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May 2017 Monthly Floating Production Systems Report

May 2017 Monthly Floating Production Systems Report

The May WER report examines the rate at which oil inventory is declining, looks at the rebalancing now taking place in the oil market and comments on the narrow price range within which crude is trading. The report also profiles the latest FPSO tender issued by Petrobras, describes the lease for an FSRU for use in India and discusses the decision by Anadarko to suspend the Shenandoah project in the Gulf of Mexico.

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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

EnQuest Sticks to Annual Target as Oil Production Falls

May 28, 2017

North Sea-focused oil producer EnQuest said its production fell 11 percent year on…

Petrobras Will Not Bid for all Eight Pre-salt Areas

May 28, 2017

Petróleo Brasileiro SA does not have the means to bid for all eight pre-salt exploration…

Petrobras Sees Higher Oil Exports as Presalt Fields Develop

May 28, 2017

Brazilian government-controlled Petroleo Brasileiro SA expects higher oil exports…

Energy News

EU Hopes Closer to Talks with Russia on Nord Stream Pipeline

May 26, 2017

A top European Commission official said on Friday European Union members would be asked within days to give the bloc's executive…

Oil Agreement Will Help to Balance Market -UAE

May 26, 2017

The extension of a global oil output cut deal will help to bring balance to the oil market and encourage investments in the oil sector…

Nigeria Bill Aims to Break Up NNPC

May 26, 2017

The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company…