HOUSTON, May 5-- Oil and natural gas companies' capital expenditures on floating production systems (FPSs) are expected to reach $32 billion over the next 5 years compared with the $17 billion spent ...

Singapore-headquartered Seatrium Ltd. has signed a non-binding memorandum of understanding (MOU) with Shell Global Solutions International BV to strengthen collaboration in floating production systems ...

The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources. The established ...

The floating production system is moored 135 miles southeast of New Orleans in about 4,000 feet of water. It will serve as a hub that aggregates production and then combines production handling ...

Floating Production Storage and Offloading vessels, or FPSOs, are offshore production facilities that house both processing equipment and storage for produced hydrocarbons. The basic design of most ...

Singapore’s leading offshore and marine contractor Seatrium is teaming up with UK supermajor Shell to explore and strengthen collaboration opportunities in floating production systems (FPSs), ...

Indeed, many experts believe that the riser system is far and away the most critical element in an overall floating production system — more important than the floating platform itself — and ever more ...

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 ...

China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country's application of the digital twin ...

Danos Operations Services has secured a contract to provide production services at Beacon Offshore Energy's new deepwater facility, the Shenandoah floating production system (FPS), in the Gulf of ...

The Shenandoah FPS, in 5,800-ft water depths off Louisiana, has capacity of 120,000 b/d oil and 140 MMcfd gas. Four Phase 1 wells reached 100,000 b/d within 75 days. Development utilizes advanced ...