While the onshore oil and gas industry is shaking off the downturn and going back to work this year, many industry analysts do not expect offshore exploration activities to follow suit until sometime in 2018 at the earliest. This has placed a burden on offshore oil and gas service and supply companies to remain solvent. Offshore wind energy is one market where service companies are finding some success.
The Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation of the Equinor-operated Johan Sverdrup Phase 2 project.
The Oil and Gas Authority has issued findings from its latest ‘Tier Zero’ meeting with managing directors of the 22 largest oil and gas producers on the UK continental shelf.
Damen and Wilson Sons Estaleiros recently completed the conversion of the platform supply vessel Fulmar to a shallow dive support vessel.