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July 2018 Monthly Floating Production Systems Report

July 2018 Monthly Floating Production Systems Report

Oil prices continue in the $70s, excess crude inventory has been eliminated, supply constraints loom – but upstream investment remains soft. Despite the reviving crude market, many operators are not yet increasing their spending on capital projects -- though even in this soft environment several production floater contracts moved forward over the past month. SBM received a FEED contract for the Liza 2 project that will morph into an EPC contract.

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Floating Production News

Shipbuilding: Oman Drydock CEO Aims to Triple Revenue by 2021

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Said bin Homoud Al Maawali, CEO, Oman Drydock Company (ODC) means business when he…

Woodside Petroleum Half-year Profit Rises

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Australia's Woodside Petroleum Ltd said on Wednesday that its first-half net profit…

Aker Solutions to Supply Umbilicals for Liuhua FPSO

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Aker Solutions said it has been contracted to deliver power umbilical systems to…

Energy News

Seabed Geosolutions Wins GoM Extensions

August 16, 2018

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom…

U.S. Energy Chief Applauds Mexico's Plan to End Fuel Imports

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U.S. Energy Secretary Rick Perry praised the goal set out by Mexico's incoming president to end massive gasoline and diesel imports…

Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project

August 16, 2018

Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company…