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.

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FLOATING LIQUEFACTION AND REGASIFICATION - An Assessment of Future Requirements for FLNGs and FSRUs

2019 Annual Outlook. Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle. Many FLNG and FSRU projects are planned – but only some will ultimately will move forward to development. The goal of our report is to objectively sort out likely winners and losers – and explain the rationale for the rating.
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LNG Investment Set to Grow

Video: LNG Investment Set to Grow

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification…

Floating Production News

Norne FPSO Extended Through 2036

December 14, 2018

Norway's Petroleum Safety Authority has given Equinor the green light to extend the…

Norway Postpones Decision on Arctic Oil Terminal

December 14, 2018

The Norwegian government has postponed a decision on whether to mandate the construction…

Western Gas Chooses McDermott, BHGE for Equus Project

December 12, 2018

Western Gas announced Wednesday it has signed a Memorandum of Understanding (MOU)…
November 2018 Monthly Floating Production Systems Report

November 2018 Monthly Floating Production Systems Report

Oil prices took a violent dive in November. Growing crude inventory has sparked fear of a new demand/supply imbalance developing – causing market sentiment to suddenly reverse. The potential of oil spiking to $100+ by year end has been replaced by worries of a repeat of the 2014/15 price collapse. But while recent developments have sent a chill through the oil sector, orders for new production floaters have been relatively strong.

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Energy News

Oil Slips 2 Percent

December 14, 2018

Oil prices dropped about 2 percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from…

US Oil Drillers Cut Rigs

December 14, 2018

U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to…

Europeans Sweep Record US Offshore Wind Auction

December 14, 2018

A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling…