The May WER report examines the rate at which oil inventory is declining, looks at the rebalancing now taking place in the oil market and comments on the narrow price range within which crude is trading. The report also profiles the latest FPSO tender issued by Petrobras, describes the lease for an FSRU for use in India and discusses the decision by Anadarko to suspend the Shenandoah project in the Gulf of Mexico. In the data section of the report are details for 202 floater projects in the planning stage, 46 production or storage floaters now on order, 295 floating production units currently in service and 29 production floaters available for redeployment contracts. Charts in the report update the location where floating production and storage systems are being planned, operating, being built and to be installed. Accompanying excel spreadsheets provide the report data in a sortable format. Information is current as of 21 May.