Deepwater ///

Offshore wind continues strong growth, bolstered by new floating projects

Paul Hillegeist, Quest Offshore Resources, Inc.

As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.

The rise of floating offshore wind energy

Patrick Belenfant, Hélène Butat, Paul-Gaspard de Bovis, Bourbon Subsea Services

To help achieve carbon reduction goals, substantial growth is expected in the floating offshore wind sector. To efficiently harness the renewable resource, a European contractor is taking a leading role by installing powerful floating wind turbines in challenging environments.

Stranded assets force oil companies to ask: Is new exploration worth it?

As the coronavirus ravages economies and cripples demand, European oil majors have made some uncomfortable admissions in recent months: oil and gas worth billions of dollars might never be pumped out of the ground.

A stronger Gulf of Mexico means a stronger America

Erik Milito, NOIA

Calls to ban offshore oil and natural gas lease sales, or permitting, would devastate America’s economic and energy future.

NETL uses machine learning to prevent and predict oil spills

Jared Ciferno, Kelly Rose, NETL

NETL’s ORM suite comprises tools that can be used individually, or coupled together, to provide a full scope of data to evaluate, explore and ultimately prevent different spill scenarios.

Sembcorp Marine to demerger from parent Sembcorp Industries

Shareholders of Sembcorp Marine and Sembcorp Industries (parent company of Sembcorp Marine) have approved the proposed Sembcorp Marine Renounceable Underwritten S$2.1 billion Rights Issue and Demerger from Sembcorp Industries at the companies’ respective Extraordinary General Meetings on Tuesday.

Wild Well Control and Oil Spill Response sign strategic alliance agreement for increased response capabilities

The collaboration between WWC and OSRL has been strategically implemented to further enhance the capabilities of the Global Subsea Response Network’s services, as provided through OSRL’s Subsea Well Intervention Services.

Prumo, bp and Siemens enter into partnership with SPIC on Brazil LNG projects

Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.

$3 billion deal for rig-builder Keppel canceled after quarterly loss

Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss.

Contrary to Greek commitment, Turkey restarts offshore oil exploration

Turkish President Recep Tayyip Erdogan on Friday announced the decision to dispatch a seismic research vessel, after Greece signed a deal with Egypt to draw maritime boundaries between the two countries.

OGUK supports Energy Integration Project’s low-carbon ambitions

OGUK is also discussing a transformational sector deal with the UK government, which will also set out how the UK’s oil and gas industry will play its part in supporting a green recovery that attracts investment, jobs and supports the supply chain.

Fugro performs first fully remote platform inspection on UK continental shelf

Fugro has delivered the first fully remote inspection of an oil and gas platform in UK waters, 250 km east of Scotland, using a remotely operated vehicle and Fugro’s state-of-the art remote operations centre in Aberdeen.

Exxon delays flagship upstream projects to protect its balance sheet

As recently as March, the Texas giant had pinned its future to huge capital spending on oil and natural gas at a time when peers were exploring ways to decarbonize. Exxon CEO Darren Woods’ plan was to lean on the company’s impeccable balance sheet to drill for gushers and still cover almost $15 billion in annual dividends.

Lightweight, modular subsea components designed to reduce ownership costs by 50%

Svein Stromberg, Baker Hughes

Applying new digital tools, structured planning and risk management expertise is essential to reducing costs in mature subsea projects.

Weatherford remotely installs liner hanger on Russian offshore platform during COVID-19 lockdown

Weatherford International successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown.

Maersk Drilling invests in new technology to facilitate carbon-neutral drilling

A full-scale deployment of the Carbon-Negative Energy concept will produce renewable fuel and power, and simultaneously remove greenhouse gases from the atmosphere. The net negative carbon emissions can be converted into carbon credits.

Talos President & CEO Tim Duncan approved as NOIA vice chairman

Following the vote by the NOIA Board of Directors, NOIA President Erik Milito said, “The offshore industry has a powerful story to tell, and Galen and Tim’s leadership will help us tell it. Not only does our industry deliver energy, jobs and growth in an environmentally-responsible manner, we tangibly raise the quality of life for society."

Lukoil acquires deepwater Senegal interest from Cairn Energy

The 2,212 sq. km blocks are located on the deepwater shelf of the Republic of Senegal, and include the Sangomar and FAN fields .According to the Lukoil's estimates, the recoverable hydrocarbon reserves of the Sangomar field total approximately 500 MMboe.

AFGlobal deploys diverless connection system offshore Malaysia

The idea behind the technology was to create a shallow water pipelay that did not require welding pipeline connections or the need for divers, along with the ability to reduce the cost and time on projects.

Aker Solutions, Kvaerner transform to seize renewable-energy opportunities

“At a time when renewables have developed from niche technologies to global industries, Aker’s ambitions exceed the announced spin-offs in Aker Solutions,” Aker Chief Executive Officer Oyvind Eriksen said in a statement. “We take an active role to position ourselves in a broader and rapidly growing renewable energy industry.”