Veolia (Paris, France) and SBM Offshore, world leader in deepwater ocean-infrastructure, announced the signing of a ...

Partnership combines Veolia's world-leading water technologies and desalination expertise with SBM's offshore engineering capabilities to deploy innovative freshwater floating production units.

Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field ...

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) ...

BP plc BP, the British oil and gas giant, has awarded a contract to SBM Offshore to assist with the installation of the Kaskida semi-submersible Floating Production Unit (FPU). Per the terms of the ...

However, analysts have cautioned that FPSO projects remain dogged by cost overruns and delayed start-ups, dampening optimism over a revival of a sector that has been in the doldrums in recent years.