Curated roundup of Africa’s FPSO market updates - key headlines, project developments, policy shifts to upcoming industry events
Africa’s offshore industry is reorganising—not slowing—and FPSOs are at the centre of the story. In this edition, we cover Shell’s latest US$510M deepwater bet, CNRL’s Baobab FPSO revival, a surge of exploration across Angola, Namibia, and the Gulf of Guinea, and key regulatory shifts shaping 2026 decisions. Download the project list to stay ahead in Africa’s FPSO market.
From TotalEnergies’ multi-billion-dollar projects across Uganda, Namibia, and Mozambique to Uganda’s race toward first oil by 2026, Africa’s upstream revival is gaining visible momentum. The latest State of African Energy 2026 Outlook projects production climbing to 11.4 million bpd, underpinned by new deepwater, LNG, and FPSO investments. Find out full story by downloading the newsletter now!
Featuring Pazflor FPSO output gains from a new subsea project, the billions Africa loses to infrastructure gaps, and Galp Energia’s renewed push into African markets. It also covers the latest offshore activity and policy signals — including exploration interests.
Africa’s offshore sector is moving fast - from Namibia’s high-impact results to renewed FPSO plans in Equatorial Guinea, fresh progress on Côte d’Ivoire’s Baobab refurbishment, and a wave of regulatory updates influencing 2026 project timelines. This edition brings together the top headlines from the last two weeks, exploration insights, and policy changes operators and service providers need to watch.
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As we enter the new year, the global FPSO market is not slowing down — it is becoming more selective, disciplined, and strategically focused. Offshore investment remains resilient, but the factors driving FPSO demand are evolving rapidly.
In Edition 6, we covered
1. Global and regional FPSO headlines (South America & Africa)
2. FPSO market outlook and forecasts for 2026 and beyond
3. Venezuela’s oil & gas sector: current state and future implications
4. Africa’s role in the next phase of FPSO deployment
5. Key industry reports and events shaping market direction
In Newsletter Edition 7 we covers latest World, Africa and Brazil headlines including:
> Deepwater investment signals from Nigeria, as fiscal incentives clear the path for Shell’s Bonga South West development
> West Africa’s offshore revival, with Benin’s long-dormant Sèmè Field set to resume production after nearly three decades
> Where FPSO and subsea capital is being committed, with recent contract awards pointing to near-term execution priorities
> Petrobras outperforms 2025 production targets: role of FPSOs and way forward
> Fresh market intelligence and reports, tracking FPSO awards, recent FIDs, and Africa’s next FPSO sanctioning cycle (2026–2033)
In Newsletter Edition 8 we covers latest World, Africa and Brazil headlines including:
> Iran Conflict Escalation: Implications for Global Oil and LNG Markets
> Tullow Oil to acquire Ghana FPSO from MODEC for $205 Million
> South America Dominates Global FPSO Market
> ABS Grants Approval in Principle for SBM Offshore’s Blue Ammonia FPSO Concept
> Australia opens 12 new offshore areas for Oil and Gas Exploration
> PRIO Secures Final License to Start Production at Brazilian Offshore Field