Offshore Technology Focus: Issue 54

In this issue: Trump’s industry-friendly cabinet picks, the case for FLNG, the North Sea’s newest big player, Russia’s tax reforms, a new lease of life for Statoil’s Gullfaks field, and more.


US President Trump’s cabinet picks include a host of oil industry veterans and allies, including former ExxonMobil CEO Rex Tillerson, climate change sceptic Scott Pruitt and oil investor Carl Icahn. With the oil lobby pushing for more access to offshore licences and regulatory reform, we ask whether this could be the cooperative cabinet that the industry has been hoping for.

We also report from the Floating LNG 2017 conference, and speak to Chrysaor, which became one of the biggest North Sea players following a $3bn purchase of Shell’s assets, about its strategy for the region.

Plus, we investigate what Russia’s new tax proposals could mean for the country’s ageing projects, find out how Statoil is planning to extend the lifespan of its Gullfaks field by 30 years, and find out how operators can tackle problems of substance abuse on oil and gas installations.

In this issue

Team Trump
US President Trump’s cabinet picks include a host of oil industry veterans and allies. With the oil lobby pushing for more licences and regulatory reform, Chris Lo asks whether this could be the cooperative government the industry has been hoping for.
Read the article.

The Case for FLNG
FLNG is becoming increasingly popular in developing countries due to its low start-up costs and fast speed to market. Molly Lempriere explores the benefits and drawbacks of offshore regasification.
Read the article.

New Kid on the Block
Chrysaor’s $3bn purchase of North Sea assets from Shell has made it one of the UK’s largest oil and gas producers virtually overnight. Chris Lo takes a look inside the company and its ambitions for the UK Continental Shelf.
Read the article.

A Lifeline for Russia’s Mature Fields?
The Russian Finance Ministry’s overhaul of oil and gas tax laws in favour of a profit-based system has been greeted by scepticism among Russian companies. Julian Turner finds out more from Frost & Sullivan consulting analyst Dmitry Raspopov
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Gullfaks: Still Going Strong
After 30 years of production, Statoil’s Gullfaks field is now expected to operate until the mid-2030s – nearly 30 years beyond the original development plan. Heidi Vella reports on the field’s history and plans for its life extension.
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Zero Tolerance
Substance abuse can become a serious issue on oil and gas installations. Dr David Johnston of Iqarus tells Abi Millar about the risks to operations and crew and what action employers can take.
Read the article.

Next issue preview

Equatorial Guinea is seeking to revive its oil sector by applying for membership to OPEC. For decades such a move made obvious sense as involvement would unlock access to massive new markets. Today, however, OPEC is more focussed on controlling supply then unlocking new riches. We ask whether joining the group is still as attractive a prospect as it was a decade or even a year ago.

Also in the next issue, we ask whether the UK’s tax breaks for North Sea operators will be enough to keep the industry afloat, and look into the UK Oil & Gas Authority’s recommendations for improving profitability through better project management in the region. Plus, we find out how predictive analytics can be used to improve oil and gas production, explore the requirements and options for offshore worker accommodation, and look at new ideas for workforce management on the UKCS.

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