Archives

Houston – Westwood Global Energy 2020 Offshore Rig Market Outlook

Thursday January 30, 2020: 11:30am-12:30pm
Intecsea
575 North Dairy Ashford Rd.
Houston, Texas 77079

Oil prices are on a knife-edge heading into 2020. However, commodity prices are still projected to hold around $60-65 in 2020. This is expected to support investment over the next 12 months, as supermajors are posting strong financials, and many are expected to increase offshore Capex spending next year.

Westwood forecast US$125bn billion of new development expenditure to be sanctioned in 2020. E&P cost control will remain a key theme in 2020, but project lead times are expected to grow, as lower development costs continue to facilitate final investment decisions. Market optimism is increasing, as engagements between E&P companies and the supply chain continue for the optimisation and delivery of various field development concepts.

Meanwhile, the offshore rig market continues to gain momentum, although not as quickly as many had hoped for. Rig utilization is rising moderately as a whole, but some regions have seen more robust gains, and day rates have accordingly increased. For 2020, growth is expected to continue, assuming oil prices remain at or above current levels.

Westwood Global Energy’s Head of RigLogix, Terry Childs, will discuss what is happening in the global offshore rig market, as well as provide a general overview of the subsea market and what can be expected there.

For more information and to book please click here.

Houston – Champagne & Conversation Series Edition 5. “How it was, How it is, How we want it to be – a male perspective.”

Thursday January 23, 2020: 6:00pm-8:00pm
Memorial Wine Cellar
7951 Katy Fwy Suite B
Houston, Texas 77024

Invite your friends and colleagues to hear from our panelists on diversity, mentoring and leadership including Geoscience Earth and Marine Services (GEMS), Chevron, BHP Petroleum, Stress Engineering Services, BW Offshore, and Flexsteel Prime Resources.

For more information and to book please click here.

Houston – Offshore Workforce Engagement Through Modern Technology & Techniques

Thursday January 23, 2020: 11:30am-12:30pm
NOV Auditorium
10353 Richmond Avenue
Houston, Texas 77042

With a shrinking pool of available talent and a wave of older workers reaching retirement age, the offshore industry needs to adopt innovative strategies for developing the next generation of talent. Unlike prior generations in today’s workforce, people in their mid-20s to early 40s have been immersed in technology and grew up using laptops, computers, smartphones, iPads, and all other new gadgets.

The offshore industry must adapt to changing digital times and highlight its technical depth by asking the right questions to engage the younger generation workforce. This workforce is very mobile, consuming content, gathering information, and engaging in knowledge-share and communications for longer periods throughout the day via small-screen, connected devices. To engage and train younger generations, digital must be an integral component of new operating models and talent strategies. Digitally-enabled asset inspections, subsurface analyses, and self-diagnosing wells will transform exploration and production.

In addition to paper-based or traditional classroom modalities for training and engaging workforce, digital platforms (such as Virtual Reality, Augmented Reality and AI-based training tools), create more engaging, satisfying work environments and accelerate workforce performance and productivity3,4,5.

With the constraints on workplace productivity and learning, workforce curriculum transformation is as important to the corporate balance sheet as low fixed asset costs. It must “meet the learner” on their terms to successfully transfer important knowledge. From Sales to Engineering, to Technical Support; even extending from internal to also include external knowledge share… it is all critical!

Key Questions to Consider in Learning

  • Content should be convenient, readily accessible: wherever the staff is located, no matter their device, and no matter the time of day (or night).
  • And more than that, the learning program must engage the user despite the distractions or external claims for their attention.

Join us for a Lunch & Learn as the Sify team discusses and shares new technologies, techniques, and knowledge-share through AR, VR, and AI.

For more information and to book please click here.

Aberdeen – Evening Meeting – The Low Carbon Future – How can the Subsea Industry Contribute?

Sir Ian Wood Building Robert Gordon University Garthdee Road Aberdeen AB10 7GJ

Registrations 17:30– Presentations 18:00, Refreshments & Networking to follow

Click here for the report of this meeting

The world is gaining an increasing focus on tackling global warming with a particular emphasis on carbon reduction. The Oil & Gas UK’s Energy Transition Outlook Report 2019 identifies activities focusing on Carbon Capture Utilisation & Storage, Hydrogen Production, Offshore Renewables Integration and Net Zero Offshore Operations.

This evening meeting looks to cover the above topics with subject matter experts to identify how the subsea industry can play its part.

Hugh Riddell, Regional Partnership Manager at Offshore Renewable Energy Catapult

Integration of Renewable Energy for Offshore Operations

 

Rory MacKenzie, Head of Subsea Electrical Technologies, Total

Subsea Electrification for Carbon Footprint Reduction

Electrification of the subsea production system is part of a global CO2 reduction program within Total. Together with subsea processing, digitalization and automation we see the potential to minimize topside facilities to normally unmanned FPSO’s/platforms (more than 50% size reduction) or remove them altogether with Subsea to Beach architectures.  This will realize a significant carbon footprint reduction during the development phases and the operational phase.

Reduction in the size of subsea infrastructure will also have a positive carbon reduction contribution during manufacture and installation phases.  Eliminating the continuous hydraulic supply from manufacturing locations to the offshore facilities will also contribute.  Additionally, the potential for releasing hydraulic fluids to sea will be removed.

