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  • Volume 82, Issue 5, September-October 2022

    • Volume 82, Issue 5, September-October 2022

    Industry turning to modification and reuse to shorten cycle time, reduce costs
    Photo 87856749 / Map © Titoonz | Dreamstime.com
    Europe
    North Sea & Europe

    Europe’s gas deficit underscores relevance of all energy sources

    Oct. 3, 2022
    Tension is rising in Europe as the mainland braces for rising energy costs this winter.
    Courtesy Teekay
    The FPSO Sevan Hummingbird will be modified to serve the Avalon development in the central UK North Sea.
    Field Development

    Industry turns to FPU redeployments to shorten cycle times

    Oct. 3, 2022
    Six units redeployed so far this year, more on the horizon.
    Photo 34562652 © Bomboman | Dreamstime.com
    Dreamstime Xl 34562652
    Rigs

    More newbuild rigs find homes in an increasingly optimistic market

    Oct. 3, 2022
    Newbuild values have risen on an average by over 30% in the last 12 months.
    All images courtesy Optime Subsea
    An ROCS at Optime Subsea’s workshop in Notodden.
    Subsea

    Subsea intervention, completion systems speed operations on multiple Aker BP wells

    Oct. 3, 2022
    Removal of topsides components brings further cost, safety benefits.
    Courtesy Schlumberger
    Dual-string barrier evaluation toolstring entering the wellbore.
    Home

    Rigless approach improves efficiency for P&A project in deepwater Gulf of Mexico

    Oct. 3, 2022
    New technology enables bond quality evaluation without casing removal.

    More content from Volume 82, Issue 5, September-October 2022

    Photo 55873502 © Bomboman | Dreamstime.com
    Snubbing Unit Dreamstime M 55873502
    Drilling & Completion

    Well P&A method aims to address ESG concerns

    Oct. 3, 2022
    Approach proven offshore US, Asia, and Australia.
    Photo courtesy 13165434 © Eugene Suslo | Dreamstime.com; Design by Meg Fuschetti, Endeavor Business Media
    Offshore Wind Special Report Final Cover
    Renewable Energy

    2022 Offshore Wind Special Report

    Oct. 3, 2022
    An analysis of the offshore wind industry's challenges, solutions and opportunities
    Photo 13165434 © Eugene Suslo | Dreamstime.com
    2022 Offshore Wind Special Report Cover Art
    Renewable Energy

    Globalization of offshore wind

    Oct. 3, 2022
    Offshore wind is advancing the blue economy and energy transition agendas.
    Courtesy Esgian Wind Analytics
    Lead times are defined as the duration between contract award details being made public and the date of operation of the wind farm.
    Renewable Energy

    Innovative solutions give boost to US offshore wind projects

    Oct. 3, 2022
    The US offshore wind industry is facing some challenges and opportunities unlike those seen in other parts of the world.
    Photo 106382335 © Adrian825 | Dreamstime.com
    Floating Wind Farm
    Renewable Energy

    Table: Floating offshore wind projects booming across the globe

    Oct. 3, 2022
    This table provides an at-a-glance view of the global floating offshore wind facilities that are in concept, pre-construction and construction phases as well as development zones...
    Courtesy Odfjell Oceanwind
    In late August Odfjell Oceanwind received confirmation from DNV that the main scantling approval of its Deepsea Semi floating wind foundation design was close to completion.
    Renewable Energy

    Floating offshore wind projects sprouting up worldwide

    Oct. 3, 2022
    Hot spots of the floating offshore wind sector are heavily focused near the UK, but emerging projects are ramping up globally.
    Courtesy SIOW
    SIOW published a study a few months ago highlighting the $109 billion supply chain opportunity from the private sector for offshore wind in the US. The graphic illustrates the level of spend and on which components.
    Renewable Energy

    Offshore wind in the US a once-in-a-generation opportunity

    Oct. 3, 2022
    The industry will soon experience profound economic, environmental and energy system benefits.
    Courtesy Rystad Energy Offshore Wind Dashboard; Rystad Energy research and analysis
    European annual capital additions by country are displayed on the left side, and cumulative capital is depicted on the right side.
    Renewable Energy

