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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

Big Oil Readies Brazil Offshore Bets

September 24, 2018

Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday…

Reviewing Sapinhoá-Lula NE BSR System

September 22, 2018

The exploration and production of deepwater pre-salt plays offshore Brazil have triggered…

BW Adolo FPSO Produces First Oil

September 22, 2018

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved…

Energy News

Russia's Novatek Ships First LNG Cargo to Brazil

September 25, 2018

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal…

MSC to Introduce Global Fuel Surcharge

September 25, 2018

Improving the environmental performance of the container shipping supply chain is a common goal shared by shipping lines…

Big Oil Readies Brazil Offshore Bets

September 24, 2018

Exxon Mobil Corp , Royal Dutch Shell Plc and other companies will gather on Friday in possibly their last crack at Brazil's…