US President Trump’s recent decision to pull out of the Iran deal has, as expected, rocked the oil industry and sent the price per barrel above $80 – but it’s far from the only event to have shaken up the oil industry throughout its history. We take a look at the fallout from Trump’s move, and chart a timeline of other geopolitical events that have had a similar effect on the market.
We also investigate safety issues surrounding offshore gas leaks and ask what lessons have been learned since the Piper Alpha disaster 30 years ago, find out how Equinor’s approach to powering the Johan Sverdrup field with onshore energy will reduce the project’s carbon footprint, and speak to ABB about its work to move production facilities to the seabed.
Plus, we ask whether concerns about oil spills will hamper new exploration efforts off the coast of Nova Scotia, look at the biggest upcoming gas projects, and speak to Lloyd’s Register about its newly launched collaborative approach to decommissioning, which aims to reduce the cost and risk burden for operators.
In this issue
From OPEC to Iran: moments that rocked the oil industry US President Trump’s decision to pull out of the Iran deal has rocked the oil industry and sent the price per barrel above $80. So which other moments in time have had a similarly profound effect? See our timeline that charts the momentous moments in oil. Click to read
Electrifying the Johan Sverdrup oil and gas field In April, Statoil began laying a cable that will supply onshore power from Norway to the gigantic Johan Sverdrup field, a technological feat that will make it one of the oil fields with the lowest CO2 emissions. We take a look at this project and find out how oil fields are conventionally powered. Click to read
The world’s biggest upcoming offshore gas projects The International Energy Agency says offshore energy is set to increase up to 2040 in any of its run scenarios; while offshore oil output has held steady since 2000, offshore gas production has increased by 50% in the same period. Using this information, we map out the world’s biggest offshore gas projects. Click to read
The battle for Nova Scotian oil Nova Scotia Premier Stephen McNeil announced in May that he would appear before a federal marine protection panel to argue for allowing offshore oil and gas development alongside fisheries. With the debate ongoing, we explore the province’s contesting views over drilling rights and marine protected areas. Click to read
Piper Alpha: lessons on gas releases in the North Sea On the anniversary of the Piper Alpha disaster the Health and Safety Executive wrote to oil and gas operators about the number of gas releases in the industry, concerned that a lack of leadership is allowing leaks that could platforms perilously close to disaster. So should more be being done to tackle gas releases in the North Sea? Click to read
Will a new consortium reduce the burden of offshore decommissioning? A new collaborative supply chain approach to global decommissioning launched in April by Lloyds Register promises to offer an end-to-end solution to reduce the decommissioning burden, risk and cost for operators. But what does that mean in practice? Click to read
ABB: uniting the industry on seabed technology ABB and its partners in the oil and gas industry are progressing plans to relocate production facilities to the seabed. But how is the project stress-testing the equipment that could one day automate offshore production? Click to read
Preview – Offshore Technology Focus November
The latest offshore licensing round for the North Sea has been significant in the number of smaller new players bidding for blocks, a move that appears all the more significant as big players such as Total are putting all their North Sea assets up for sale. We find out whether North Sea exploration could see new era of small companies dominating the market.
Also in the next issue, we investigate what difference Nigeria’s long-delayed new petroleum bill will make for companies operating in the country, check in on Norway’s offshore strike, which has seen workers and the Norwegian Shipowners’ Association clash over wages and pensions, and find out how the America Petroleum Institute’s Explore Offshore campaign is trying to tackle opposition to drilling in coastal south-eastern states.
Plus, we speak to design firm LCC Volgogradnefteproekt about its asset management platform, which is using 3D modelling to reduce cost, time and human error, and hear from the University of Aberdeen about its world-first Master’s course in decommissioning, which the institution hopes will position it as the North Sea’s foremost training centre for the next generation of decommissioning specialists.
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