The global Floating Production Storage and Offloading (FPSO) market, valued at $23.04 billion in 2023, is projected to reach $33.32 billion by 2029, growing at a CAGR of 6.34%. Growth is driven by ...

Capturing CO₂ at land-based facilities and transporting it to offshore locations for permanent geological storage is ...

Floating storage could hit tanker markets this year, with the potential to boost earnings even further than initially forecast. The US Energy Information Administration (EIA) said inventory builds ...

Bureau Veritas Marine & Offshore (BV) and Samsung Heavy Industries (SHI) have partnered up to develop Floating CO2 Storage Units (FCSU) and Carbon Capture and Storage (CCS) projects in the Republic of ...

Phillips 66 (PSX), the Houston-based oil giant, has expanded its fuel oil storage capabilities in the Singapore and Malacca Straits by leasing the Southern Emperor, a floating storage vessel with a ...

As global demand for data storage and processing accelerates — driven by cloud computing, streaming media, and the explosive ...

New research from the UK shows that Oman could utilize a floating PV farm at the Wadi Dayqah Dam for hydrogen generation. The scientist said the project is technical viabile, although only with ...