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Italy Plans Two FSRU Units to Cut Russia Gas Reliance

March 24, 2022

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday. "Today we officially…

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BW Offshore Sells FPSO Umuroa for Scrap

March 14, 2022

After it last month said it would recycle its FPSO BW Cidade de São Vicente, FPSO owner BW Offshore has now agreed to sell another FPSO for scrap,  this time the FPSO Umuroa. The company said Monday it had signed an agreement to recycle the…

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Energean Connects Karish Gas Field to Israel National Gas Line

March 3, 2022

Mediterranean Sea-focused oil and gas company Energean has this week announced the connection of its Karish offshore gas field to the Israel National Gas Line (“INGL”), "an important milestone in facilitating the operational readiness of the Karish field development." "Once onstream…

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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Equinor, Altera Pen Deal to Deploy Petrojarl Knarr FPSO at Long-stalled Rosebank Project

February 25, 2022

Norway's Equinor has confirmed to Offshore Engineer that it has signed an agreement with FPSO owner Altera Infrastructure that could see the Petrojarl Knarr FPSO redeployed at the long-stalled Rosebank project in the UK North Sea. The FPSO is currently producing oil from Shell's Knarr field…

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PHOTO: Johan Castberg FPSO Sets Off for Norway

February 17, 2022

Singapore's Sembcorp Marine has delivered the Norwegian Barents Sea-bound Johan Castberg FPSO to Equinor. The FPSO has set off for Norway, loaded aboard Boskalis' Boka Vanguard semi-submersible heavy transportation vessel. Johan Castberg is Sembcorp Marine’s first EPC newbuild FPSO.

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Guyana May Choose to Develop Future Oil Prospects on Its Own

February 15, 2022

Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday. The tiny South American country…

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MacGregor to Deliver Offloading Systems for China's First Cylindrical FPSO

February 15, 2022

MacGregor, part of Cargotec, has won a contract to supply two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project located in the east part of the South China Sea. The contract has been awarded following the successful cooperation…

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Liza Unity: Exxon's Second FPSO in Guyana Produces First Oil

February 14, 2022

Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day. An Exxon-led consortium started production…

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Prelude FLNG to Stay Shut in 1Q 2022

February 7, 2022

Oil major Shell expects its Prelude FLNG unit in Australia, the world's largest unit of the type, will remain shut for most of the first quarter of 2022. The world's largest FLNG facility had in January 2021 year resumed LNG  cargo shipments…

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Oil Hits Seven-year High

February 4, 2022

Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fueled concerns over supply disruptions. Brent crude rose $1.71, or 1.9%, to $92.82 a barrel by 1348 GMT, having earlier touched its highest since October 2014 at $93.05. U.S.

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First of Four FPSOs Deployed at Petrobras' Mero Field

February 2, 2022

The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed. The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…

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ExxonMobil to Start Production from Second FPSO in Guyana Next Month

January 28, 2022

Exxon Mobil Corp. next month plans to start production at its second oil platform in Guyana, a person familiar with the matter said Tuesday. Guyana is one of Exxon's top bets for production growth. Its recent discoveries are expected to drive…

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PTTEP Awards Long-term Charter Extension for FPSO Kikeh

January 26, 2022

PTTEP Sabah Oil Limited, a Malaysian subsidiary of the Thai oil company PTTEP, has awarded a six-year contract extension for the FPSO Kikeh, operating in deep waters offshore Sabah, Malaysia. The charter extension news was shared this week by Malaysia's MISC…

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Enauta Buys FPSO OSX-2 for Deployment at Atlanta Field

January 24, 2022

Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil. The completion of the acquisition is contingent on compliance with the agreed contractual…

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BW Offshore Sells BW Joko Tole

January 24, 2022

Oslo-listed FPSO owner BW Offshore has agreed to sell the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in consortium with PT Buana Lintas Lautan Tbk, a company publicly listed in Indonesia.

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Royal Dutch No More: Shell Officially Changes Name

January 21, 2022

Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain. "Shell announced…

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Petrojarl I FPSO Extends Stay at Enauta's Atlanta Field, Offshore Brazil

January 19, 2022

Brazilian oil company Enauta has extended the charter of the Petrojarl I FPSO, used as an early production system at its Atlanta field, in the Santos Basin, offshore Brazil. Enauta signed contracts with Altera to extend the charter and Operation and Maintenance (O&M) of FPSO Petrojarl I.

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Delfin Plans Louisiana Floating LNG FID in 2022

January 19, 2022

U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022. "This is the best macro-environment that the LNG business has ever seen…

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BP Files Petrojarl Foinaven FPSO Removal Plan

January 14, 2022

British oil major BP has filed a decommissioning plan for the removal of the Petrojarl Foinaven FPSO and the recovery of associated mooring systems, the risers and dynamic umbilicals from the Foinaven Field, located 160 kilometers (100 miles) west of Shetland in water depths of up to 600 meters.

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SBM Offshore's Lease & Operate MD to Become COO

January 13, 2022

Dutch FPSO leasing specialist SBM Offshore announced the proposed appointment of Øivind Tangen as Chief Operating Officer (COO) and member of its Management Board on Thursday. Tangen has 19 years of experience with SBM Offshore in engineering and operational roles…

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ABS Grants AiP for Samsung's FLNG Spread Mooring System

January 10, 2022

The American Bureau of Shipping (ABS) has awarded Approval in Principle (AIP) to Samsung Heavy Industries’ (SHI) design for a one-side spread mooring system for a floating liquefied natural gas (FLNG) facility. The system developed by SHI allows an FLNG to be safely spread moored on one side…

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