Deployment of floating production units is predicted to increase; however, analysts think orders for such units will fall in 2015.
Coalition aims to reduce the risk of offshore accidents and oil spills.
A spending slowdown and lower demand could further dampen the offshore drilling sector’s overcapacity woes.
Between 2014 and 2020, an estimated $60 billion will be invested in FLNG projects worldwide.
Lower demand, a flood of newbuilds, reduced rig rates and spending cutbacks by oil and gas companies have cast a cloud over the offshore drilling market.
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...
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.
The offshore drilling market is entering its second year of the downturn, which is shaping up to be more challenging than the first – and worse than had previously been expected by the industry, according to Seadrill.