Insights News

 

Headwinds: Offshore Wind will Take Years to Carry Factory Jobs to U.S.

May 27, 2021

When U.S. President Joe Biden’s administration approved the country’s first major offshore wind farm this month, it billed the move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs.Industry executives and analysts do not contest that claim, but they make a clarification: For the first several years at least, most of the manufacturing jobs stemming from the U…

UK: Time Factor as Offshore Wind Worker Concession Deadline Looms

Apr 20, 2021

As it continues to grow its track record of contributions to Scotland’s renewables mission, the offshore wind sector is currently making all the right headlines.Amid the positive news, however, anyone with knowledge of sustainable business success…

Five Golden Rules for Virus Protection Offshore

Mar 15, 2021

In the last year, the Covid-19 pandemic has increased the risks of working in what was already one of the most hostile environments on Earth. But, with the first anniversary of the outbreak not long in our collective rear-view mirrors, offshore…

Offshore Oil and Gas project Commitments to Hit New Records, Rystad Says

Mar 04, 2021

Offshore oil and gas project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025 - cumulatively almost 600 projects - Rystad Energy, a Norwegian…

UK, Norway Offshore O&G Sectors to See Modest Rise in Investment in 2021

Dec 21, 2020

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…

Tracking the Environmental Impact of the Oil and Gas Supply Chain

Nov 24, 2020

With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…

COLUMN - Crude Oil Industry is Starting to Hear Echoes of Coal's Demise

Sep 17, 2020

If 2020 had been anything close to a normal year, the oil and gas industry would have just wrapped up its annual gathering in Singapore, most likely reassured of its ongoing essential role in humanity's future.But this is far from a normal year…

How Will the Asia Pacific Upstream Sector Emerge from the Crisis?

Jun 17, 2020

The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…

E&P Players' Widely-differing Views on Oil Price Future

Jun 16, 2020

BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.It also highlights the huge variation in how oil companies are viewing…

New Civil Conflict in Somalia Could Hurt Offshore Projects

Mar 04, 2020

Civil strife has been one of Africa's biggest hurdles to the exploration and production of oil and gas on the continent's waters. Despite a reduction in the conflicts, violence has flared up again in East Africa, as forces loyal to Somalia clashed…

Oil Stocks Rise on Stimulus, Orders, Oil price

Mar 03, 2020

Offshore energy stocks, about 34 of them, soared in value on Monday, as investors ignored corona-virus fears and heeded instead a number of U.S. and Norwegian market reports.Shares in Northern Drilling soared 31.48 percent by mid-morning in Oslo (before settling 12 percent up)…

Oslo on Monday: 45 Oil Stocks Rattled

Feb 24, 2020

Despite a string of good-news messages in recent weeks, the price of oil continued its weeklong slide on Monday, taking with it many of Norway’s oil-focused stocks.A large swathe of listed offshore suppliers and energy companies took a pounding…

Fieldwood Optimistic About Gulf of Mexico

Nov 23, 2018

Just a few short years ago, few had heard of Fieldwood Energy. In five short years, the privately-held company purchased properties and assets when Apache, SandRidge and Noble Energy exited the area.Now, Fieldwood says it is the largest leaseholder in the Gulf of Mexico…

Leak-free ROV Tooling for Deepwater Operations

Nov 21, 2018

As the Brazilian oil and gas market emerges from a four year crisis, with expanded oil block tenders including the high quality/high yield pre-salt plays desired by most major IOCs, new subsea solutions are required to increase operational efficiency while decreasing costs…

Harnessing Digital Information to Power Costs Savings

Nov 16, 2018

The high cost of producing offshore reserves is increasingly driving operators to seek out efficiencies, such as doing more with the data they collect.“A lot of people reconsidered how to handle offshore when the downturn came,” Nate Clark, principal at Deloitte Consulting…

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