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November 2017 Monthly Floating Production Systems Report

November 2017 Monthly Floating Production Systems Report

As detailed in the November WER report, ordering activity for production floaters continues to accelerate. In mid-November Statoil selected Sembcorp for a $490 million contract to build the FPSO hull for the Johan Castberg field in the Barents Sea. This order brings the number of FPSO contracts to nine so far in 2017 – vs. three in 2015 and none in 2016. A second FPSO contract, for the North Sea Penguins field, is widely rumored to be near contract award, with Fluor as the EPC contractor.

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How Will the Shifting US Political Landscape Impact the Energy Business?

Video: How Will the Shifting US Political Landscape Impact the Energy Business?

Jim McCaul, founder of International Maritime Associates, discusses the incoming Trump administration and its potential impacts…

Floating Production News

Trelleborg Solutions for FLNG Ship-to-Shore System

December 13, 2017

Trelleborg has hailed the recent test of the Universal Transfer System (UTS) conducted…

Former Chief of Daewoo Shipbuilding Gets 6 Years in Jail

December 9, 2017

Former Daewoo Shipbuilding & Marine Engineering (DSME) boss Nam Sang-tae sentenced…

Aker to Design Johan Castberg FPSO Accommodations

December 9, 2017

Aker Solutions won a contract from Sembcorp Marine to design the living quarters…

Energy News

Rising US Output Weighs on Oil Prices

December 14, 2017

Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S.

Aker Solutions Secures Subsea Services Work for Statoil

December 14, 2017

Aker Solutions said it has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway.

EIC Appoints Two New Board Members

December 14, 2017

The Energy Industries Council (EIC), a leading trade association for companies that supply goods and services to the energy industries worldwide…