Energy Maritime Associates (EMA) today announced the publication of its 2026 Q1 Floating Production Systems Report, delivering a comprehensive assessment of global market conditions, project activity, and industry sentiment across the floating production sector.
The final month of 2025 closed with a significant surge in contracting activity. Five new orders were placed in December alone—four Floating Production Storage and Offloading units (FPSOs) and one Floating Storage and Offloading unit (FSO)—reflecting renewed confidence among operators and contractors.
While no new awards have yet been confirmed in the first weeks of 2026, EMA expects contracting momentum to accelerate later in the first quarter. Several major projects are poised to move forward in the first half of the year, including:
FLNG developments offshore North America
Multiple FPSOs targeting Brazil’s deepwater basins
A series of smaller floating units planned across Southeast Asia
The report features findings from EMA’s 13th annual industry sentiment survey, conducted in collaboration with Offshore Magazine. Respondents expressed continued optimism about floating production activity—particularly for FPSOs and FLNGs in South America and West Africa.
At the same time, survey feedback highlights a growing level of caution amid:
Declining oil prices, and
Continued FID delays for select high-profile developments
Further survey insights will be discussed in EMA’s upcoming forecast webinar.
🎥 To watch the Sentiments Survey results overview video click here.
EMA’s analysis identifies 25 projects with a high probability of reaching final investment decision within the next year.
These include:
Up to four FPSOs tied to Petrobras developments
Three FPSOs planned for Mexico
Three Semisubmersibles
Two FLNG units
Q1 2026 FPS Report - Figure 7. FPS Awards in Relation to Oil Price
The 2026 Q1 Floating Production Systems Report provides detailed intelligence on the global floating production fleet and project pipeline, including:
160+ projects in active planning
45+ production units and 10+ storage units on order
25+ available units
300+ production units and 100+ storage units currently in operation
A full 12-month forecast of likely awards and market movements
All data is also accessible through Flowline, EMA’s online intelligence platform. Organizations interested in evaluating the platform or requesting a demo are encouraged to contact EMA directly.
Upcoming EMA Events
February 24, 2026 – SUT Aberdeen Business Breakfast: Navigating Offshore Markets
February 24, 2026 – Webinar: Successfully Unlocking Stranded Gas Using FLNGs and FSRUs
February 26, 2026 – Offshore Magazine & EMA Webinar: Offshore Floating Production Forecast
May 14, 2026 – Industry Event: Floating Energy Forum, London
About Energy Maritime Associates:
Since 1996, EMA has been providing independent, expert analysis of the FPSO market with an unbiased view. We pride ourselves on the accuracy of information provided, built through an extensive network of industry contacts, and our depth of knowledge in floating production. Trusted by more than 200 clients worldwide, EMA serves the entire FPSO market, including E&P companies, service providers, capital investment firms, and asset and facility owners.
Please contact us to schedule a meeting to discuss how we can answer your questions about the floating production sector.
Eric Sherman at eric.sherman@energymaritimeassociates.com
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