

Petrobras Hits 2024 Production Targets

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 27.Jan.2025) — Petrobras achieved all the 2024 production targets that were established in its Strategic Plan 2024-2028+, […]

Fact sheet: $30.25/bbl breakeven for first 4 Stabroek developments offshore Guyana

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025, Words: 581) — Not even crude oil prices down to $35/bbl will impact the ability […]

Greater Tortue Ahmeyim LNG Flows First Gas Offshore Mauritania and Senegal

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 2.Jan.2025) — bp has begun flowing gas from wells at the GTA Phase1 liquefied natural gas (LNG) project […]

Brava Energia gets ANP approval to start production at Atlanta FPSO

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 30.Dec.2024) — Brava Energia SA has received authorization on 30 Dec. 2024 from Brazil’s National Agency of […]

SBM says FPSO Alexandre de Gusmão leaves China for Brazil

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024, Words: 428) — The floating production storage and offloading (FPSO) Alexandre de Gusmão has left the […]

Petrobras eyes 10 FPSOs by 2029 with 1.8 MMb/d of production capacity

MEXICO CITY, MEXICO (Pietro D. Pitts, Energy Analytics Institute, 10.Dec.2024, Words: 1,007) — Rio de Janeiro-based Petrobras has an eye on 17 floating production storage […]

Petrobras Starts Procurement for SEAP in Sergipe-Alagoas Basin

(Energy Analytics Institute, 29.Nov.2024) — Petrobras initiated a new procurement process for the construction of up to two FPSO oil production units for the Sergipe […]

SBM Offshore completes $1.5bn FPSO Jaguar financing

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 21.Nov.2024) — SBM Offshore completed the project financing of the floating production storage and offloading (FPSO) vessel Jaguar […]

Petrobras Reports 3Q:24 Output of 2.7 MMboe/d (PDF Download)

(Petrobras, 28.Oct.2024) — In 3Q:24, Petrobras‘ total production of oil, NGL and natural gas reached 2,689 Mboed, in line with 2QÑ24. The highlights were the […]

MODEC Announces Establishment of OFS India

(Energy Analytics Institute, 4.Oct.2024) — MODEC, Inc. announced that Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Singapore, is partnering with Toyo […]

Johan Castberg Anchored in the Barents Sea

(Equinor, 17.Sep.2024) — The floating production, storage and offloading vessel (FPSO) is now securely anchored on the Johan Castberg field in the Barents Sea. The […]

Sepetiba Platform Reaches Top Pre-salt Production

(Petrobras, 28.Aug.2024) — The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in […]

FPSO Almirante Tamandaré Departs for Brazil from Shipyard in China

(Petrobras, 31.Jul.2024) — The Almirante Tamandaré platform ship left the CMHI shipyard in China on 31 July 2024, bound for the Búzios field. The FPSO (floating […]

Petrobras Says FPSO Maria Quitéria en Route to Brazil

(Petrobras, 19.Jun.2024) — Petrobras said the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is […]

Woodside Achieves First Oil at Sangomar Offshore Senegal

(Woodside, 11.Jun.2024) — Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project. […]

TotalEnergies, APA Corp. and Staatsolie Progress towards FID on Block 58

(TotalEnergies, 5.Jun.2024) — On the occasion of the 2024 Suriname Energy Oil and Gas Summit, Javier Rielo, Senior Vice President Americas, Exploration & Production for […]

Mega Gas Project off Africa Nears Final Stages Before Start-up

(bp, 4.Jun.2024) — Seven years in the making, something remarkable is taking shape in the ocean where Mauritania and Senegal meet. A project, which includes a […]

Mega Gas Project off Africa Nears Final Stages before Start-up

(bp, 4.Jun.2024) — It takes extraordinary engineering and technology to keep the world supplied with energy. The latest example – one of bp’s biggest-ever projects – […]

Petrobras Highlights 4Q:23 Production and Sales [PDF Download]

(Petrobras, 8.Feb.2024) — In 2023, Petrobras delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and […]

Hess Reports 4Q:23 Results, Updates on Payara [PDF Download]

(Hess, 31.Jan.2024) — Hess Corporation (NYSE: HES) reported net income of $413mn, or $1.34 per share, in the fourth quarter of 2023, compared with net […]

Sangomar FPSO Sets Sail for Senegal

(Woodside, 27.Dec.2023) — Woodside Energy has achieved another significant step forward for the Sangomar Project with the sail away from Singapore of the Léopold Sédar Senghor […]