Yinson Production invests in Ionada PLC to advance the carbon capture technology
Yinson Production has made a strategic investment in Ionada PLC (“Ionada”), recognising Ionada’s innovative carbon capture technology and its potential value in emissions reduction. The investment demonstrates Yinson Production’s commitment to reducing greenhouse gas emissions from our offshore operations. Ionada’s technology has enormous potential to support the offshore oil and gas industry’s transition to low-carbon operations. […]
Yinson Production Invests in Leading Direct Air Capture Project Developer Carbon Removal AS
Yinson Production (“YP”) has invested in Carbon Removal AS (“CR”), a Norway-based company that is a front runner in the development of Direct Air Capture (“DAC”) projects. The investment signals YP’s serious commitment to developing decarbonisation solutions for the offshore production industry and expands YP’s expertise and knowledge in this area, facilitating new business opportunities […]
Yinson Production to Pioneer New Offshore Carbon Capture and Storage Technology on FPSO Agogo
Yinson Production (“YP”), together with client Azule Energy (“Azule”), is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola. This is a significant milestone towards the realisation of YP’s Zero Emissions FPSO Concept that aims to reduce carbon footprint and pave the way for the decarbonisation of the offshore production […]
Yinson Production Secures USD230 Million Financing in Relation to FPSO Maria Quitéria
Yinson Production has secured a USD230 million term loan facility in relation to FPSO Maria QuitĂ©ria. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager with approximately USD100 billion in assets under management. This loan facility marks the first transaction between Yinson Production and GIP and […]
Yinson Production obtains Charter Contract Extension for FPSO PTSC Lam Son
Yinson Production (“YP”), through its joint venture company with PetroVietnam Technical Services Corporation (“PTSC”), PTSC Asia Pacific Pte Ltd (“PTSC AP”), has received a 12-month extension for the Bareboat Charter Contract for FPSO PTSC Lam Son, with further automatic extension of 6 months (“Contract”). The addendum entered into by PTSC and PTSC AP on 29 […]
Yinson Production receives charter contract extension for FSO PTSC Bien Dong 01
Yinson Production (“YP”), through its joint venture company with PetroVietnam Technical Services Corporation (PTSC), PTSC South East Asia (PTSC SEA), has received a 5-year extension for the Bareboat Charter Contract for FSO PTSC Bien Dong 01 (“Contract”). The extension via the addendum entered by PTSC and PTSC SEA on 2 June 2023 sets an Extension […]
Yinson Production-Sumitomo’s FPSO Anna Nery Achieves First Oil
Yinson Production (“YP”), together with its project partner Sumitomo Corporation (“Sumitomo”), are pleased to announce that FPSO Anna Nery has achieved first oil on 7 May 2023 following a successful 72-hour testing. This marks the commencement of the firm charter for a period of 25 years, until 2048. The delivery of the asset is a […]
Yinson Production and AVEVA sign MoU to develop sustainable and autonomous FPSO solutions
Autonomous Floating Production Storage and Offloading (FPSO) solutions to help the energy services industry enhance sustainability and safety standards A digital twin of each FPSO vessel will be used to capture engineering and operational data through the complete asset lifecycle to improve visualisation, reliability, and efficiency The partnership extends Yinson Production and AVEVA’s existing collaboration […]
Yinson Production signs Firm Contract for Project Agogo in Angola
Yinson Production (“YP”) is pleased to announce that it has, through wholly owned subsidiaries, entered into a firm contract with Eni Angola S.p.A., a wholly owned subsidiary of Azule Energy (“Azule”), for the provision, operation and maintenance of a floating, production, storage and offloading asset for the Agogo Integrated West Hub Development Project in Angola […]
Yinson acquires London Marine Group to reinforce its FPSO leadership
Yinson through its offshore production business unit, Yinson Production (“YP”) has acquired 100% of the issued capital of London Marine Group Limited (LMG), the sole owner of London Marine Consultants (“LMC”). LMC, one of the few companies to have designed and provided production turret mooring and swivel systems , was appointed to work on the […]