Floating production continues to grow at a dynamic pace. There are now 197 floating production systems in operation worldwide. Another 62 systems are on order. Most important, there are more than 100 ...

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) ...

BP plc BP, the British oil and gas giant, has awarded a contract to SBM Offshore to assist with the installation of the Kaskida semi-submersible Floating Production Unit (FPU). Per the terms of the ...

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.

ABB Lummus Global recently accepted an offer in principle from Keppel and J Ray for the purchase of ABB's US and foreign patents on its floating production system concepts. The patented designs ...