Volume 84, Issue 6, November/December 2024

Combining seismic data, well logs, natural language and production data into a single model allows users to deliver more accurate and comprehensive subsurface insights.

The aim is to ensure offshore structures and hulls are appropriately designed and protected in the context of the complex, interacting factors of biofouling and corrosion.

Drilling, workover rigs adapted for complex shallow-water settings.

The global offshore support vessel (OSV) market is estimated to grow from $25.52 billion in 2024 to $36.18 billion by 2029, at a CAGR of 7.2% during the forecast period.

Forecasts indicate that global submarine cable demand could double by 2030.

At-a-glance statistics and analysis of the offshore energy industry

JBS Group’s excavation system has been utilized for several subsea operations for both oil and gas and the renewable energy sectors.

Third-party examination of components can detect underlying problems early, provide insight to overall rig health.

Even when data is lacking, workflow efficiencies can still be gained through new solutions.

The latest company news and personnel moves from the offshore industry

For the offshore market, obstacles include desalination and available platform space.

Torgeir Sterri, DNV's senior vice president and director of offshore classification, says leveraging cross-sector expertise helps tackle offshore challenges.

Twelve new projects to come online in 2024-2025.

Approximately 70% of oil and gas production today comes from mature assets.

Subsea construction insurance has become increasingly difficult to obtain, even for projects with modest budgets.

The offshore sector needs to collaborate on technological advancements, prioritize resilience and focus on workforce transformation.