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September 2017 Monthly Floating Production Systems Report

September 2017 Monthly Floating Production Systems Report

As described in the September WER report, evidence is accumulating that supply and demand in the oil market is rebalancing. Oil prices are firming as excess global crude inventory continues to be worked down by strong demand growth and curtailed supply. Brent crude is now trading in the mid-$50s and the futures market is predicting prices in the upper-$50s five years out. Also in the report are details…

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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

FPSOs: New Storage Tank Explosion Frequencies

October 19, 2017

The fatal explosion in the pump room on the Brazilian FPSO Cidade de São Mateus in February 2015…

Randgrid FSO Begins Gina Krog Field Contract

October 16, 2017

Teekay Offshore Partners announced the Randgrid FSO, which was converted from one…

Exmar FSRU Locks in For Longevity with EcoLock Protection

October 16, 2017

Subsea Industries has applied its hard-type Ecolock protective coating to the hull of a 26…

Energy News

Chevron Auspends Drilling Activity in Kurdistan

October 19, 2017

Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on Thursday, in the…

Mexico Expects to Hold a Third O&G Auction in 2018

October 19, 2017

Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior…

SEA-3250-LT: Innovation in Offshore Wind Installations

October 19, 2017

GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will…