December 20, 2024
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs. Brazil will remain the largest FPSO market, more than Africa and the rest of South America combined. Newbuilt hulls will be the norm going forward, although converted tankers and re-use of existing FPSOs will play a role, particularly for smaller developments.
November 26, 2024
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs. Brazil will remain the largest FPSO market, more than Africa and the rest of South America combined. Newbuilt hulls will be the norm going forward, although converted tankers and re-use of existing FPSOs will play a role, particularly for smaller developments.
August 27, 2024
The pause in large Floating Production orders continued in Q1 2024 as companies adjusted to new pricing realities and the supply chain worked through the backlog of orders placed in 2021-2022. The only large order so far in 2024 was for the Cedar LNG in Canada, which will be the first FLNG in North America: $1.5 billion for Samsung and $800 million for Black & Veach. In March 2024, Karmol placed an order with Seatrium for three FSRU conversions, with an option for a fourth unit.
May 8, 2024
The pause in large Floating Production orders continued in Q1 2024 as companies adjusted to new pricing realities and the supply chain worked through the backlog of orders placed in 2021-2022. The only large order so far in 2024 was for the Cedar LNG in Canada, which will be the first FLNG in North America: $1.5 billion for Samsung and $800 million for Black & Veach. In March 2024, Karmol placed an order with Seatrium for three FSRU conversions, with an option for a fourth unit.
Latest FPS Global Sentiments Survey Results Released
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Media Clippings and Citations
Why China is Setting Sail for Success in the FPSO Market, interview by FPSO World Congress 2019-Jan 2019
Floating Production Outlook Strengthens, Offshore Magazine-Jan 2019
Outlook 2019: Uptick in Global Deepwater Spending to Boost Asia Pacific Projects, SP Global-Jan 2019
Floating Production Outlook Strengthens, Offshore Magazine-Jan 2019
Outlook 2019: Uptick in Global Deepwater Spending to Boost Asia Pacific Projects, SP Global-Jan 2019
Industry Looks Ahead After Weathering Storm, Upstream-Nov 2018
OTC 2018: FPSO market recovery under way, Offshore-Apr 2018
Floating Production Recovery, E WorldShip-Jan 2018
Floaters Back in Fashion, Upstream-Jan 2018
OTC 2018: FPSO market recovery under way, Offshore-Apr 2018
Floating Production Recovery, E WorldShip-Jan 2018
Floaters Back in Fashion, Upstream-Jan 2018
Field Developers Assess the Viability of FPSO Redeployment- Offshore Magazine- March 2017
Euromoney Seminars- The Global Outlook for Floating Production Market- Interview- March 2017
Floating Production Market has Turned the Cornern- Seatrade Maritime News- March 2017
FSRU Market Fires On All Cylinders as Demand For LNG Expected to Soar- Fairplay - January 2017
Euromoney Seminars- The Global Outlook for Floating Production Market- Interview- March 2017
Floating Production Market has Turned the Cornern- Seatrade Maritime News- March 2017
FSRU Market Fires On All Cylinders as Demand For LNG Expected to Soar- Fairplay - January 2017
Fresh Opportunities for Mexico Services as New Era Begins- Upstream- December 2016
Floating Production Market Shows Signs of Recovery- Offshore Magazine- Nov 2016
Analyst sees signs of improvement in floating production market- Offshore Magazine- Oct 2016
A good 2017 seen for FPSO industry- 投资与心理学 Trading and Psychology- Oct 2016
World's Biggest Floating Natural Gas Terminal Can't Find Work- Bloomberg BusinessWeek- Sept 2016
Brexit Adds to Jitters- Business Times- Singapore- Jul 2016
