A moored vessel used solely to store crude oil or LNG offshore, without production capabilities. Subcontractors are engaged for inspection, maintenance, and marine support work aboard these assets. Mobilisation logistics and offshore safety certifications are typically required before access is granted.
FSU (Floating Storage Unit)
Related Terms
Bentonite
IndustryA natural clay mineral used in drilling fluids to stabilise boreholes and suspend drill cuttings. Subcontractors handling bentonite slurry must follow site-specific mixing and disposal procedures. Improper handling can trigger environmental compliance issues and project delays.
Construction Manager At Risk
IndustryA delivery model where a construction manager guarantees a maximum project cost and takes on financial risk if it's exceeded. Subcontractors are hired by the CM, not the owner, making the CM your direct client and contract holder. Your scope, payments, and change orders all flow through the CM.
Brownfield Site
IndustryAn existing facility or infrastructure that is being modified, expanded, or recommissioned rather than built from scratch. Subcontractors should expect tighter work windows, live-equipment hazards, and strict permit-to-work requirements. Scheduling and coordination with ongoing operations are critical on brownfield projects.
Aggregates
IndustryCrushed stone, gravel, and sand used as base materials in construction and oil and gas site preparation. Subcontractors sourcing or hauling aggregates must account for material costs, transport, and site access conditions. Pricing and availability vary significantly by region and project remoteness.
Gas Rigs
IndustryDrilling rigs specifically configured to drill natural gas wells, requiring crews and equipment rated for high-pressure gas formations. For subcontractors, gas rigs often demand specialised certifications and H2S training. Work volumes typically follow natural gas commodity prices and seasonal heating demand.
IMR (Inspection, Maintenance, and Repair)
IndustryA category of ongoing field service work covering routine inspections, preventive maintenance, and corrective repairs on infrastructure or equipment, often awarded to subcontractors through standing agreements or blanket contracts. For field service companies, IMR scopes provide a reliable stream of recurring work but typically require crews to mobilise quickly and hold multiple trade certifications to meet operator requirements.
Latest Industry News
Bilfinger Workers Strike at Two North Sea Assets in Retention Bonus Dispute
Around 20 Unite members employed by Bilfinger on Ithaca Energy's Alba FSU and FPF1 have walked out over exclusion from a retention bonus scheme, with strike action running through mid-June 2026.
4 months agoIndustryJacobs-PCL Wins $1B SF Plant Upgrade Built Around Live Operations
SFPUC picked a Jacobs-PCL joint venture for a $1 billion progressive design-build nutrient reduction project at its largest treatment plant. The plant must keep running during construction, which shapes how subs should pursue early involvement.
11 hours agoIndustryAEP Lifts Capital Plan 30% to $100B as Data Center Load Hits 84 GW
AEP raised its five-year capital plan to $100 billion, with $37 billion for transmission and $20 billion for gas generation. A 10.4-GW Ohio data center campus drives the load growth, and three 765-kV lines are slated for 2028 through 2030.
yesterdayIndustryTranche-Scale Transmission Planning: Early Contractor Input Wins
A T&D World webinar summary says utilities should bring contractors in when engineering is 10% to 30% complete and treat site access as engineering. Here is what that means for crews and yard commitments.
yesterdayRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
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