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Cenertech's New FPSO to be Built to ABS Class

August 18, 2021

ABS said Wednesday that the new FPSO ordered by China National Offshore Oil Company Energy and Technology Services  Company (Cenertech) to serve the Lu Feng 12-3 Oilfield would be built to ABS Class. The 100,000 DWT FPSO is the center of a development…

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Guyana Vows to Develop Its Oil in an Environmentally Safe Manner

August 17, 2021

Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration. The tiny South American…

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Chevron Sees Brazil's Pre-salt Oil as Prize Asset

August 17, 2021

Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The "pre-salt chapter" might be the most important development in Chevron's more than century-long presence in Brazil…

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!

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OPEC+ Sees No Need to Meet US Call for More Supply

August 16, 2021

OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters. The price of international…

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VIDEO: Prosperity FPSO Hull Arrives in Singapore

August 12, 2021

The hull of the FPSO Prosperity, which will be Guyana's  third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules. SBM Offshore, which will deliver the FPSO  to end client ExxonMobil…

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Guyana Earns Nearly $80 Mln from 7th Crude Cargo

August 9, 2021

Guyana earned nearly $80 million from the seventh crude cargo allocated to the government from the offshore Liza project, the highest figure since exports began in early 2020, the Ministry of Natural Resources said on Monday. The cargo of 1…

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Oil Headed for Big Weekly Loss on Demand Worries

August 6, 2021

Oil prices tumbled on Friday, closing out a week of losses on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail global economic gains. Daily new COVID-19 cases in the United States have climbed…

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15 Bids in To Market Guyana Governent Crude

August 5, 2021

Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday.

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Petrobras Post Strong Results as Crude Rises, Gas Strengthen

August 5, 2021

Brazil's Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line. In an evening securities filing, Petroleo Brasileiro SA…

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Exxon Considers Pledging Net-zero Carbon Emissions by 2050

August 5, 2021

Exxon Mobil Corp is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The report comes more than two months after the oil major's shareholders…

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SBM Inks LOI to Lease FPSO for Petrobras' Mero Field

August 3, 2021

Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a newbuild floating production, storage and offloading unit (FPSO) at the Mero field in the Santos Basin offshore Brazil. SBM…

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By the Numbers: Eye on Guyana & FPSOs

August 2, 2021

According to Jim McCaul, Managing Director at IMA/ World Energy Reports , Guyana has a huge appetite for FPSOs.

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China Starts Production at 100,000 DWT Deepwater Semi-sub FPSO

August 2, 2021

China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO). Dubbed Shen Hai Yi Hao, the platform is formally…

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WER: Near-term Outlook for Floating Production Systems 'Very Positive'

July 29, 2021

The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive.

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SBM Offshore to Deliver FPSO for Petrobras' Buzios Field

July 27, 2021

Dutch FPSO leasing specialist SBM Offshore has secured a firm deal with Petrobras to lease and operate a newbuild FPSO at its giant Buzios offshore oil field in Brazil. The firm contract, for the 26.25 years lease and operation of the FPSO to be named Almirante Tamandaré…

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"We'll vigorously defend," Keppel Says After FPSO Arbitration Request

July 23, 2021

Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.

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Petrobras 2Q Oil Output Flat on Maintenance Stoppages, Divestments

July 23, 2021

Brazil's state-run oil company Petrobras on Thursday presented flat production numbers in the second quarter, as the ramp-up off some major platforms was largely offset by maintenance stoppages and divestments. In a securities filing, Petroleo Brasileiro SA…

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Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

July 21, 2021

Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines. The LNG Terminal…

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Perenco, SNH to Increase Utilization of Golar's Hilli Episeyo FLNG

July 20, 2021

Oil and gas company Perenco and Cameroon's national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo - Africa's first FLNG in operation and the world’s first converted FLNG. The Hilli Episeyo FLNG…

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Brazil: Enauta Brings Another Atlanta Field Well Back Online after Pump Failure

July 20, 2021

Brazilian oil company Enauta has brought online another oil well at its Atlanta field in the Santos Basin, offshore Brazil, following a recent pumping system failure, and is now producing from two wells connected to the Petrojarl I FPSO. As previously reported…

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Hudong-Zhonghua Delivers LNG FSRU to Dynagas

July 19, 2021

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU). The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday, July 15.

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