ABS and KOMERI partner to advance maritime technology R&D

Oil States has introduced an industry-first Low Impact Workover Package (LIWP). The LIWP is engineered to empower operators to safely and cost-effectively plug and abandon aging subsea wells while minimizing wellhead loads and streamlining operations.

An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration.

From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs.