July/August 2024

www.oedigital.com

Volume 49, Number 4

Source Petrobras

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

Listen to the articles in this edition

Offshore Engineer Magazine
July - August 2024
ABS

Offshore Engineer, July/August 2024 Volume 49, Number 4

New York: 118 E. 25th St., New York, NY 10010

Tel:212-477-6700; Fax:212-254-6271

www.OEDigital.com

CEO

John C. O’Malley | jomalley@marinelink.com

PRESIDENT & COO

Greg Trauthwein | trauthwein@marinelink.com

Editorial

Publisher & Editorial Director

Greg Trauthwein | trauthwein@marinelink.com

Managing Editor

Contributing Editors

Paul Bartlett, London
Wendy Laursen, Australia
Barry Parker, New York

Production & Graphic Design

Irina Vasilets | vasilets@marinelink.com
Nicole Ventimiglia | nicole@marinelink.com

Advertising & Sales

Terry Breese | breese@marinelink.com | +1 561-732-1185
John Cagni | cagni@marinelink.com | Tel: 631-472-2715
Frank Covella | covella@marinelink.com | Tel: 561-732-1659
Mike Kozlowski | kozlowski@marinelink.com | Tel: 561-733-2477
Gary Lewis | lewis@offshore-engineer.com | +1 516 441-7258

Corporate Staff

Vladimir Bibik, IT
Mark O’Malley, Public Relations | momalley@marinelink.com
Esther Rothenberger, Accounting | rothenberger@marinelink.com
Kathleen Hickey, Circulation | k.hickey@marinelink.com