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Bumi Armada and SBM Offshore to spend $170 million on FPSO upgrading

News   •   Jun 19, 2012 10:00 +08

With the FPSO sector growing at a phenomenal rate, Bumi Armada and SBM Offshore are shelling out close to $170 million upgrade its current FPSOs.

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FPSO market set to reach US$16 billion by 2014

News   •   Jun 04, 2012 10:56 +08

Until 2008, there were many new speculative players planning to enter the FPSO market. By the time 2009 came around it all rather fell apart.

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The Inexorable Rise Of FPSO

News   •   Jun 01, 2012 17:26 +08

With oil prices careening about the $100 per barrel mark, global demand for floating production, storage and offloading (FPSO) units is expected to double in the coming years until the end of the decade.

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FPSO growth set to increase as deeper fields are developed

News   •   Jun 01, 2012 17:23 +08

David Boggs, Managing Director of Energy Maritime Associates explains why FPSO’s will only increasingly in popularity going forward. He also touches on the contracting regime and the design parameters for a successful FPSO.