table of contents

• Image courtesy: Getty Images

  API Recommended Practice 75W: Advancing Safety and Environmental Integrity in Offshore Wind Operations

• Copyright harvepino/AdobeStock

  Namibia: The Newest Most Promising Deepwater Rig Demand Hotspot

  Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs.

  Teresa Wilkie – RigLogix, Director (Westwood Energy)

• Copyright Larry/AdobeStock

  The Mounting Offshore Decommissioning Cost

  The safe, timely and cost-efficient decommissioning of offshore infrastructure is one of the big challenges faced by the oil & gas sector. We estimate that the liability currently stands at over $300 billion (real terms), and this will only increase as companies continue to make and develop new discoveries. Key offshore producers Brazil, the US Gulf of Mexico (US GoM), the UK, and Norway face the largest bill at almost $150 billion combined.

  By Andrew Burr, North America Analyst, Welligence Energy Analytics

• Copyright dwara/AdobeStock

  North Sea Realism in a Busy Market

  The OSV market is a global industry where ships frequently mobilize between regional markets. As a result of these additional opportunities, the supply- and demand balance in the respective regions are more dynamic than the offshore activity therein in isolation, which has allowed for a faster market recovery in the upcycle we are experiencing today.

  By Jesper Skjong, Market Analyst, Fearnley Offshore Supply AS

• Copyright Nordicstocks/Adobestock

  A Look Inside the East Asia & Pacific Offshore Wind Markets

  According to World Bank data, the technical potential for the East Asia and Pacific region amounts to over 15,000 GW, of which ~27% is suited to bottom-fixed foundations and the balance floating technologies, with 90% of the potential is found in seven countries. Here’s an inside look

  By Philip Lewis, Research Director, Intelatus Global Partners

• Image courtesy GAC Malaysia

  Inside Asia-Pacific’s Offshore Energy Boom

  Asia Pacific is seeing a renaissance in offshore energy activity, especially upstream. Malaysia, in particular, is focusing on substantial development with a renewed emphasis on traditional offshore oil & gas (O&G) projects

  By Herman Jorgensen, Managing Director of GAC Malaysia

• Source Exxon Mobil

  Floating Production: Rates, Prospects Surge

  “We are in the early innings of an offshore up-cycle.”

  By Barry Parker

• Source: Shenzhen University

  Seawater Electrolysis: Economic Folly?

  While scientists hail their advances in producing green hydrogen directly from seawater, others see it as pointless.

  By Wendy Laursen

• Image courtesy of Lhyfe

  A Hydrogen Balancing Act

  The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production.

  By Wendy Laursen

• Source: Oceaneering International

  Robotics Drive Offshore Efficiencies

  For subsea inspection, maintenance and intervention, robotics solutions are increasingly brought to the fore in the name of efficiency and safety.

  By Amir Garanović, Managing Editor

• Source: Dominion Energy

  Cost of US-built WTIV Charybdis Balloons to $715 Million

  The cost to construct the United States' first domestically built wind turbine installation vessel (WTIV), Charybdis, has risen to $715 million, Dominion Energy revealed in its latest quarterly results, marking another snag for the fledgling U.S. offshore wind industry.

  By Eric Haun

• Source: NOV

  Products

• Source: Wood Mackenzie Lens Direct

  By the Numbers: Discoveries & Reserves

• Source: Wood Mackenzie Offshore Rig Tracker

  By the numbers: RIGS