Tag: Floating Production Storage and Offloading Vessel (FPSO).

• Wednesday, October 29th 2025 - 11:29 UTC

  Petrobras' output reaches 3.14 million barrels a day in 3Q of 2025

  

  Brazil’s state-run oil company Petrobras achieved an average production of oil, natural gas liquids, and natural gas of 3.14 million barrels of oil equivalent per day in the third quarter of 2025, or 7.6% more than in the second quarter of this year and 16.9% higher than in the third quarter of 2024.

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• Tuesday, November 26th 2024 - 10:45 UTC

  Falklands, larger oil reserves at Sea Lion development; independent resource report contracted by operator Navitas

  

  Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin (“NFB”), has reported on the recent update published by Navitas Petroleum LP on Sea Lion development progress, which includes an updated NFB independent resource report conducted by Netherland Sewell & Associates (“NSAI”) (the “October 2024 NSAI Independent Report”) on behalf of Navitas.

• Wednesday, July 27th 2022 - 09:32 UTC

  Falklands extends oil licenses two years for farm-in Rockhopper/Navitas accord

  

  Positive news for Falklands' oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel's Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.

• Thursday, January 23rd 2020 - 19:30 UTC

  Falklands' oil company lays out plans for production: 85.000 bpd at peak output

  

  At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.

• Friday, April 26th 2019 - 05:59 UTC

  Guyana oil jackpot: ExxonMobil has made its 13th discovery offshore

  

  The find was made at the Yellowtail-1 Well and represents the third discovery for this year and the fifth in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.

• Thursday, October 4th 2018 - 07:20 UTC

  Four FPSO planned for the Falklands by 2025, according to oil industry reports

  

  The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.

• Monday, February 5th 2018 - 05:16 UTC

  Falklands' oil industry expected to receive an FPSO by 2022

  

  A total of 55 planned and announced floating production, storage, and offloading units (FPSOs) are expected to begin operations by 2022 worldwide, according to a report by GlobalData. In the South American list Brazil figures with 24 FPSOs, plus the Falkland Islands and Guyana with one each.

• Tuesday, August 23rd 2016 - 06:37 UTC

  Premier Oil currently drafting a Project Proposal for oil production in the Falklands

  

  The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.