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  • Volume 82, Issue 4, July-August 2022
  • Volume 82, Issue 4, July-August 2022

    Norway, UK investment to reach $32 billion by 2025
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    Offshore Oil And Gas Industry
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    Transforming with innovation

    Aug. 1, 2022
    The offshore oil and gas industry has been in perpetual transformation since the 1960s, when it progressed out into 300 ft of water (considered deepwater at the time) with the...
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    North Sea
    North Sea & Europe

    North Sea capex, exploration spending set to grow over next few years

    Aug. 1, 2022
    Offshore Norway and UK investment is expected to reach $32 billion by 2025.
    Photo by Jan Arne Wold & Elisabeth Sahl/Courtesy Equinor
    The modified Njord A drilling/production platform back on location in the Norwegian Sea.
    North Sea & Europe

    Equinor overhauls Njord platform, FSU for 20 years further service

    Aug. 1, 2022
    Area redevelopment includes long-distance Fenja tieback.
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    Deepwater oil and gas can still be favored even in a low-carbon world

    Aug. 1, 2022
    Carbon reduction methods should be built into projects from the start.
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    Brazil pursuing all options to safeguard long-term energy supplies

    Aug. 1, 2022
    Increased focus on gas, lowering offshore emissions.

    More content from Volume 82, Issue 4, July-August 2022

    Courtesy Saitec
    The Green Energy Research for Offshore Atlantic (GEROA) project is Saitec's next step in the development of the SATH technology for floating offshore wind. This 45-MW pre-commercial floating wind farm is expected to be the first offshore wind farm in Spain. As part of the prior environmental characterization (pictured), bird and cetacean monitoring work has begun in the proximities of GEROA installation location.
    Field Development

    Environmental restrictions growing as more data become available

    Aug. 1, 2022
    Fortunately, greater information allows project planners to adapt.
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    Offshore Flare Dreamstime L 139712673
    Home

    Flaring reduction becomes key imperative for offshore industry

    Aug. 1, 2022
    For many operators, it represents the first step in the abatement process.
    Courtesy TotalEnergies
    TotalEnergies has been working with its partners to develop its drone-based AUSEA greenhouse-gas quantification technology.
    Equipment Engineering

    Offshore drone use faces challenges but offers more solutions

    Aug. 1, 2022
    UAVs are being utilized offshore as the safer, more cost-efficient option.
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    Home

    Shallow-water Gulf of Mexico decommissioning market valued at $6.3 billion

    Aug. 1, 2022
    Well abandonment accounts for some $3.4 billion.
    Courtesy Oceaneering
    The Freedom AUV recently completed a subsea pipeline inspection campaign in an operational environment.
    Equipment Engineering

    New autonomous subsea vehicle completes qualification program

    Aug. 1, 2022
    Pipeline survey is latest milestone for Oceaneering’s Freedom AUV.
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    Equipment Engineering

    ‘Connected vessel’ approach can help modernize FPSO design, operations

    Aug. 1, 2022
    New partnership model considers vessel’s entire lifecycle.
    Courtesy EM&I
    EM&I says that its Integrity Class ROVs are fitted with a wide range of tools to tackle almost any task required and special thrusters to work at any angle.
    Equipment Engineering

    New robotic, digital technologies helping to improve asset inspection, repair

    Aug. 1, 2022
    Diverless, remote methods help keep rigs, hulls operational while still in the field.
    Courtesy RenewableUK
    Global Operational Portfolio By Country (mw)
    Renewable Energy

    Global offshore wind project pipeline doubles over last 12 months

    Aug. 1, 2022
    The global pipeline of offshore wind projects has increased from 429 GW of capacity a year ago to 846 GW today.
    Courtesy RigPoint by IHS Markit
    Offshore Drilling Rig Market Chart
    Drilling & Completion

    Offshore drilling contracts, utilization rates increasing

    Aug. 1, 2022
    The offshore drilling market has improved its position over the last few months.
    Courtesy Esgian Rig Analytics
    New Offshore Rig Backlog Has Slowed Since April
    Rigs

    Rig market saw largest increase in new backlog over past year

    Aug. 1, 2022
    With almost 53 rig-years of work added in April 2022, it was the month that saw the largest increase in new backlog over the past year.
    Courtesy Teekay
    The FPSO Sevan Hummingbird will be modified to serve the Avalon development in the central UK North Sea.
    Home

    Global E&P Briefs

    Aug. 1, 2022
    Nine new field developments should come onstream this year in the deepwater US Gulf of Mexico.
    Courtesy TechnipFMC
    iEPCI is TechnipFMC’s approach to subsea developments, which integrates subsea production system and SURF offerings, from design to life-of-field services.
    Subsea

    Subsea Systems Briefs

    Aug. 1, 2022
    The latest subsea systems technology developments, projects and advances being utilized in the offshore energy industry.
    ID 199100459 © Renato Meireles | Dreamstime.com
    Seadrill’s West Saturn drillship is currently working under a four-year contract from Equinor for drilling campaigns related to the Bacalhau project offshore Brazil.
    Vessels

    Rigs & Vessels Briefs

    Aug. 1, 2022
    Two key Equinor field development projects offshore Brazil are driving deepwater rig contracting activity, according to Evercore ISI’s July Offshore Rig Market Snapshot.
    Photo by Jan Arne Wold,Woldcam/Courtesy Equinor
    Four of the seven turbines for the Hywind Tampen project are now in place 140 km offshore western Norway.
    Renewable Energy

    Offshore Wind Energy Briefs

    Aug. 1, 2022
    Equinor expects to start up the first seven turbines for the Hywind Tampen wind farm in the North Sea in the current quarter, with the remaining four to be installed next spring...
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    Business Briefs
    Business Briefs

    Business Briefs

    Aug. 1, 2022
    The latest company news and personnel moves from the offshore industry.
    Beyond The Horizon
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    ‘Green’ hydrogen offers promise as alternative fuel, but faces significant challenges

    Aug. 1, 2022
    Although far less integrated than fuels such as LPG or LNG because of a need to upgrade and develop the right infrastructure, there is a growing interest in producing hydrogen...