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BW Offshore's FPSO to Stay in Nigeria for One More Year

November 8, 2021

Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs. The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge.

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Coral Sul FLNG Project on Track, Eni Says

November 5, 2021

Claudio Descalzi, CEO of the Italian oil and gas giant Eni on Friday met with Filipe Nyusi, President of Mozambique, where Eni is working to develop giant offshore gas reserves using a floating LNG unit. Descalzi updated President Nyusi on the Eni-led Coral South Project…

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Record Number of Floating Production System Awards Expected Over the Next 18 Months

November 1, 2021

Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.

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.

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Orcadian Gets Three FPSO Proposals for Pilot Field

October 28, 2021

Orcadian Energy, a UK North Sea-focused oil and gas development company previously known as Pharis Energy, has said it has received three expressions of interest for the provision of an FPSO for its Pilot field development. The company engaged…

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Hess Sees 1 Million bpd Oil Output from Guyana by 2027

October 28, 2021

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday. The projection comes shortly after a second floating production…

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Liza Unity FPSO Reaches Guyana

October 27, 2021

Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said. The production storage and offloading (FPSO) facility is expected to add 220…

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LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

October 25, 2021

Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday. Morgan Stanley has raised its long…

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Model Testing Complete for Delta Offshore Energy's 3.2GW LNG-to-Power Project

October 25, 2021

Delta Offshore Energy (DOE), a company working to develop the 3200 MW Bac Lieu LNG-to-Power Project in Vietnam, has said that model testing of the LNG receiving terminal technology has been successfully completed. As previously reported DOE…

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Guyana Could Resume Oil Supply Talks with India

October 22, 2021

Oil producer Guyana could resume talks with India for a deal to sell the government's share of crude as output rises next year, the South American nation's vice president told Reuters. Earlier this year, Indian refiners bought at least two test cargoes of Guyana's Liza light sweet crude.

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Petrobras Posts Mixed Third-quarter Production Figures

October 21, 2021

Brazil's Petrobras posted mixed production figures on Wednesday as the state-run oil company ramps up output at some major oilfields while also jettisoning a number of legacy production assets as part of a wider divestment drive. In a securities filing…

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Aker Solutions Wins FEED for Wisting FPSO

October 20, 2021

Norwegian oilfield equipment and technology provider Aker Solutions said Wednesday it has received a letter of intent (LOI) for a front-end engineering and design (FEED) contract from energy company Equinor for the floating production, storage…

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Regulator Lays Charges Over 2018 Canada Oil Spill

October 19, 2021

The Canada-Newfoundland Offshore Petroleum Board said on Tuesday that it has laid three charges following a 2018 oil spill off Canada's Atlantic Coast. The board said it laid the charges against Husky Oil Operations Limited for the spill in the White Rose Field.

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VIDEO: Guyana-bound Prosperity FPSO Enters Drydock in Singapore

October 14, 2021

The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production.

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Occidental Sells Stakes in Jubilee and TEN Fields Offshore Ghana

October 13, 2021

Occidental Petroleum Corp agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corp, the oil and gas producer said on Wednesday, as it looks to cut the debt it took on with its purchase of Anadarko Petroleum.

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4Subsea to Monitor Steel Catenary Risers on Giant FPSO in Brazil

October 12, 2021

4Subsea, a provider of tech solutions for the offshore energy industry, has secured a service agreement to monitor steel catenary risers on the Bacalhau field FPSO, offshore Brazil. The field, in Brazil's Santos Basin, is operated by Norway's Equinor.

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VIDEO: SBM Offshore's LNG2Wire Floater Concept

October 12, 2021

SBM Offshore, one of the world's largest suppliers of floating, production, storage, and offloading (FPSO) vessels for the offshore oil industry, is looking at ways to diversify its offering, with a more dominant role predicted for gas in the future.

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Petronas' FLNG Satu Delivers 50th LNG Cargo

October 5, 2021

Malaysian oil and gas firm Petronas said Tuesday its floating LNG Unit Satu had delivered its 50th LNG cargo. "The milestone cargo was successfully loaded on September 25, 2021, onto the Seri Cemara LNG carrier operated by MISC Berhad for shipment to Taiwan," Petronas said.

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Hurricane Energy Expects Lancaster Field to Deliver at Upper End of 2021 Output Guidance

September 29, 2021

Hurricane Energy, the operator of the Lancaster field west of Shetland, has said that the annual output from the field would be at the upper end of the 8,500 - 10,500 bopd guidance. The company issued output guidance on Wednesday, taking into…

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BW Offshore Orders VIKING Lifeboats for Australia-bound FPSO

September 28, 2021

Offshore safety equipment provider VIKING has said it has won a contract with FPSO supplier BW Offshore to deliver has selected VIKING Norsafe free-fall lifeboats, daughter craft, and davits for a large FPSO project which will operate off northern Australia.

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Altera's Petrojarl Knarr FPSO Pilots DNV ABATE Class Notation

September 27, 2021

Classification society DNV has introduced the new ABATE class notation, to assist the owners and operators of offshore floating installations to identify and implement measures to reduce greenhouse gas (GHG) emissions. The ABATE notation provides…

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Number of Production Floater Contracts in Near-term Queue at Record High

September 27, 2021

Crude prices have climbed to the upper-$70s, sustained by continued demand growth and the OPEC+ production curtailment agreement. Excess oil inventory has largely been eliminated, natural gas supply shortages have appeared in Europe and LNG prices have soared.

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