WER: Near-term Outlook for Floating Production Systems 'Very Positive'
The oil and gas sector continues to rebound from the great downturn, though regional surges of Covid-19 have been spooking the market, causing crude prices to be a bit volatile over the past two weeks. But, the near-term outlook remains very positive. This is the conclusion of the in-depth market analysis in the July 2021 Floating Production Systems Report - a go-to database for all things FPSO/FPU - just released by International Maritime Associates/World Energy Reports (IMA/WER).Asked what is driving the positive sentiment…
Russia's Floating Power Plant Plugged In
Russia’s state-owned nuclear company Rosatom said its floating nuclear power plant has been connected to the grid and has commenced electricity production for the first time in a remote region of Russia.The floating power unit (FPU) Akademik Lomonosov has been connected to the grid, generating electricity for the first time in the isolated Chaun-Bilibino network in Pevek, Chukotka, Russia’s Far East. This happened after the Russian regulator Rostekhnadzor issued an operations permit, as well as permission to connect to the northern electricity grid maintained by Chukotenergo JSC.Rosatom’s Director General Alexey Likhachev said: “After its connection to the grid, Akademik Lomonosov becomes the world’s first nuclear power plant based on SMR-class technology to generate electricity.
