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

The FPSO World Congress returns on 10 - 13 September 2024 to Singapore!

This year's theme focuses on Propelling FPSO Growth with Future-Forward Engineering & Project Innovation.

FPSO World Congress remains the focal point for industry players to gather and explore best practices in strengthening the future of FPSOs along the industry’s transformative roadmap to sustainability and renewable energy.

Download the pre-event agenda to find out more on the topics that will be discussed!

Check out the highlights of the exciting things that happened in FPSO World Congress 2023! Attended by over 450 delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations to drive FPSO projects on-time and on-budget to optimise market opportunities. Alongside the congress, we are proud to introduce World Offshore Week which covered exciting offshore industry hot topics as well. Download our post show report to see what went on during the event!

2019 was a defining year for the FPSO World Congress. Following the subdued oil markets in the recent years, 2019 showed tangible and positive signs of recovery and this was reflected in the increased turnout from both oil operators and FPSO contractors at the show. Download our 2019 post-show report to see what you have missed. 

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

Amidst this challenging time, the FPSO Network is extremely thankful to have the continued support of the community; our sponsors, speakers, partners and of course all attendees to the first virtual FPSO World Congress.

Held on 1 – 4 and 8 September, we saw over 1,600 attendees join us at FPSO World Congress Live 2020. Over the span of 5 days, we covered a range of topics from FPSO market intelligence, digital twins and remote monitoring, operations, asset integrity management and more.

In this post-show report, you will find more information of our audience demographics and list of companies who joined us at this virtual event.

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
  

FPSO World Congress 2022 remains the focal point for industry players to gather and explore best practices in strengthening FPSO projects and operations through building digital FPSOs, leveraging intelligent operations and ensuring vessel integrity for existing projects

Download the Exhibition and Sponsorship Prospectus to find out more!

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?
  

FPSO Network is the region's largest online community of FPSO professionals. Our mission is to provide tailored online learning and development opportunities and to drive continued industry collaboration across the FPSO sector.

Get your copy of the Digital Media Kit to view our 2022 online event calendar, digital packages and pricing!

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.

From 6 to 9 September 2021, the FPSO network Team brought a hybrid event experience for the first time ever, to 𝗙𝗣𝗦𝗢 𝗪𝗼𝗿𝗹𝗱 𝗖𝗼𝗻𝗴𝗿𝗲𝘀𝘀 𝟮𝟬𝟮𝟭 held at Singapore EXPO & MAX Atria. The main theme for this year’s congress was “The Future FPSO: Low-Carbon & Low-Manned” and revolved around 3 main cogs, Energy Transition, Low-Manned FPSOs and Vessel Integrity. The event saw Sponsors, Delegates and Exhibitors attend the congress in-person and virtually.

We had over 20 content-packed sessions and Masterclasses over the 4 days presented LIVE in-person by Speakers or through our virtual event platform.

Download the post-show report to find out more!

We've compiled a list of confirmed participants for the FPSO World Congress 2022.

This includes all participating companies and job functions who will be in attendance.

Download the full list to see who you can rub shoulders with at the conference!

Check out the highlights of the exciting things that happened in FPSO World Congress 2023! Attended by over 450 delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations to drive FPSO projects on-time and on-budget to optimise market opportunities. Alongside the congress, we are proud to introduce World Offshore Week which covered exciting offshore industry hot topics as well. Download our post show report to see what went on during the event!

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 FPSO World Congress returns on 12-15 September 2022!

We are pleased to invite you to join us in Singapore for our flagship FPSO summit as we look at Capitalizing on Increased Oil Prices and the Sustainability Agenda to Boost FPSO Projects.

Download the preliminary agenda to find out more!

Download the FPSO World Congress 2023 Sponsorship & Exhibition Guide to see:

• What's happening at 2023's flagship FPSO World Congress conference
• An Attendee Overview covering the job profiles that will be participating
• Exclusive Sponsorship opportunities including Foundation Partner, Thought Leadership and Branding packages

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
  

Download the full agenda for FLNG & FSRU Asia Focus Day

In 2023, we bring you a range of FPSO Congresses with specific focus and themes that cater to individual regions around the world. Each event – be it online or in-person, will focus on delivering a unique set of end-user stakeholders and the content has been specifically curated to address unique challenges and priorities.

We continue to bring together relevant stakeholders from field operators, vessel contractors and a select group of technology solution providers to brainstorm pressing issues in the industry, where up-to-date and cost-effective technologies are evaluated.

Download the Global Portfolio Prospectus to see what Sponsorship Opportunities await you!

In our latest report on Musings on the Past and Future of the Offshore Supply Chain produced in partnership with S&P Global, we explore more on the contract risk mitigation measures taken by different Oil & Gas production companies, FPSO Contractors and EPCs to navigate around the challenges of the industry.

We've compiled a list of confirmed participants for the FPSO World Congress 2022.

This includes all participating companies and job functions who will be in attendance.

Download the full list to see who you can rub shoulders with at the conference!

