Japanese floating oil and gas production systems provider MODEC has signed a contract to perform Front End Engineering and Design (FEED) for an FPSO vessel for ExxonMobil's “Uaru” oil field ...

The Market - Global Floating Production Capex to Double. Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over ...

Singapore-headquartered Seatrium Ltd. has signed a non-binding memorandum of understanding (MOU) with Shell Global Solutions International BV to strengthen collaboration in floating production systems ...

Indeed, many experts believe that the riser system is far and away the most critical element in an overall floating production system — more important than the floating platform itself — and ever more ...

HOUSTON, May 5-- Oil and natural gas companies' capital expenditures on floating production systems (FPSs) are expected to reach $32 billion over the next 5 years compared with the $17 billion spent ...

However, analysts have cautioned that FPSO projects remain dogged by cost overruns and delayed start-ups, dampening optimism over a revival of a sector that has been in the doldrums in recent years.

HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday. The floating ...