Research News

 

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy.Year-to-date average monthly discovered volumes above 1.1 billion boe reflect an uptick of approximate 35% compared to the 827 million boe seen in 2018, according to Rystad's mid-year review…

Global Offshore Wind Market Grows 30%

Nov 11, 2019

The global offshore wind market grew nearly 30% per year between 2010 and 2018, benefiting from rapid technology improvements and about 150 new offshore wind projects are in active development around the world.Europe in particular has fostered the technology’s development…

Oil and Gas Industry Adopts VR

Oct 31, 2019

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream…

China, ISA to Establish Deep Ocean Center

Oct 28, 2019

The Secretary-General of the International Seabed Authority (ISA) Mr. Michael W. Lodge signed a Memorandum of Understanding (MoU) to establish the first ever joint training and research center with Mr. Wang Hong, Administrator of State Oceanic Administration of China…

Atkins Updates US Offshore Market Guide

Oct 28, 2019

Engineering and project management consultancy Atkins, together with law firm K&L Gates LLP, has released an updated Offshore Wind Market Handbook to help guide investors through technical and regulatory issues in the US offshore wind market…

Brazil to Lead in Global FPSO Deployments

Oct 24, 2019

Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025…

Drilling Activity Buoyant in Norway

Oct 16, 2019

The number of wells drilled could challenge all-time high levels by the end of the year in the Norwegian Continental Shelf (NCS), while global offshore exploration activity has been flat year-to-date.Rystad Energy expects that this high activity…

Digitalization: Oil Industry Could Save up to $100Bln

Oct 08, 2019

The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said.'As much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s…

Subsea Market on the Rise in 2019

Sep 24, 2019

Subsea equipment and SURF– subsea, umbilicals, risers, and flowlines – are the best-performing segments, with growth rates exceeding 10% on a yearly basis in the second quarter of 2019.Rystad Energy announced that the subsea market is definitely on the rise in the oilfield service sector…

OFS Sector Expected to Take a Hit

Sep 12, 2019

Lower oil prices will push the global oilfield services (OFS) sector into a recession in 2020 after three successive years of growth, according to Rystad Energy.In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy…

38 New UK Offshore Projects in 3 Years

Sep 04, 2019

The final investment decisions (FIDs) could be reached on as many as 38 new UK offshore projects over the next three years, representing $22.6 billion in greenfield expenditure if UK prospective resources live up to expectations.Rystad Energy…

UK Offshore Wind Attracts Investments

Aug 12, 2019

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market…

NYPA Study on EU Offshore Wind Models

Aug 12, 2019

The New York Power Authority (NYPA) has released a report focused on learning from the European offshore wind sector.European offshore wind transmission models as a guide will help New York head towards its 9GW by 2035 goal.European nations have together installed nearly 16…

NYSERDA Selects 5 Offshore Wind Projects

Aug 08, 2019

The New York State Energy Research and Development Authority (NYSERDA) has selected five multiyear projects that will further study environmental and commercial fishing topics in support of responsibly developing offshore wind.The projects totaling more than $2 million advance Governor Andrew M…

Japanese, Australian Firms Join for FLNG Project

Jun 17, 2019

Australia's Transborders Energy  announce it has entered into a Joint Study Agreement with Japanese utility  Kyushu Electric Power Co., Inc. and its affiliate Kyushu Electric Australia Pty Ltd (Kyushu).  The Joint Study Parties will work together…

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Petrobras CEO Says Too Early to Make Carbon Commitment

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Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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