Following a disruptive year, Oil prices begun to stabilise and continually rise, bringing more confidence in project stakeholders. FPSO projects continue to be developed with new tenders on the table and new solutions to be explored. With this in mind, we asked our industry partners and solution providers in the FPSO space more about market shifts, investment priorities and opportunities outlook. In this report, we look at who they want to target within the industry, where the growth regions are and what challenges continue to lie ahead.

Current Attendee Snapshot for those you can expect to see at FPSO World Congress.

The key challenge in 2022 for many FPSO operators will centre around maintenance and cost reduction strategies. Issues relating to reliability and management of key production assets in addition to Health, Safety, Security and Environment (HSSE)are just some of the things that must be dealt with while ensuring cost concerns are adequately addressed.

To gain insights on the matter, we spoke to three experts whose experience in FPSO operational strategies have been instrumental in them successfully navigating the current unpredictable landscape.

Download this exclusive article to learn more.

With the growing support for decarbonisation and renewable power sources, the FPSO industry is increasingly adapting itself towards more sustainable and greener approaches. At the same time, the industry is off to a booming start with the market projected to reach US$67 billion by 2027.

In September 2021, IQPC and the FPSO Network conducted an in-depth industry survey with our global community to provide a holistic and well-balanced benchmark when it comes to the future of FPSOs and the direction it is headed in.

Download the 2022 FPSO Industry Benchmarking & Survey Report now.

In collaboration with IHS Markit, IQPC and the FPSO Network dive deeper into the FPSO industry to uncover key market trends and global project pipelines. This is part 2 of the FPSO Industry Benchmarking & Survey Report.

Download this report to find out:

• The 2022 FPSO Market Outlook after a positive recovery from the pandemic
• Key statistics and developments in Asia, South America, Europe and Africa
• Current investments by organizations including waste management and renewable energy solutions

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!

Ahead of the FPSO World Congress 2023, leading energy research and business intelligence company Rystad Energy has published the 2023 FPSO Market Trend Report titled “FPSO Construction during Supply Chain Disruptions”.

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

With information provided by IHS Markit, we have produced a region by region view on the FPSO projects around the world that are currently under construction and a few that are in the planned phase. Download now to see the how the FPSO market is shaping up in Asia Pacific, Central and South America and Europe, Africa and the Middle East

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