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. 
October 15, 2019

Wave of New Contract Awards Expected in Q4 2019

Energy Maritime Associates Releases Updated Floating Production Systems Report In its latest quarterly Floating Production Systems Report, Energy Maritime Associates (EMA) reviewed the market for Floating Production Systems
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.