FPS Activity Remains Strong Despite Obstacles
Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.
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Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.
Investments in floating liquefied natural gas (FLNG) production terminals are poised to increase sharply in the next four years, driven by Europe’s need
Investments in floating liquefied natural gas (FLNG) production terminals are poised to increase sharply in the next four years, driven by Europe’s need
2022 saw a 10-year record number of offshore floating production units sanctioned, with more expected in the coming year.
Globally the offshore rig market is going back to pre-pandemic numbers, with the drillship market increasing by 23% and the jackup market increasing by 6%, according to Westwood energy experts.