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  • Volume 83, Issue 1 January/February 2023

    • Volume 83, Issue 1 January/February 2023

    Offshore oilfield and wind investments to continue growth, and E&P operators expected to spend $178 billion this year
    Illustration 264962064 © Sergii Sergii | Dreamstime.com
    Offshore Oil And Gas
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    Industry sentiment boosted by rise in oil, gas demand

    Feb. 7, 2023
    The stage is set for an upcycle-type of year for the drilling and development of offshore oil and gas.
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    1 Fpso Dreamstime M 48317844
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    Floating production platform construction market maintains momentum from high oil, gas prices

    Feb. 7, 2023
    But shipyard activity could be slowed by capacity constraints, access to finance.
    Photo 166546335 © Chawnajapan2015 | Dreamstime.com
    Floating Production
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    Offshore oilfield, wind investments to continue growth in 2023

    Feb. 7, 2023
    Operators expected to raise capex to $178 billion this year.
    43762359 © ANUPONG NANTHA | DREAMSTIME.COM
    Offshore Construction Sunset Dreamstime M 43762359
    Field Development

    Offshore supply chain riding wave of O&G investment

    Feb. 7, 2023
    Some $73 billion in EPC award value anticipated in 2023.
    ID 117757139 © Nikkytok | Dreamstime.com
    Drillship And Other Rigs Dreamstime L 117757139
    US & Gulf of Mexico

    Gulf of Mexico deepwater discoveries survey shows slight decline

    Feb. 7, 2023
    Three new finds announced over past 12 months.

    More content from Volume 83, Issue 1 January/February 2023

    Photo 96023775 / Abstract © Marko Bukorovic | Dreamstime.com
    Gulf Of Mexico
    US & Gulf of Mexico

    Table: Status of US Gulf of Mexico deepwater discoveries

    Feb. 7, 2023
    Highlighting the latest updates on more than 200 GoM discoveries
    Photo 107469836 © Shane Adams | Dreamstime.com
    Dreamstime M 107469836
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    New statistical model can help operators estimate shallow-water platform removal costs

    Feb. 7, 2023
    Fixed structures, caissons will have different decommissioning considerations.
    Courtesy Intecsea/Worley
    Fluids removed from gas in the main pipeline are held briefly in drop-out vessels alongside before continuing through a parallel, smaller-diameter pipeline.
    Subsea

    In-line liquids removal opens path to ultra-long subsea gas tiebacks

    Feb. 7, 2023
    Pseudo prototype to undergo high-pressure tests at NEL.
    Courtesy ABB
    ABB tests its subsea variable speed drive under water.
    Subsea

    Jansz-Io project combines variable speed drives, power from shore

    Feb. 7, 2023
    Configuration cuts emissions from subsea compression project.
    Courtesy Aker Solutions
    In November 2021 Aker Solutions was awarded a contract from Chevron Australia to provide the dynamic subsea umbilicals for the Jansz-Io subsea gas compression development offshore Australia.
    Subsea

    Subsea gas compression projects offshore Norway, Australia on track

    Feb. 7, 2023
    Updates to the major four subsea compression projects should be complete in 2024-2026.
    Courtesy CorPower Ocean
    The CorPower C4 Wave Energy Converter and CorPack clusters were released in June 2022, which the company said is providing the building blocks for utility scale wave farms.
    Renewable Energy

    Wave energy demonstrates mainstream potential

    Feb. 7, 2023
    CorPower Ocean exec details pilot installation and path to commercialization.
    Photo 100664893 © Pichit Boonhuad | Dreamstime.com
    Offshore Oil Gas
    Business Briefs

    Data Briefs

    Feb. 7, 2023
    At-a-glance statistics and analysis on the offshore energy industry
    Courtesy bp
    The Greater Tortue Ahymeyim FPSO.
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    Global E&P Briefs

    Feb. 7, 2023
    A compilation of the latest offshore exploration and production updates and projects from around the world
    Courtesy DeepOcean
    DeepOcean's smart inspections involve the autonomous ROV inspections of subsea structures, and they enable simplified planning of inspection scopes using digital twin technology.
    Subsea

    ROV specialist sets its sights on reducing CO2 emissions

    Feb. 7, 2023
    DeepOcean CEO says operators of offshore energy assets have challenged the supplier industry to deliver more cost-efficient services.
    Photo 16807248 © Sculpies | Dreamstime.com
    Offshore Semi Drilling Rigs Dreamstime M 16807248
    Vessels

    New year sees rousing start to offshore drilling market

    Feb. 7, 2023
    Longer contract terms seen to be sign of strengthening floating rig market.
    ID 176473853 © Nuttawut Uttamaharad | Dreamstime.com
    Offshore Wind Bucolic Dreamstime M 176473853
    Renewable Energy

    ‘Global stilling’ poses challenge to offshore wind market

    Feb. 7, 2023
    While high hopes for the offshore wind market continue to mount, the phenomenon of “global terrestrial stilling” may prove to be a significant reality check on those hopes.
    Beyond The Horizon
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    Keep offshore energy flowing in 2023

    Feb. 7, 2023
    Major economic, energy, and geopolitical upheaval and uncertainty made 2022 the Year of the Unexpected.