VIDEO: Hook-Up of Liza Unity FPSO Offshore Guyana

(OE) Liza Unity is the second floating production, storage, and offloading unit of several expected to be deployed at ExxonMobil's Stabroek block off Guyana in the years to come. The FPSO, delivered by the Dutch FPSO specialist SBM Offshore, started producing oil in February. At peak, the FPSO will produce 220,000 barrels of oil per day.  For... Continue Reading →

SBM Offshore First Quarter 2022 Update

Highlights Year-to-date Directional1 revenue of US$970 million, in line with expectationFull year 2022 Revenue and EBITDA guidance maintainedCash dividend of US$1 per ordinary share paid, 13% year-on-year increase and representing c. 7% yield2FPSO Liza Unity delivered on time and on budgetFPSO ONE GUYANA award confirmed, to be added to the backlog Financial Overview   YTD Directional     in... Continue Reading →

Keppel O&M Wins FPSO Integration Work Worth $180.4M

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO). Keppel Offshore & Marine, which is set to merge with Semcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore,... Continue Reading →

TechnipFMC Gets Notice to Proceed, Wins More Work at Exxon’s Yellowtail Project Offshore Guyana

Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced, "significant" flexibles contract covers six risers that are qualified for high pressure and high temperature.  For TechnipFMC, a “significant” contract is between $75 million and $250... Continue Reading →

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