Oil companies began venturing offshore in search of new sources of oil and gas more than a century ago. They started in shallow waters near the coast by building piers out into the sea that could hold a drilling rig. Companies soon moved farther away by constructing drilling platforms in the water. Offshore rig counts have continued to slide over recent months, despite the recovery in oil prices, whereas the US onshore rig count keeps rising—albeit at a slower pace than seen in early 2017. We believe that in the near-term, shale oil and OPEC production will be enough to balance demand growth. The company built foundations modeled after oil platforms for the Block Island Wind Farm. The Houston-based engineering firm Zentech, which specializes in rig platforms and offshore oil drilling and construction vessels, announced plans this summer to tackle another hurdle facing the wind industry:

There is, however, some good news: oil spills happen a lot less frequently than they did in the past. In the 1970s, on average, more than 300,000 tonnes of the fossil fuel made its way into the seas each year. Today, the world has to some extent cleaned up its act — 7,000 tonnes of oil leaked into our oceans in 2017. The global offshore drilling rigs market remains to be fragmented. Some of the major offshore rig manufacturers include Keppel Corporation Limited, Samsung Heavy Industries Co. Ltd, Sembcorp Marine Ltd. Some of the offshore drilling rig contractors include Transocean Ltd, and Seadrill Ltd. OIL RIG FAST FACTS There are around 1,470 offshore oil rigs around the world, which means this role could take you anywhere from the UK to Australia or even the Gulf of Mexico or the Middle East At any one time you will find nearly 200 people living and working on a rig You’ll rarely find a window inside Be thankful we’re not in the 70s – Before onboard wifi, engineers were restricted to Next, the rig’s subsea support structure has to be dealt with. This can be either an ultra-heavy “gravity-based” concrete foundation that may include concrete oil storage cells. Since the latter half of 2014, the offshore oil and gas industry has been primarily concerned with the falling price of oil, which has dropped as much as 27% a barrel since early summer. One of the major talking points is whether or not oil prices will rise in the future relative to the continued growth of exploration and production (E&P) costs.

The global offshore oil and gas CAPEX is expected to grow at a CAGR of more than 9.6% during 2020-2025 and this, in turn, This, in turn, is expected to create significant opportunities to the operating companies in the near future.

There is, however, some good news: oil spills happen a lot less frequently than they did in the past. In the 1970s, on average, more than 300,000 tonnes of the fossil fuel made its way into the seas each year. Today, the world has to some extent cleaned up its act — 7,000 tonnes of oil leaked into our oceans in 2017. The global offshore drilling rigs market remains to be fragmented. Some of the major offshore rig manufacturers include Keppel Corporation Limited, Samsung Heavy Industries Co. Ltd, Sembcorp Marine Ltd. Some of the offshore drilling rig contractors include Transocean Ltd, and Seadrill Ltd. OIL RIG FAST FACTS There are around 1,470 offshore oil rigs around the world, which means this role could take you anywhere from the UK to Australia or even the Gulf of Mexico or the Middle East At any one time you will find nearly 200 people living and working on a rig You’ll rarely find a window inside Be thankful we’re not in the 70s – Before onboard wifi, engineers were restricted to Next, the rig’s subsea support structure has to be dealt with. This can be either an ultra-heavy “gravity-based” concrete foundation that may include concrete oil storage cells. Since the latter half of 2014, the offshore oil and gas industry has been primarily concerned with the falling price of oil, which has dropped as much as 27% a barrel since early summer. One of the major talking points is whether or not oil prices will rise in the future relative to the continued growth of exploration and production (E&P) costs. Being future-proof within oil, gas, offshore wind, marine energy and maritime industries means being part of the March 3, 2020 read more → Floorplan Offshore Energy 2020 open Tullow Oil is taking various steps to improve operating efficiency and reliability at the Jubilee FPSO offshore Ghana, the company revealed in its latest results review. Mar 12th, 2020 Rigs/Vessels

Oil companies began venturing offshore in search of new sources of oil and gas more than a century ago. They started in shallow waters near the coast by building piers out into the sea that could hold a drilling rig. Companies soon moved farther away by constructing drilling platforms in the water.

Being future-proof within oil, gas, offshore wind, marine energy and maritime industries means being part of the March 3, 2020 read more → Floorplan Offshore Energy 2020 open

18 Apr 2019 California has around 27 offshore oil and gas rigs, some less than three miles from our famous beaches. LOS ANGELES -- California may be moving toward a future of renewable energy but just a few miles off our coast, the 

27 Dec 2019 It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through. When oil was in the triple-digit territories of 2014, energy companies had billions of dollars in exploration budgets. acquisition, seeking profitable collaborations, among other strategic strides, will certainly help boost future prospects of the drilling companies.

11 Sep 2019 The House of Representatives on Wednesday passed two bills banning new offshore oil and gas drilling off the “Prohibiting energy development in new federal areas would hinder future administrations' efforts to make up 

The global offshore oil and gas CAPEX is expected to grow at a CAGR of more than 9.6% during 2020-2025 and this, in turn, This, in turn, is expected to create significant opportunities to the operating companies in the near future. for future offshore opportunities with integrated solutions for drilling and rigs, subsea, marine construction, facilities, SURF and fabrication. Understand the changing market and plan for future demand. In today's low-oil-price environment , 

The global offshore oil and gas CAPEX is expected to grow at a CAGR of more than 9.6% during 2020-2025 and this, in turn, This, in turn, is expected to create significant opportunities to the operating companies in the near future.