offshore

Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.

ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine. Drilling efficiency was improved by use of an automated pipe-handling system, which reduced the median time required for connection at one location by 20%.

A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.

Led by Texas and New Mexico, year-over-year crude output jumped by 11% according to the US Energy Information Administration. Going forward, new records will be set but at a slower pace.

The complete paper presents a practical approach for validating design-verification analysis for subsea equipment, using a representative pressure valve block to correlate finite-element analysis (FEA) predictions for strain changes with actual measured changes.

AG&P breaks ground on Karaikal LNG.

Transocean reported a long list of reasons why the deepwater drilling business is coming back strong. Making money is still not one of them.

Qatar has reportedly delayed the selection of Western partners for its massive North Field LNG project.

This paper identifies potentially significant hidden value of subsea multiphase boosting technology, or aspects of it that have not received adequate attention during the field-development decision-making process.

The motto of the Olympic Games is “Citius, Altius, Fortius,” Latin for “faster, higher, stronger,” which emphasizes the concept of pushing the limits. As an engineer, that approach really speaks to me—and offshore installations, and especially offshore tiebacks, illustrate that concept very well.