Stories

DwA34uLW0AUFk7K.jpg

A 'Chicago Boy' Takes the Reins at Petrobras

January 4, 2019

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA, will either save the indebted oil major - or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday…

Samsung Heavy .jpg

Samsung Heavy Achieves First Oil on Egina FPSO

January 3, 2019

Samsung Heavy Industries Nigeria Limited (SHIN) has  successful achieved the first oil on the 200,000 barrels per day-capacity Egina Floating Production Storage Offloading (FPSO) unit. Egina is the world’s largest floating production storage and offloading (FPSO) unit.

Goliat-StrilBarents-DJI_0592_NYTT-1200x0-c-default.jpg

More Resources Uncovered in Goliat Field

January 3, 2019

Newcomer Vår Energi AS revealed Thursday that an appraisal well has uncovered more resources in the Goliat field off Norway. Vår Energi, together with license partner Equinor, drilled the 7122/7-7 S Goliat West appraisal well in PL 229 in the Barents Sea.

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the 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 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • 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 Free Trial
Energean Signs.jpg

Energean Signs New Gas Sales Deal for Karish and Tanin FPSO

January 2, 2019

UK-based oil and gas exploration and production company Energean Oil & Gas  has signed a Gas Sales and Purchase Agreement (GSPA) with I.P.M. Beer Tuvia Ltd. (IPM) to supply an estimated 5.5 BCM of gas from its Karish and Tanin FPSO over a period of 19 years.

Egina-FPSO-Arrival.jpg

Total Starts Production at Egina Oilfield

January 2, 2019

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow. Output from Egina, which is located in waters about 1…

block r.png

Ophir Awaiting Fortuna Block Extension

December 31, 2018

Ophir Energy said it is still awaiting a response from Equatorial Guinea's Ministry of Mines and Hydrocarbons (MMH) with regards to its request for an extension of the Block R licence, where Africa's first deepwater independent floating liquefied natural gas (FLNG) project is planned.

0.jpg

Tango FLNG En Route to Argentina

December 27, 2018

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina. The barge-based Tango…

AdobeStock_81153404.jpeg

Oil Slips Back Toward 18-month Lows

December 27, 2018

Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices. Brent crude oil dropped $1.67 a barrel, or 3.1 percent, to…

Egina FPSO.jpg

Africa's FPSO Market Destined for Growth

December 27, 2018

Despite the lingering volatility of global commodity prices, Africa's offshore oil and gas industry has continued to expand, albeit not as fast, opening up more market opportunities for floating production storage and offloading (FPSO) vessel manufacturers and suppliers.

web AdobeStock_144098143.jpg

Oil Surges 8% After Steep Slide

December 26, 2018

Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017. Both U.S. and Brent crude rose about 8 percent, their largest one-day increase since Nov.

flng-prelude-ship-passing-sea.jpg

Prelude FLNG Starts Production in Australia

December 26, 2018

Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world's largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.

jubliee field.png

Ghana Exploration Licensing Round Attracts Global Majors

December 24, 2018

Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country's first exploration licensing round, its energy ministry said. The interest is a major vote of confidence in Ghana…

tortue.jpg.img.1920.medium.jpg

BP Green-lights Greater Tortue Ahmeyim Project

December 21, 2018

BP and its partners announced on Friday that the green light has been given for the first phase of the Greater Tortue Ahmeyim project off the coast of Mauritania and Senegal. The cross-border development, a first for the two West African nations and Africa's deepest offshore project at 2…

Vår Energi .jpg

Vår Energi Awards Jotun FPSO FEED to Aker Solutions

December 21, 2018

The newly formed exploration and production (E&P) company Vår Energi  is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions.

web AdobeStock_168687236.jpg

US Crude Inventory Drops for Third Week

December 20, 2018

U.S. crude inventory declined again last week. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates an inventory fall of 0.5 million barrels in the week ended December 14. While only a small drop, it is the third decline in a row. While EIA data include only U.S.

Ocean Installer .jpg

Ocean Installer Clinches Johan Castberg Deal

December 18, 2018

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the FPSO mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea. Johan Castberg…

Independence.JPG

Lithuania Plans to Buy an FSRU

December 18, 2018

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas. Klaipedos Nafta is currently…

bp-greater-plutonio-fpso.jpg.img.1920.medium.jpg

BP Nears FID at Platina Field Offshore Angola

December 17, 2018

Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola. Platina would be BP’s first…

Mia Yellagonga, Perth, Western Australia.jpg

First Contracts Awarded for Senegal FPSO Project

December 17, 2018

Woodside and Cairn Energy awarded front-end engineering contracts for Senegal's first oil project, a key step before a final investment decision expected in mid-2019, Woodside said on Monday. The project's first phase targets the unlocking of…

FSRU Rendering CREDIT SENER.jpg

Uniper intensifies LNG plans with Japan's Mitsui OSK

December 17, 2018

Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022. Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany.

web Credit - Kenneth Engelsvold -  Statoil - Norneskipet - 1162619 (1).jpg

Norne FPSO Extended Through 2036

December 14, 2018

Norway's Petroleum Safety Authority has given Equinor the green light to extend the operation of the Norne floating production storage and offloading vessel (FPSO) and associated facilities until the end of 2036. "The consent has been granted…

Total:1657 Returned:21