Energy Maritime Associates (EMA) predicts US$130 billion will be spent on floating production units by 2018. A report by the Society of Petroleum Engineers said that continued expansion in the use of subsea production technologies, coupled…
Douglas-Westwood’s latest World Floating Production Market Report forecasts that, during 2014-2018, US$99 billion will be spent on floating production systems – an increase of 138% over the preceding five-year period. Report author, Damilola Odufuwa…
US explorer Hess remains 'confident' that its billion dollar Australian gas project will proceed. The Equus project, Hess Corp.’s planned contribution to Australia’s push for world leadership in liquefied natural gas (LNG) exports, has…
Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…
The leasing of floating production system (FPS) units is one of the main factors affecting the sector’s supply. Over time, confidence in the ability of leasing contractors to deliver and operate facilities cost-effectively has increased,…
InterMoor has been awarded a contract for design, fabrication and installation of 12 suction pile anchors, pre-set installation of 12 chain polyester chain mooring lines and hook-up of the LLOG Delta House production semi-submersible floating production system (FPS)…
The US Gulf of Mexico (GOM) has clearly returned to the spotlight as one of the hottest offshore regions in the world. The impact of Macondo appears to be in the past and the number of both drilling rigs and major production projects are increasing…
Sabah Shell Petroleum Co. Ltd. received a semisubmersible floating production system (FPS) for Malaysia’s Gumusut-Kakap deepwater field offshore Sabah. The FPS was handed over to Sabah Shell in early June and is installed in about 1200m water depth…
Petrobras leads subsea pumping development to overcome deepwater production problems Subsea boosting has evolved since the first subsea multiphase pump was installed, in 1994, by Shell at Draugen field in the Norwegian Sea. That pump…
Malaysia Marine & Heavy Engineering (MMHE) shows how the Gumusut-Kakap semi-FPS, which was delivered to Sabah Shell Petroleum Company in July, came together from beginning to load out at its Pasir Gudang yard.
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
After a major storm crippled production from Liuhua field, a major life extension project and new umbilicals from JDR Cable systems renewed an aging property; Victor Schmidt explains. Recently, JDR Cable Systems deployed several subsea…
The Gulfstar FPS, a three-deck, wet-tree spar, is a standardized design with oil and gas gathering, production handling, gas processing,and an export pipeline. The design is expected to be used on other projects bringing about considerable economic benefits…
Exmar's Opti-EX FPS in deployment at LLOG's Who Dat field in the Gulf of MexicoPrivate equity firm Blackstone Group has partnered with LLOG Exploration to invest $1.2 billion in the Louisiana-based company's Gulf of Mexico operations, the two companies announced on 13 November 2012…
Floating systems consultant Peter Lovie pinpoints some of the perils of speculative FPS building and wonders if the practice may now have become just too risky for operators or contractors to consider.In the service vessel business and in the…
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