How can the FPSO Industry change to optimise cost and collaboration?

Add bookmark

The oil and gas industry is facing one of the biggest challenges for decades, after the price of oil has halved since a year ago. In September this year, Royal Dutch Shell chief executive Ben van Beurden told the BBC that a recovery in the price of oil is hard to foresee.1In the same period, Goldman Sachs forecasted average prices of oil in 2016 to be $45 per barrel but also warned the growing risk of a collapse to $20.2If the current low oil price environment persists, FPSO awards will be dramatically lower as well. So how can the FPSO industry change and adapt to optimize cost and collaboration?

[inlinead]

Upcoming Events

FLNG & FSRU Congress

June 24 - 25, 2026

Amara Sanctuary Sentosa

FLNG & FSRU Congress

FPSO World Congress 2026

September 22 - 25, 2026

Hall 2B, Singapore EXPO

FPSO World Congress 2026

FPSO Brazil Congress 2027

February 23 - 26, 2027

Rio de Janeiro, Brazil

FPSO Brazil Congress 2027

Latest Webinars

WEBINAR: How to Save Millions Using Vessel Automation and Digitalization

2022-09-20

12:30 PM - 01:15 PM GMT

The Floating Production segment is a key area for the application of digital operations.Recent proje...

FPSO Interactive - Webinar (Ceragon Networks)

2022-04-06

04:00 PM - 05:00 PM SGT

The global COVID-19 pandemic and the energy transition have catalysed remote working and remote oper...

FPSO Network Webinar: CREATING NEW POSSIBILITIES – Connectivity for Remote Operations and your Digital Transformation

2021-11-30

09:00 AM - 10:00 AM CST

The development of Multi-Core Long Haul Connectivity is allowing Offshore Energy Operators and Servi...

Recommended