Insight News

 

Big Oil Set to Cash in On Trillion-dollar Offshore Wind Prize

Aug 11, 2022

By Akif Chaudhry, Principal Analyst, Corporate Research, Wood MackenzieNo longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment.A growing number of competitors are flocking to take advantage of the massive opportunities that will be created by the boom…

How Dependent is Germany on Russian Gas?

Mar 08, 2022

Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia's invasion of Ukraine.  The comment, from Russian deputy prime minister Alexander Novak…

In Ukraine Crisis, Germany Faces Tough Decisions Over Nord Stream 2 Pipeline

Jan 21, 2022

Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…

West Africa's Deepwater Rig Utilization Could Triple by 2022

Oct 04, 2021

Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region.Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market…

Stalled Oil and Gas Resources – How Big an Opportunity Is It?

Oct 29, 2020

A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries >100 million boe in size made between 2008 and 2016 is currently stalled with no progression towards development…

Don’t Go Chasing (Deep) Waterfalls: The Future of Drillship Financing

Oct 14, 2020

The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International.The future of offshore deepwater investment is under the microscope…

'Historic' Hit, as Oslo Plumbs New Depths

Mar 09, 2020

Norwegian offshore suppliers on Monday endured a perfect storm of economic shockwaves after the oil price collapsed 30 percent over the weekend and sent oil stocks plummeting en masse in a way not seen for two decades.By around midday in Oslo…

Current News

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

Norway Will Patrol its Oil and Gas Platforms with Help from Allies

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

ConocoPhillips Scandinavia Raises Security Level after Drone Sightings

DOF Subsea Nets U.S. Gulf of Mexico Work

DOF Subsea Nets U.S. Gulf of Mexico Work

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

Brazil: Manati Field Output Interrupted Due to Low Gas Demand

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