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May 2018 Monthly Floating Production Systems Report

May 2018 Monthly Floating Production Systems Report

Crude spot prices have moved close to $80, propelled by strong oil demand growth, curtailed production and geopolitical worries. This price level – and potentially higher -- increasingly looks sustainable over the near to mid-term. The futures market has recently become much more bullish on crude pricing. Meanwhile, CNOOC ordered an FPSO for use in the South China Sea, Exmar signed a 10 year charter with Gunvor for use of its LNG regasification barge in Bangladesh…

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Floating Production News

Panama Imports Its First LNG Cargo

June 19, 2018

Panama has imported its first liquefied natural gas (LNG) cargo to commission the…

Angola's Oil Exports Could Drop to 2006 Lows

June 19, 2018

Angola's preliminary crude oil export plan for August includes 43 cargoes, down from…

Exxon Starts Drilling at Offshore Guyana Projects

June 16, 2018

Exxon Mobil Corp said it has commenced development drilling in the first of three…

Energy News

OPEC Strives for New Deal as Iran Wary of Output Hike

June 21, 2018

OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand…

Oil Exploration Is Ramping Up Off Norway

June 21, 2018

Oil firms are expected to drill 40-50 exploration wells off Norway this year compared to 36 wells drilled the previous year, the Norwegian Petroleum D

Lukoil, Eni Discussing Possible Swap of Mexico Licences

June 21, 2018

Lukoil, Russia's second biggest oil producer, is considering swapping licences with Italy's Eni in Mexico, First Deputy Chief Executive Ravil Maganov