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.

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:

• Harrison Waugh, Project Manager Offshore Wind, TotalEnergies
• Christopher Rowland, Offshore Wind Professional
• Marie-Louise Piil Christensen, Director of Global Offshore Wind, Orsted

The global offshore oil and gas service industry appears to be on the threshold of a new era of prosperity, with 2023 set to cement a remarkable growth in activity levels towards decade-long highs not seen since the zenith of 2010-2014.

The market’s resurgence in the aftermath of the pandemic began last year, with investments in the offshore service sector growing by 16% in 2022. Investments are set to leap another 16% this year, representing a decade high year-on-year capital expenditure (capex) growth of $21 billion. Offshore rig, vessel, subsea and floating production storage and offloading (FPSO) activity are all set to flourish.

Grab your copy of the 2023 Rystad Energy FPSO Industry Report to view more!

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:

• Aligning project conceptulisation & executive to reduce cost
• Harnessing value engineering to reduce CAPEX in FPSO projects
• Reducing OPEX through robust front-end planning
• Maximising FPSO efficiency in its later life
  

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:

• Impact of COVID-19 and the oil price war on the FPSO industry
• The road ahead for potential and planned projects
• FPSO project investments risk appetite
• What's next?
  

We take a look at how digitalisation and next generation technologies can drive innovation in the FPSO industry. As it looks to the future, the industry is aware it needs to be strict on cost discipline yet improve efficiency and maintain safety standards, areas which digitalisation can help with.

The FPSO World Congress team spoke to industry leaders about their opinions on what needs to be done to achieve digital transformation and what technologies they would like to see in a new generation of FPSOs.

The modern world sees industries adapting to an increasingly digitalised landscape. The FPSO industry is no different. As concerted efforts are made to improve project economics, digitalisation can help with evaluating and analysing data, improve cost savings, safety as well as technical and operational capabilities.

There are inevitable obstacles to this changing landscape, a lack of long term digital strategies, an unprepared workface to name a few but as with all things, it takes a bit of planning and determination to succeed. In this article we explore the digital solutions influencing the FPSO market.

The topic of low-manned or autonomous FPSOs has been gaining prominence in Europe of late. Several operators have already experimented with scaling back manning on their projects, with varying degrees of success.

We spoke to Bluewater Energy Services' Peter Burger for his insight into the pros and cons of low-manned FPSOs, and also covered pertinent topics such as:

• Safety concerns and cost-effectiveness
• Cyber attacks and how to prevent them
• The role of government in supporting FPSO autonomy