Hydrocarbon Processing News

The global floating production storage and offloading (FPSO) market was valued at around US$ 25 Bn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026, said a new report.Based on type, the global FPSO market can be divided into converted, new-build, and redeployed, said a new report by Transparency Market Research (TMR) on FPSO market.In terms of value, the converted segment dominated the global FPSO market in 2017. Low capital requirement and faster deployment of converted FPSOs as compared to new-build FPSOs are likely to drive the segment during the forecast period.FPSO is a converted tanker or a purpose built vessel that can be multi-hull production semi-submersible, cylindrical shaped production spar/ mono hull, or ship shaped.

Clean technology engineering company for the petroleum industry Genoil Inc has signed a tri-partite science, research and technical cooperation agreement with two leading Russian institutions. Genoil has joined forces with the UFA Scientific Research Institute of Petroleum Refining and Petrochemistry, located in Bashkortostan, Russia, and the OJS VNIIUS Institute, located in Tatarstan, Russia to establish a world class partnership. The scope of the agreement is to research, develop and market cutting-edge technologies and patents both in the Americas and globally. The partnership will focus on the petrochemistry, petroleum refining and gas chemistry industries where, through joint co-operation and a wide base of expertise, the parties саn add significant value to client proposals.

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak at the Canada LNG Export Forum on Wednesday, September 18, 2013 at 4:10 p.m. Guttulsrod will speak on the topic of The Emergence of Mid-Scale Barge-Based LNG Plants comparing the value of mid-scale floating LNG vessels to the large FLNG projects currently under development. Mr. Guttulsrod is a chemical engineer with more than 25 years of experience in the hydrocarbon processing and related maritime industries. He has extensive management and operational experience from both staff and project positions.

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak in the Strategy Roundtable of Floating LNG 2013, the world’s largest conference on floating LNG on Wednesday, June 12, 2013. Mr. Guttulsrod will be part of the Technical Panel, speaking on how FLNG is coming of age and moving forward Into FLNG delivery. Mr. Guttulsrod is a chemical engineer with over 25 years of experience in the hydrocarbon processing and related maritime industries. He has management and operational experience from both staff and project positions. His global experience includes business development…