Oil And Gas Sector News

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Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

spending, energy security, and shovel-ready jobs with good wages will be unleashed. Importantly, offshore wind development will support jobs throughout the entire U.S. The same shipbuilders, heavy lift vessel operators, steel fabricators and countless other companies who built the Gulf of Mexico oil and gas sector stand ready to lend their expertise to the American offshore wind industry.” 

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Webinar: Floating Production Forecasts & Analysis

in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector, putting new deepwater project starts on hold through at least the third quarter of this year.But with oil prices now in the low $40s range on the back of OPEC+ supply cuts and rebalancing oil supply and demand, WER expects oil prices to continue to rise over the next six months toward a gradual

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Webinar: Floating Production Forecasts & Analysis

in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector, putting new deepwater project starts on hold through at least the third quarter of this year.But with oil prices now in the low $40s range on the back of OPEC+ supply cuts and rebalancing oil supply and demand, WER expects oil prices to continue to rise over the next six months toward a gradual

Jim Cargill, Chief Executive, PlanSea Solutions - Credit: PlanSea Solutions

PlanSea's Software to Cut North Sea Logistics Costs, Emissions

industry spend of over £300 million and identified the contribution optimization software can make to reduce the sector’s CO2 emissions," PlanSea said.PlanSea, the company focused on operational management control, fleet optimization, and vessel scheduling software for offshore oil and gas sector, has started the software development work after securing funding from the Oil & Gas Technology Centre (OGTC).The marine logistics optimization and efficiency software development is being undertaken in partnership with BP, CNOOC International and Equinor, ensuring the project is industry-led

SeaView software showing the Subsea probe’s orientation relative to the underwater member, echoes received with energy levels and correlation value, liquid level reading (if liquid is present), etc. providing a quality check for each reading obtained. (Image: VideoRay)

Flooded Member Detection Using ROVs

ISFMD system aligns perfectly with the extremely capable and compact VideoRay ROV. This collaboration enables a very cost-effective method of performing Flooded Member Detection surveys."Lisa Brisson, VP of Operations at ECHO81, said, "The combination of these two great products offer the oil and gas sector a powerful yet compact solution for flooded member and pipeline inspection surveys unlike anything else we've ever seen."The ISFMD system is now available for purchase as an option to the Defender series ROV systems

Ashtead -DMS installed on a Subsea Template as seen from ROV camera. Photo: Ashtead

Challenges of Underwater Structure Monitoring for Offshore Operations

enters a period of increased offshore deepwater exploration driven by economic viability, the demand for international underwater monitoring services looks set to strengthen into the new decade. According to a report from TechSci Research1, the value of global underwater monitoring services for the oil and gas sector is projected to grow from around $1billion in 2018 to $1.8billion by 2024.With an increasing focus on improving efficiencies throughout the global energy sector, the installation of subsea structures on the seabed can pose complex and costly challenges if handled incorrectly. It is essential

Image Credit: DNV GL

Are O&G Digital Twins Useful? DNV GL Moves to Find Out

mechanism of trust and value for the digital representation of a physical asset and its behavior, DNV GL said.DNV GL is developing and testing a methodology for the qualification of digital twins which will provide that assurance, and ultimately encourage wider adoption of the technology in the oil and gas sector. An initial partnership with TechnipFMC has led to the creation of the pilot, which is now being opened to the wider industry.Digital twins are a rapidly developing technology widely expected to become a significant contributor to the future management of major industrial sites. The digital

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Depro, VideoRay Team Up for Offshore Inspections

Depro AS and VideoRay LLC announced a new partnership to develop and field lighter and less expensive equipment for underwater operations, primarily in the oil and gas sector.Depro AS is an engineering, procurement, construction (EPC) supplier with expertise in building remotely operated tools used in underwater operations for offshore oil and gas production.VideoRay LLC is a provider of inspection-class remotely operated vehicles (ROVs). Its Mission Specialist Technology is a customizable and flexible platform that uses a system of interchangeable, modular components. The philosophy behind the

(Photo: OPT)

Eni Taps OPT PowerBuoy for New Mission

an OPT-designed power delivery system and interface, the project will assess the value of the platform to the ecosystem if left in place, as well as the viability of integrated aquaculture farming, recreational, and other uses.“Eni is a leader in seeking sustainable business processes for the oil and gas sector. Eni’s continued confidence in the PB3 is a bellwether for offshore industries seeking to decarbonize operations while also reducing risk and operational costs,” said George Kirby, OPT President and Chief Executive Officer.The PB3 PowerBuoy is designed for three years of operation

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