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June 2018 Monthly Floating Production Systems Report

June 2018 Monthly Floating Production Systems Report

While orders for new production floaters have slowed over the past few months, the near term outlook for the floating production sector continues to be very positive. Over 200 deepwater projects are in the planning queue – with more than 20% likely to reach the contracting stage by the end of 2019. Assuming no major change in the underlying market, these projects could produce orders for 22 FPSOs, 2 production semis, 2 FLNGs and 18 FSRUs over the next 18 months.

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Floating Production News

Petrobras to Start Up Four New Platforms in Q4

July 19, 2018

Brazil's state-controlled oil company Petrobras will start pumping pre-salt oil from…

MODEC Secures FPSO FEED Contract

July 18, 2018

MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips…

Royston Completes FPSO Engine Overhaul

July 18, 2018

An engineering team from power specialist Royston has completed the overhaul of engines…

Energy News

Turkey's Tupras Reduces Iranian Crude Purchases as U.S. Sanctions Loom

July 20, 2018

Turkey's biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would…

UK Union to Ballot 2,500 Offshore Oil Workers for Strike

July 20, 2018

Offshore oil services workers will be balloted for potential strike action after they rejected a pay increase offer by the Offshore Contractors Associ

Aker Solutions Workers at Equinor's Mariner Platform Vote to Strike

July 20, 2018

Unite the Union members working for Aker Solutions on Equinor's Mariner oil platform voted for strike action relating to pay, Britain's largest worker