Stories

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15 Bids in To Market Guyana Governent Crude

August 5, 2021

Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday.

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Petrobras Post Strong Results as Crude Rises, Gas Strengthen

August 5, 2021

Brazil's Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line. In an evening securities filing, Petroleo Brasileiro SA…

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Exxon Considers Pledging Net-zero Carbon Emissions by 2050

August 5, 2021

Exxon Mobil Corp is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The report comes more than two months after the oil major's shareholders…

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
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  • 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!

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SBM Inks LOI to Lease FPSO for Petrobras' Mero Field

August 3, 2021

Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM…

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By the Numbers: Eye on Guyana & FPSOs

August 2, 2021

According to Jim McCaul, Managing Director at IMA/ World Energy Reports , Guyana has a huge appetite for FPSOs.

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China Starts Production at 100,000 DWT Deepwater Semi-sub FPSO

August 2, 2021

China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO). Dubbed Shen Hai Yi Hao, the platform is formally…

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WER: Near-term Outlook for Floating Production Systems 'Very Positive'

July 29, 2021

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive.

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SBM Offshore to Deliver FPSO for Petrobras' Buzios Field

July 27, 2021

Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil. The firm contract, for the 26.25 years lease and operation of the FPSO to be named Almirante Tamandaré…

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"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

July 23, 2021

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.

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Petrobras 2Q Oil Output Flat on Maintenance Stoppages, Divestments

July 23, 2021

Brazil's state-run oil company Petrobras on Thursday presented flat production numbers in the second quarter, as the ramp-up off some major platforms was largely offset by maintenance stoppages and divestments. In a securities filing, Petroleo Brasileiro SA…

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Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

July 21, 2021

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines. The LNG Terminal…

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Perenco, SNH to Increase Utilization of Golar's Hilli Episeyo FLNG

July 20, 2021

Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG. The Hilli Episeyo FLNG…

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Brazil: Enauta Brings Another Atlanta Field Well Back Online after Pump Failure

July 20, 2021

Brazilian oil company Enauta has brought online another oil well at its Atlanta field in the Santos Basin, offshore Brazil, following a recent pumping system failure, and is now producing from two wells connected to the Petrojarl I FPSO. As previously reported…

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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.

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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…

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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…

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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…

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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.

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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.

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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…

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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.

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