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Eni Brings Online Another Oil Field in Angola via Armada Olombendo FPSO

September 24, 2021

Italian oil giant Eni has kicked off production from Cabaça North deepwater oil field located in Block 15/06 offshore Angola. The field has been developed as a tie-back to the Armada Olombendo FPSO. The Cabaça North development, with an expected peak production rate in the range of 15 kbopd…

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New Fortress Energy Charters Höegh Gallant FSRU

September 24, 2021

Höegh LNG Partners has entered into an agreement with a subsidiary of New Fortress Energy for the charter of the Höegh Gallant for FSRU operations for a period of ten years, with a planned start-up during the fourth quarter of 2021. New Fortress Energy will deploy the FSRU in Jamaica.

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BW Offshore's Barossa FPSO JV Gets Regulatory Approval

September 24, 2021

FPSO supplier BW Offshore has received regulatory approvals for the Joint Venture Partnership consisting of BW Offshore Limited, ICMK Offshore Investment Pte Ltd, and Macquarie Bank Limited for the Barossa FPSO project. As previously informed…

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
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SBM Offshore Gets $635M Loan for FPSO Almirante Tamandaré Construction

September 24, 2021

Dutch FPSO provider SBM Offshore has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré, one of the world's largest FPSOs. SBM Offshore said Friday that it had secured the loan by…

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TMC to Deliver Compressors for Woodside's Sangomar FPSO

September 21, 2021

Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal. TMC will deliver a large marine compressed air system to the FPSO…

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Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions

September 20, 2021

Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday.

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SBM Offshore Completes $1.6B Project Financing for FPSO Sepetiba

September 16, 2021

Dutch FPSO leasing specialist SBM Offshore has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which SBM Offshore says, is the largest project financing in the company’s history. FPSO Sepetiba, formerly known as Mero 2…

SBM Offshore's Liza Unity FPSO Receives ABS SUSTAIN-1 Notation

September 13, 2021

SBM Offshore's Liza Unity FPSO, which last week set sail from Singapore en route to Guyana, has been awarded the SUSTAIN-1 notation by classification society ABS – the first FPSO in the world to receive it. According to ABS, the SUSTAIN-1 notation…

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BW Offshore In Barossa FPSO Equity JV Partnership

September 10, 2021

FPSO leasing firm BW Offshore on Friday announced a partnership with international global infrastructure investors for the equity financing of the FPSO for Santos' Barossa gas field offshore Australia. Earlier this year Santos and BW Offshore…

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Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera

September 10, 2021

Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia. Dorado.

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VIDEO: Guyana's Second FPSO Sets Sail from Singapore

September 9, 2021

Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana. Keppel Shipyard, responsible for the construction and integration of the topside modules with the China…

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FPSO Firm BW Offshore Bids to Build Offshore Wind Farms in UK

September 8, 2021

BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore…

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Enauta's Atlanta Field Suffers Another Pumping System Setback

September 6, 2021

Brazilian oil firm Enauta is again experiencing problems with the pump system at its Atlanta field offshore Brazil, with output from one well now interrupted. Enauta said that the output interruption occurred on Sunday, September 5. "At this moment…

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Petrobras Exits Lapa Offshore Oil Field

September 2, 2021

Brazilian oil company Petrobras has sold its remaining stake in the Lapa offshore oil field in Brazil's Santos Basin to the French oil firm TotalEnergies. The Brazilian national oil company said Wednesday said that the deal was concluded with the payment of $49.4 million to Petrobras.

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BW Offshore Secures $1.15 B Loan for Barossa FPSO Construction

September 1, 2021

FPSO supplier BW Offshore has secured a $1.15 billion loan for the construction and operation of the FPSO for Australia-based Santos' Barossa offshore gas field. Earlier this year Santos and BW Offshore signed a contract for the delivery of an FPSO for the Barossa gas field…

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Excelerate, Petrobras Reach Deal on Bahia Terminal FSRU

August 30, 2021

Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal. Excelerate will deploy one of its…

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Near-term Outlook for Deepwater Floating Production Systems is Excellent

August 27, 2021

Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report. Asked what is driving the positive sentiment…

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Brazil's Enauta in Exclusive Talks with Yinson for "New" Atlanta Field FPSO

August 26, 2021

Brazilian oil company Enauta said Thursday it has signed a Memorandum of Understanding (MoU) with Malaysia's FPSO specialist Yinson for direct and exclusive negotiation of FPSO supply contracts for the "Definitive System" of the Atlanta field in the Santos Basin, offshore Brazil.

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Gabon: VAALCO to Replace Etame Field FPSO with FSO to Lower Cost

August 26, 2021

Africa-focused oil firm VAALCO Energy has signed a binding letter of intent with World Carrier Offshore Services Corp. for the provision and operation of a Floating Storage and Offloading (“FSO”) unit at VAALCO’s Etame Marin field offshore Gabon.

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Enauta: Atlanta Field Resumes Full Production as Repairs Complete. New Well Planned for 2022

August 25, 2021

Brazilian oil firm Enauta said Wednesday that its Atlanta field in the Santos Basin, offshore Brazil, had resumed full production  following a recent pumping system failure. Enauta said Wednesday that all the wells tied to the early production…

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