(offshore-energy.biz) The global offshore energy industry’s floating production solutions have come a long way from their humble beginnings and seem to be poised to continue their evolution driven by the need to tap deeper into challenging offshore environments buttressed by growing energy demand, rising security of supply concerns, and increasing climate change prompts to pivot toward sustainability. While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.
With the exploration and production activities in deepwater and ultra-deepwater offshore fields continuing to spring up, the innovations in FPSO technology to develop hydrocarbon reserves in remote environments previously considered inaccessible are anticipated to pave the way toward a zero-emission future of offshore oil and gas production.
Trackers of floating energy production trends, including Energy Maritime Associates (EMA), seem confident in their assessment that the floating production systems construction market is set for an uptick with multiple awards anticipated for large floating production units, including massive FPSOs, in the coming period.
The activity in the FPSO market was going at a snail’s pace at the beginning of 2024 with the only large order being for Cedar LNG in Canada, said to be the first floating liquefied natural gas (FLNG) facility in North America, entailing deals of $1.5 billion for Samsung and $800 million for Black & Veach. This project is facing legal challenges over Steelhead LNG’s patent infringement accusations in Korea and British Columbia.
Read full article: https://www.offshore-energy.biz/harnessing-cutting-edge-technologies-to-shape-next-generation-fpso-future/
Brazil Energy Insight 
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