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Floating Production News

Brazil Postpones Santos Basin Bid Round

June 13, 2019

Brazil's oil regulator ANP announced on Thursday preliminary rules for a major oil…

Worley, Enaval Form Brazil Brownfield JV

June 12, 2019

Australian-based engineering firm Worley said it has entered into a 50:50 joint venture…

Libra Partners Launch Mero Phase 2

June 11, 2019

Project partners have taken the investment decision for the second phase of the Mero…
May 2019 Monthly Floating Production Systems Report

May 2019 Monthly Floating Production Systems Report

Despite rising supply risk, crude prices have shown remarkable resilience. Oil prices have trended in the low to mid $70s over the past month. Even an attack on several tankers outside the Strait of Hormuz failed to jolt the oil market. Expectation that OPEC+ will offset Iranian oil exports and continuing strong global oil demand growth has provided pricing support -- thus far. Meanwhile, two floater projects moved to the development stage.

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Energy News

Total Launches New Supercomputer

June 18, 2019

Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in…

Further Delay in Barryroe Project Loan

June 18, 2019

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec…

C&J Energy, Keane Merge in $1.8bln Deal

June 18, 2019

Oilfield services firms C&J Energy Services and Keane Group, said  that they will merge in an all-stock deal valued at about $1.8 billion.C&J Energy…