Recent Articles

Floater Sector Beginning to Regain Traction -- With More Than 70 Projects Awaiting the Market Upturn Signal

April 15, 2017

Jim McCaul -- Orders for production floaters have finally begun to flow.  The break came early this year when contracts for a production semi for use in the GOM and an FPSO for use off Malaysia were awarded.

Events Over the Past Two Months Have Changed the Dynamics of Domestic Energy Development

December 12, 2016

Jim McCaul -- Donald Trump’s presidential win and Republican sweep of the US government in November – along with OPEC’s oil production cuts in December -- have injected new dynamics into the US energy

Floating Production Systems Contracts Hit by Market Downturn – But the Cycle Seems to Have Bottomed

April 28, 2016

Jim McCaul -- No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of

Some Earlier Articles and Presentations

"Near Term Outlook for Floating Production System Orders" - August 2015 issue of Kaiji Press, authored by Jim McCaul and Junko Ujiie, IMA/World Energy Reports (Japanese version)

"Update on the Floating Production Market" - February 2015 issue of Maritime Reporter and Engineering News, authored by Jim McCaul

Outlook for FPSO Orders Over the Next Five Years, presentation prepared by Jim McCaul for the Global FPSO Forum - September 25, 2014

"Update on the Floating Production Sector" - July 2014, a note by Jim McCaul and Junko Ujiie (Japanese version)

"Floating Production System Orders Outlook" - May 2014 issue of Maritime Reporter and Engineering News, authored by Jim McCaul

"Projected Requirements for FPSOs Over the Next Five Years" - May 2014 issue of Offshore Magazine, authored by Jim McCaul

Future FPSO Projects in the Decision-Making Process, presentation by Jim McCaul at the Emerging FPSO Forum - September 25, 2013

"Opportunities for Shipbuilders and Repair Yards In the Huge and Growing Market for Floating Production Systems" - September 2013 issue of Maritime Reporter and Engineering News, authored by Jim McCaul

"Is Shale Oil a Threat to Future Deepwater Development?" - September 2013, a note by Jim McCaul

"Floating Production Systems to Grow 40% in Five Years" - April 2013 issue of Marine Technology, authored by Jim McCaul


"120 to 175 Floating Production Systems Forecast Over the Next Five Years" - March 2011 issue of Oil and Gas Journal, authored by Jim McCaul

Floating Production Systems, presentation by Jim McCaul at Tulane Energy Week - 2010

"Oil Price Drop Unevenly Affects Floating Production Projects" - February 2009 issue of Oil and Gas Journal, authored by Jim McCaul

"Growth of Floating Production Systems Accelerates" - May 2008 issue of Oil and Gas Journal, authored by Jim McCaul

FPSO Industry Focus - Setting the Scene, presentation by Jim McCaul at Intsok International Oil and Gas Business Days - 2007

"Growing Requirement For Floating Production Systems" - May 2006 issue of Maritime Technology Reporter, authored by Jim McCaul

"Outlook For Floating Production Systems" - August 2003 issue of Maritime Reporter and Engineering News, authored by Jim McCaul

The Impact of Ports on Accessing International Markets, presentation by Jim McCaul at the World Bank Transport Forum, January 22, 2003

The Deepwater Gulf of Mexico, presentation by Jim McCaul to Intsok Partners, March 4, 2002

Overview of the Floating Production Systems Sector, presentation by Jim McCaul at the 18th Annual Floating Production Systems Conference and Exhibition, December 2001

Ultra-Deepwater Production and Need for Shuttle Tankers in the Gulf of Mexico, presentation by Jim McCaul at the 6th Annual Deepwater Technologies & Development Conference, September 2001

"Floating Production Systems Provide a Capability to Produce Deepwater and Remote Fields" - June 11, 2001 issue of Oil and Gas Journal, authored by Jim McCaul

"Future Requirements for Shuttle Tankers in the Gulf of Mexico" - June 2001 issue of Maritime Reporter and Engineering News, authored by Jim McCaul

"Outlook for Deepwater Drill Rigs, Offshore Construction Equipment and Floating Production Systems" - May 1998 issue of Offshore, co-authored by Jim McCaul and Eric Smith, President Saipem, Inc.

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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There Are Signs of Hope for the Energy Industry

Video: There Are Signs of Hope for the Energy Industry

Jim McCaul, founder of International Maritime Associates, discusses the rebounding energy sector and the state of floating production.

Floating Production News

Trelleborg Solutions for FLNG Ship-to-Shore System

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

Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects

December 16, 2017

Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer…

Former Chief of Daewoo Shipbuilding Gets 6 Years in Jail

December 9, 2017

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

Energy News

Asian LNG Spot Prices Jump after European Gas Outages

December 15, 2017

Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets…

UK Forties Oil Cargoes Delayed for Weeks by Pipeline Shutdown

December 15, 2017

The loading dates of Forties crude cargoes, which help set the global Brent benchmark, have been delayed by at least two…

Engie, Elecnor Win Licenses to Build Power Lines in Brazil

December 15, 2017

French energy group Engie SA and Celeo Redes, a firm controlled by Spain's Elecnor , won licenses on Friday to build and…