NEW ORLEANS – The federal agency that handles offshore leases has approved the development of a floating storage facility in the Gulf of Mexico that will allow crude oil to be transported to shore in ...

HOUSTON, July 22-- The US Minerals Management Service issued a final rule July 19 that streamlines permitting for floating platforms and incorporates industry standards for floating production systems ...

HOUSTON, Feb. 1-- The US Minerals Management Service proposed a rulemaking to incorporate by reference into its regulations nine standards regarding floating production systems. MMS explained that ...

Petrobras plans to use a floating production, storage and offloading vessel to develop the deep-water Chinook and Cascade discoveries in blocks 206 and 405 of the Walker Ridge area. "We're now in a ...