The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil. South America leads the pack with 12 sanctioned FPSO projects planned by the end of next year, followed by Asia with four, Europe and Africa with three each, and two more in Australia, according to Rystad Energy. Brazil – currently witnessing an influx of international E&P companies – is set to award seven more FPSO awards in 2020, thereby bringing the country’s tally to more than one-third of the awards anticipated ... (full story)