Oil majors Statoil and Shell are exiting the Alaskan Arctic citing uneconomical exploration conditions. With high costs and a lack of defined resources, could this be the end for Arctic oil? We speak to industry experts to find out more. And after Nigeria recently signed a $1.2bn drilling deal, we ask will this be enough to boost the country’s flagging offshore industry.
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Also, we get an insight into the effects of long-term cost-cutting on innovation, see how Eni‘s development of Egypt’s Zohr gas field may drive project growth across the East Mediterranean, and talk to leading figures about how Oil and Gas UK has effected the Wood Review recommendations. Plus, we take a look at the latest pre and post-production water treatment technologies for injecting life into oil wells.
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In this issue
A False Economy
Trelleborg‘s Next Level report argues that costing decisions are gaining priority in offshore projects. Julian Turner asks the Trelleborg Offshore UK MD John Drury whether short-term budget cuts could stifle long-term innovation.
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Major Withdrawals
With Statoil and Shell pulling out of the Alaskan Arctic, Elly Earls asks Greenpeace’s Charlie Kronick, Oceana’s Susan Murray and energy analyst Bob Fryklund whether this is the end for Arctic oil exploration.
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By GlobalDataZohr: Opening Up the East Mediterranean
Eni’s successful development of the Zohr gas field in Egypt could catalyse the growth of further projects in the East Mediterranean. GlobalData’s upstream oil and gas analyst Lydia Pearson reports.
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Hope on the Horizon
Following Nigerian National Petroleum Corporation’s $1.2bn multi-year deal to drill 36 offshore / onshore oil wells, Lindsay Dodgson finds out whether this could be a step toward building investor confidence.
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Treating Oil Well Water
As efficiency and cost-savings become ever more important in enhanced oil recovery, Heidi Vella rounds up the latest treatment technologies for water injection.
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Staying Competitive
Oil & Gas UK’s Efficiency Task Force aims to improve co-operation and competitiveness of the UK Continental Shelf. Lindsay Dodgson asks how the group will work and changes it will bring to the industry.
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Next issue preview
The Black Sea holds vast volumes of untapped oil, prompting companies to start planning deepwater projects. As Shell and Exxon are preparing to drill in places such as offshore Bulgaria, Romania and Turkey, we find out what is in store and who is likely to gain. In addition, we speak to Subsea Systems Institute director Bill Maddock about the latest technologies being developed to ensure the safety and sustainability of deepwater production projects.
We ask what effect lifting restrictions on US oil exports will have on the offshore sector, analyse the foreboding findings of the offshore Fleet report 2015, and get an insight into the industry’s latest trends and events from GlobalData. Plus, we hear about Air Charter Service’s new methods for managing seasonal offshore staff, and take a look at the lessons learned from the ‘Lifeline’ documentary about one diver’s breathtaking near-miss in the North Sea.
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