Yinson Production holds naming ceremony for FPSO Atlanta
Yinson Production held naming ceremony for FPSO Atlanta at Dubai Drydocks World in Dubai on 13 December 2023 FPSO Atlanta is a redevelopment project awarded to Yinson Production in February 2022 and is expected to achieve first oil in 2024 The FPSO will operate in the Atlanta field in the Santos Basin offshore Brazil for […]
Yinson Production successfully closes corporate loan facility of up to USD 500 million
Yinson Production secures 5-year corporate loan facility of up to USD 500 million, including accordion Following the Yinson Group Strategy Review in 2022, Yinson Production has independently closed a bank facility for the first time, marking a new milestone Strong support by banks underpins confidence in Yinson Production’s business model and strategy Yinson Production […]
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 Ghana organises STEM Clinics for female students in Ahanta West
Yinson Ghana, in collaboration with the Ghana Education Service (GES), and the Youth Bridge Foundation, an independent non-profit organisation responsible for youth development, organised the inaugural Yinson Girls Education Programme STEM Clinics in the Ahanta West Municipality. The STEM Clinics aim to boost the interest of female students in STEM-related studies by engaging them in […]
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 Quitéria. 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 Ghana organises the second Annual Yinson Reading and Spelling Bee Competition and donates books to library
Yinson Ghana, in collaboration with the Ahanta West Directorate of Education, has organised the second Annual Yinson Reading and Spelling Bee Competition, themed ‘Reading: The Solid Foundation for Quality Education’. Held on 12 July 2023, the competition was participated by 60 students from all five educational circuits in the Municipality including Abura, Agona, Apowa, Dixcove and Ewusiejoe. […]
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 […]