Floating production systems
Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.
Despite a 2.8% drop in liquefied natural gas exports in 2025 because of lost market share in China, Australia anticipates a 2026 rebound as new North West Shelf capacity comes online. Meanwhile, East Coast operators brace for a tsunami of wells entering the decommissioning pipeline and potential energy shortfalls necessitating LNG imports.
Woodside’s $12-billion gas project offshore Western Australia is expected to produce up to 8 mtpa once it’s complete.
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The platform brings the field’s installed production capacity to 1.5 million BOPD. -
The project in the US Gulf is expected to add about 15,000 BOEPD to the deepwater Atlantis project at peak production.
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Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030–2031.
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First oil is expected from Phase 1 of the project in 2028, with up to four more phases planned.
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Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.
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Mozambique is poised to become Africa’s third-largest exporter of liquefied natural gas when Coral Norte comes onstream in 2028.
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MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.
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BW Opal FPSO has capacity for 850 MMcf/D of gas, which will be treated and sent on to the Darwin LNG facility, and 11,000 B/D of condensate, which will transferred via tanker.
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Supermajor BP awards contract to same specialists who commissioned its Argos platform.
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As a champion of floating natural gas liquefaction technology, Eni is positioning itself to play a major role in Africa with a fast-growing gas-liquefaction capacity targeted to reach 14 million tonnes per year by 2028.
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