Pirates kidnap 9 Nigerians from FPSO

  Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and…

Bumi Armada sells its FPSO for $40m

Malaysia-based floating production storage and offloading (FPSO) provider Bumi Armada Berhad has sold its Armada Perdana…

Samsung Heavy secures $970m FPSO order 

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a…

Shell exercises $1bn cash purchase option for FPSO

Oil major Shell has exercised a $1bn cash purchase option for a SBM Offshore majority-owned FPSO…

Teekay’s FPSO cited for safety issues

The Norwegian Petroleum Safety Authority has flagged the Teekay-owned Petrojarl Knarr FPSO with several “non-conformities” that must…

Hyundai Heavy loses USD1.9bn FPSO order

Chevron North Sea Limited has cancelled its order for a Floating Production Storage Offloading (FPSO) unit…

Samsung Heavy says $776m order for FPSO facility cancelled

Samsung Heavy Industries Co Ltd said on Friday that a 907.6 billion won ($776.8 million) order…

50,000 jobs underway as LADOL, Samsung reinvigorate Egina FPSO partnership

Fresh hopes have emerged for the successful implementation of the Egina oil and gas project valued…

$3.8bn Egina FPSO: LADOL accuses Samsung of breaching court order

The lingering litigation over a $3.8 billion Egina oil platform project between the Lagos Deep Offshore…

Malaysian firm, Bumi Armada, bags $60 billion contract offshore Nigeria

Malaysian oil field services firm, Bumi Armada Bhd, said it has secured $381 million (N60.96 billion)…

Protracted legal tussle may delay Egina FPSO project as court adjourns to March 11

Hopes of  an early resolution of litigations over a $3.8 billion Egina oil platform project between the…