The Floating Production Storage and Offloading (FPSO) industry is at the forefront of offshore oil and gas production, offering an efficient and flexible solution for extracting hydrocarbons from remote and deepwater locations. In this complex and high-stakes sector, the strategic process of yard and vendor selection holds paramount importance. Understanding the critical success factors for FPSO yard and vendor selection is essential for optimizing operations, mitigating risks, and ensuring the long-term success of FPSO projects.
In this presentation, we explore these factors with a focus on their correlation to the FPSO industry.
Offshore wind corresponds to 10% of green electricity generation and it grows at a yearly rate of 25%. Installed capacity has grown 10-fold between 2010 and 2020 (3,5 to 35GW) and is expected further growing to 300GW by 2040. Moreover, the offshore wind market is expected to grow between 2019 and 2027 from USD 36.07 Bn in 2019 to USD 87.5 Bn by 2026 (at an CAGR of 13.5%).
This presentation presents the challenges, methods and solutions to offshore wind operations.
In June 2023, we discovered more about LNG projects in our FLNG & FSRU Congress. This September, the topic will once again be explored in our Offshore LNG Theatre. Get in touch with the top 6 LNG projects to look out for which will propel the use of natural gas to meet demands by the US and European market.
Check out the highlights of the exciting things that happened in World Offshore Week 2024! Attended by over 2000+ attendees across both days, the exhibition explored key issues around engineering, digital, operations, supply chain and renewable energy in the offshore industry. Download our post show report to see what went on during the event!
Welcome to the Marine Tech Navigator, your essential guide to navigating the top vendors and solution providers in the offshore marine industry. As the industry advances with complex challenges and demands for efficiency, selecting the right partners and technologies has never been more critical. This guidebook offers a curated overview of the most innovative and reliable providers in key categories, from vessel maintenance and safety equipment to digital transformation solutions and environmental compliance services. With insights drawn from industry experts and leaders, this resource serves as a trusted reference for offshore professionals, whether you’re streamlining operations, enhancing safety, or exploring sustainability initiatives. By spotlighting the best-in-class vendors and cutting-edge solutions, the tech navigator empowers you to make informed decisions that support your operational goals and advance industry standards. Dive in to discover the solutions driving the future of offshore excellence
Have a read on the industry outlook for Offshore Wind by IHSMarkit
Have a read on the industry outlook of the Offshore Supply Chain sector by IHSMarkit
In offshore oil and gas industry applications, Floating Production Storage and Offloading (FPSO) vessels are typically equipped with processing equipment that helps separate, store and offload crude oil and gas extracted from subsea oil wells and platforms. FPSO vessels make use of processing equipment installed above the vessel's deck, known in the industry as topside. One of the solutions to achieving power/torque density in Naval and Aviation applications involve micro-grids operating at a higher-than-normal commercial frequency. This is an alternative that has a proven field record and is a potential option for overcoming space constraints in future FPSO designs. The authors from GE Power Conversion will first illustrate critical quality requirements for the considered application along with areas considered beyond the scope of this paper. This paper will then look at three current configurations before moving to the proposed solution and presenting the conclusions that were reached
In this latest report on the Offshore Wind Industry, we spoke to 3 industry experts on the current market outlook, investment opportunities, future plans and biggest obstacles.
Download this report to learn more from these experts:
Find out how does Shapoorji Pallonji Energy tackle vessel life extension challenges through design & classification
Discover how MODEC utilises remote inspection technologies to reduce manning and maintenance!
In an era of uncertainty, the one thing for sure is that neither corrosion nor ageing of structures will stop. The current crisis has brought us all into a world of uncertainty. However what is sure is that neither corrosion nor ageing of structures will stop. The global COVID-19 pandemic has increased maintenance backlog significantly, resulting in major congestion. The emphasis on remote working and reducing Personnel on Board (POB) is also an added challenge. At the same time, FPSO operators are trying to maximise production, and are seeking to avoid major disruptions. These market conditions and industry pressures at play have created an unprecedented challenge for the industry. In this article, we explore the importance of structural integrity maintenance for FPSOs, latest insights and developments in this space.
Ahead of the FPSO World Congress, the FPSO Network has put together this market report, which includes key lessons that the industry has learnt previously. It is now more important than ever to drive these innovative business models and cost-savings efforts during this unpredictable time, to boost favourable project economics and improve break-even levels for FPSO projects.
In this report, we cover:
The FPSO Network has put together this exclusive report which includes perspectives from several industry leaders on navigating the ripple effects from the volatile oil prices and the global COVID-19 pandemic. Our expert contributors share their insights into the new approaches FPSO leaders today must consider to counteract and de-risk their project strategies in this highly challenging time. In this report, we look 4 parts:
During a period of extreme volatility and turmoil in energy markets, the Floating LNG sector is experiencing a revival of sorts.
Together with Rystad Energy, this report looks at the recent progress in FLNG and FSRU projects, highlighting their advantages and their role in rapidly delivering LNG to an LNG-deficit world.
Download the report to learn more.