The sale, expected to close by the end of the second quarter, includes a $100 million payment due to BW Offshore before the two sides’ existing contract for the FPSO expires on 18 March.

The One Guyana FPSO vessel was built by SBM Offshore (OTCPK:SBFFF) with a 250K bbl/day production capacity; once it is installed, the consortium plans to raise production capacity to 940K bbl/day ...

The Alexandre de Gusmao floating production, storage and offloading vessel has arrived at the giant Mero pre-salt field in Brazil’s prolific Santos basin, as it prepares to begin operations for ...