 

Greg Jones, Project Engineer, Oil and Gas Technology Centre

Hydrogen Production, the Future of Decarbonised Energy?

Hydrogen has the potential to replace the gas we use in our homes and the fuel we use in our vehicles. It is therefore an essential element of the energy mix as we move to decarbonised energy. An overview of current projects and what the hydrogen economy could look like will be presented.

 

David Vega-Maza, Senior Lecturer in Engineering at University of Aberdeen

Our Carbon Budget is Running Out, Along with Our Excuses

Summarising the indisputable climate change evidences caused by human activity, impacts, projections, and mitigation strategies. Although there is no magic solution, Carbon Capture, Utilisation and Storage (CCUS) may contribute to it as we transition to a net-zero carbon economy. This involves capturing CO2 when it is produced, transporting it and injecting it into a deep suitable storage site such as a depleted offshore oil reservoir or a saline aquifer. CCUS technologies, drivers and blockers will be presented, followed by an open discussion.

 

More information to follow, please contact [email protected] with any queries

 

A Certificate of Attendance to contribute towards your CPD is available, please select this option during booking. 

View all SUT Events here

 

Aberdeen – Subsea Expo

 

 

Subsea Expo is the world’s largest annual subsea exhibition and conference, held 11-13 February 2020 at P&J Live in Aberdeen, and also includes the industry’s prestigious awards ceremony, the Subsea UK Awards.

The free-to-attend exhibition, which will see 170+ exhibitors and 6,500+ visitors, is a quality-focused event showcasing the capabilities, innovations and cutting-edge technologies of the underwater sectors.

The free-to-attend conference runs multiple parallel sessions over three days and attracts a broad range of experts to discuss the challenges facing the industry, new and transformational technologies, clean energy and the future of digitalisation, among other topics.

The Subsea UK Awards dinner is an opportunity to join friends, colleagues and peers in celebrating the accomplishments of the industry’s standout individuals and companies and is held on 12 February at P&J Live in Aberdeen.

Subsea Expo is organised by

 

 

Coastal Futures 2020

This is the 27th in this series of meetings organised by Dr Bob Earll of Communications and Management for Sustainability (CMS).

The most comprehensive briefing

Coastal Futures 2020 will once again be the most comprehensive briefing of the year on marine and coastal environmental issues and activities. The fully revised programme with over 50 speakers, including 18 – 3 minute presentations and can be downloaded from the Coastal Future website.

Coastal Futures 2020 Programme

Coastal Futures 2020 provides:-
• Strong perspectives – from key stakeholders and industry leaders, who take a proactive approach to the sustainability agenda in the coastal and marine environment
• Overviews – from acknowledged experts in many subjects and leaders of major events
• Future trends – pointers to future areas of activity which will directly affect your work
• Networking – an excellent opportunity to meet those at the forefront of these issues – all speakers will be asked to remain in the hall after their presentation to facilitate networking
• Themes The CF2020 conference will be focussing on the problems of climate change, ocean recovery and restoration and how we respond, exploring what we really want from our coastal and marine environment.

Coastal Futures 2020 sets out to:-
• Deliberately bring together different sectors to discuss important developments and concerns
• Describe the actual changes that are causing concern and actions being taken to deal with these
• Describe the developing programme of policy and management which is unfolding to meet these concerns
• Produce a high level of information from the conference and via social media

Please contact Bob Earll with any queries

[email protected]

07930 535283

 

London & South of England Lunch and Learn – Global Offshore Prospects – Sold Out

Click here for the meeting report.

Westwood Global Energy present their annual outlook for the coming years in the offshore and subsea business. The firm will draw upon its extensive insight and data in the E&P and OFS sectors to outline macroeconomic drivers of activity, highlight leading indicators of offshore expenditure and review key upcoming projects and regions. The outlook for the growth in expenditure in specific subsea sectors will be presented alongside key risk factors and uncertainties evident in the market.

 

Presentations from:

Arindam Das, Director, Head of Commercial Advisory

Kathryn Symes, Manager, Commercial Advisory

Mark Adeosun, Senior Analyst, Offshore

 

Registration 12.00pm, Presentations 12.30pm,  Lunch 1.30pm

This event is free to attend but booking is essential.

With special thanks to our hosts:

 

 

 

 

 

A Certificate of Attendance to contribute towards your CPD is available, please select this option during booking. 

View all SUT Events here

 

ECOSIGG Evening Meeting – Marine Renewable Energy Industry – Sold Out

Chair: Darren Burbury

The Early Careers Offshore Site Investigation Geoscience and Geotechnics (ECOSIGG) committee will be holding its inaugural event in London sharing industry and academic knowledge regarding the offshore renewable industry.
The event will comprise a series of talks by industry experts and leading academics as follows:

• Integrating geoscience data to build effective ground models for large wind farm sites.
(Dr Mike Clare, National Oceanography Centre, Southampton)

• Detailed site investigation (SI) and advanced laboratory testing for state-of-the-art design methods.
(Dr Mike Rattley, Fugro)

• PISA design approach: challenges for application in design: Overview of the method, design applications in layered soils and calibration procedures for specific offshore sites.
(Prof. Harvey Burd, University of Oxford)

After the meeting, there will be opportunities for discussions and networking to continue.

This event is free to attend but booking is essential.

Click here to view the event flyer

A Certificate of Attendance to contribute towards your CPD is available, please select this option during booking. 

View all SUT Events here