As the world's production, market prices and variable demand have remained in flux, so too has the activity for floating production, storage and offloading vessels. But, due to several inherent advantages, this vessel type has more options to see active service than other floating production system types. These advantages include operating flexibility, range of water depth, conversion possibilities, and storage capacity range.
The Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation of the Equinor-operated Johan Sverdrup Phase 2 project.
The Oil and Gas Authority has issued findings from its latest ‘Tier Zero’ meeting with managing directors of the 22 largest oil and gas producers on the UK continental shelf.
Damen and Wilson Sons Estaleiros recently completed the conversion of the platform supply vessel Fulmar to a shallow dive support vessel.