Full year guidance remains unchanged, and last quarter’s CapEx forecast was reduced by 10% without impacting production or sales for 2025. For Q3 2025, production is forecasted between 18,900 and ...

FINANCIALS EBITDA for the fourth quarter of 2025 was USD 47.8 million (USD 43.9 million in Q3 2025), reflecting strong operational performance from the fleet. EBIT for the fourth quarter was USD 27.5 ...

VAALCO Energy's JV with Canadian Natural Resources has completed major FPSO repairs, lowering risk and boosting cash flow.

South America continues to dominate the global FPSO landscape, awarding nearly half of all new floating production units over the past five years. With Petrobras and ExxonMobil responsible for more ...

BW Energy is pleased to announce the completion of a USD 365 million project finance facility, backed by China Export & Credit Insurance Corporation (“Sinosure”), to fund the refurbishment and ...

Tangen, CEO of SBM Offshore, commented: “2025 was a year of strong delivery for SBM Offshore. Our teams have once again raised the bar in operational excellence by flawlessly starting three of the ...

Norway's leading FPSO contractor is targeting three new contract wins by 2030 as part of a refreshed commitment to a sector where it has struggled to secure new contracts in recent years and faced ...

South America is set to retain global leadership in FPSO deployments through 2030 despite inflation, local content pressures, and supply-chain bottlenecks reshaping project execution.

MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) ...