SBM Offshore
Investments of $126 billion in floating production units for oil and LNG are expected by 2030
Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).
Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.
British Whistleblower to Appeal Croatian Ruling Allowing Extradition to Monaco
On receiving another ruling by Dubrovnik's County Court that he should be extradited to face charges Monaco, British oil-industry whistleblower Jonathan Taylor has announced an appeal.
In a decision issued on December 31, 2020, which Taylor received on Monday, the court found that "the legal preconditions for extradition have been met".