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3D Printing Brings New Dimensions to Field Commissioning

Maritime Propulsion newsletter
Gulf Marine CEO Quits in wake of Profit Warning
Sinopec Resumes Output at Most Wells Shut by Typhoon
Brent Oil Prices Rise Above $60
Asian Oil & Gas Newsletter • August 22, 2019
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Offshore Wind: Regulatory “Takes” – Take a Close Look

Gulf Marine CEO Quits in wake of Profit Warning

Gulf Marine Services said on Wednesday Chief Executive Officer Duncan Anderson…

Sinopec Resumes Output at Most Wells Shut by Typhoon

Sinopec Corp has resumed operations at most of the oil and gas wells at its…

Brent Oil Prices Rise Above $60

Brent crude oil futures rose above $60 a barrel on Wednesday after industry…

LNG Market Recovers in Q2, Says Flex LNG

During the second quarter 2019, spot liquefied natural gas (LNG)  freight…

W African Firm Builds LNG Import Capacity

Equatorial Guinea is set to construct the first liquefied natural gas (LNG)…

Woodside to Implement Schlumberger's DELFI

Australia's largest oil and gas operator Woodside Energy will leverage Schlumberger's…

NOV Cuts Staff for Second Time This Year

Oilfield equipment and service provider National Oilwell Varco has begun…

Formosa 1 Phase 2 Foundations Installed

Jan De Nul Group said it has installed all 20 foundations for the 120-megawatt…

Wood Sells Nuclear Unit for $305 Million

British oilfield services provider Wood Plc said on Tuesday it would sell…

Oil Search on Tenterhooks over Total's PNG Gas Deal

Oil Search warned on Tuesday that costs for a $13 billion plan to double…




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July 2019 Monthly Floating Production Systems Report

July 2019 Monthly Floating Production Systems Report Our July WER floating production report highlights the large number of FPSO projects that are approaching final investment decision. Assuming no major shock in the underlying market, around two dozen FPSO contracts are in line for award over the next 18 to 24 months. Whether the supplier base is capable of taking on all of these projects within this time frame is an issue. Growing backlog is already forcing major FPSO contractors to be increasingly selective in bidding on new contracts. Meanwhile oil prices have trended in the mid $60s over​ the past month -- as excess crude inventory and concern over future demand/supply growth has (so far) offset risk escalation in the Mideast that in the past would have sent crude prices soaring. All is discussed in the July report. Also in the data section of the report are details for 222 floater projects in the planning stage…

For more information about the WER reports and online database please visit our website worldenergyreports.com or contact Paul Morris, phone: +1 212-477-6944