With the expansion of floating offshore production into harsh environments such as the Barents Sea, high specification shuttle tankers will be needed to service those fields. Additionally, Teekay reports a growth in the number of Floating Production, Storage and Offloading (FPSO) units on order, particularly in Brazil where forecasts indicate the number of floating production units will likely double by 2018, further increasing demand for shuttle tankers.
How are these changes influencing the offshore market? Watch the latest update from Christian Waldegrave, Teekay Market Analyst.
http://www.youtube.com/watch?v=_0qNz-we8r0
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The Department of the Interior has initiated the development of the 11th National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, marking a significant shift in U.S. offshore energy...
ADEN/WASHINGTON, April 17 (Reuters) – U.S. strikes on Yemen’s Ras Isa fuel terminal on the Red Sea coast have killed at least 74 people in the deadliest attack since the U.S. started its...
The US attacked a key Yemen oil port controlled by the Houthis overnight and killed dozens of people, according to the Iran-backed militants, raising the specter of a widening conflict in the Middle East.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
