US Oil Focused on Economics, not 'Drill, Baby, Drill' - Exxon Mobil Exec
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said. "Maintaining the discipline, driving the
POSH, Seamec Kick Off Work on ONGC Pipeline Project
aspects as lead partner of the consortium.POSH also said it has recently repurposed POSH Mallard as a DP2 DSV with ABS Class Notation including integrated Air and Saturation Dive systems, compliant with International Marine and Contractors Association (“IMCA”) and International Oil and Gas Producers (“IOGP”) standards. "Having been retrofitted with 300-meter Saturation and Air Dive systems and equipped with a 100T Subsea crane that can work in depths of up to 200 meters, POSH Mallard is now ready to support all forms of subsea work including light to moderate constructio
Biden Administration Aims for US Leadership in Offshore Wind -Official
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 as a precursor to a permanent ban, will crush jobs and slash
VideoRay Wins US Navy Deal
been delivered for military and commercial uses to customers worldwide.The Defender vehicle, based on VideoRay’s Mission Specialist technology, is becoming the technology of choice for a wide variety of challenging missions. It is chosen by Navies, Coast Guards, First Responders, Offshore Oil and Gas Producers, and Offshore Renewable installation companies for many reasons:Defender is a powerful, portable unit with open architecture, featuring Greensea Integrated Control and Navigation. Greensea's EOD Workspace software for sophisticated supervised autonomy and precise maneuvering. Greensea
Offshore Survey Vessels: Ready for Faster Sensors
, and we love every second of it.In light of that, I can postulate over this robotics conundrum with a reasonably experienced and increasingly discerning eye. I know with certainty how important unmanned systems will be in the geosurvey ecosystem of the future, I also know that the end clients (oil and gas producers, offshore wind farm owners, IT companies, national hydrographic agencies, etc.) are increasingly confident in the data harvested by these machines. I watched real-time as Kraken Robotics’ KATFISH (towed synthetic aperture sonar, SBP, MBES) was hovering 10m above the ocean floor
Unique Group Partners with POSH Subsea
;s fleet of diverse multipurpose vessels capable of supporting subsea inspection, repair and maintenance (IRM), as well as construction and installation works.Under this partnership, Unique Group said it will supply a holistic suite of classed air and saturation diving equipment, compliant to the Oil and Gas Producers (OGP) 468 and International Marine Contractors Association (IMCA) guidelines, as well as consumables and technical support during and post installation, spanning across a two-year period. The Unique Equipment Manager (UEM), a digitalized planned maintenance system integrated with the dive
Unique Group: Diving Solutions for POSH
of the agreement, Unique Group will design, manufacture and deliver Classed Air and Saturation Dive systems for integration on POSH’s vessels.Under this partnership, Unique Group will be supplying a holistic suite of classed air & saturation diving equipment, compliant to the stringent Oil and Gas Producers (OGP) 468 and International Marine Contractors Association (IMCA) guidelines, as well as consumables and technical support during and post installation, spanning across a two-year period. The Unique Equipment Manager (UEM), a digitalized planned maintenance system integrated with the dive
Schlumberger Sees International Growth in 2019
concerns that a slowdown in activity would hurt oilfield service companies that have struggled to boost prices since the 2014 downturn.Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers."Future investments will likely be much closer to a level that can be covered by free cash flow," Chief Executive Officer Paal Kibsgaard said about its U.S. operator customers. He reassured investors that even as operators tighten their purse strings, the company had built '
Unmanned Vehicles May Soon Take Up Residency Subsea
of the main drivers is cost reduction. ROV support vessels cost a lot. Remove the need for the vessel and a significant percentage of the cost of the operations is removed, Statoil’s Tom Glancy, Advisor Pipeline Mapping & Geographical Information, told an International Association of Oil and Gas Producers event in Stavanger last year.Having a vehicle living subsea, in “garages” or docking stations, could also reduce wait-on-weather time, operations costs in harsh conditions, and health, safety and environmental issues. It could also mean the ability to collect more data and mean
February 2025
