Nigeria has proudly launched its first locally owned floating production, storage, and offloading (FPSO) vessel, the FPSO Emem, by Oriental Energy Resources. This milestone signifies local producers’ growing capabilities in managing offshore developments, traditionally dominated by international companies. The FPSO aims to enhance production in the Okwok field, targeting 30,000 barrels per day.
Equinor’s FPSO Bacalhau has begun oil production in Brazil’s Bacalhau field, marking a significant milestone for the company. This advanced vessel, capable of producing 220,000 barrels daily, is pivotal for Equinor’s sustainability goals and aims to generate over $5 billion in free cash flow by 2030, enhancing Brazil’s energy landscape.
A dispute between Petrobras and Gerdau has caused a year-long delay in dismantling an oil production vessel in Brazil, impacting local shipyards. The vessel, FPSO P-32, was set for decommissioning by 2024, but work only began last month due to disagreements over petroleum residue removal. Efforts are underway to resolve the conflict and meet the deadline.
Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, a subsidiary of SBM Offshore, are collaborating to explore CO2 capture modules on future FPSOs for Petrobras. The study focuses on integrating MHI’s CO2 capture technology and SBM’s Fast4Ward principles to capture emissions from gas turbines. This partnership signifies a crucial step towards decarbonization in the maritime industry.
