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The size of the prize of so-called digitalization technologies is enormous. How much is reality and how much is hype? UK-based analyst firm Wood Mackenzie asked this very question. The results are perhaps not that surprising. Speaking at Offshore Europe, last year, Martin Kelly, VP of Wood Mackenzie’s corporate research group, outlined the results. For... Continue Reading →
Large Diameter Drilling (LDD) and Barge Master have completed what the companies claim to be "a world first" - drilling from a diving support and construction vessel (DSCV) in water deeper than 270 meters. The two companies deployed LDD’s reverse circulation LD2500 drill rig with Barge Master’s motion compensation platform (BM-T700) aboard the SBM Installer... Continue Reading →
Ocean Infinity, a marine robotics company, has completed its project with Total in Angola. The project was the first time that geophysical, geotechnical, and seismic data has been gathered at the same time, Ocean Infinity said in a statement on Wednesday. This was achieved through simultaneous operations of Ocean Infinity’s autonomous underwater vehicles (AUVs) with... Continue Reading →
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential. The Mero oilfield is being managed by the Libra Consortium, made up of a partnership between Petrobras, Total,... Continue Reading →
Oilfield services company Wood is delivering a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The scope of the project included the preliminary, front end engineering and design (Pre-FEED), FEED and now entails detailed design of Anchor, a wet tree development that will employ a semi-submersible floating production unit... Continue Reading →
International energy consultancy Xodus Group has launched a new analysis showing that a rapid pivot to gas would be required to deal with rising global energy demand. Xodus said on Friday that, in contrast to some recent future energy scenarios, it believed worldwide energy consumption would continue to increase, driven by economic growth in developing... Continue Reading →
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil, this buoyant market is kept strong by new players, new business models... Continue Reading →
There are surveys, and then there are surveys. For survey-tech outfit, Ecotone, the business model is offering a faster, digital way to monitor the health of seabed environments and offshore infrastructure. There’s enough to do with Norway set to invest $4.89 billion in pipelines in 2020 to add to thousands of kilometers of pipe worldwide.... Continue Reading →
Singapore's offshore facilities builder Keppel has said it has delivered "the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project." Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings. According to Keppel, it took it seven months to complete the project. Continue reading
As the world continues to demand energy sources, there is mounting pressure on hydrocarbon producers to find new reserves and extract more from existing assets. In recent years, the industry has made noticeable advancements in recovery techniques, using efficient technology to extend the life of mature fields. As these facilities are extended beyond their original... Continue Reading →
Brazil Energy Insight 