Can the Subsea Factory Support a Net Zero World?
if over the life of a field, project economics can be enhanced through lower CO2 emissions and increased production, we can expect a stronger adoption of subsea factory concepts, compared to the last 10-15 years.That sounds really positive. So, what challenges do you see ahead for the industry?The oil and gas industry, and the subsea industry especially, has seen a lot of turbulence over the last 7-8 years. We now need to try and instill some positivity in what we do.In Norway, there’s a lot of social and political pressure on the industry, which is driving a huge challenge for us in terms of ensuring
Simulation: Cutting the Corner on Machine Learning
As the offshore oil and gas industry becomes more competitive, it actively pursues increased efficiency through innovative approaches while streamlining production, reducing costs, and improving safety. Many companies are looking at digitization to insulate themselves from market shocks, remain profitable at lower oil prices, and generate competitive advantage during recovery. The path forward lies in leveraging machine learning-based technologies that are maturing quickly and are being adopted across the value chain. The use of Machine Learning (ML) models is particularly promising for the resolution
Favorable Offshore Winds Blowing from the Biden Administration
vessels; develop training programs for workers who may be losing jobs in the coal industry and want to transition to the new, clean economy; set up shops and production facilities in the newly designated ports for offshore wind; and apply its relevant expertise and experience from the oil and gas industry. All of this is needed to achieve the Biden goal for offshore wind and meeting the Paris Accords. ConclusionBy setting an ambitious goal, the Biden administration, working with the states, private sector, and federal government, can double the amount of offshore wind by 2030—and
Biden Administration Aims for US Leadership in Offshore Wind -Official
of Mexico, Lefton said.“We have an industry in the United States that knows how to do energy development in the Outer Continental Shelf,” she said.She added that components in one of the nation’s two operating offshore wind farms came from a firm in Louisiana that supplies the oil and gas industry.The administration has been criticized by oil and gas producers and Gulf Coast officials after Biden ordered a freeze of new federal drilling leases to conduct a review balancing the program’s economic benefits against its environmental costs.They argue the pause, which is widely seen
Ashtead Technology Creates Role to Push Renewables Drive
in Aberdeenshire, UK, Stephen has been promoted to the role after four years with the company recently as an asset integrity business development manager and formerly as NDT sales manager.Ashtead, which has traditionally provided its subsea equipment and O&M and decommissioning services to the oil and gas industry clients, has been diversifying into renewables as well."The firm has in recent years been diversifying into the renewables market where its equipment fleet and engineering skills developed to support the oil and gas industry are also suited to the requirements of offshore wind developers&rsquo
Scott Appointed Ops and Development Manager of SmartDives
Commercial diving equipment manufacturer, SmartDives appointed Stephen Scott as Operations and Development Manager, effective March 2021. Scott has more than 30 years’ experience working within the global underwater diving sector of the oil and gas industry, in various senior operations, commercial and business development roles. Most recently, he was Diving Sales Manager of Unique Group’s diving and marine subsea business.
Green Minerals, Oil States Sign LoI for Deep Sea Mining System
marine minerals production system ready in 2026."The company expects the production system to be ready to commence pilot production in 2026," Green Minerals said.Green Minerals is a subsidiary of Seabird Exploration, a company known for its seismic services provided to the international oil and gas industry.Seabird Exploration said in January that Green Minerals focus would be deep-sea mining of marine minerals and Rare Earth Elements (REE) key to the green shift, "eliminating the social costs in onshore mining while reducing the environmental footprint."The company's plan is for
U.S. Navy Charters Hornbeck Offshore's OSV
U.S. offshore vessel operator Hornbeck Offshore, normally providing services to the offshore oil and gas industry, has now won a contract with the U.S. Navy.The company last week won a $7,510,000 firm-fixed-price contract with reimbursable elements for the long-term charter of the U.S. flagged offshore support vessel HOS Red Rock, which will provide support for Navy operations-at-sea. This contract includes a one-year base period with three one-year extension option periods, as well as one 11-month option period which, if exercised, would bring the cumulative value of this contract to $39,702,000.
Forum Energy Technologies Targets Growth in South America
Technologies (FET) said it has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda to represent its operations in Brazil as part of the business’ long-term growth strategy in South America.Deepsea Technologies provides engineered products and services to the oil and gas industry globally, with a key focus in delivering solutions for subsea and topside production systems and subsea intervention systems.The partnership will see Deepsea Technologies provide business development and engineering support on behalf of FET in Brazil. It will also deliver full servicing, repair