Rise of the FSRU- FSRU Summit 2016 (excerpt)
New Report Paints Bleak Picture of FPS Market for 2016- Offshore Magazine- Apr 2016
Rigzone- Murky Outlook for Floating Production Market, Light Seen in 2017- March 2016
SG Business Times- Floating Production Market Sees New Opportunities- Mar 2016
Asiasis- Behind the Decline of Europe- March 2016
Rigzone- Malaysia Bumi Armarda 2015 Revenue Down 9% to $516 m post $56 m net loss- Feb 2016
CNSS- 浮式生产装置市场:“暗黑”指数层层升级- Feb 2016
Offshore Oil and Gas- 2016年FPSO市场将面临最艰难一年 Feb 2016
E&P Magazine- Slow Recovery Seen for Floaters- Jan 2016
Seatrade Maritime News-FPSO Market May Face Tough Year Ahead after Somber 2015- Jan 2016
Offshore Magazine- EMA Forecasts Low Activity for Floating Production Industry- Jan 2016
Floating Production Market Shows Signs of Recovery- Offshore Magazine- Nov 2016
Analyst sees signs of improvement in floating production market- Offshore Magazine- Oct 2016
A good 2017 seen for FPSO industry- 投资与心理学 Trading and Psychology- Oct 2016
World's Biggest Floating Natural Gas Terminal Can't Find Work- Bloomberg BusinessWeek- Sept 2016
Brexit Adds to Jitters- Business Times- Singapore- Jul 2016
Rise of the FSRU- FSRU Summit 2016 (excerpt)
New Report Paints Bleak Picture of FPS Market for 2016- Offshore Magazine- Apr 2016
Rigzone- Murky Outlook for Floating Production Market, Light Seen in 2017- March 2016
SG Business Times- Floating Production Market Sees New Opportunities- Mar 2016
Asiasis- Behind the Decline of Europe- March 2016
Rigzone- Malaysia Bumi Armarda 2015 Revenue Down 9% to $516 m post $56 m net loss- Feb 2016
CNSS- 浮式生产装置市场:“暗黑”指数层层升级- Feb 2016
Offshore Oil and Gas- 2016年FPSO市场将面临最艰难一年 Feb 2016
E&P Magazine- Slow Recovery Seen for Floaters- Jan 2016
Seatrade Maritime News-FPSO Market May Face Tough Year Ahead after Somber 2015- Jan 2016
Offshore Magazine- EMA Forecasts Low Activity for Floating Production Industry- Jan 2016
Singapore Business Times- New Normal Emerging in Offshore Marine- December 2015
Offshore Magazine- Local Content Rules, Scheduling Buildup Shipyard Order Books- July 2015
Rigzone- Asian Yards Adapt to Downturn- June 2015
Offshore Magazine- Floating Production Pause in 2015, Likely Rebound in 2016- March 2015
Oil and Gas News- $130bn to be spent on floating production units in five years- Feb 2015
Offshore Magazine- FPS Activity to Slow This Year- January 2015
Offshore Magazine- Local Content Rules, Scheduling Buildup Shipyard Order Books- July 2015
Rigzone- Asian Yards Adapt to Downturn- June 2015
Offshore Magazine- Floating Production Pause in 2015, Likely Rebound in 2016- March 2015
Oil and Gas News- $130bn to be spent on floating production units in five years- Feb 2015
Offshore Magazine- FPS Activity to Slow This Year- January 2015
Conference Attendance
- Topsides, Platforms & Hulls, Galverston, Feb 6-8
- OTC 2018, Houston, Apr 30-May 3
- Marine Money China, Shanghai, May 22-23
- LNG Ship/Shore Interface Conference - Asia, Singapore, June 6-7
- FPSO World Congress, Singapore, Sep 4-5
- Asia Offshore Energy Conference, Indonesia, Sep 26-28
- FPSO & FLNG & FSRU Asia Pacific Convention & Exhibition, Shanghai, Oct 18-19
- OSEA 2018, Singapore, Nov 27-29
- Marine Money - Mexico Offshore Finance Forum, Singapore, November
- Offshore Korea, Korea, October
- FSRU Summit Asia 2016, Singapore, September
- Credit Suisse-2016 Global Energy Conference, London, June
- Marine Money-Singapore Offshore Finance Forum 2016, Singapore, January
- FPSO & FLNG Design and Technology Conference 2016, Tianjin, January
- Credit Suisse-2016 Global Energy Conference, London, June
- FPSO & FLNG Asia 2015, Shanghai, November
- Marine Money Offshore Singapore 2014