Oil and Gas World

Oil and Gas World Welcome to the World of Oil and Gas. Everyone is welcome. OilandGas.World was established in 2019.

However, as an idea, it was conceptualised much earlier when we realised that there's a lack of industry voices, especially when compared with the strong media coverage and powerful lobbying from the Renewable Industry. We felt that the Oil and Gas Industry as a collective do not wield the same influence on mass media and social media, and that could be crucial in terms of businesses sustainabilit

y and factual awareness to societies at large, and that is how we came up with the idea of uniting and voicing our perspectives to the world. We knew that when something untoward happened in our industry, the scale and the implications could be massive, be it loss of personal life and environmental damages, however, the industry has evolved far beyond simply the pursue of profits. The industry has improved much along with the development of technology. A more safety-and-environmental conscious has been distilled in newer generations and HSE has been one of the KPI in most, and if not all companies, from oil companies, to services and contractors. We also felt that there is a lack of social media outreach whereby we could work with societies, businesses and governments at large, in order to understand the industry better.

From Innovative Floating Production Systems to the next-gen Ammonia FPSOs, the offshore industry is pushing boundaries t...
30/09/2025

From Innovative Floating Production Systems to the next-gen Ammonia FPSOs, the offshore industry is pushing boundaries to deliver sustainable energy solutions for tomorrow.

🚢 Seatrium – FLEXHull™ 1500K-M, purpose built FPSO
🚢 Yinson – Meridian purpose built FPSO
🚢 SBM Offshore – Ammonia FPSO Technology

These floating giants aren’t just vessels – they’re offshore energy hubs, engineered to drive the global transition toward cleaner and more efficient resources.

Offshore innovation is evolving. The future is floating.

Yinson Production has secured Main Scantling Approval from DNV for its Next-Generation Meridian FPSO Hull Design.The new...
19/09/2025

Yinson Production has secured Main Scantling Approval from DNV for its Next-Generation Meridian FPSO Hull Design.

The newly approved Meridian FPSO hull has been engineered to deliver exceptional performance in challenging offshore environments. It combines low-carbon innovation with high operational adaptability, addressing the increasing demands of deepwater and ultra-deepwater oil and gas projects. With its flexible design and robust processing capacity, the hull is ready for rapid deployment in future projects.

This approval marks a transformative step for Yinson Production, representing its first-ever purpose-built hull design. Building on its strong track record in conversion projects, the company is now positioned to compete for new-build FPSO opportunities. Yinson Production plans to leverage the Meridian hull design to secure projects across key markets in South America and West Africa, further expanding its global footprint.

From BW Opportunity FPSO to FPU Osman Gazi, opening A New Chapter in the Black SeaThe former BW Opportunity FPSO has bee...
15/09/2025

From BW Opportunity FPSO to FPU Osman Gazi, opening A New Chapter in the Black Sea

The former BW Opportunity FPSO has been transformed and re-emerged as FPU Osman Gazi, soon to play a key role in developing the Sakarya gas field in the Black Sea.

Named after Osman I — the founder of the Ottoman Empire — the platform set out on its symbolic journey through the Istanbul Strait on the anniversary of the Conquest of Istanbul. The passage is expected to take around 11 hours before reaching its destination at Filyos Port on June 1.

In a moment that underscored the significance of this milestone, Recep Tayyip Erdoğan spoke directly with the vessel’s captain via phone, then boarded a boat to view the platform up close — continuing the conversation over radio.

“Safe travels,” President Recep Tayyip Erdoğan said. “We’re expecting plenty of gas from Sakarya.”

This marks a major step forward in unlocking the energy potential of the Black Sea.

Sevan Deep Water Technology has presented a new concept for a semi-submersible floating production unit design. This mar...
14/09/2025

Sevan Deep Water Technology has presented a new concept for a semi-submersible floating production unit design. This marks a departure from cylindrical hull which the company has been known for.

By expanding into multiple platform solutions, the company said that they are better positioned to meet the evolving needs of our clients in the energy-related sectors, including both traditional oil and gas and the growing renewable energy market. The Semi FPU is designed for easy scalability and adaptability for multiple projects, ensuring an optimized hull design for all weather conditions and client requirements.

The Gladstone LNG plant is located on Curtis Island approximately five kilometres north of the city of Gladstone, Queens...
13/09/2025

The Gladstone LNG plant is located on Curtis Island approximately five kilometres north of the city of Gladstone, Queensland.

The GLNG is an international joint venture by Santos Ltd, PETRONAS, TotalEnergies and KOGAS.

Construction commenced on the LNG Plant in 2011 with the first cargo in October 2015.

The LNG plant consists of two trains. These trains have a capacity of 7.8 million tonnes per annum, and act like a refrigerator, cooling the natural gas down to -161°C. At this temperature the gas becomes a liquid, at just slightly over atmospheric pressure. Prior to this cooling process, carbon dioxide and water are removed from the natural gas.

Following this process, the liquified natural gas is then pumped into large, insulated storage tanks where it is stored at atmospheric pressure until loading onto large insulated LNG ships for export.

MODEC has been awarded an Approval in Principle (AiP) from Bureau Veritas Group and American Bureau of Shipping - ABS fo...
13/09/2025

MODEC has been awarded an Approval in Principle (AiP) from Bureau Veritas Group and American Bureau of Shipping - ABS for a Floating Storage and Injection Unit “LCO₂ FSIU” that is capable to receive, temporarily store and ultimately inject carbon dioxide (CO₂).

