Offshore Technology

1 week ago | offshore-technology.com | Claire Jenns

Deepwater drilling is becoming increasing important in the oil and gas (O&G) industry as shallower reserves are depleted.  According to Global Energy Monitor’s Global Oil and Gas Extraction Tracker, in 2024, resources totalling approximately eight billion barrels of oil equivalent were announced in new offshore discoveries. Moving into deepwater environments is generally harder than onshore O&G extraction thanks to a combination of technical, economic and environmental factors.

1 week ago | offshore-technology.com | Miranda McLaren

In the energy sector, compressing gases and liquids facilitates easier storage, transportation, and processing. The average operating temperature of an industrial compressor used in oil and gas applications is typically between 93°C to 200°C (200°F-400°F), though this can depend on a range of factors such as ambient conditions, compression ratio, and the equipment’s size and efficiency.

2 weeks ago | offshore-technology.com | Tiash Saha

Italian gas grid operator Snam has signed an agreement with Infinity Investments, an investment vehicle of Abu Dhabi’s Investment Authority, to acquire a 24.99% stake in Vier Gas Holding (VGH), which fully owns Open Grid Europe (OGE), for €920m ($1.02bn). OGE is Germany’s largest independent gas transmission company, overseeing a network that spans approximately 12,000km. The company has an annual offtake volume of around 21 billion cubic metres (bcm) and serves more than 400 end customers.

2 weeks ago | offshore-technology.com | Claire Jenns

As the world’s appetite for energy skyrockets, offshore wind and oil and gas are in closer proximity than ever before in order to meet demand.  Wind energy has steadily expanded beyond onshore projects into marine spaces since the 1990s, a process that has forced the two industries to reckon with the challenges and opportunities of co-location.

2 weeks ago | offshore-technology.com | Eugenia Perozo

Whether 2 April 2025 will go down in history books as “Liberation Day,” as US President Donald Trump called it, or as “incredibly stupid”, as Eurasia Group president Ian Bremmer described it, is yet to be decided. What we do know is that there is no place to hide from US tariffs anymore, not even on an island in Antarctica inhabited only by penguins. Firstly, there’s the 10% universal tariff on goods from all countries, which will go into effect on 5 April.