Carbon emissions from the FPSO sector are poised to surge amid a flurry of new deepwater developments, increasing concerns on the topic. Carbon dioxide (CO2) emissions are estimated to grow 27% by the end of the decade only in projects with that type of platform. FPSO decarbonization is receiving significant attention, with multiple available technologies to reduce field carbon footprint. Adopting these technologies will decrease the intensity from 19 barrels of oil equivalent (boe) to 17 boe produced by 2030. Check out our report to find out how FPSO projects can be future-ready designed to meet lower carbon emission objectives

In our latest report on Musings on the Past and Future of the Offshore Supply Chain produced in partnership with S&P Global, we explore more on the contract risk mitigation measures taken by different Oil & Gas production companies, FPSO Contractors and EPCs to navigate around the challenges of the industry.

Check out the highlights of the exciting things that happened in FPSO World Congress 2024! Attended by over 400+ delegates, the stage explored key issues around ESG and sustainability practices in evolving FPSO projects and streamlining operations. Alongside the congress, World Offshore Week returned for the 2nd edition and we welcomed over 2000+ attendees across both days of the event! Download our post show report to see what went on during the event!

FPSO Network has put together an essential easy-to-digest guidebook to some of the biggest FPSO contractors. Understand more about their strengths and benefits, operational track records, execution models, and get in touch with their unique insights on the potentials of the industry

As the world continues its recovery from the effects laid down by the pandemic, there is an increase in demand for energy and projects across the Oil & Gas sector. Consequentially, more than 50 FPSO projects has been planned to take place within the next 5 years.

FPSO Network has put together an overview of the ongoing projects in the world as well as the upcoming projects that have been planned. Understand more about each region’s activities and the potential of the oil & gas industry.

Explore the Projects that are currently ongoing in EMEA, Africa, and South America!

Expenditure in offshore upstream projects has increased in recent years. However, 2023 closed with fewer approvals for FPSO projects than expected. High interest rates and full contractor backlogs proved hurdles for the market. Investment forecast for the next five years proves to be promising as FPSO growth is estimated to increase by 40% compared to the previous period. 

Check out the report put together by Rystad Energy on FPSO Supply Chain Strategies.

Twenty-five years ago, we launched FPSO World Congress to connect the offshore oil & gas industry together. Our aim was to bring together key stakeholders involved in FSO / FPSO / FLNG / FSRU projects around the world. Since then, the congress has established itself as the bridge between floating vessel operators, oil & gas producers, and offshore solution providers as we welcomed over thousands of delegates from countries all over the world. It is an enormous privilege to reach this milestone – and we haven’t done it alone.

FPSO World Congress is what it is today because of our community: our network, our partners, and most importantly, all our supportive partners and delegates like yourself who challenge us to keep innovating. As we are celebrating our 25th anniversary this year, we are also celebrating 25 years of your commitment and support. It’s a cycle that has repeated itself at FPSO World Congress over the last decade. Be it exploring engineering practices, refining remote and digital operations, or shaping the future of alternative energy — each chapter of our story has been co-authored by you

Download the FPSO World Congress 2025 Sponsorship & Exhibition Guide to see:

• What's happening at 2025's flagship FPSO World Congress conference
• An Attendee Overview covering the job profiles that will be participating
• Exclusive Sponsorship opportunities including Foundation Partner, Thought Leadership and Branding packages

The key challenge in 2022 for many FPSO operators will centre around maintenance and cost reduction strategies. Issues relating to reliability and management of key production assets in addition to Health, Safety, Security and Environment (HSSE)are just some of the things that must be dealt with while ensuring cost concerns are adequately addressed.

To gain insights on the matter, we spoke to three experts whose experience in FPSO operational strategies have been instrumental in them successfully navigating the current unpredictable landscape.

Download this exclusive article to learn more.

During a period of extreme volatility and turmoil in energy markets, the Floating LNG sector is experiencing a revival of sorts.

Together with Rystad Energy, this report looks at the recent progress in FLNG and FSRU projects, highlighting their advantages and their role in rapidly delivering LNG to an LNG-deficit world.

Download the report to learn more.

In this latest report on the Offshore Wind Industry, we spoke to 3 industry experts on the current market outlook, investment opportunities, future plans and biggest obstacles.

Download this report to learn more from these experts:

• Harrison Waugh, Project Manager Offshore Wind, TotalEnergies
• Christopher Rowland, Offshore Wind Professional
• Marie-Louise Piil Christensen, Director of Global Offshore Wind, Orsted

The global offshore oil and gas service industry appears to be on the threshold of a new era of prosperity, with 2023 set to cement a remarkable growth in activity levels towards decade-long highs not seen since the zenith of 2010-2014.

The market’s resurgence in the aftermath of the pandemic began last year, with investments in the offshore service sector growing by 16% in 2022. Investments are set to leap another 16% this year, representing a decade high year-on-year capital expenditure (capex) growth of $21 billion. Offshore rig, vessel, subsea and floating production storage and offloading (FPSO) activity are all set to flourish.

Grab your copy of the 2023 Rystad Energy FPSO Industry Report to view more!

Ahead of the FPSO World Congress 2023, leading energy research and business intelligence company Rystad Energy has published the 2023 FPSO Market Trend Report titled “FPSO Construction during Supply Chain Disruptions”.

In offshore oil and gas industry applications, Floating Production Storage and Offloading (FPSO) vessels are typically equipped with processing equipment that helps separate, store and offload crude oil and gas extracted from subsea oil wells and platforms. FPSO vessels make use of processing equipment installed above the vessel's deck, known in the industry as topside. One of the solutions to achieving power/torque density in Naval and Aviation applications involve micro-grids operating at a higher-than-normal commercial frequency. This is an alternative that has a proven field record and is a potential option for overcoming space constraints in future FPSO designs. 

