The Almirante Tamandaré FPSO (Búzios7), the first high-capacity unit to be installed in the field, began production Feb. 15. Búzios oilfield lies in pre salt Santos basin in water depth of ...

Chevron has indicated that the outcome of this dispute is critical to the merger, which could fall apart if the issue remains unresolved. "SBM Offshore secures FPSO contract for Whiptail project ...

is disputing the right of Hess Corporation to merge with Chevron (CVX). One of the things weighing in the favor of Exxon Mobil is another FPSO that will begin production towards the end of the year.

Chevron Corporation (NYSE ... Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in production, remains on schedule for first oil in 2022, Hess Corp. announced.