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The offshore  drilling market has struggled through years of uncertainty and stagnation, but now it is bouncing back in a big way

More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts. The roughly 12 deepwater US Gulf discoveries scored in 2021 could expand by a couple more next year, and several fields that have patiently ...

A record number of FPSO vessel licenses are set to expire in 2022, according to Westwood Global Energy Group. A record number of floating production, storage, and offloading (FPSO) vessel licenses are set to expire in 2022, according to a new analysis from Westwood Global Energy Group. The market research and consultancy firm’s recent Global Floating Production Systems (FPS) report finds that as many as 30 FPSO units could become available by the end of 2022 as their leases expire – a potential tenfold increase compared to the average of approximately three expirations since 2015. Westwoo...

You are here Westwood: Record number of FPSO licenses set to expire in 2022 Submitted by Anonymous on Wed, 2021-05-19 13:04 19th May 2021 New analysis from Westwood Global Energy Group reveals the number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015 New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the number of FPSO leases set to expire in 2022 is significantly higher than the yearly average of ~3 since 2015, with the potential of 30 units becoming a...