2018 was a great year for cash flow and profits of oil and gas operators. Despite the continued volatility in oil and gas prices, recent capital investment approvals suggest that we have reached a level where offshore projects are becoming viable again, especially for deepwater recovery. In the drilling contractor segment we are receiving signals that activity, in both the jack-up and floater markets, is slowly starting to pick up, as evidenced by the Mærsk Deliverer’s recent contract in Timor-Leste and the Maersk Convincer’s long-term contract in Brunei.
Subsea UK, a major participant at the AOG 2016 Exhibition and Conference, has provided important input into a “refreshed” oil and gas strategy that is being developed to overcome the current challenges faced in the North Sea.
Josiah McVicar, Delmar Systems, Inc. discusses an effective technique for training and hazard assessments related to mooring system deployment over and around subsea oil and gas infrastructure.
The critical subsea sector of the oil and gas industry will be a key topic at AOG 2015 at the same time as Australasia continues to be at the forefront of global investment destinations. According to a recent report produced by leading international energy analysts Douglas-Westwood (DW) – which incidentally will be making a keynote […]
After a slight lill, global subsea activity is set for a dramatic period of activity with hardware Capex estimated to total US$117 billion between 2014 and 2018, a growth of more than 80% compared to the preceding five-year period, according to a new report from leading International oil and gas industry research group Douglas-Westwood (DW). […]