The authors from GE Power Conversion will first illustrate critical quality requirements for the considered application along with areas considered beyond the scope of this paper. This paper will then look at three current configurations before moving to the proposed solution and presenting the conclusions that were reached

In an era of uncertainty, the one thing for sure is that neither corrosion nor ageing of structures will stop. The current crisis has brought us all into a world of uncertainty. However what is sure is that neither corrosion nor ageing of structures will stop. The global COVID-19 pandemic has increased maintenance backlog significantly, resulting in major congestion. The emphasis on remote working and reducing Personnel on Board (POB) is also an added challenge. At the same time, FPSO operators are trying to maximise production, and are seeking to avoid major disruptions. These market conditions and industry pressures at play have created an unprecedented challenge for the industry. In this article, we explore the importance of structural integrity maintenance for FPSOs, latest insights and developments in this space.

Ahead of the FPSO World Congress, the FPSO Network has put together this market report, which includes key lessons that the industry has learnt previously. It is now more important than ever to drive these innovative business models and cost-savings efforts during this unpredictable time, to boost favourable project economics and improve break-even levels for FPSO projects.

In this report, we cover:

• Aligning project conceptulisation & executive to reduce cost
• Harnessing value engineering to reduce CAPEX in FPSO projects
• Reducing OPEX through robust front-end planning
• Maximising FPSO efficiency in its later life
  

The FPSO Network has put together this exclusive report which includes perspectives from several industry leaders on navigating the ripple effects from the volatile oil prices and the global COVID-19 pandemic. Our expert contributors share their insights into the new approaches FPSO leaders today must consider to counteract and de-risk their project strategies in this highly challenging time. In this report, we look 4 parts:

• Impact of COVID-19 and the oil price war on the FPSO industry
• The road ahead for potential and planned projects
• FPSO project investments risk appetite
• What's next?
  

We take a look at how digitalisation and next generation technologies can drive innovation in the FPSO industry. As it looks to the future, the industry is aware it needs to be strict on cost discipline yet improve efficiency and maintain safety standards, areas which digitalisation can help with.

The FPSO World Congress team spoke to industry leaders about their opinions on what needs to be done to achieve digital transformation and what technologies they would like to see in a new generation of FPSOs.

The modern world sees industries adapting to an increasingly digitalised landscape. The FPSO industry is no different. As concerted efforts are made to improve project economics, digitalisation can help with evaluating and analysing data, improve cost savings, safety as well as technical and operational capabilities.

There are inevitable obstacles to this changing landscape, a lack of long term digital strategies, an unprepared workface to name a few but as with all things, it takes a bit of planning and determination to succeed. In this article we explore the digital solutions influencing the FPSO market.

The topic of low-manned or autonomous FPSOs has been gaining prominence in Europe of late. Several operators have already experimented with scaling back manning on their projects, with varying degrees of success.

We spoke to Bluewater Energy Services' Peter Burger for his insight into the pros and cons of low-manned FPSOs, and also covered pertinent topics such as:

• Safety concerns and cost-effectiveness
• Cyber attacks and how to prevent them
• The role of government in supporting FPSO autonomy
  

At FPSO World Congress 2022, Ankit Garg was part of the Industry Power Panel: Debating what the Future Holds with Rising Oil Prices, Continuous Pressure for Decarbonisation and Upcoming FPSO Projects

• Future-proofing the FPSO industry’s road to sustainability – What is the best way forward?
• Balancing the need for decarbonisation strategies with FPSO project commercialism
• Capitalising on rising oil prices and project opportunities to bolster the future of the industry
  

At FPSO World Congress 2022, Lee Ahlstrom spoke about Leveraging Intelligent Edge Solutions to Empower Critical Decision Making in the Most Remote Locations on Earth

At FPSO World Congress 2022, Khaleef Khan spoke about Decarbonising FPSO Energy Systems for Today and Tomorrow, including:

• Removing carbon from the systematic FPSO lifecycle equation
• Accelerating digitalising potential in supporting the energy transition
• Mapping the journey to green FPUs
  

At FPSO World Congress 2022, Renard Siew from Yinson shared his thoughts on the challenges and trends of the industry moving forward.

At FPSO World Congress 2022, David Hartell spoke about Developing a Commercial FSRU Project in a New Market, including:

• Building a project feasibility studies to ensure the optimum project configuration is selected
• Understanding the economic viability of the proposed FSRU by analysing the supporting marine infrastructure
• Understanding the regulations and tax to gain easy and faster approval for the FSRU project
  

At FPSO World Congress 2022, Henrique Hillal spoke about Leveraging Remote Inspection Tools and Technology to Reduce Manning and Improve Maintenance, including:

• Increasing safety and operational efficiency through remote inspection technologies
• Creating safe, remote and efficient maintenance and inspection processes
• Transforming offshore operations to support aging assets and revamp them into commercial viability
  

At FPSO World Congress 2022, Alessandro Zunino spoke about EPC & Contractors Panel: Evaluating the Changing FPSO Contracting & Construction Landscape, including:

• Creating more mature and disciplined contracting and bidding processes in line with market shifts
• Implementing fit-for-purpose contracting strategies to enhance project commerciality
• Debating the changing FPSO supply chain market following the global pandemic
  

At FPSO World Congress 2022, Alessandro Zunino spoke about Reviewing the Future of Asset Integrity Post-COVID, including:

• Evolving Technologies – Laser Scanning, Digital Twin, 3-D Modeling / printing
• Optimising inspections, repairs and workload planning
• Understanding the design aspects of post-COVID asset integrity