Source Petrobras
table of contents
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Image courtesy: Getty ImagesAPI Recommended Practice 75W: Advancing Safety and Environmental Integrity in Offshore Wind Operations
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Copyright harvepino/AdobeStockNamibia: 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.
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Copyright Larry/AdobeStockThe 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.
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Copyright dwara/AdobeStockNorth 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.
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Copyright Nordicstocks/AdobestockA 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
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Image courtesy GAC MalaysiaInside 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
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Source Exxon MobilFloating Production: Rates, Prospects Surge
“We are in the early innings of an offshore up-cycle.”
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Source: Shenzhen UniversitySeawater Electrolysis: Economic Folly?
While scientists hail their advances in producing green hydrogen directly from seawater, others see it as pointless.
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Image courtesy of LhyfeA Hydrogen Balancing Act
The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production.
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Source: Oceaneering InternationalRobotics Drive Offshore Efficiencies
For subsea inspection, maintenance and intervention, robotics solutions are increasingly brought to the fore in the name of efficiency and safety.
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Source: Dominion EnergyCost 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.
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Source: NOVProducts
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Source: Wood Mackenzie Lens DirectBy the Numbers: Discoveries & Reserves
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Source: Wood Mackenzie Offshore Rig TrackerBy the numbers: RIGS