Offshore Energy Outlook for 2020
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past.
L&T Consortium Wins Saudi Aramco Deal
Indian multinational conglomerate Larsen & Toubro Limited (L&T) announced that a consortium of its arm L&T Hydrocarbon Engineering Limited (LTHE), and EMAS AMC PTE Ltd (A Subsea7 Company) has been awarded a project by Saudi Aramco for offshore jackets.The project is for installing 28 offshore jackets in Zuluf…
Liberty Wins North Sea Pipe Contract
The Liberty pipe mills at Hartlepool has been awarded a multimillion-dollar contract to supply steel pipeline for North Sea gas.The mills, which were acquired and relaunched by Liberty, part of Sanjeev Gupta’s GFG Alliance, in late 2017, have just begun making the first batch of a total order for 12,000 metric tons of 24” steel pipe from global engineers Subsea7…
iSURVEY Strengthens North Sea Presence
iSURVEY Group, a leading provider of survey and positioning services to the global oil and gas and telecommunications sectors, has boosted its North Sea presence following a number of contract wins and the appointment of a new business development manager. Following the recent announcement of a contract extension with Nexans Norway AS…
Royal IHC Congratulates the King in a Special Way
Royal IHC is very honored to be part of the program on the King’s Birthday. Among other activities, the King and his family will be viewing a ‘Grande Maritime Parade’ in Dordrecht. The last ship in this spectacular show is the offshore vessel SEVEN SUN which was built by Royal IHC for offshore contractor Subsea7.
Smaller Oil Services Sector Players at Risk
Oilfield behemoths seek to emerge leaner and stronger; smaller, weaker firms vulnerable to acquisition. Slammed by plunging oil prices, oil services companies which supply rigs and carry out seismic surveys face a bleak outlook of cutbacks and contract cancellations. Peer through the gloom though and possible winners as well as losers emerge.
New DNV GL Recommended Subsea Lifting Standard
The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The recommended practice developed by DNV GL, the leading technical adviser to the oil & gas industry, provides guidance on the proper design and correct operation…
DNV GL JIP Provides Guidance for Subsea Installations
Failures of installed pipes, umbilicals and cables during installation can potentially lead to higher costs for the oil and gas industry and delayed start-ups. However, there are currently no Standards or Recommended Practices that address analysis methodology related to the laying of such products. To address this…
