Image: Photographer Oyvind Hagen; ©Equinor
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By the Numbers: Discoveries & Reserves
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By the numbers: RIGS
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©Lukasz Z/AdobeStockWestwood’s top three 2023 offshore drilling rig market predictions
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Offshore oilfield services spending to keep rising in 2023, led by Brazil
Offshore E&P capex will shake off the pandemic-induced declines and rebound by 20% in 2022, reaching a total $165B spent on exploration, wells, and facilities.
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© rocklights/AdobeStockGlobal Offshore Exploration Outlook
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©bomboman/AdobeStockOffshore Support Vessel Outlook for 2023
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©Twixter/AdobeStockOffshore Wind: The Top 10 Offshore Wind Trends of 2023
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Emerging U.S. Floating Offshore Wind Segment
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Caption: Illustration only – Credit: badahos/AdobeStock.Offshore wind power will improve energy security for Poland and the Baltic States
In 2024, the first Polish projects will enter the construction phase, and Baltic projects will follow soon after. At stake is the reduction of energy dependence on fossil fuels.
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© EquinorCarbon Capture and Storage - an Emerging Offshore Industry
We are heading towards 2.2°C of global warming - the uncomfortable conclusion of DNV’s recent Energy Transition Outlook report. Closing the gap between our current 2.2°C trajectory and the 1.5°C future we need requires significant deployment of carbon capture and storage (CCS) technologies.
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Image courtesy VerlumeSubsea power agnostic
Using renewable energy to power critical subsea infrastructure needs power management. It’s a capability Verlume will soon be proving off the Orkney Islands – and Hawaii.
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Photo: WärtsiläFloating Power: Electricity and Future Fuels
Beyond shoreside hotel power, there’s floating, utility-sized power, or floating power plants. At the core of these are some familiar names in marine propulsion and national grid power — Wartsila, Siemens Energy, MAN Energy Solutions. Challenging the status quo and working with these paradigm power producers are consortia of companies from the renewables and offshore sectors. Driving development are developing-world demand, the renewal of diesel plants, subsidy and electricity shortages worldwide. Sweetening the pot is a chance to produce unproven fuels hydrogen and ammonia.
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A Look inside the Deepwater Atlas
Marijana Sosic, Manager, Technical Marketing at Transocean, discusses some of the outstanding features of the Deepwater Atlas and sister-ship Deepwater Titan , which together represent an investment of more than $2 billion.
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Photo courtesy STLA Robotic Reach in Offshore Wind
STL’s Autonomous Synchronised Stabilised Platform being put through its paces at the University of Plymouth’s COAST Laboratory.
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© Principle PowerA Digital Future: World’s First Floating Offshore Wind Digital Twin
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Image courtesy MirosCatching the (Miros) Wave
Real-time, cloud-based wave monitoring helps offshore operators perform more efficiently and safely, as Jonas Røstad, Chief Commercial Officer, explains.
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By the Numbers: Middle East Offshore Markets