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ITC Global has turned its attention to offshore Brazil following the installation of communications services to four FPSO vessels off the coast of West Africa.
Stavanger, Norway-based Ocean Installer has landed a subsea umbilicals, risers and flowlines project in the Al Jurf oil field offshore Libya, the company said on June 20.
For the first time, the U.S. Department of Energy has granted approval for a floating gas terminal to export LNG to countries not in a free-trade agreement with the U.S.
Equatorial Guinea has short-listed Royal Dutch Shell and oil traders Gunvor and Vitol for an offtake agreement at its Fortuna floating LNG export terminal and expects to make a final decision by August, its oil minister said June 5.
Woodside is starting work on a new study to find the best development concept for its Browse project offshore Western Australia now that it has officially ruled out the use of a floating LNG (FLNG) solution.
Petronas marked an important milestone in the LNG industry in late March by shipping the first cargo from a floating liquefaction unit.
An updated forecast shows a resurgence of FPSO activity in the years ahead as falling project costs and improving market conditions boost optimism for brighter days ahead.
Wärtsilä started 2017 with good news for its maritime activities in Brazil.
A report from U.S.-based Zion Market Research forecasts global FPSO market growth between 2015 and 2021 as oil and gas E&P expands in deepwater, ultradeepwater and offshore fields.
Watch out for the impact of floating LNG (FLNG) storage in 2017 and 2018, particularly during the seasonal “shoulder months,” Genscape advised.
Rising oil prices are boosting hopes that more FPSO units will join the workforce following years of lackluster activity caused mostly by spending cutbacks driven by the downturn.
But a quick turnaround is not expected, considering the long lead time needed for offshore infrastructure.
SBM Offshore’s holiday season brightened with the award of an FPSO contract for ExxonMobil Corp.’s Liza development offshore Guyana, giving a glimmer of hope for the ailing FPSO market sector.