Stories

China Shale Drilling Costs Expected to Fall

August 25, 2014

State-run oil company Sinopec Corp said on Monday it expects shale drilling costs in China to drop to $50 million per well from $80 million in three to five years. Chairman Fu Chengyu was speaking at the firm's results briefing after it reported…

Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

August 23, 2014

Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.543 billion yuan, an increase of 7.5%. Semi-annual report and display, from…

Kuwait to Boost Oil Exports to China

August 23, 2014

Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait  Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal…

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 a Free Sample Report

YPF Oil Extends Operating Agreement with Sinopec to 2027

August 23, 2014

Argentina's state oil company YPF agreed Friday to extend its operation until 2027 in partnership with a local unit of China's Sinopec oil in an area of ​​a province in the center-west of the country, which represent an investment of $ 300 million, the company said in a statement.

Bureau Veritas to Class, Certify FPSOs for Saipem

August 22, 2014

Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The $4 billion project for the FPSOs was awarded to Saipem by Total for the engineering…

Can Shale Revive China's flagging oil fields?

August 22, 2014

"I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will." Those comments, recorded in an illustrated history of the Songliao Basin published by China National Petroleum Corporation (CNPC)…

Sinopec Q2 Earnings Beat Street

August 22, 2014

Sinopec Corp, Asia's largest refiner, posted a 36 percent rise in second-quarter profit, beating forecasts, as a strong improvement at its refining business more than offset a weakening chemicals division. It posted a net profit of 18.44 billion…

Qinterra Contracted for $20m Petronas Deal

August 21, 2014

International specialists well intervention technology company Qinterra Technologies has been awarded a contract worth up to $20miliion (USD) to support Petronas  Carigali Sdn Bhd operations in Malaysia. The three year deal, will see Qinterra…

Gas Flows To Millions in Thailand While Pipeline Repaired

August 20, 2014

Responsible for providing Thailand with 20 percent of its annual natural gas supply, PTT Exploration and Production Public Company Limited (PTTEP) works hard to make certain that natural gas production from the Bongkot and Erawan Production Platforms…

Motion Compensation Aids Offshore Lifeboat Lift

August 20, 2014

In a refurbishment program to upgrade lifeboats on offshore platforms, Ampelmann completed a second successful reinstallation using its full motion compensation technology. The eight-metric-ton lifeboat was kept completely stationary above the vessel deck…

First Oil in Salamander FSO at Bualuang Field

August 19, 2014

Salamander announces that first oil has been received in the tanks of the newly converted Suksan Salamander Floating Storage and Offtake Vessel (“FSO”) at the Bualuang field in the Gulf of Thailand. This is the culmination of the planned upgrade…

Weak Diesel Imports for Indonesia for Years to Come

August 19, 2014

Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.

XPD8 Seals Contracts in North Sea, Malaysia

August 19, 2014

Asset integrity management specialist XPD8 Solutions has secured more than £2.25 million in combined contract wins for work in the North Sea and Malaysia. Over a period of 12 months, XPD8 will develop the work management system, which includes asset register…

EnQuest Marks 11 Years of Safety Achievements

August 19, 2014

Independent oil producer EnQuest has achieved a safety milestone after recording a total of 11 years without a lost time incident (LTI) across three of its North Sea producing assets. The Heather drilling team achieved eight years without an LTI…

McDermott Awarded Anadarko GoM Contract

August 18, 2014

McDermott International, Inc. says that one of its subsidiaries has entered into an agreement with Anadarko Petroleum Corporation to provide construction and decommissioning support services employing Derrick Barge 50 (“DB50”) on the Red Hawk project, located in Garden Banks 876.

Apache First Discovery in Australia's Offshore Canning Basin

August 18, 2014

Apache Corporation  today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging…

IMCA Cracks Down on Bribery and Corruption

August 15, 2014

Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the substantial risk it creates to the…

Bechtel, Union Avert Aussie LNG Construction Delays

August 15, 2014

Engineering giant Bechtel Corp reached a new workplace agreement on Friday with construction workers, averting strikes that could have delayed the start-up of three liquefied natural gas (LNG) plants it is building on Australia's east coast.

Thai Oil Keen to Upgrade SE Asia Refineries

August 15, 2014

Thai Oil, the country's largest refiner, said on Friday it was keen to take part in bids to upgrade refineries in Indonesia and Myanmar as part of its regional expansion in Southeast Asia. Thai Oil, a unit of the country's top energy firm PTT Pcl…

Roc Oil Starts Drilling on Block 09/05 & FARM-OUT OF 40%

August 14, 2014

Roc Oil (Bohai) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX:ROC), as operator of Block 09/05, Bohai Bay, Offshore China advises that drilling has commenced on the first exploration well QK11-1-1. Drilling from CPOE Rig…

Fastnet Announces Improvement of Deep Kinsale Option

August 14, 2014

Fastnet the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, is pleased to announce that it has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited ("Kinsale Energy")…

Total:2100 Returned:21