Stories

dua flng pflng floating lng petronas 2.jpg

Petronas' Floating LNG Facility PFLNG Dua Produces First LNG

February 15, 2021

Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility. The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia.

eolienne-offshore-0443.jpg

FPSO Firm BW Offshore Eyes Entry into Floating Offshore Wind

February 12, 2021

BW Offshore, a company known for its FPSO leasing business in the oil and gas sector, is looking to diversify by entering the floating offshore wind space and has started talks with floating wind firm Ideol over a potential investment. The move…

20160901_200337_resized.jpg

Palfinger to Deliver Lifeboats, Cranes for Anna Nery FPSO

February 12, 2021

Palfinger has won an order to deliver cranes, lifeboats, a rescue boat, and davits for Malaysia-based Yinson's Anna Nery FPSO, which will, once complete be deployed at Petrobras' Marlim 2 field offshore Brazil. Under the order, Palfinger will…

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
credit-117418.png

ABS Approves HHI's Design for Mexico-targeted FSO

February 11, 2021

Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters.

SBM Offshore’s first Fast4Ward® hull arrives at Keppel yard in Singapore from China. Photo credit Lim Weixiang.jpg

SBM Offshore Expects Lower 2021 Earnings as Clients Cut Spending

February 11, 2021

SBM Offshore forecast that 2021 core earnings will be slightly below market expectations, the multinational oil firm said on Thursday, noting 2020 challenges will spill into 2021 as many of its clients had to cut budgets. The Dutch company, which supplies floating oil and gas production vessels…

Hoegh Gallant.jpg

Höegh LNG Nets LNG Carrier Charters with Trafigura, Cheniere

February 9, 2021

Oslo-listed LNG tanker operator Höegh LNG has reached an agreement with Trafigura for an extension of a charter for LNG carrier Hoegh Gannet. It also signed a new interim time charter for Höegh Gallant vessel with the same company. The existing…

frade-photo-courtesy-offshore-119701.png

Brazil: Petrobras, PetroRio Complete Frade Field Transaction

February 8, 2021

Brazilian oil giant Petrobras has sold its 30 percent stake in the Frade offshore oil field to PetroRio. With the completion of the transaction, PetroRio now fully owns the field, located in the Campos Basin, north coast of the state of Rio de Janeiro.

NGANHURRA.jpg

Woodside Issued Enforcement Action over Nganhurra RTM Decommissioning

February 5, 2021

Australian offshore oil and gas regulator NOPSEMA on Friday said it was taking compliance action against oil firm Woodside Energy Ltd to ensure safe and responsible decommissioning of the Nganhurra riser turret mooring. The regulator said it was looking at possible breaches of law, as well.

Aoka Mizu.jpg

Bluewater Taps Royston for FPSO Engine Overhaul

February 4, 2021

FPSO operator Bluewater Services signed a framework agreement with marine engineering and maintenance firm Royston for engine overhaul, repair, and associated services on two of its FPSOs. U nder the agreement, Royston will carry out planned…

p-69 fpso.jpg

Report: Keppel Submits Lowest Bid to Build FPSO for Petrobras' Buzios Field

February 4, 2021

A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said. Keppel offered to build P-78…

credit-modec-117797.png

TMC to Deliver Air Compressors for Equinor's Bacalhau FPSO

February 3, 2021

TMC has won a contract to supply  the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders. TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors…

petrobras.jpg

Petrobras Receives Three Offers in FPSOs Tender

February 2, 2021

Brazilian state-run oil company Petrobras received offers from three consortia looking to build the company's first in-house platforms in more than seven years, the company said on Tuesday. In a release, Petroleo Brasileiro SA, as the company is formally known…

Intrepid FPSO.jpg

Three60 Energy to Provide Duty Holder Services for FPSO Intrepid

February 2, 2021

Three60 Energy, a UK-based energy services company, will be providing Duty Holder O&M services to the FPSO Intrepid, currently producing from the Galoc Field, located offshore Palawan Island in the Philippines, in what this the company first such contract outside of the UK.

AdobeStock_118096090.jpeg

Oil Market On Track to Rebalance Around Mid-2021

January 29, 2021

U.S. petroleum inventories have continued to converge down towards the five-year average, a sign that oil market rebalancing remains on track, despite the resurgence of the coronavirus since the end of 2020. Total stocks of crude oil and products…

Urissane.jpg

Petrobras Strikes Oil at Urissanê Well, Off Brazil

January 29, 2021

Brazilian oil firm Petrobras has said it has identified the presence of hydrocarbons in the wildcat well in the block C-M-411, in the pre-salt region in the Campos Basin, off Brazil. The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast…

FLNG+Photo.jpg

Transborders' 'Stranded Gas' FLNG Moves Step Closer to Reality with Multi-Party Deals Signed

January 28, 2021

Transborders Energy, an Australian company working to develop a 1.5 mpta FLNG solution for marginal field development, on Wednesday said it had signed a multi-party and multi-project FLNG Solution Agreement with multiple contractors, bringing the FLNG unit closer to reality.

4.jpg

Bulgartransgaz Takes 20% Stake in Greece's Gastrade

January 28, 2021

Bulgartransgaz, the operator of the national natural gas transmission network of Bulgaria, has officially taken a 20% share in Greek company Gastrade that is developing an LNG floating storage and regasification unit (FSRU) offshore Alexandroupolis.

frade-photo-courtesy-offshore-118228.png

PetroRio Nears Full Takeover of Frade Offshore Field. Decom Costs Cut

January 22, 2021

Brazilian oil company PetroRio has received regulatory approval to acquire a 30% stake in the Frade oil field in the Campos Basin offshore Brazil from Petrobras. The company expects that the procedures for the assignment of 30% interest to PetroRio will be completed in the upcoming days.

sangomar-render-image-credit-woodside-118013 (1).jpg

FAR, Woodside Sign Senegal Assets Sale Deal

January 20, 2021

Australian oil and gas company FAR has executed the sale agreement with Woodside for its interest in the Senegal RSSD Project to Australia's Woodside. FAR had agreed to sell its Senegal interests, containing the Sangomar development , to India's ONGC Videsh in November 2020.

Banff-forfra-med-rigg-og-supplyskip-Neil-Fury-1250x938.jpg

Petrojarl Banff FPSO to Be Recycled in Denmark

January 18, 2021

M.A.R.S. Europe said it has been awarded a contract by Teekay Petrojarl Floating Production UK Ltd. for dismantling and recycling of the Petrojarl Banff floating production, storage and offloading unit (FPSO). The deal includes engineering, preparation…

STENA_CARRON.jpg

Exxon Strikes Out at Hassa-1 Offshore Guyana

January 15, 2021

Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months. Exxon, which operates the Stabroek…

Total:2406 Returned:21