Offshore Energy Outlook for 2020
turbine) and innovative floating foundations that are deployable in greater water depths where fixed turbines cannot be installed. And IEA believes the potential for growth is even larger with increased policy-maker support.Italian services firm Saipem is among companies applying its offshore oil and gas expertise for renewables projects. (Photo: Saipem)Changing of the guardWhile the prospects for renewables are bright, oil and gas still has a major role to play, both at present and into the future. Most analysts agree that demand for hydrocarbons will continue to grow over the next decade or two.
New Player Enters the Decommissioning Market
, including investment from the Scottish Investment Bank and a regional selective assistance grant, in addition to the initial private funding provided by the major shareholders, which will enable the company to invest in assets and create jobs. Bringing together a wealth of subsea oil and gas expertise and experience with dedicated marine assets and equipment, Well-Safe will be the first-of-its-kind tier one company with a complete P&A (plug and abandonment) capability from front-end engineering and design to project execution. Executive Director, Mark Patterson, explained
Industry Research into Oil and Gas Skills
demand for a skilled workforce. Ultimately this research will allow us, as an industry, to priorities our activity in a targeted way in order that we might build the workforce we need to succeed in the future.” Business and Energy Minister Michael Fallon said, "The U.K. is a hub for oil and gas expertise, driven by the ingenuity and skills of its workforce. However, we can’t be complacent. The shortage of skills in the sector is major threat to its overall competitiveness and one of the biggest challenges that the industry faces today. "Further understanding of the skills base
Australian Wind & Wave Energy Platform a World First
simply convert the offshore generated electrical energy, and use the same to convert sea water into potable fresh water, and pipe to shore, thereby eliminating vast current desalination problems in Australia. ''This contract award strengthens Wood Group's commitment to diversifying its long-term oil and gas expertise into the emerging global renewable energy market,” comments Steve Wayman, CEO of Wood Group Kenny. Wood Group Kenny is the world's largest specialist subsea, pipeline and riser engineering and management contractor employing more than 2300 people worldwide, part of international energy
February 2024
