offshore

Technical Directors have a range of things to work on for 2018 that add value at a time when resources are scare.

Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades.

Two Gulf of Mexico incidents occurred that were related to compressors not being purged properly prior to startup. BSEE issued a Safety Alert outlining the circumstances and made recommendations for prevention.

Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.

Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.

Finding niches that provide a competitive edge over larger operators has enabled Talos Energy to leapfrog into a powerful position with Mexico’s first offshore wildcat discovery.

SNC-Lavalin was recognized by the Rice Global Engineering & Construction Forum’s Award of Excellence for the fast-track installation of a 150 MMcf/D natural gas processing plant for production from the offshore Venezuela Perla field.

Statoil selected the name “Empire Wind” for its offshore wind site located off the southern coast of Long Island, New York. The company also recently stepped into solar power in Brazil.

Add Energy has partnered with Transborders Energy and will work with TechnipFMC and MODEC to develop a 1.0-MTPA FLNG vessel for small-scale stranded fields.

Many of the biggest players in the industry—particularly the majors—have adapted their portfolios for “lower for longer” and are once again sanctioning big projects. While we are not back to the heady days of 2010–2014, we have left behind the dark days of 2015–2016.