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September 2018 Monthly Floating Production Systems Report

September 2018 Monthly Floating Production Systems Report

Underlying market fundamentals look very good. The global economy is on steroids – growing at 3.9%. Oil prices have climbed again into the high $70 and sanctions on Iran oil shipments are likely to send prices much higher over the next few months. Bottlenecks in the major US shale oil region have raised costs and slowed growth in shale oil production, providing incentive for deepwater investment. Concerns…

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Floating Production News

FSO Installed in Culzean Field

September 19, 2018

Last week the Ailsa Floating Storage and Offloading unit (FSO) was successfully hooked…

Aker Bets on Software Engineers for Its Oil Business

September 19, 2018

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations…

Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls

September 19, 2018

The Kwispaa LNG Project achieved a significant milestone in its development this…

Energy News

China and U.S. Energy Officials Tout Cooperation, Despite Tariffs

September 19, 2018

Energy trade with China will remain strong in the long-term, officials said on Wednesday at a China-U.S. oil and gas forum in Houston…

Morrison, iSIMS Introduce iJacket

September 19, 2018

Chet Morrison Contractors, an energy service company for the oil, gas and renewables industries, has formed a strategic partnership…

U.S. Crude, Gasoline Stockpiles Fell Last Week - EIA

September 19, 2018

U.S. crude stocks fell last week, while gasoline stocks decreased and distillate inventories rose, the Energy Information…