Jun 8, 2012Contents, 5/6 2012
Check out the contents of our latest issue – 5/6 2012 – published 8 June.
Commentary, 5/6 2012Jun 8, 2012
When it comes to economic uncertainty, we’re still not out of the woods. What was, five years ago, an incredibly bullish market now seems mired in doubt. After the so-called “Credit Crunch” followed by the ongoing “Euro Crisis”, it’s easy to ask, “What next?”
From the Editor, 5/6 2012Jun 8, 2012
From Peak to Peak
The Offshore Technology Conference – OTC – in Houston is always an exciting event and high point of the year. And this year was no exception. For us, you could say that OTC marks the beginning of summer, when we from the north can get a taste of warmer weather before our summer arrives. But even more important, OTC is an event that inspires us as we begin our summer work that leads us to this year’s Offshore Northern Seas – ONS – another high spot in late August.
Rig-Market Report – Learning to SurviveJun 8, 2012
In the four years since the credit crunch first created rig-project casualties, the offshore rig market has rolled and pitched without losing buoyancy. Scary words from far off markets once put understandable fear in investors, both private and institutional. Early in 2012, indicators point to “strong fundamentals”:
healthy cash flow, new-build orders, lax yard prices, a good oil price and banks turning again tofavoured customers for stability. After a few scares, rig players are also adapting business models to changed customers and suppliers.
Insulated Pipe-In-Pipe Riser System and BendsJun 8, 2012
Increasing demand for energy, matched with the high commodity price and advances in technology, is driving operators to extract whatever reserves remain in the challenging UKCS. That said, the requirement to transfer these multi-phase products, from often high pressure/high temperature (HPHT) wells back onshore, is an even more demanding prospect.
Subsea Fibre and the Digital Oilfield – Diving into Offshore CommunicationsJun 8, 2012
For years, satellite technology has served offshore drilling operations by incorporating rigs into corporate communications infrastructures, even where wires and towers can’t reach, and bringing them digitally closer to headquarters. However, as drilling technology continues to advance, the demand for bandwidth-intensivedata transmissions from offshore operations to land has skyrocketed. To remain competitive, drillers now require real-time data regarding operations, and often times data needs to be collected from very remote, deep areas of the ocean.
Media: Social Security ConcernsJun 8, 2012
As we enact more and more of our lives online, we are always at risk of being victims of the ever-growing spectre of Internet fraud. This is, of course, old news, and much discussed. But the recent Facebook IPO and the general trend towards adding social features to everything we do online, tells me it bears another look.