Video: FPSO market adapting to meet growing demand

    June 20, 2025
    The global FPSO market is projected to reach $19.65 billion by 2030.

    The global FPSO market is growing dramatically and is projected to reach $19.65 billion by 2030. Currently, about 20-25 FPSOs are under construction or planned for deployment over the next five years, with Brazil and Guyana as key hubs due to their prolific offshore fields. With this heavy demand, operators are employing a range of strategies to meet their needs, including newbuilds, conversions and upgrades, and redeployment and refurbishment of existing vessels.

    *This video originally published on Offshore's website on June 20, 2025.

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    Please share your feedback with the creator of this video, Managing Editor Bruce Beaubouef, at [email protected]. 

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    About the Author

    Bruce Beaubouef | Managing Editor

    Bruce Beaubouef is Managing Editor for Offshore magazine. In that capacity, he plans and oversees content for the magazine; writes features on technologies and trends for the magazine; writes news updates for the website; creates and moderates topical webinars; and creates videos that focus on offshore oil and gas and renewable energies. Beaubouef has been in the oil and gas trade media for 25 years, starting out as Editor of Hart’s Pipeline Digest in 1998. From there, he went on to serve as Associate Editor for Pipe Line and Gas Industry for Gulf Publishing for four years before rejoining Hart Publications as Editor of PipeLine and Gas Technology in 2003. He joined Offshore magazine as Managing Editor in 2010, at that time owned by PennWell Corp. Beaubouef earned his Ph.D. at the University of Houston in 1997, and his dissertation was published in book form by Texas A&M University Press in September 2007 as The Strategic Petroleum Reserve: U.S. Energy Security and Oil Politics, 1975-2005.

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