Concerns about a downturn in the global economy and oil/gas supply uncertainty caused by the Russian/Ukraine conflict have been weighing on crude prices. Brent in the spot market is currently trading 15% below the average price in the second quarter and the futures price of Brent five years out has dropped 5% over the past three months. But the production floater market remains very solid. Major upstream operators continue to rake in record cash and spending on new upstream projects has been slowly ramping up. More near-term production floater contracts have come into view, especially projects involving floating LNG plants and LNG import terminals. Meanwhile, several orders for new floating production units were placed in August, including the P-80 FPSO for use in Brazil (a $2.9 billion unit), a Fast4Ward hull for the next FPSO order in Guyana, an FSRU ordered on speculation of landing a future terminal contract and sale of an existing FLNG barge for use on an LNG project in the Congo-Brazzaville. All is discussed in WER's August floater report. Also in the data section of the report are details for 198 floater projects in the planning stage, 75 production or storage floaters now on order, 305 floating production units currently in service and 23 production floaters available for redeploy contracts. Accompanying excel spreadsheets provide the report data in sortable format. Information is current as of 29 August.