Offshore Engineer Insight

 

Outlook Challenge: More Energy, Fewer Emissions

Feb 14, 2019

Supplying the energy needed to support the growing prosperity of the global population yet reducing emissions enough to meet the Paris reduction goals is a major challenge, BP Chief Executive Bob Dudley said.It is, Dudley said, “a vast and complex problem, probably the defining one of our time.”BP’s 2019 Energy Outlook, released Thursday, considered scenarios in which world GDP grows by a third to more than doubling by 2040…

Oil-gas Optimism Reigns, Study Finds

Feb 18, 2019

The worldwide oil and gas industry is “resilient, confident and ready to spend” but is at risk of reverting to overspending, just as an increase in large-project approvals loom.That’s the gist of a new report from Oslo-based, all-in-one classification society…

Nigeria Plan for Local Firms Stands on Shaky Ground

Feb 14, 2019

Nigeria's Ministry of Petroleum Resources has recently reiterated its intention to push for an increase of the share to the national crude oil production from indigenous oil and gas companies to 30% in the short-term, but it is not definite…

Equinor Betting Big in Brazil

Feb 13, 2019

Norwegian energy company Equinor is continuously solidifying its position in Brazil.Indeed, Equinor is considering participating in the upcoming tender of the surplus oil of the “Onerous Assignment”, which saw Petrobras awarded a certain pre…

US Crude Inventory Remains High

Feb 12, 2019

U.S. crude inventory has been hovering between 430 and 450 million barrels since early December — and remains around 6% above the five year average for this time of year.But there are indications that crude supply is beginning to decrease. U…

EU Takes Aim at Offshore Pipelines

Feb 11, 2019

Nord Stream 2 — the Gazprom company building a pipeline from Russia to Germany — said Monday it was too early to tell what effects, if any, proposed new EU rules for offshore pipelines might have on their project or those of others aiming to bring gas to Europe…

Seabed Acquisition Seeing Healthier Spend

Feb 08, 2019

The seismic market is rebounding in fits and starts from its low point a year ago, and seabed acquisition is seeing a healthier spend than towed streamer acquisition, according to ION.“The seabed acquisition business was growing well before the downturn…

Total Scores in Second Try Offshore S.Africa

Feb 07, 2019

Four years after French major Total SA suspended the search for natural gas off the Southern coast of South Africa, it was good news this week for the company's shareholders and partners when the exploration and production giant announced the successful drilling of its Brulpadda well…

Does Subsea Need More Consolidation?

Feb 06, 2019

Following “big consolidation activity” within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy…

Sete to Sell Drilling Units for the Pre-salt

Feb 06, 2019

Sete Brasil was created in 2010 to manage the construction of 28 drilling units in Brazilian shipyards to fulfill Petrobras contracts to drill its pre-salt plays, at a time when Petrobras unrealistically planned to be the sole pre-salt operator…

Seismic Uptick Suggests New Wave of Recovery

Feb 05, 2019

Amid mixed reports on the health of the offshore supply chain, the underreported seismic services segment — a bellwether of eventual market growth or decline — is showing signs that another wave of market recovery is just a year away.Oslo-based…

Oil Spill Calculator Predicts Oil Movements

Feb 01, 2019

The Deepwater Horizon oil spill changed a lot of the thinking about subsea blowouts, including how to predict the movement of the oil and gas.“One thing that was clear early on during the Deepwater Horizon was that dissolution of oil into water was a major process…

Tanzania Offshore Puts Off Potential Suitors

Jan 31, 2019

Tanzania could be preparing for yet another licensing round of its offshore oil and gas blocks in the second quarter of 2019, more than four years after the last auction did not yield the anticipated results on the back of the country's complex regulatory regime…

Project Azul Phase II Ready to Launch

Jan 30, 2019

The massive Libra pre-salt area, which was originally believed to contain at least volumes of between 8 billion and 12 billion boe, started production at the end of 2017. Located within the Santos Basin, over 200 kilometers off the coast of Rio de Janeiro…

Equinor’s Grand Plan Could be Grander

Jan 28, 2019

An area of rich oilfields in the southern North Sea off Norway appears set to become the next large-scale development to awe and shock observers for being a possible “fast-track” project in a mature area thought to have seen its best days.Norwegian offshore operator…

Current News

Equinor to Explore off Australia

Equinor to Explore off Australia

Wood Bags EPCI Contract from Equinor

Wood Bags EPCI Contract from Equinor

Top-tension Riser JIP Launched

Top-tension Riser JIP Launched

Shell, Repsol Team Up Offshore Bulgaria

Shell, Repsol Team Up Offshore Bulgaria

Babcock Wins BW Catcher Contract

Babcock Wins BW Catcher Contract

Sakhalin: Offshore Heavy Lift Refit

Sakhalin: Offshore Heavy Lift Refit

Neptune Energy to Present Plan for Norway Fields

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