BW Energy completes $73 million acquisition of FPSO Cidade de Vitoria
As BW Energy completes the acquisition of FPSO Cidade de Vitória from Saipem SpA. Positioned in Brazil’s Golfinho field, this FPSO, now under BW Energy’s operational control, marks a strategic move for efficient production growth.
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Modec FPSO starts up amid $3.6 billion Campos basin production drive
Supplied by Japanese floater specialist Modec, the Anita Garibaldi will be able to handle 80,000 barrels per day of oil and 7 million cubic metres per day of natural gas.
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How big is the Oil Market?
The oil market is bigger than top 7 metal markets combined in terms of prodution value, surpassing $2 trillion in 2022.
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