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 floating production, storage, and offloading vessel is the first in the world with a postcombustion carbon capture pilot system. -
The Tiber FPU is expected to follow the Kaskida hub currently being built in Singapore.
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The new Sevan-designed cylindrical FPSO is expected to flow 45,000 BOE/D at peak.
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The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.
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At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi.
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After overcoming the challenges of a new offshore frontier, BP has begun first gas flow at its ultradeep project offshore Mauritania and Senegal.
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The first two wells at Brava Energia’s Atlanta field are producing, with four more to be connected this year.
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After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.
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First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