The FSIU would be able to receive LCOâ‚‚ transported in low pressure condition, store, and inject it into subsea wells at high pressure for permanent sequestration, which eliminates a need for onshore LCOâ‚‚ receiving plant and pipeline to injection wells. The unit is engineered for a maximum COâ‚‚ injection capacity of 10 million tonnes per annum (MTPA), with a minimum total tank storage capacity of 100,000 mÂł.

To support uninterrupted injection operation, the FSIU will feature both tandem loading at the aft and simultaneous side-by-side loading at the midship port side, enabling flexible and efficient LCOâ‚‚ transfer from LCOâ‚‚ carriers, up to 90,000 m3 capacity (tandem) and up to 50,000 m3 (side-by-side). The FSIU hull was developed in collaboration with Mitsubishi Shipbuilding Co. Ltd. (MSB), while the mooring system incorporates a SOFEC External Turret to allow dual loading operation as well as station keeping in non-directional environment as often found in Southeast Asia. The FSIU will also be equipped with diesel engine generators integrated with a carbon capture system on the topside, minimizing operational COâ‚‚ emissions.

This concept was developed in collaboration with Mitsui OSK Lines Ltd. (“MOL”), to leverage their experience and market position with LCO₂ carriers and its proven methods of safe storage, transport and offloading.

An FLNG design from Bumi Armada Berhad was approved by American Bureau of Shipping - ABS in 2023.Bumi Armada has develop...
08/09/2025

An FLNG design from Bumi Armada Berhad was approved by American Bureau of Shipping - ABS in 2023.

Bumi Armada has developed the barge-based liquefaction unit for a standardised LNG design capacity based on having a modularised and repeatable compact design.

This concept allows for a phased approach to deploy parallel liquefaction units to match any required capacity for the monetisation of gas, eliminating the need for large and costly onshore infrastructure.

The global oil industry continues to be shaped by market forces, geopolitics, and the ongoing energy transition. As of 2...
04/09/2025

The global oil industry continues to be shaped by market forces, geopolitics, and the ongoing energy transition. As of 2025, the world’s largest oil and gas companies remain a mix of national champions and international “supermajors,” with valuations closely tied to oil prices and investor confidence.

Below article attempts to take a look at the current top 20 oil companies globally by market capitalization and what lies ahead as we move toward 2026.

https://oilandgas.world/salaries/top-20-oil-companies-in-the-world-by-market-cap-2025/

Structural failure during load test onboard Petrobras 79 FPSO at Hanwha Ocean in South Korea on 3rd September 2025 claim...
03/09/2025

Structural failure during load test onboard Petrobras 79 FPSO at Hanwha Ocean in South Korea on 3rd September 2025 claimed the lives of Petrobras supervisor and a South Korean shipyard worker.

It was reported that both victims fell nearly 10m into the water and as a result, work onboard the FPSO has to be suspended due to accidents and investigations.

The FPSO is destined to be installed in the prolific Buzios field, offshore Brazil, and is jointly undertaken by Italian's contractor Saipem and the Hanwha Ocean shipyard.

The P-79 will be interconnected to 14 wells, 8 of which will be producers and 6 will be injectors, through subsea infrastructure consisting of rigid production and injection pipelines and flexible service pipelines. The unit’s total production capacity will be 180,000 barrels of oil per day and 7.2 million m3 of gas per day. The plant is scheduled to start operating in 2026.

BW Offshore has announced that the company has signed Head of Agreement (HoA) with for Bay du Nord FPSO, to be located ...
01/09/2025

BW Offshore has announced that the company has signed Head of Agreement (HoA) with for Bay du Nord FPSO, to be located in Newfoundland, Canada. Bay du Nord, Canada’s first deepwater oil project, is operated by Equinor in partnership with BP and holds an estimated 400 million barrels of recoverable light crude in its initial phase.

The FPSO will be tailored for the harsh environment of the sub-Arctic. The unit is expected to support production of up to 160,000 barrels of oil per day and will feature a disconnectable turret system and extensive winterisation. The topside will include emission reduction initiatives such as high-efficiency power generation and heat recovery, variable speed drives and a closed flare system. The FPSO will be designed for future tiebacks to enhance the project’s long term economic viability and value creation.

Following pre-FEED completion mid-September, BW Offshore and Equinor will enter into a bridging phase to prepare for FEED in early 2026, subject to approvals by Equinor and BP. BW Offshore will establish a local office in Newfoundland during FEED.

BW Offshore has signed Head of Agreement (HoA) with Equinor, confirming its selection as preferred bidder for its Bay du...
01/09/2025

BW Offshore has signed Head of Agreement (HoA) with Equinor, confirming its selection as preferred bidder for its Bay du Nord FPSO project, offshore Newfoundland, Canada.

Bay du Nord, Canada’s first deepwater oil project, is operated by Equinor in partnership with BP and holds an estimated 400 million barrels of recoverable light crude in its initial phase.

The FPSO will be specifically designed for the harsh environment of the sub-Arctic. The FPSO will have designed production capacity of up to 160,000 barrels of oil per day and will feature a disconnectable turret system and extensive winterisation. The topside will include emission reduction initiatives such as high-efficiency power generation and heat recovery, variable speed drives and a closed flare system. The FPSO will be designed for future tiebacks to enhance the project’s long term economic viability and value creation.

Following pre-FEED completion mid-September, BW Offshore and Equinor will enter into a bridging phase to prepare for FEED in early 2026, subject to approvals by Equinor and BP. BW Offshore will establish a local office in Newfoundland during FEED.

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