At this year's FPSO World Congress 2023, we are bringing 500 attendees across 1 premium conference and 4 exhibition on-floor theatres.

Our free-to-attend on-floor theatres are will cover exclusive topics around the industry:

• FPSO Engineering & Commissioning
• Offshore Wind Asia Pacific
• Offshore SCADA & ICS
• Offshore Supply Chain & Procurement

We are looking for the top 2 solution providers for each theatre!

Find out more by downloading the sponsorship prospectus to see who you'll get to meet at the event by sponsoring.

From 12-15 September 2022, the FPSO World Congress 2022 was held at the Sands Expo & Convention Centre in Singapore.

Over 350 international attendees from Oil & Gas Producers, EPCs, Solution Providers and industry leaders gathered to discuss the industry's transformative roadmap to sustainability and renewable energy.

Download the Post Show Report to see:

• Key highlights of the event including Thought Leadership sessions and Panel Discussions
• Attendee profile breakdown including their job functions and geography
• A preview of the 2023 edition and what you can expect at the world's leading FPSO-focused conference

So download the report now to check out the exciting content!

Check out the highlights of the exciting things that happened in FPSO World Congress 2024! Attended by over 400+ delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations. Alongside the congress, World Offshore Week returned for the 2nd edition and we welcomed over 2000+ attendees across both days of the event! Download our post show report to see what went on during the event!

We've compiled a list of confirmed participants for the FPSO World Congress 2023.

This includes all participating companies and job functions who will be in attendance.

Download the full list to see who you can rub shoulders with at the conference!

Download the FPSO World Congress 2024 Sponsorship & Exhibition Guide to see:

• What's happening at 2024's flagship FPSO World Congress conference
• An Attendee Overview covering the job profiles that will be participating
• Exclusive Sponsorship opportunities including Foundation Partner, Thought Leadership and Branding packages

Meet the FPSO World Congress 2023 Advisory Board Members!

Carbon emissions from the FPSO sector are poised to surge amid a flurry of new deepwater developments, increasing concerns on the topic. Carbon dioxide (CO2) emissions are estimated to grow 27% by the end of the decade only in projects with that type of platform. FPSO decarbonization is receiving significant attention, with multiple available technologies to reduce field carbon footprint. Adopting these technologies will decrease the intensity from 19 barrels of oil equivalent (boe) to 17 boe produced by 2030. Check out our report to find out how FPSO projects can be future-ready designed to meet lower carbon emission objectives

Download the FPSO World Congress 2025 Sponsorship & Exhibition Guide to see:

• What's happening at 2025's flagship FPSO World Congress conference
• An Attendee Overview covering the job profiles that will be participating
• Exclusive Sponsorship opportunities including Foundation Partner, Thought Leadership and Branding packages

Check out the highlights of the exciting things that happened in FPSO World Congress 2024! Attended by over 400+ delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations. Alongside the congress, World Offshore Week returned for the 2nd edition and we welcomed over 2000+ attendees across both days of the event! Download our post show report to see what went on during the event!

With a slowdown in FPSO sanctioning activities last year, Rystad Energy projects a significant uptick over the current five-year cycle to near post-pandemic levels. This will be driven by both new developments and redevelopments – many of which were delayed due to volatile oil prices, a strained supply chain, challenging project financing in the energy transition context and the ongoing cost inflation.

Check out the report to learn more about the FPSO Market Outlook for 2025!

Stay at the forefront of your key prospects’ minds! The FPSO World Congress 2021 - Hybrid Edition provides the ‘perfect platform’ to network with potential buyers who are aggressively seeking solutions in this market. Take a look our Sponsorship & Exhibition Prospectus. If you wish to receive a copy of the prospectus, click here and we will send it to you directly.

We've compiled a list of confirmed participants for the FPSO World Congress 2024.

This includes all participating companies and job functions who will be in attendance.

Download the full list to see who you can rub shoulders with at the conference!

FPSO Network is regions largest online community of FPSO professionals. Our mission is to provide tailored online learning and development opportunities and to drive continued industry collaboration across the FPSO sector. Get your copy of the Digital Media Kit to view our digital packages and pricing!

Take a look at our 2019 Attendee Snapshot to see who were there and who you can expect to meet again at our next show.

If you would like to get a copy of this report sent to you directly, click here.

Amidst this challenging time, the FPSO Network is extremely thankful to have the continued support of the community; our sponsors, speakers, partners and of course all attendees to the first virtual FPSO World Congress.

Held on 1 – 4 and 8 September, we saw over 1,600 attendees join us at FPSO World Congress Live 2020. Over the span of 5 days, we covered a range of topics from FPSO market intelligence, digital twins and remote monitoring, operations, asset integrity management and more.

In this post-show report, you will find more information of our audience demographics and list of companies who joined us at this virtual event.

The FPSO World Congress returns on 6 – 9 September 2021!

After a challenging 2020, we are pleased to bring you ONE event with TWO experiences this year – highlighting a mixture of participants here with us in Singapore, as well as virtual participants logged in via our virtual event platform, from the safety and comfort of your own home.

Download the preliminary agenda.