    Busy years ahead in Western Europe

    Oct. 3, 2022
    Is the supply chain ready?
    Courtesy Westwood Global Energy Group
    Graphic 1
    Renewable Energy

    Asia emerging as offshore wind supply chain powerhouse

    Oct. 3, 2022
    There is tremendous potential in Asia’s offshore wind supply chain with $294 billion forecast EPCI spend 2026-2030, of which $194 billion or 66% is to be spent on turbines.
    Courtesy Richard Crighton, BIG Partnership
    The Aberdeen Offshore Wind Farm is located about 3 km off the coast of Aberdeen, UK. With its 11 wind turbines, it has a total capacity of 93.2 MW.
    Renewable Energy

    Rising to the challenge of a new industry

    Oct. 3, 2022
    Construction and fabrication sectors face issues as they work toward delivering for an energy future led by offshore wind.
    Courtesy IHS Markit
    2210 Offow Vess T 1
    Renewable Energy

    Supply chain under pressure from rapidly expanding wind market

    Oct. 3, 2022
    There are question marks over the longevity of older, less capable vessels in a market where foundation sizes and weights are rapidly increasing.
    Courtesy GustoMSC; NOV
    The first Jones Act-compliant wind turbine installation vessel is Dominion Energy’s Charybdis.
    Renewable Energy

    US initiatives assess current wind challenges, future opportunities

    Oct. 3, 2022
    The development of fixed and floating offshore wind infrastructure presents vast opportunities for the US renewables market.
    Courtesy Fugro
    Fugro's Blue Essence uncrewed surface vessel is controlled from an ROC.
    Renewable Energy

    Developers face challenges with data management and driving innovation

    Oct. 3, 2022
    The offshore wind operations and maintenance sector has two main strategies: developing data-driven technology and driving down costs and time.
    Courtesy Shaun Dakin/Unsplash
    Shaun Dakin N Y Rhd44e O Unsplash
    Renewable Energy

    US BOEM rapidly ramps up offshore wind development

    Oct. 3, 2022
    As BOEM tackles new challenges and the enormity of the tasks before it, litigation may slow the process and frustrate goals to achieve ambitious timelines.
    Courtesy Energy Workforce & Technology Council
    I Stock 1253690396
    Renewable Energy

    Transferable skills: Offshore energy services sector continues to develop innovative technologies

    Oct. 3, 2022
    New technology is leading the future in energy resources, including oil, gas and offshore wind.
    Courtesy Esgian Rig Analytics
    Offshore Rig Sales
    Rigs

    Offshore rig sales for drilling are on the rise

    Oct. 3, 2022
    Sales of offshore rigs are down so far this year, compared with the past two years.
    Source: S&P Global
    August 2020-July 2022
    Drilling & Completion

    Offshore drilling market bounces back

    Oct. 3, 2022
    The offshore drilling market has continued to rebound over the last few months as demand and commodity prices have both been higher.
    Source Deloitte
    Deloitte
    Business Briefs

    North American upstream to generate $600B free cash flow in 2021-22

    Oct. 3, 2022
    The North American upstream industry cumulatively generated only US$47 billion in free cash flows over the last decade (2010–2020).
    Photo by Einar Aslaksen/Courtesy Equinor
    The Peregrino field offshore Brazil.
    Home

    Global E&P Briefs

    Oct. 3, 2022
    A compilation of the latest offshore exploration and production updates from around the world
    Courtesy Aker Solutions
    Aker Solutions Subsea Trees
    Subsea

    Subsea Systems: Plenty of subsea tree awards up for grabs in coming years

    Oct. 3, 2022
    Rystad predicts that Europe and South America will continue to be the two main subsea hubs, and the two regions are expected to see an increase from 2022 of almost 21% and 24%...
    Courtesy IberBlue Wind
    IberBlue Wind says it will perform early development and design of projects offshore Spain and Portugal.
    Renewable Energy

    Offshore Wind Energy Briefs

    Oct. 3, 2022
    IberBlue Wind has started operations in Spain and Portugal, targeting development of floating offshore wind farm projects.
    Beyond The Horizon
    Energy Transition

    Offshore sectors must adopt united front to meet energy transition goals

    Oct. 3, 2022
    The offshore wind industry and the offshore oil and gas industry share common ground in pursuit of decarbonization targets and improved economics.