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 ...

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

Learn more Petrobras has started oil production at the Búzios 8 project via the P-79 floating production, storage, 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 ...

Harbour Energy and its partners in the Catcher oilfield in the UK North Sea have extended until the end of 2030 the contract for the leased production facility on the field. The production facility is ...

Shell resumes production at Penguins field with new FPSO, its first North Sea facility in more than 20 years. Penguins field targets peak output of 45,000 boe/d, with 100M boe in estimated recoverable ...

An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR)) is now available. On May 1, 2026, Petrobras started production from the P-79 FPSO at the Búzios field in the Santos Basin, bringing the ...