October 27, 2019

FPSO awards gaining momentum in Brazil

In June, Petrobras finally awarded the Buzios V FPSO contract to Modec after years of delays.  And just recently, Petrobras announced two contracts for leased units for the Marlim field. 
September 12, 2019

Offshore Energy Major Renaissance – Counterpoint

The climate for offshore drilling is improving and exploratory drilling is on the rise. This segment’s market strengthening has energized industry observers, with many now anticipating upticks in offshore development activity. 
July 22, 2019

Stronger Offshore Activity

The offshore rig market recovery has been extremely prolonged, and is now picking up slowly and steadily – certainly a relief to the remaining rig owners who have weathered through this most recent downturn.
July 1, 2019

LNG at a Crossroads

The overall LNG market may indeed be at a crossroads, as published in the Journal of Petroleum Technology (JPT) recently but despite decade’s worth of talk, and a handful of executed projects, the floating piece […]