Jon Fredrik Müller and Audun Martinsen, of Rystad Energy, take a look at rising costs and the downturn and share how these two will affect the subsea market going forward. An illustration of the Johan Sverdrup field center…
The Norwegian Oil and Gas Association has offered a glimmer of hope for contractors and suppliers on the Norwegian Continental Shelf (NCS), suggesting investment is set to rise 'substantially' in 2018 and 2019. The trade body said investment…
Cumulative offshore wind capacity is forecast to reach 74GW, driven by a large number of developments taking place in the UK, Germany and China and strengthened by the growth of new entrants to the offshore wind sector, such as France and the US…
SPE Offshore Europe 2017 is set to host a new Decommissioning Zone, the organisers have announced. Working in partnership with Decom North Sea (DNS), the new Zone will provide a platform to share the latest market trend and technologies…
Today’s oil and gas environment has been impacted by a myriad of issues including restrained capital spending, curtailed investment and employment cuts for struggling companies across the supply chain. Recovery from current market conditions is expected to be slow…
Despite the downturn, plenty of development is underway in Southeast Asia. Audrey Raj sets out the detail. Bach Ho oil field in Cuu Long basin. Photo from PetroVietnam. Despite the fall in oil prices…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
Subsea hardware spending in 2014-18 is forecast to nearly double the size of installed subsea infrastructure, according to Douglas Westwood’s latest estimates. Matt Loffman sets out the detail. Douglas-Westwood forecasts subsea hardware capex will total US$117 billion between 2014 and 2018…
Growing demand for offshore accomodation vessels in the North Sea is increasing rates and accomodatoin quality as operators seek to improve spanner time, says analysts Douglas Westwood. The firm says declining North Sea production and…
Colloquy: Editor’s Column As we start a new year at OE, we offer projections from companies about projects and markets. This issue features a Global Market Forecast, with analysts from Infield Systems, DouglasWestwood, and Petroleum Geo-Services weighing in about exploration…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
As part of SPE Offshore Europe 2013 ExxonMobil Fuels & Lubricants and Caterpillar Marine & Petroleum Division (CAT) joined forces for an interactive breakfast seminar, hosted by Offshore Engineer’s Paul Hutton. Maintenance and engineering…
As part of SPE Offshore Europe 2013, ExxonMobil Fuels & Lubricants and Caterpillar Marine & Petroleum Division (CAT) joined forces for an interactive breakfast seminar, hosted by Offshore Engineer’s Paul Hutton. Maintenance and engineering…
Offshore engineers are an intrepid breed, ever ready to embrace the kind of hardship postings to which other, less hardy professionals give a wide berth. They also share a compulsion for tinkering with things, just to see how they work and how to make them better…
With the offshore wind sector already garnering government support and increasingly piquing the interest of the private sector, the banking sector will become progressively more involved in this industry as installed capacity grows and market share increases…
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