Offshore Engineer

Established in 1975, Offshore Engineer serves as the premier resource for news, analysis, and insights related to the worldwide offshore energy sector.

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Pulling the Plug on Old Offshore Wells

1 week ago | oedigital.com | Greg Trauthwein

Well-Safe Solutions, a seven-year-old company with already more than 400 employees and 100 well decommissioning projects under its belt, relies on its fleet – two semisubmersibles and one jack-up – but more so on its engineering acumen to successfully, safely take old offshore assets out of action.
Keys to Keeping Offshore Metal Structures Ship Shape

1 week ago | oedigital.com | Greg Trauthwein

In this segment of Offshore Engineer TV, Paula Lepore, Global Projects Engineering Manager and Anshul Godha, Materials Scientist at Parker Hannifin discuss a new approach to understanding and mitigating stress corrosion cracking (SCC) and hydrogen embrittlement (HE): including what it is, how you can discover it, and most importantly, how you can mitigate to protect the investment in your offshore structures, as well as a brief overview of Parker Hannifin’s Super Shield corrosion protection...
SOV/CSOV Shipbuilding Market:

2 months ago | oedigital.com | Greg Trauthwein

As offshore wind farms grow larger and further offshore, the demand grows for bigger, more capable vessels. Enter the Service Operation Vessel (SOV) and Commissioning Service Operation Vessel (CSOV) segments, which according to Phil Lewis, Director of Research, Intelatus Global Partners, are drawing a fair amount of speculative ordering today. Maintaining vessel supply and demand while eyeing day rates to support the industry is a perpetual challenge.
Coastal Virginia Offshore Wind Project Stays on Track with Cost Update

2 months ago | oedigital.com | Rhonda Moniz

Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted…
Coastal Virginia Offshore Wind Project Remains on Track

2 months ago | oedigital.com

Dominion Energy has stated that the 2.6GW Coastal Virginia Offshore Wind (CVOW) project is now approximately 50% complete…
EIA: Cushing Crude Stocks fall to Decade-low levels

Jan 8, 2025 | oedigital.com | Georgina McCartney |Arathy Somasekhar

U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts' expectations in a Reuters poll for a 184,000-barrel draw. Brent and U.S. crude futures extended losses following the report.
Oil Rises as Syria's Assad Departs, China eases Monetary Policy

Dec 9, 2024 | oedigital.com | Arunima Kumar

Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards a loosened monetary policy stance since 2010. Brent crude futures were up $1.34, or 1.9%, to $72.46 per barrel at 11:25 a.m. ET (1625 GMT). U.S. West Texas Intermediate (WTI) crude futures CLc1 were up $1.5, or 2.23%, to $68.70.
Shell, Equinor form UK North Sea Oil & Gas JV

Dec 5, 2024 | oedigital.com | Louise S. Rasmussen |Ron Bousso

Shell and Norway's Equinor will merge their British North Sea assets to form what is set to be the aging basin's largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies' resources and spending, and cut costs to boost the profitability of the assets.
ExxonMobil Consultant Under Investigation for Hack-and-Leak of Environmentalist Emails

Nov 28, 2024 | oedigital.com

The FBI has been investigating a longtime Exxon Mobil consultant over the contractor's alleged role in a hack-and-leak operation…
Uncertainty Surrounds Guyana Gas Development

Nov 25, 2024 | oedigital.com | Curtis Williams |Kemol King

Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection. Ultimately, the South American nation may end up relying on a consortium led by Exxon Mobil, which controls all the production in the new energy hotspot. So far the top U.S. oil producerhas focused on oil.