Production Systems News

Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU)…

Briston. R.I. based naval architecture and marine engineering frim Bristol Harbor Group, Inc. (BHGI) announced it has hired Kyle Pagan as a naval architect.Pagan holds a Master’s degree in Naval Architecture and Marine Engineering from the University of New Orleans and a Bachelor’s degree in Petroleum Engineering from Louisiana State University. For his graduate research, he conducted an in-depth study of the performance of 3D printing materials under the influence of water exposure…

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time…

As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some of the main trends in the year that past as these lay the foundation for the year to come.Continuing the market development from the year before, 2023 very much advanced the ongoing recovery for offshore support vessels further.

Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global forecast translates demand to a requirement to pre-lay more than 6,000 mooring spreads within the forecast period and the hook-up of around 5,400 turbines. The available market for vessel owners, ranging from pure T&I to full floater EPCI scopes of work, amounts to $28-145 billion in the forecast period.

Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday."Offshore is experiencing a renaissance, with significant breadth and anticipated durability," SLB Chief Executive Olivier Le Peuch said at the JP Morgan Energy Power and Renewable Conference, according to a draft of the speech posted on the company's website.SLB, the world's largest oil services and equipment provider, said it expects to see a long tail of activity with 65 lease rounds concluding globally this year, i

After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO demand is competing for yard space with other construction projects.To mitigate delay risk and cost overruns, some E&Ps have reviewed their FPSO procurement strategies.

ABS is providing new technology qualification services for subsea ammonia storage technology from NOV Subsea Production Systems.The 200-cubic-meter prototype subsea storage unit is en route to NOV’s testing facility in Norway where large-scale product validation tests are planned for later this summer.The subsea storage system is part of a Joint Development Project that includes ABS, NOV Subsea Production Systems, Equinor, The Research Council of Norway and The Net Zero Technology…

IMA/WER has just completed its Annual Review and Five-Year Forecast of Orders for Floating Production Systems. The report:•provides a detailed look back at developments in the deepwater sector over the past year,•assesses 12 underlying market drivers that will determine the pace of production floater orders over the next five years,•identifies specific projects in the planning queue that will likely require a production floater and•forecasts the number of orders and capex for production floaters between 2023 and 2027.There has been a strong recovery in the deepwater sector…

Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent on this infrastructure – roughly 13 times more than was spent between 1990 and 2004.Ports reflect more than simple economic imperatives. They are crucial in creating and reinforcing social, political, and cultural systems. Infrastructure can be…

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 development project offshore Guyana.The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related to the FPSO design and to secure the second M350TM hull for FPSO service.Following FEED and subject to government approvals in Guyana of the development plan…

The L.S. Starrett Company, a manufacturer of precision measuring tools and gages, metrology systems and more, appointed Matthew Wells as Director of Operations and Continuous Improvement, responsible for Production, Planning, Production Control and Purchasing, Inventory Management, Warehouse and Shipping, Quality, Manufacturing Engineering, Facility, EHS, Maintenance and Continuous Improvement. Wells reports directly to Mr. Emerson Leme, Vice President, Starrett Industrial Products, North America.

France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator.The pilot was launched yesterday (September 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot, as part its drive towards large-scale carbon reduction.It involves Lhyfe's new Sealhyfe 400 kg/day (1MW equivalent) green hydrogen producing electrolyser platform, which has been installed on the WAVEGEM wave energy platform developed by Geps Techno.

The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER.“Major upstream operators continue to rake in record cash and spending on new upstream projects has been ramping up,” McCaul said. “Activity has returned to levels last seen before the 2008 global financial meltdown.

Keppel Offshore & Marine Ltd (Keppel O&M)’s wholly-owned subsidiaries, Keppel AmFELS in the U.S. and Keppel Shipyard in Singapore, have been awarded contracts worth around S$75 million (US$54.5 million) for the refurbishment and completion of two floating production units (FPU). The first contract is by Keppel AmFELS with Salamanca FPS Infra, LLC for the refurbishment of a floating production unit to be operated by LLOG Exploration Offshore, LLC, a private exploration and production company in the U.S.Keppel AmFELS’ scope of work on the production facility includes demolition…

Dutch FPSO leasing specialist SBM Offshore said Thursday it had completed the US$1.75 billion project financing for the FPSO One Guyana. The company has previously said that this would be the company's largest FPSO so far. It will be deployed at ExxonMobil's Yellowtail development, offshore Guyana.The Dutch firm, which is behind all four FPSO projects in Guyana, said the One Guyana project financing was secured by a consortium of 15 international banks. SBM Offshore expects to draw the loan in full, phased over the construction period of the FPSO.

Offshore services company Havfram announced it has been awarded a contract from MODEC Offshore Production Systems (Singapore) Pte Ltd. (MODEC) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) in 2022.MODEC’s parent company, MODEC, Inc., will supply this facility to Woodside, for deployment in Senegal as part of the Sangomar Field Development Phase 1 project. This phase will target approximately 230 million barrels of…

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine. As a result, activity and business sentiment in the floating production sector has seldom been stronger.”  This increased activity in the floating production…

The U.S. Department of Energy (DOE) announced $59 million to accelerate the production of biofuels and bioproducts to reduce emissions in industries such as maritime.The department said it is focused on applied research, development and deployment to improve the performance and reduce the cost of biofuel production technologies and scale-up production systems in partnership with industry. "By reducing costs and technical risks, these efforts can help pave the way for the biofuels industry to deploy commercial-scale integrated biorefineries," the DOE said.

Fears of gas supply interruptions due to Russian gas export constraints are driving interest and demand for floating regasification terminals, with contracting activity for oil and gas floaters also being quite active, World Energy Reports said in April 2022 Floating Production Systems Report. Tensions in East Europe and Covid outbreak in China continue to rattle the energy sector. Oil prices remain above $100, despite efforts to lower prices by releasing crude from strategic reserves…

RIX Industries, developer of energy technologies and industrial power systems, announced it has secured a $1.6 million contract award from the Defense Logistics Agency (DLA), the nation’s combat logistics support body within the U.S. Department of Defense (DoD). The contract stipulates the purchase of spare RIX liquefier modules for the U.S. Navy’s existing shipboard-qualified liquid oxygen (LOX) production systems, also from RIX. These LOX units, currently deployed onboard USS Gerald R. Ford (CVN 78) and USS John F.

Norwegian floating oil and gas production systems owner BW Offshore has secured a one-year contract extension in Nigeria for one of its FPSOs.The contract, with Addax Petroleum Exploration (Nigeria) Ltd, is for the lease and operation of the FPSO Sendje Berge. The firm period has been extended to Q4 2022, BW Offshore, which owns a fleet of 14 floaters, said.According to WorldEnergyReports FPSO Database, the Sendje Berge is a spread-moored FPSO used for production at the Okwori field in Nigeria on a contract with Addax/Sinopec.The vessel caught media attention in July last year after pirates attacked it and kidnapped nine Nigerian crew members. A month after the incident, BW Offshore said that the workers had been safely released.

The Port of Corpus Christi Authority has entered into a Memorandum of Understanding (MOU) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) as part of the Port’s commitment to decarbonization and energy transition initiatives.The agreement between the two parties is intended to advance collaboration between the Port of Corpus Christi, NREL and Port tenants by identifying scalable energy transition and decarbonization projects that require techno-economic-analysis, modeling, testing and validation efforts unique to NREL’s capabilities.