Stories

Transgas Power.jpg

Hudong-Zhonghua Delivers LNG FSRU to Dynagas

July 19, 2021

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU). The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday, July 15.

FPSO_Cidade_de_Itaguai_MV26.jpg

MODEC, Toyo in Talks Over FPSO Delivery Alliance

July 16, 2021

Japanese FPSO specialist MODEC is in talks with engineering group Toyo Engineering over a feasibility study of a potential alliance in the Engineering, Procurement, Construction and Installation (EPCI) business for FPSO vessels. Subject to the result of the discussion and feasibility study…

OSX_3.jpg

Brazil: PetroRio Connects Polvo and Tubarao Martelo Fields. Eyes Significant OPEX Cut

July 15, 2021

Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO. According to PetroRio…

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.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo
PETROBRAS_63.jpg

Petrobras Sells Papa-Terra Field to 3R Offshore

July 12, 2021

Brazilian national oil company Petrobras has struck a deal with 3R Offshore to sell it its interests in the producing Papa-Terra, located in the Campos Basin, offshore Brazil, for up to $105.6 million in total. 3R Offshore, a company with a strategy to revitalize mature offshore fields…

AdobeStock_219893638.jpeg

Oil Prices Rise Over 2% as US Inventories Decline

July 9, 2021

Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories. Signs of strong Asian demand from both China and India also strengthened the market. Brent crude oil futures were up $1.49, or 2%, at $75.60 a barrel by 1:12 p.m. ET (1712 GMT). U.S.

TBE+FLNG+Solution.png

Transborders' FLNG Solution Re-Awarded Major Project Status by Australian Gov't

July 9, 2021

Australia's Transborders Energy, a company working to develop an FLNG solution for marginal field developments, said Thursday that its FLNG Solution development had secured the Major Project Status (MPS) renewal from the Australian Commonwealth Government.

image-sofec-modec-group-company-121638.jpg

Woodside Energy Wraps Purchase of Far's Stake in Sangomar Project Off Senegal

July 6, 2021

Australian oil and gas company Woodside Energy has completed the acquisition of the entire participating interest of oil company FAR in the offshore area in Senegal containing the Woodside-operated Sangomar development. The purchase price for Far's stake in the Rufisque Offshore…

petrojarl-credit-teekay-123985.jpg

Enauta's Atlanta Field Output Hit by Pumping System Failure

July 6, 2021

Brazilian oil firm Enauta said Monday that production from its Atlanta field offshore Brazil was affected by a failure in the pumping system at two wells. The Atlanta Field is currently producing oil through one well only. "Two wells stopped production in the last few days.

FPSO.jpg

FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

July 5, 2021

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders…

ne-levy-news.jpg

Australian Gov't Invites Expressions of Interest for Timor Sea FPSO Decommissioning

July 5, 2021

The Australian government on July 1 released a Request for Expressions of Interest (REOI) for Phase 1 works related to decommissioning of the Northern Endeavour FPSO currently at Laminaria-Corallina oil fields in the Timor Sea. After the offshore fields' owner…

AdobeStock_430726599.jpeg

OPEC+ Agrees New Oil Deal Without UAE Agreement, Source Says

July 2, 2021

OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said. All OPEC+ deals require unanimous approval.

1625214570944.jpg

Yinson, PTSC Add Another Year to PTSC Lam Son FPSO Contract

July 2, 2021

Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam's PTSC AP. The 243 meters long Lam Son FPSO, able to produce 15,000-20,000 barrels of oil per day (bopd), with a storage capacity of up to 650…

882714feac6ed8d7_org.jpg

Ertuğrul Gazi FSRU Delivered to Turkey's BOTAS

July 2, 2021

The Ertuğrul Gazi Floating Storage and Regasification Unit (FSRU) for was recently from South Korea to Turkey's BOTAŞ Petroleum Pipeline Corporation (BOTAS), the classification society ABS has informed. Built by Hyundai Heavy Industries in accordance…

jon-landes.png

TechnipFMC Wins Subsea Contract for Petrobras’ Búzios 6-9 Fields

June 29, 2021

TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million…

dorado-concept-credit-carnarvon-petroleum-121743.jpg

Australia: Santos Starts Dorado Offshore Field FEED

June 29, 2021

Australian oil and gas company Santos on Tuesday announced the start of Front-End Engineering and Design (FEED) for the Dorado field development in the Bedout Sub-basin, offshore Western Australia. Contracts are expected to be awarded in the next few months, Santos said.

bleo holm.jpg

Repsol Sinopec Extends Bleo Holm FPSO Charter Until 2024 End

June 28, 2021

FPSO specialist Bluewater has secured a contract extension for its Bleo Holm FPSO with Repsol Sinopec Resources UK Limited and its JV Partner RockRose Energy. The FPSO, deployed in the UK, will see the contract extended until December 31, 2024.

frade-photo-courtesy-offshore-120112.png

PetroRio's Frade Field Plans Approved by ANP

June 25, 2021

Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil. The new development plan, approved by the national oil industry regulator ANP, allows the drilling…

Miko Marine Delivers Magnetic Blanking Set for Bacalhau FPSO

June 24, 2021

Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian…

AdobeStock_96974366.jpeg

Oil May Hit $100 but Volatility Will Grow, Say Energy CEOs

June 22, 2021

Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could see…

AdobeStock_356150999.jpeg

Oil Settles Slightly Lower as OPEC+ Discusses Raising Production

June 22, 2021

Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production. Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel…

dynamacs-image-credit-dynamac-117911.jpg

Dyna-Mac Secures FPSO Turret Module Gig

June 22, 2021

Singapore-based oil and gas module construction firm Dyna-Mac has said it has won additional work from existing customers, for a total provisional contract sum of S$8.0 million ($5,94 million). Dyna-Mac said it had secured an add-on work scope for an ongoing project in its yard.

Total:2578 Returned:21