The drillship has been and remains a versatile vessel design that has proved itself an integral part of the E&P industry’s adventure into deeper waters since Global Marine’s converted CUSS 1 first entered the scene in the late 1950s.

Despite the ongoing effects of the global downturn in upstream activity, workers still need to be based offshore to get new projects onstream and to keep existing ones running.

Barclays, global, E&P, spending, outlook, offshore

Well spend could fall to an estimated $72.3 billion in 2016, compared to an estimated $92.9 billion in 2015, according to a global spending forecast.

offshore, U.S., Gulf of Mexico, Atlantic, Jack Gerard, American Petroleum Institute, American, energy, EIA

Offshore development was among the areas mentioned for potential in terms of production, jobs and economic growth in an oil and gas association’s report on the status of the U.S. energy sector.

Afew months ago E&P featured the pioneering FPSO vessel that helped change the way oil companies approach small- and medium-sized field developments—the Petrojarl I [See the August issue’s Vessel Spotlight].

Deepwater International

Fugro has a new AUV (Autonomous Underwater Vehicle) to play with, after recently taking delivery of the Hugin 1000 AUV, E...

BW Offshore has sold the VLCC BW Opal...

An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.

DNV GL is leading a Joint Industry Project (JIP) aimed at solving the challenges brought about by sour service fluids from wells and the demands it places on pipeline material.

Odfjell Drilling expects the deepwater rig market to remain weak over the next couple of years, due to the continued delivery of newbuild units and oil companies’ increased cost focus and capital discipline.