The operator of the long overdue and very costly Jotun floating production, storage and offloading vessel in Norway is very confident that the FPSO will sailaway in March and production will begin ...

CIMB Research said the group’s charter contract for FPSO Sterling II is set to expire on March 7, following the completion of a one-year extension period from March 8 worth US$43mil, or RM198mil.

Petróleo Brasileiro S.A. - Petrobras PBR, on behalf of the Tupi field consortium, recently announced an extension to the charter term of the FPSO Cidade de Angra dos Reis by another five years.