Mediterranean, oil, gas

Egypt has emerged from the turmoil of the Arab Spring to reestablish itself as the Mediterranean’s most attractive offshore province.

As offshore operators seek to increase hydrocarbon recovery from existing reservoirs, the need also increases for systems capable of performing well intervention services on subsea wells to increase or maintain production in a safe and cost-efficient manner. 

Against a backdrop of leaden skies and news that Statoil was cutting another 2,000 jobs, the subsea industry really did feel ‘under pressure,’ the theme of this year’s Underwater Technology Conference.

A wealth of oil and gas has contributed to the world’s bountiful supplies and lower oil prices, which in turn have impacted budgets and spending both onshore and offshore.

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.